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Board of Statutory Auditors
The Board of Statutory Auditors monitors compliance
with the law, the by-laws and the principles of proper
administration in the conduct of corporate activities. It
also checks the adequacy of the Company's organisational
structure, internal control system and administrative
and accounting system. Following the entry into force of
Decree 39/2010, the Board of Statutory Auditors has been
identified as the "Internal Control and Audit Committee"
empowered by this decree to supervise the financial
reporting process, the effectiveness of the systems of
internal control, internal audit and risk management, the
statutory audit of the annual separate and consolidated
financial statements, and the independence of the external
auditing firm.
