According to the Law No. 6.404 from Dec 15th, 1976, a joint stock company must have three organs, of deliberative or executive nature: the general meeting, the board of directors and the board of officers; besides being able to count on a fourth organ, the Board of Auditors. It is up to the board of auditors to oversee the directors’ acts and check the fulfillment of their legal and statutory duties. The Newsletter presented by Almeida Advogados shows the singularities of this organ and its importance to the joint stock company; even though its operation is facultative, it becomes permanent to the companies that choose to activate it, because of its importance to the good functioning of the company.
See the complete study clicking here.
We wish you a good reading!
Almeida Advogados´ Team