Annual Report - EDP

: corporate governance :Commercial CommitteeThis Committee was abolished in October 2012by decision of the Executive Board of Directors,and most of its duties were transferred to theIberian Commercial Committee.Iberian CommercialCommitteeThe Iberian Commercial Committee has thefollowing responsibilities:º º Exchange of information on the evolution ofthe business in each region and in the Iberianregion, including the respective criticalenvironments (regulatory, etc.)º º Discuss, align and issue opinions on keyissues (such as goals, marketing plan, etc.) forapproval by the Executive Board of Directorsor the Board of Directors of the electricitysupply companiesº º Develop a uniform and integrated view ofthe Iberian business and keep the multigeographicalregion benchmarking (marketing,products, commercial and managementinformation)º º Foster the adoption of (best) common practicesin a selected set of processes or activitiesº º Share unique or specialised assets (human,technological, knowledge).The Iberian Commercial Committee has thefollowing composition:Iberian Commercial CommitteeChairman of the Executive Board of DirectorsMember of the Executive Board of Directors (Regulation and Competition)Member of the Executive Board of Directors (EDP Solcuções Comerciais)Member of the Executive Board of Directors (Commercialization, Spain)Board of Directors of EDP ComercialCommercial and Corporate Officerof HC EnergíaBoard member of EDP Soluções ComerciaisHead of Information SystemsHead of Coordination of Communication AreaHead of Customer and MarketingHead of UNGEOfficer EDP Comercial (Marketing B2B)Officer EDP Comercial (Marketing B2C)The Iberian Commercial Committee was createdin October 2012 and it has a meeting scheduledfor first quarter of 2013.Pension Plan andPension Fund CommitteeThe Pension Plan and Pension Fund Committeehas the following main responsibilities:º º Share significant information with an impacton the management of the Pension Fundº º Analyse the evolution of the assets undermanagement, fund profitability and themanagement mandates and the performanceof the different asset managersº º Monitor the development of the value ofliabilities payable by the Pension Fund and itslevel of fundingº º Issue an opinion on changes in investmentpolicy and/or management mandates, on theactuarial assumptions used to calculate theliabilities assigned to the Pension Fund and thecontributions of associates to the fund.The Pension Plan and Pension Fund Committeehas the following composition:Pension Plan and Fund CommitteeMember of the Executive Board of Directors (Finance)Board member of EDP ValorHead of Consolidation, IFRS Reporting and TaxationHead of Risk ManagementRepresentative of Financial ManagementHead of Financial ManagementThe Pension Plan and Pension Fund Committeemet four times during 2012.EDP - Annual Report 2012Information SecurityCommitteeThe Executive Board of Directors abolishedthis Committee in October 2012 and transferredmost of its responsibilities to the InformationTechnology Committee.Information TechnologyCommitteeThis Committee’s responsibilities are:º º Propose budget allocations for unplanned projectsº º Propose the annual budget and plan for informationsystems (applications and infrastructure projects)º º Issue an opinion on the relationship model andcosts model between the Information SystemsDepartment, Business Units and the CorporateCentreº º Discuss and issue an opinion on guidelines forthe strategic planning of information systemsº º Decide the priorities related to strategicprojects, the distribution of resources or theunplanned requirements of strategic projects.The Information Technology Committee has thefollowing composition:Information Technology CommitteeMember of the Executive Board of Directors (Information Systems)Board member of EDP Produção (Information Systems)Board member of EDP Distribuição (Information Systems)Board member of EDP Comercial (Information Systems)Board member of EDP Soluções Comerciais (Information Systems)Board member of EDP Valor (Information Systems)Board member of EDP Inovação (Information Systems)Head of Organisational DevelopmentHead of Coordination of Communication AreaHead of Customer and MarketingHead of Information SystemsRepresentative HC EnergíaRepresentative EDP BrasilRepresentative EDP RenováveisOfficer EDP Gás (Information Systems)The Information Technology Committee held threemeeting in 2012.Iberian Commercialand Market CommitteeThis Committee was established in October 2012with the following responsibilities:º º Share information on the energy trading andbusiness market of the Iberian Peninsula forthe sale of electricity, gas and services in allmarket segments (purchase of natural gas, gassales balance sheets, customer losses, pricing,competition, etc.)º º Analyse the market situation andcompetitiveness of the prices in the differentsegments of the Portuguese and Spanishelectricity and gas marketsº º Propose preferential segments for theplacement of gas and price policies in differentsegments, the strategies to be used at gasauctions, the gas placement or purchaseobjectives in gas trading, the measures to retainstrategic customers, adaptation or correction ofcurrent commercial policies, the establishmentor revision of intra-group transfer pricesº º Monitor the implementation of the above-statedmeasures.The Iberian Commercial and Market Committeehas the following composition:Market and Commercial Iberian CommitteeMember of the Executive Board of Directors (Energy Management)Member of the Executive Board of Directors (Commercialization, Spain)Board fo Directors of EDP ComercialGeneral Manager of Corporate and Trading HC EnergíaBoard member of NaturgasOfficer Energy ManagementOfficer Comercial B2B Espanha (HC Energía/Naturgas)Officer Comercial B2C Espanha (HC Energía/Naturgas)Officer Operations of NaturgasOfficer EDP Comercial (Commercial B2B)Officer EDP Comercial (Energy Management)113