FINOVA’s governance bodies are the General Board, the Advisory Board and the Management Company.

Role

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.

Representation

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).

Position

Institution

Representantive

President

Programa Operacional Factores de Competitividade – COMPETE

Dr. Jaime Andrez

Member

IAPMEI

Prof. Miguel Cruz

Member

Turismo de Portugal

Dr. Carlos Abade

Member

Instituto de Emprego e Formação Profissional

Dr. Francisco d’Aguiar

Member

AICEP Portugal Global

Dr. Artur Pereira

Member

Agência de Inovação

Member

Programa Operacional Regional de Lisboa

Engº João Teixeira

Member

Programa Operacional Regional do Algarve

Engº David Santos

Member

PME Investimentos (Sociedade Gestora)

Dr. Marco Fernandes

Role

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.

Representation

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.

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