The annual General Shareholder Meeting of Portugal Telecom will take place on 27 March. PT has presented the various items on the agenda and respective proposals, upon which shareholders will resolve.

One of the items on the agenda pertains to the election of the members of the corporate bodies for the 2009 – 2011 term of office, namely for the new Board of Directors, the Chairman of which will continue to be Henrique Granadeiro pursuant to the proposal of the shareholders. As to the Executive Committee, the proposal indicates that Zeinal Bava (1) will remain as CEO and Luís Pacheco de Melo (2) as CFO. The remaining proposed Members of the Executive Committee are Carlos Alves Duarte (3), Rui Pedro Soares (3), Manuel Rosa da Silva (3), Fernando Soares Carneiro (3), and Shakhaf Wine (3).

The proposed list of non-executive Directors is the following: José Maria Alvarez-Pallete Lopéz, Francisco Manuel Marques Bandeira, José Guilherme Xavier de Basto, Santiago Fernández Valbuena, João Manuel de Mello Franco, Joaquim Aníbal Brito Freixial de Goês, Mário João de Matos Gomes, Gerald Stephen McGowan, Rafael Luís Mora Funes, Maria Helena Nazaré (4), Amílcar Carlos Ferreira de Morais Pires, António Ramalho, Francisco Teixeira Pereira Soares, Jorge Humberto Correia Tomé, Paulo José Lopes Varela, Milton Amílcar Silva Vargas (4), Nuno Rocha dos Santos de Almeida e Vasconcellos.

(1) Chief Executive Officer, subject to approval of the composition of the Executive Committee by the proposed Board of Directors, following the respective appointment at the General Meeting.
(2) Chief Financial Officer, subject to approval of the composition of the Executive Committee by the proposed Board of Directors, following the respective appointment at the General Meeting.
(3) Members of the Executive Committee, subject to approval of the composition of the Executive Committee by the proposed Board of Directors, following the respective appointment at the General Meeting.
(4) The maintenance in this list is subject to change of number 1 of article 18 of the Articles of Association.

António Manuel da Rocha e Menezes Cordeiro has also been proposed as Chairman of the Shareholders Meeting Board, Eduardo Augusto Vera Cruz Pinto as Vice-Chairman and Francisco Manuel Balixa Tapum Leal Barona as Secretary.

João Manuel de Mello Franco has been proposed as Chairman of the Audit Committee, being José Guilherme Xavier de Basto and Mário João de Matos Gomes the suggested Members.

Álvaro João Duarte Pinto Correia has been indicated in the proposal to exercise the position of Chairman of the Compensation Committee whereas Francisco Adelino Gusmão Esteves de Carvalho and Francisco Lacerda are the Members proposed.

At the General Meeting, the shareholders of Portugal Telecom will resolve upon the following items:

1. To resolve on the management report, balance sheet and accounts for the year 2008; 
2. To resolve on the consolidated management report, balance sheet and accounts for the year 2008; 
3. To resolve on the proposal for application of profits and distribution of reserves; 
4. To resolve on a general appraisal of the Company’s management and supervision;
5. To resolve on an amendment to number 1 of article 18 of the Company’s Articles of Association; 
6. To resolve on the election of the members of the corporate bodies and of the Compensation Committee for the 2009-2011 term of office;
7. To resolve on the election of the Chartered Accountant, effective and alternate, for the 2009-2011 term of office;
8. To resolve on an amendment to number 4 of article 13 of the Company’s Articles of Association;
9. To resolve on the acquisition and disposal of own shares;
10. To resolve, pursuant to number 4 of article 8 of the Articles of Association, on the parameters applicable in the event of any issuance of bonds convertible into shares that may be resolved upon by the Board of Directors;
11. To resolve on the suppression of the pre-emptive right of shareholders in the subscription of any issuance of convertible bonds as referred to under item 9 hereof as may be resolved upon by the Board of Directors;
12. To resolve on the issuance of bonds and other securities, of whatever nature, by the Board of Directors, and notably on the fixing of the value of such securities in accordance with number 3 of article 8 and paragraph e) of number 1 of article 15 of the Articles of Association;
13. To resolve on the acquisition and disposal of own bonds and other own securities.
    

Learn more about the proposals pertaining to the items on the agenda of the annual General Meeting of Shareholders of Portugal Telecom.