Chapter VI · Management, supervision and company secretary · Section V · General and supervisory board

Article 434 Composition of the general and supervisory board

Artigo 434.º · Composição do conselho geral e de supervisão

Código das Sociedades Comerciais · Decree-Law No. 262/86 · consolidated text checked 26 October 2026

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1. The general and supervisory board referred to in Article 278(1)(c) consists of the number of members laid down in the articles of association, which must always be greater than the number of directors.

1 - O conselho geral e de supervisão, a que se refere a alínea c) do n.º 1 do artigo 278.º, é composto pelo número de membros fixado no contrato de sociedade, mas sempre superior ao número de administradores.

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2. (Repealed.)

2 - (Revogado.)

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3. The second part of Article 390(3) and Article 390(4) and (5) apply.

3 - Aplica-se o disposto na segunda parte do n.º 3 e nos n.os 4 e 5 do artigo 390.º.

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4. Article 414(4) to (6) and Article 414-A apply to the composition of the general and supervisory board, with the exception of point (f) of Article 414-A(1), save as regards the committee provided for in Article 444(2).

4 - À composição do conselho geral e de supervisão são aplicáveis os n.os 4 a 6 do artigo 414.º e o artigo 414.º-A, com excepção do disposto na alínea f) do n.º 1 deste último artigo, salvo no que diz respeito à comissão prevista no n.º 2 do artigo 444.º

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5. Without authorisation from the general meeting, members of the general and supervisory board may not, on their own account or on behalf of others, carry on an activity in competition with the company, hold office in a competing company or be appointed on behalf of, or as a representative of, such a company.

5 - Na falta de autorização da assembleia geral, os membros do conselho geral e de supervisão não podem exercer por conta própria ou alheia actividade concorrente da sociedade nem exercer funções em sociedade concorrente ou ser designados por conta ou em representação desta.

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6. The authorisation referred to in the preceding paragraph must lay down the rules governing access to sensitive information by the board member concerned.

6 - A autorização a que se refere o número anterior deve definir o regime de acesso a informação sensível por parte do membro do conselho.

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7. For the purposes of paragraphs 4 and 5, Article 254(2), (5) and (6) apply.

7 - Para efeitos do disposto nos n.os 4 e 5, aplica-se o disposto nos n.os 2, 5 e 6 do artigo 254.º

What we checked in this article

The rule that membership must always exceed the number of directors, the cross-references to Articles 390, 414, 414-A and 254 (including the exception for Article 414-A(1)(f) and its carve-back for the Article 444(2) committee), and the non-compete rule absent general meeting authorisation 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.

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