The Portugal Telecom Corporate Governance model requires a clear division of powers between the Board of Directors and the Executive Committee.
In this model, the supervision and control functions are separated from operational management functions, with the Board of Directors responsible for monitoring strategic and regulatory issues, as well as monitoring performance.
In order to maximize performance, the Board of Directors has created several committees, which are responsible for certain specific tasks of the Board.
Currently, PT Group's internal committees consist of the following:
This division of power is based on three elements: effectiveness, simplicity and clearance, making the Executive Committee more operational. In order to fulfill all the disclosure requirements, PT decided to create a Disclosure Committee, aiming to support the Executive Committee in what concernes the quality and the reliability of information provided to financial markets.
All Financial Officers must, primarily in heir relationships with the public, investors, clients and suppliers, to comply with the 
Code of ethics for senior financial officer [54KB/5 pages] and adopt a policy of fairness and transparency, in accordance with high standards of diligence and loyalty, and avoid the risk of actual or potential conflicts between personal and professional interests, or interests which might interfere with effective and objective decision-making, and not seek personal or family benefits by the abuse of non-public financial information or any other kind of information.