The Governance Model governs the power relations between Nors’ different governing and management bodies. Its action is defined and restricted by a set of provisions of a legal, statutory and regulatory nature.
Besides the fundamental sovereign role of the General Assembly, our governance is based on the Board of Directors, the Executive Board, and the Statutory Auditor.
general assembly
The General Assembly is the governing body that brings together all of the company’s shareholders.
remuneration committee
The Remuneration Committee is elected at the General Assembly. Its responsibility is to define the remunerations of the company’s governing bodies.
statutory auditor
The supervision of the company is performed by a Statutory Auditor, under the law.
board of directors
The Board of Directors approves the global strategy drawn up by the Executive Board, regularly following up its implementation and defining growth and profitability targets.
executive board
The Executive Board is Nors’ main executive body. It defines and implements cross-cutting policies that materialize the global strategy approved by the Board of Directors. It’s also its responsibility to manage the group’s business portfolio, monitoring the performance of the business areas and operations.
Ernesto Vieira (President)
Ângela Vieira
Ernesto Silva Vieira
João Mieiro
José Jensen Leite de Faria
Nuno Colaço
Paulo Mieiro
Pedro Mieiro
Pedro Arêde
Rui Faustino
Rui Miranda
Tomás Jervell
João Mieiro (President)
Ângela Vieira
Nuno Colaço
Paulo Mieiro
Pedro Arêde
Rui Faustino
Nors’ equity is still held by the two founding families, the Jervell family, and the Jensen family. Nors, S.A.’s equity, which is fully subscribed and paid up, is 30 million euros (30,000,000 shares with a nominal value of 1 (one) euro).
At 31 December 2019, the breakdown of the company’s share capital was as follows:
