ANNUAL REPORT ‘12
COMPLIANCE WITH LEGAL OBLIGATIONS
137
14_COMPLIANCE WITH LEGAL OBLIGATIONS
14.1_STATEMENT OF COMPLIANCE
ANA, S.A. has adopted the principles of good govern-
ance that are applicable to companies and the strategic
guidelines aimed at state-owned enterprises in
accordance with cabinet resolutions RCM no. 49/2007
and no. 70/2008 by adapting its financial and budget-
ary management as well as its executive and supervis-
ory structures. In addition, the company has adopted
transparency policies for compensation and other bene-
fits and a policy for averting conflicts of interest so as
to strictly comply with the said cabinet resolutions.
Likewise, the company complies with disclosure rules
by making available to the public on its own website
and the government’s portal for the state-owned
enterprise sector relevant financial data, both current
and historic, allowing its stakeholders and the public at
large to follow the company’s progress as well as its
market position.
14.2_GOVERNANCE OF THE COMPANY AS PER THE
TERMS OF CABINET RESOLUTION (RCM) NO.
49/2007, OF 28 MARCH, WHICH APPROVED THE
PRINCIPLES OF GOOD GOVERNANCE
In order to show that this report is compliant with RCM
no. 49/2007, the following table sets out the linkages
between report chapters and the requirements of the
cabinet resolution.
14.3_COMPLIANCE WITH LEGAL OBLIGATIONS
Under the terms of Circular Order no. 843, of 30
January 2013, from the General Directorate of the
Treasury and Finance, relating to the reporting of
accounts for 2012, we detail in the following points
the various issues covered and indicate the chapters in
this report where these issues are referred to.
14.3.1_Detailed description of the conditions and
levels of compliance with management guidelines
and objectives as stipulated in Article 11 of Decree-
Law no. 300/2007, of 23 August
The shareholder did not formally fix any objectives for
2012.
RCM 49/2007
Chapter in the Report
0. Statement of compliance
14.1
1. Mission, goals and company policies
Inside cover
2. Internal and external regulations governing the company's activities
13.1 and 14.3
3. Information about relevant transactions with related parties
13.2.7
4a) Procedures followed for the acquisition of goods and services
13.2.8
4b) List of main suppliers
Annex VI of this report
5a) Members of governing bodies with their roles and responsibilities
13.2.2
5b) External auditor
13.2.5
6. Remuneration of governing body members
13.2.2 and Annex II of this report
7. Analysis of economic, social and environmental sustainability
10. and 2012 Sustainability Report
8. Compliance with good governance practice
14.1
9. Code of ethics
13.4
10. Customer ombudsman
Not applicable
