1. The general and supervisory board has no powers to manage the company’s activities, but the law and the articles of association may provide that the executive board of directors must obtain the prior consent of the general and supervisory board in order to carry out certain categories of acts.
1 - O conselho geral e de supervisão não tem poderes de gestão das actividades da sociedade, mas a lei e o contrato de sociedade podem estabelecer que o conselho de administração executivo deve obter prévio consentimento do conselho geral e de supervisão para a prática de determinadas categorias de actos.
2. If the consent provided for in the preceding paragraph is refused, the executive board of directors may submit the disagreement to the general meeting for a resolution; the resolution by which the general meeting gives its consent must be adopted by a majority of two thirds of the votes cast, unless the articles of association require a higher majority or other requirements.
2 - Sendo recusado o consentimento previsto no número anterior, o conselho de administração executivo pode submeter a divergência a deliberação da assembleia geral, devendo a deliberação pela qual a assembleia dê o seu consentimento ser tomada pela maioria de dois terços dos votos emitidos, se o contrato de sociedade não exigir maioria mais elevada ou outros requisitos.
The absence of management powers, the prior-consent mechanism, referral to the general meeting with a two-thirds majority of votes cast (unless a higher majority or other requirements apply) and the reduction of the Article 377(4) periods to 15 days are retained.
We advise on Portuguese company law in English every day: formation, capital, members’ resolutions, managers’ liability and restructuring. A written answer and a fixed quote within one working day.
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.