BRP in governance warning

Business Roundtable Portugal’s vice president António Rios Amorim, the CEO and chairman of one of the world’s largest cork producers Corticeira Amorim has warned this week that companies are seeing their margins squeezed because of inflation and interest rates.

However, in an interview with Jornal de Negócios he has dismissed claims that salary increases in Portugal are behind the current upward pressure on inflation.
Rios Amorim told the newspaper that he was against a four-day week in industry because companies first needed to make investments in technology and automation.
He said the association had created a model of scoring with five areas that he believes will give 250 or 300 companies a wake-up call that they need to become better qualified (both in terms of management skills and their staff) and improve their governance in order to be more productive and competitive which he says is not just a question of survival but also a waste of talent and effort if not done.
Business Rountable Portugal is a business association currently headed by Vasco de Mello and represents 41 of the largest Portuguese enterprise groups. Its main aim is to boost economic growth in Portugal while improving the conditions of workers to create a Portugal that is more prosperous and sustainable.