Comittees are permanent bodies with an informative, advisory and supervisory tasks.

The Appointments, Remunerations and Corporate Governance Committee assists and reports to the Board of Directors about appointments, re-elections, dismissals, evaluation and remunerations of board members and executive staff, and also assumes the functions related to the reflection on the Corporate Governance structure and on its efficiency.

Antonio Sarmento Gomes Mota
Chairman and Independent member
Rosa García García
Independent member
José Manuel Félix Morgado
Independent member

About the Appointments, Remunerations and Corporate Governance Committee

Pursuant to Article 29 of the Company’s Articles of Association, the Appointments, Remunerations and Corporate Governance Committee shall consist of no less than three (3) and no more than six (6) Directors. At least one of its members must be independent and shall be the Chairman of the Committee.

The Appointments, Remunerations and Corporate Governance Committee is currently constituted by independent members of the Board of Directors.

The Appointments, Remunerations and Corporate Governance Committee is a permanent body with an informative and advisory nature and its recommendations and reports are not binding. As such, the Appointments, Remunerations and Corporate Governance Committee has no executive functions.

The main functions of the Appointments, Remunerations and Corporate Governance Committee consists of assisting and reporting to the Board of Directors regarding appointments (including by co-option), re-elections, removals and remuneration of the Board and its officers and regarding the composition of the different Board committees as well as the appointment, remuneration and removal of executive staff. The Appointments, Remunerations and Corporate Governance Committee also informs the Board of Director on the general remuneration and incentive policy for board members and executive staff, and assumes the functions related to the reflection on the Corporate Governance structure and on its efficiency.

In addition to the Articles of Association, the Appointments, Remunerations and Corporate Governance Committee is governed by the Regulations approved on February 23rd, 2021, and also by the Board regulations.

This Committee shall draft minutes of every meeting held and inform the Board of Directors of decisions that it makes at the first Board meeting held after each committee meeting.

The meetings of this committee shall be valid if at least half of the Directors on it plus one are present or represented. Decisions shall be adopted by simple majority. The Chairman shall have the deciding vote in the event of a tie.