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Board Members

The Company has adopted a governance model commonly known as "reinforced Latin” model, which advocates a separation between the roles of supervision and that of the Management as well as a double supervisory mechanism consisting of a supervisory board and a statutory auditor.

The corporate governance model adopted by the Company is considered adequate and appropriate for the following reasons:

  • it embodies a framework of principles of corporate governance and good practice designed to promote greater transparency and a high level of professionalism and competence;
  • it ensures the alignment of interests across the Organization, specifically among shareholders, members of the governing bodies, officers and other employees of the Company;
  • it encourages shareholder participation in the life of the Company;
  • it fosters the efficiency and competitiveness of CORTICEIRA AMORIM.

Promoting Diversity within Governing Bodies

Corticeira Amorimis the holding company of an economic group with its headquarters in Portugal. The group is solidly implanted internationally through subsidiary, part-owned and joint-venture companies. The group is continuously developing a wide range of products and solutions to meet the demands of different markets and consumers.

In response to the challenges the group faces, Corticeira Amorim advocates a diversity policy for the composition of its governance bodies, especially in regard to the Board of Directors and the Supervisory Board, in order to:

  • Promote diversity in the composition of the respective body;
  • Enhance the performance of each body and each individual member of those bodies;
  • Encourage wide-ranging, balanced and innovative analyses with a view to facilitating well-founded and agile decision-making and control processes; and
  • Contribute to increased innovation and to the self-renewal of the Company, together with its sustained development and the creation of long-term value for its shareholders and other stakeholders. 

Corticeira Amorim recognises the permanent necessity for promoting diversity within its governing bodies, especially within the Board of Directors and the Supervisory Board, in regard to the following specific factors:

  • Academic qualifications and professional experience appropriate to the specific corporate role concerned, and which bring together, across the whole of each governing body, the necessary skills for that body to fulfil its role effectively;
  • The inclusion of members from different age ranges, combining the knowledge and experience of older members with the innovation and creativity of younger members to enable the respective body to combine an innovative approach to business with the prudent management of risk; and
  • Promoting gender diversity to provide a satisfactory balance of sensibilities and decision-making styles within each governing body.

Board of Directors

Chairman: António Rios Amorim
Vice-Chairman: Nuno Filipe Vilela Barroca de Oliveira
Member: Fernando José de Araújo dos Santos Almeida
Member: Cristina Rios de Amorim Baptista
Member: Luísa Alexandra Ramos Amorim
Member: Juan Ginesta Viñas

Board of the General Meeting

Chairman: Augusto Fernando Correia de Aguiar-Branco
Secretary: Rita Jorge Rocha e Silva

Supervisory Board

Chairman: Manuel Carvalho Fernandes
Member: Ana Paula Africano de Sousa e Silva
Member: Eugénio Luís Lopes Franco Ferreira
Substitute Member: Durval Ferreira Marques

Statutory Auditor

Auditor: ERNST & YOUNG AUDIT & ASSOCIADOS – SROC, S.A., represented by Rui Manuel da Cunha Vieira or by Rui Abel Serra Martins 
Substitute: Pedro Jorge Pinto Monteiro da Silva e Paiva

LATEST DISCLOSURES

Sales grow 9.4% to more than €700 million

2018-04-13
  • EBITDA reaches €133.6 million, an increase of 9.2%
  • Net profit of €73 million, in line with the previous year (excluding the impact of the sale of US Floors in 2016)
  • Bourrassé contributed to the 2017 results with six months of activity
  • Proposal to distribute a gross dividend of €0.185 per share 

Consolidated Accounts