Governance Model

Good governance is extremely important in SATA’s practices and management. Its entire universe – from shareholders to employees – operates in a responsible and ethical manner following the standards of conduct recommended by international good practices.



   
Ethics and Conduct   Governance Model Principles
In 2010, Quality&You was accomplished at SATA with the aim of promoting SATA’s strategic reorganisation by setting the guidelines for creating an organisational culture focused on the customer and their satisfaction.
The Code of Ethics and Conduct followed this project with the aim of bringing employee behaviour in line with the project’s goal. This code was reviewed in 2012 and established commitment, sets standards for operating, and guides all company employees – whatever their position job or labour agreement.

  Transparency.
Control.
Accountability.
Adaptability.
Respect.
Conflict of interests.
Integrity with the market.
Segregation of duties.



  SATA believes that all interested parties must be involved, thus ensuring that all corporate or strategic information – as well as all related internal and external changes – must be broadcast in a true, responsible, coherent, and genuine fashion. The existence of the supervisory body writing about SATA’s financial and economic situation contributes towards the shareholders making informed decisions that are in touch with reality, promoting the principle of transparency and integrity with the market. Control and segregation of duties are also encouraged internally, which are presumed to be of added-value to corporate strategy.
Code of Ethics Principles  

Code of Ethics Principles
 
Management Bodies    
SATA’s governance structure is based on the Latin Model, which foresees the existence of three management bodies, the duties of which are perfectly established in the articles of association, as well as their operational rules.



After 2009-2011, when the term of office for SATA SGPS Corporate Bodies ended, the new members were elected following the Corporate Model in force as deliberated in Minutes No. 1/2012 from April 26th, 2012.

 
Management Bodies No. of meetings % of shares
General Meeting Board 1 100%
Board of Directors 1 100%


Main considerations
Meetings of the General Meeting Board
Approval of the 2011 Accounting Report.
Profit and Loss.
Election of the members for the Board of Directors and the Chartered Accountant.

Meetings of the Board of Directors
Approval of the 2011 Accounting Report.
Profit and Loss.

 

GENERAL MEETING BOARD / Main Duties
The General Meeting Board analyses and approves the individual and consolidated financial statements, considering the profit and loss for that fiscal year, changes in equity shares, increase in equity and contracting loans (under the foreseen conditions). It also analyses and approves the strategic guidelines and elects the members of the corporate bodies establishing their remuneration.

General Meeting Board

SATA Air Açores
Chairman Luis Filipe de Medeiros Quintanilha
Vice-Chairman Cristina Paula Ribeiro Amaral
Secretary Maria Alexandra Pacheco Vieira



SATA Internacional
Chairman João Carlos Correia de Lemos Bettencourt
Vice-Chairman Sara Cristina Brum de Medeiros
Secretary Maria Alexandra Pacheco Vieira



SATA Gestão de Aeródromos
Chairman Luis Filipe de Medeiros Quintanilha
Secretary Maria Alexandra Pacheco Vieira



SATA SGPS
Chairman Milton Sarmento
Vice-Chairman Victor Borges da Ponte
Secretary António Manuel Salvador Pimenta



Supervisory Board

SATA Internacional
Chairman Carlos Eduardo da Silva Melo Bento
Member Manuel Herberto de Medeiros Quaresma
Member Celestina Filomena Gonçalves Oliveira
Member José Augusto de Sousa Gomes




STATUTORY AUDITOR / Main Duties
The duties of the Statutory Auditor are in line with SATA’s articles of association, where they must supervise the company’s management in terms of abiding the applicable law, articles of association, and regulations, as well as checking and writing considerations on the individual and consolidated financial statements when performing internal audits so that the established Portuguese standards are complied with.



SATA Air Açores
Effective Duarte Félix Tavares Giesta
Substitute Leopoldo de Assunção Alves



SATA Internacional
Effective Albino Jacinto
Substitute Cruz das Neves e Silva Cardoso, Sociedade de Revisores Oficiais de Contas, representada por João Humberto Silva Cardoso



SATA Gestão de Aeródromos
Effective Sociedade Marques Duarte e Associados Limitada, representada por Joaquim Manuel da Cunha
Substitute Cruz das Neves e Silva Cardoso, Sociedade de Revisores Oficiais de Contas, representada por João Humberto Silva Cardoso



SATA SGPS
Effective Deloitte e Associados, SROC, SA, representada por Carlos Serafim de Aguiar Alves Caetano
Substitute Carlos Luís Oliveira de Melo Loureiro

 



BOARD OF DIRECTORS / Main Duties
To manage the company’s businesses and decide upon the social object, which is of their full responsibility. They should also approve SATA’s main management goals, policies, and guidelines, and supervise and ensure that these are in line with the activities to be developed in order to satisfy and maximise the shareholder’s interests.

Composition of the Board of Directors

SATA’s Board of Directors is composed by four directors whose responsibilities and areas of expertise are very well established within the business.



Paulo Menezes

President of SATA SGPS, SATA Air Açores, SATA Internacional, SATA Gestão de Aeródromos.

  Isabel Barata

Isabel Barata

Executive Director of SATA SGPS, SATA Air Açores and SATA Internacional.

 

João Soares

Executive Director of SATA SGPS, SATA Air Açores, SATA Internacional and SATA Gestão de Aeródromos.

 
Filipa Rosa

Filipa Rosa

Non-executive member of the SATA Air Açores Board of Directors, elected by the workers.
Areas of expertise:
Monitors the company's management, to ensure the achievement of strategic goals and the reconciliation of shareholders' interests with the general interest