Corporate Governance

Infraestruturas de Portugal, S.A. originates from the merger through the acquisition of EP – Estradas de Portugal, S.A. by Rede Ferroviária Nacional – Refer, E.P.E, in accordance with Decree-Law no. 91/2015 of 29 May.

Consequently, EP was wound up and its duties and responsibilities transferred to IP, S.A.

IP takes the form of a state-owned enterprise set up as a public limited company and it is governed by the law that created it, by its bylaws, approved in the annex to said law, by the legal scheme for the state-owned business sector, approved by Decree-Law 133/2013 of 3 October, by the good practices of corporate governance applicable to the sector, by the provisions of the Portuguese Commercial Companies Code, internal regulations and national and European legal norms underlying its business activity.

The corporate governance model adopted by IP is the two tier model, allowing effective separation of supervision from the management in pursuit of the objectives and interests of the company, its shareholder, employees and other stakeholders, in order to achieve the degree of trust and transparency necessary for its adequate functioning and optimisation.
The corporate bodies of IP are: the general meeting, the executive board of directors, the general and supervisory board and the statutory auditor, with a financial matters committee set up by the general and supervisory board.