Annual Report - EDP

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: corporate governance :II.26. Rules onassessment ofindependence andincompatibilitiesof members ofthe General andSupervisory BoardPursuant to its internal regulations, the Generaland Supervisory Board has a specific procedurefor complying with the vast number of rules onincompatibilities and independence applicableto its members (Articles 6 and 7 of the InternalRegulations of the General and SupervisoryBoard). This procedure comprises the following:º º The position as a member of the General andSupervisory Board is accepted in a writtenstatement that sets out specifically(i) non-existence of any incompatibility underthe law or Articles of Association for theoffice; (ii) compliance with the independencerequirements set out in its Internal Regulationsif the person in question was elected as anindependent member; (iii) the members’obligation to report to the Chairman of theGeneral and Supervisory Board or theChairman’s obligation to report to the boardany subsequent event that may result inincompatibility or loss of independenceº º Every year, the members of the General andSupervisory Board are required to renewtheir statement on the non-existence of anyincompatibility and, if applicable, compliancewith independence requirementsº º The General and Supervisory Board alsoperforms a general assessment of compliancewith the rules on its members’ incompatibilitiesand independence every year.At the same time, the Internal Regulations of theGeneral and Supervisory Board stepped up theindependence criteria applicable to its membersand went beyond the provisions of Article 414(5) of the Company Code and Article 9 of EDP’sArticles of Association. As a result, persons whodirectly or in relation to their spouse or relativeby direct line or affinity, and up to and includingthe third degree in the collateral line, may nothave the status of independent if they are in anyof the following situations:º º They hold, manage, have a contractual tie withor act in the name or on behalf of holders ofa qualifying holding of 2% (two percent) ormore of the voting rights in EDP, or the samepercentage in a company that it controlsº º They hold, manage, have a contractual tie withor act in the name or on behalf of holders ofa qualified holding of 2% or more of the sharecapital or voting rights in a company that isa competitor of EDPº º They have been elected for more than twoterms successively or intercalated.The rules of independence for members of theGeneral and Supervisory Board is particularlyimportant with regard to the followingrequirements:º º The board must be composed of a majorityof independent members (Article 434 (4) ofthe Company Code and Article 21 (4) of EDP’sArticles of Association)º º The Committee on Financial Matters/AuditCommittee and the Remuneration Committeeof the General and Supervisory Board must becomposed of a majority of independent members(Article 444 (6) of the Company Code and Article27 (1) (a) and (b) of the Internal Regulationsof the General and Supervisory Board).In accordance with the above-mentionedprocedure, the members of the General andSupervisory Board declared at the start of theirterm that they were not in any situation of legalincompatibility set out in Article 414-A (1) (a) toe), g) and h) (ex vi Article 434 (4) and Article 437(1) of the Company Code) and in the Articles ofAssociation and that they met the independencerequirements set forth in the Internal Regulationsof the General and Supervisory Board.At the beginning of 2012, the members ofthe outgoing General and Supervisory Boardrenewed their statements on incompatibilities andindependence. On 21 February 2012 the Generaland Supervisory Board assessed the applicationof the rules on incompatibilities and independenceto the members elected at the General Meetingof Shareholders held on 20 February 2012.Similar statements of compliance with theindependence and incompatibility criteria for theexercise of their duties set forth in Article 414 (5)and Article 414-A (1) of the Company Code and inArticles 9 and 10 of EDP’s Articles of Associationwere made by the Chairman and Vice-Chairmanof the General Meeting of Shareholders.The above-mentioned statements are available onEDP’s website (www.edp.pt).II.27. Professionalqualifications andnumber of sharesheld by membersof the General andSupervisory BoardThe curricula of the General and SupervisoryBoard members are in Annex II.The table below shows the shares held by themembers of the corporate bodies and any changesfrom 2011 to 2012, pursuant to Article 447 (5)of the Company Code:The shares held by the members of the Generaland Supervisory Board, until 20 February 2012,that have not been re-elected for the term 2012-14were as follows:EDP - Energias de Portugal, S.A.EDP Renováveis, S.A. EDP - Energias do Brasil, S.A.N.ºShares19-02-2012N.ºShares31-12-2011N.ºBonds19-02-2012N.ºBonds31-12-2011N.ºShares19-02-2012N.ºShares31-12-2011N.ºShares19-02-2012N.ºShares31-12-2011General and Supervisory BoardAntónio de Almeida 100 100 0 0 1,200 1,200 0 0José Maria Brandão de Brito(as representative of Cajastur- 0 0 0 0 0 0 0Inversiones, S.A.)Diogo Campos Barradas de LacerdaMachado260 260 0 0 0 0 0 0José dos Santos Fernandes 0 0 0 0 600 600 0 0Ricardo José Minotti da Cruz Filipe 6,622 6,622 0 0 500 500 0 0Farid Boukhalfa (as representativeof Sonatrach)0 0 0 0 0 0 0 0EDP - Annual Report 2012127
: corporate governance :The shares held by the current members of the General and Supervisory Board elected for the termof office corresponding to the period from 2012 to 2014 were as follows:EDP - Energias de Portugal, S.A. EDP Renováveis, S.A. EDP - Energias do Brasil, S.A.N.ºShares31-12-2012N.ºShares31-12-2011N.ºBonds31-12-2012N.ºBonds31-12-2011N.ºShares31-12-2012N.ºShares31-12-2011N.ºShares31-12-2012N.ºShares31-12-2011General and Supervisory BoardEduardo de Almeida Catroga 1,375 1,375 0 0 0 0 0 0China Three Gorges Corporation 780,633,782 - 0 - 0 - 0 -Dingming Zhang (as representativeof China Three Gorges Corporation)China International Water& Electric Corp.Guojun Lu (as representative of ChinaInternational Water & Electric Corp.)0 - 0 - 0 - 0 -0 - 0 - 0 - 0 -0 - 0 - 0 - 0 -China Three Gorges New Energy Co. Ltd. 0 - 0 - 0 - 0 -Ya Yang (as representative of ChinaThree Gorges New Energy Co. Ltd.)China Three Gorges International(Europe) S.A.Shengliang Wu (as representativeof China Three Gorges International(Europe) S.A.)PARPÚBLICA - Participações Públicas(SGPS) S.A.Felipe Fernández Fernández(as representative of CajasturInversiones, S.A.)0 - 0 - 0 - 0 -780,633,782 - 0 - 0 - 0 -0 - 0 0 0 0 0 0151,517,000 915,977,598 0 0 0 0 0 00 - 0 - 0 - 0 -José de Mello Energia, S.A. 168,077,151 176,322,036 0 0 0 0 0 0Luís Filipe da Conceição Pereira(as representative of José de Mello1,459 19,739 150 50 1,200 1,200 0 0Energia) (1)Senfora SARL 148,431,999 148,431,999 0 0 0 0 0 0Mohamed Al Fahim(as representative of Senfora SARL)0 0 0 0 0 0 0 0Carlos Jorge Ramalho Santos Ferreira (2) 40,000 40,000 0 0 0 0 0 0Sonatrach 87,007,443 81,713,076 0 0 0 0 0 0Harkat Abderezak(as representative of Sonatrach)0 0 0 0 0 0 0 0José Maria Espírito Santo SilvaRicciardi (3) 0 0 0 0 2,320 2,320 0 0Alberto João Coraceiro de Castro (4) 4,578 4,578 5 5 2,460 2,460 0 0António Sarmento Gomes Mota 0 0 0 0 0 0 0 0Maria Celeste Ferreira Lopes Cardona 0 - 0 - 0 - 0 -Fernando Masaveu Herrero (5) 44,188,463 - 0 - 0 - 0 -Ilídio da Costa Leite de Pinho 0 - 0 - 0 - 0 -Jorge Braga de Macedo 0 - 0 - 0 - 0 -Manuel Fernando de Macedo AlvesMonteiroPaulo Jorge de Assunção RodriguesTeixeira Pinto0 0 60 60 0 0 0 00 - 0 - 0 - 0 -Vasco Joaquim Rocha Vieira 3,203 - 0 - 60 - 0 -Vítor Fernando da Conceição Gonçalves 3,465 3,465 0 0 680 680 0 0Rui Eduardo Ferreira Rodrigues Pena 2,945 1,445 35 35 380 380 0 01) In 2011, the shares of EDP - Energias de Portugal includes 18.280 shares held by his wife, Maria Manuela Casimiro Silva Pereira, who also holds all the shares of EDP Renováveis.2) Carlos Jorge Ramalho Santos Ferreira is a person discharging managerial responsibilities within BCP Group which held, on 31 st December 2012, 122.667.974 sharesof EDP - Energias de Portugal.3) The shares of EDP Renováveis are held by his wife, Teresa Maria Belo de Morais Calheiros e Meneses Ricciardi.4) The shares pf EDP - Energias de Portugal includes 94 and 380 shares, respectively, held by his spouse, Ana Maria Ferreira Lopes5) The shares of EDP - Energias de Portugal includes 1.660.420 and 42.526.023 shares held by Flicka Forestal S.L. and Masaveu Internacional, S.L., respectively, in whichFernando Masaveu has managerial responsibilities and 2.020 shares held by his spouse Carolina Compostizo Fernández.The EDP share trading operations performed by members of the General and Supervisory Boardin 2012 are identified in the Annex III.128A World Full Of Energy
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Annual Report - EDP

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