The Company's Board pays particular attention to matters related
to Corporate Governance and it considers the Group's policy to be
consistent with the best market practices and that the operation of
its governance model is the most appropriate to the interests of
all its stakeholders.
Model of Governance
In 2007, Jerónimo Martins adopted the so-called "Anglo-Saxon"
model of governance, with the following corporate bodies: the
Shareholders' Meeting, the Board of Directors, the Audit Committee
and the Chartered Accountant, as a coherent evolution of the
previous monist model.
This model of governance is then completed and adapted to the
company's needs through the configuration of the internal
organisation structure chosen by the board of directors.
Internal Organisation of the Board of Directors
Chief executive officer and Specialised Committees
Since 2010, the Board of Directors of Jerónimo Martins has opted
to delegate the day-to-day management of corporate business to a
CEO and has set up specialised committees intended to monitor and
supervise certain areas. The current structure of the Board of
Directors includes the CEO and the Committee on Corporate
Governance and Corporate Responsibility (CCGCR).
Also in 2010, in order to assist the CEO in the course of his
duties, the Board of Directors set up a Managing Committee, an
ad-hoc body comprising senior management from the Group and the CEO
himself, who chairs this Committee.
The Company also has a Remuneration Committee, elected by the
Shareholders' Meeting, an Ethics Committee and an Internal Control