Set the investment policy of the fund;

Decide on increases or decreases in capital fund;

Approve financial plans and budgets as well as accounts and reports provided by the management company, the decision on proposed regulations relating to instruments and FINOVA´s activity;

Approve transactions in which the management company intervenes as a beneficiary;

Approve transactions exceeding 5 million Euro;

Appoint the internal auditor (ROC) and the external auditors.

Manager of the Competitiveness Factors Operational Programme (“Programa Operacional Factores de Competitividade”), presiding;

A representative from each of the participating public entities;

The president of the management company;

Representatives of other funding Operational Programmes (PO).

Analyse and issue a position on the investment strategy of FINOVA;

Analyse and issue a position on guidelines in accordance with the objectives set recommending new areas to be covered;

Propose measures that would improve the adequacy of FINOVA to its objectives and policies pursued.

Members of the General Board;

Representative of the Ministry of Finance;

Representative of the Financial Institute for Regional Development (“Instituto Financeiro para o Desenvolvimento Regional”);

Representative of Confederação da Indústria Portuguesa;

Representative of Confederação do Comércio e Serviços de Portugal;

Representative of Confederação do Turismo Português;

Representative of Associação Industrial Portuguesa;

Representative of Associação Empresarial de Portugal;

Representative of Associação Portuguesa de Bancos;

Representative of Associação Nacional de Jovens Empresários;

Representative of Instituto Português da Juventude;

Representative of Associação de Empreendedorismo Feminino;

Representative of Management Company.