Legal Regime
The legal nature of INCM is a limited company with exclusively public capital, governed by the legal regime laid down in Decree-Law no. 235/2015, , of 14 October, by its Statutes, by the limited company regulations and by special regulations that apply due to the purpose of the company; it is also governed by the legal regime for the corporate public sector, approved by Decree-Law no. 133/2013, of 3 October, in coordination with the determinations and strategic policies defined by the Government and by Parpública ? Participações Públicas (SGPS), S. A., in exercising its function as shareholder.
It also pursues its mission by taking into account the general management guidelines established in the following legislation, which, in the context of the company?s activities, is decisive:
- Decree-Law no. 71/2007, of 27 March, approving the Public Manager Statute, amended by Law no. 64-A/2008, of 31 December, and by Decree-Law no. 8/2012, of 18 January;
- Council of Ministers Resolution no. 16/2012, of 14 February, approving criteria used to determine the remuneration of public managers;
- Council of Ministers Resolution no. 36/1012, of 26 March, approving the classification of public companies for the effects of determining the remuneration of their respective managers;
- Order no. 14277/2008, of 23 May, of the Minister of State and Finances, which sets out the terms for the reporting of the information to monitor and financially control non-financial public companies.
The shareholder also set out more specific guidelines aimed at the INCM's specific activity.