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ANNUAL REPORT 2011
for administrators and indicate whether or not
subject to the Shareholders General Meeting.
There is no supplementary pension or early
retirement for administrators.
p) An estimate of non-cash benefits considered
as remuneration not covered above.
There are no non-financial benefits that may be
considered as remuneration, allocated to any one
the board of directors members.
q) The existence of mechanisms that prevent the
executive board of directors members of contracts
that undermine the rationale for the variable pay.
Not applicable.
II.34. Reference to the fact that the remuneration
of non-executive directors of the board does not
include variable components.
The remuneration of non-executive director does
not include variable components.
II.35. Information over the policy adopted for
reporting irregularities in the Company (media,
peoplewhoareentitledtoreceivecommunications,
treatment applicable and indication of the persons
and bodies with access to information and their
intervention in the procedure).
The Company has established a policy for receiving
communications, or complaints about irregularities
occurred in the company. As stated in the
Regulations of the Audit Committee reported on
the company’s website, this body “ …notes written
reports of irregularities that have been addressed
by promoting, as appropriate, the necessary
representations to the administration and auditing
on them and draw up its report.”. Thus, this kind
of irregularities can be communicated non-
-anonymously to the Audit Committee, by notice
to the Company addressed the Board of the
Audit Committee. The company will forward the
information received to the Chairman of that body,
ensuring confidentiality.
VSection – SpecializedCommittees
II.36. Identification of the committee´smembers
constituted for the purpose of assessing
individual performance and overall executive
board of directors members, reflection on the
governance system adopted by the Company
and identification of potential candidates for
the job of board of director’s member.
There is established a Remuneration Committee
comprising three members, Vitor Sevilhano Pratas,
Amândio Mendonça da Fonseca and Don Alfonso
Munk Pacin.