2012/01/27
Banco Comercial Português informs that the Chairman of the
Executive Board of Directors, Mr. Carlos Santos Ferreira,
released the following statement to the employees:
"Dear Colleagues,
The media today is reporting some comments that I made to a
business newspaper. I mentioned in those comments that it
is probable that in the near term Millennium bcp's
shareholders may want to change the bank's corporate
governance model, shifting from the two-tier model to the
one-tier model - which I deem the most appropriate at this
moment as it allows a greater proximity between the
Directors and the daily operations of the Bank. If it were
implemented, this new model would benefit from the entry of
other people into the management and decision-making
process. It's a process that would require new people
to turn a new page and continue the long march.
One thing is important to stress: whatever is done, it will
be done in a calm manner, with shareholder consensus and
without public commentary.
Over the past four years, with the help and contributions
of all its employees, Millennium bcp has been able to
stabilize its shareholder base, and consolidate its Polish
and African operations, while simultaneously boosting
capital and solvency ratios to levels unparalleled in the
past. Now that we have arrived at this point, it will be
necessary to continue on this path, reinforcing and
improving that which has already been achieved.
Thank you,
Carlos Santos Ferreira"
Banco Comercial Português
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