1. The board of directors is responsible for managing the company’s activities and is required to defer to the shareholders’ resolutions or to the interventions of the supervisory board or the audit committee only in the cases in which the law or the articles of association so provide.
1 - Compete ao conselho de administração gerir as actividades da sociedade, devendo subordinar-se às deliberações dos accionistas ou às intervenções do conselho fiscal ou da comissão de auditoria apenas nos casos em que a lei ou o contrato de sociedade o determinarem.
2. The board of directors has exclusive and full powers to represent the company.
2 - O conselho de administração tem exclusivos e plenos poderes de representação da sociedade.
The limitation of shareholder and supervisory intervention to cases set by law or the articles and the board's exclusive and full powers of representation are retained.
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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.