{"id":6930,"date":"2023-12-13T01:35:16","date_gmt":"2023-12-13T01:35:16","guid":{"rendered":"https:\/\/mpcp-advogados.com\/?p=6930"},"modified":"2024-09-10T16:56:41","modified_gmt":"2024-09-10T16:56:41","slug":"responsibility-of-managers-and-administrators-towards-society","status":"publish","type":"post","link":"https:\/\/mpcp-advogados.com\/en\/responsibility-of-managers-and-administrators-towards-society\/","title":{"rendered":"Responsibility of managers and administrators towards Society"},"content":{"rendered":"<div id=\"fws_69df5dc759cfb\"  data-column-margin=\"default\" data-midnight=\"dark\"  class=\"wpb_row vc_row-fluid vc_row\"  style=\"padding-top: 0px; padding-bottom: 0px; \"><div class=\"row-bg-wrap\" data-bg-animation=\"none\" data-bg-overlay=\"false\"><div class=\"inner-wrap\"><div class=\"row-bg viewport-desktop\"  style=\"\"><\/div><\/div><\/div><div class=\"row_col_wrap_12 col span_12 dark left\">\n\t<div  class=\"vc_col-sm-12 wpb_column column_container vc_column_container col no-extra-padding inherit_tablet inherit_phone\"  data-padding-pos=\"all\" data-has-bg-color=\"false\" data-bg-color=\"\" data-bg-opacity=\"1\" data-animation=\"\" data-delay=\"0\" >\n\t\t<div class=\"vc_column-inner\" >\n\t\t\t<div class=\"wpb_wrapper\">\n\t\t\t\t\n<div class=\"wpb_text_column wpb_content_element\" >\n\t<div class=\"wpb_wrapper\">\n\t\t<h3>Responsibility of managers and administrators towards the Company \u2013 Possibility of exclusion of liability.<\/h3>\n<p>&nbsp;<\/p>\n<div>\n<p>Managers or administrators are responsible to society for damages caused to it<br \/>\nas a result of acts or omissions carried out by them in breach of their duties (legal or<br \/>\ncontractual) to which they are subject, unless they prove that they acted without fault, as<br \/>\nresults from article 72, paragraph 1 of the Commercial Companies Code (CSC). Therefore, under the terms of no.<br \/>\n2 of art. 71st, this responsibility is removed whenever managers or administrators prove to have<br \/>\nacted in informed terms, free from any personal interest and according to criteria of rationality<br \/>\nbusiness<\/p>\n<p>Thus, in accordance with paragraph 2 of art. 71 of the CSC, a business judgment rule is foreseen, a<br \/>\nrule according to which the decisions of administrators, within the discretion of the activity<br \/>\nof management of limited liability companies, are presumed correct, and it is up to whoever<br \/>\nwants to hold them responsible for the consequences of any non-compliance, prove that the<br \/>\nadministrators in question have violated any of the duties to which they are legally or contractually (for<br \/>\nexample, in the Company&#039;s Articles of Association) are obliged.<\/p>\n<p>It is then worth asking: What is necessary to prove to activate the responsibility of<br \/>\nQuota companies or directors of public limited companies in this type of<br \/>\nnon-compliance?<\/p>\n<p>The business rationality that the letter of the law calls for materializes in decision-making<br \/>\nreasonable. But what is the criterion to define whether we are facing a reasonable decision? A decision will be<br \/>\nreasonable when the administrator has opted for a possible alternative, capable of serving the interests<br \/>\nof society. Conversely, whenever the decision that the administrator takes goes beyond the<br \/>\ncorporate discretion, in such a way that it is not configured as rationally capable of<br \/>\nsatisfaction of the Society&#039;s interest, there will necessarily be a breach of duties of care and<br \/>\nconsequently responsibility of the administrator in light of art. 72.\u00ba, no. 1 of the CSC.<\/p>\n<p>In other words, administrators immediately have an obligation to comply with the Law (including<br \/>\nthe CSC, which provides for a wide range of administrative and even criminal offenses) and the Statutes<br \/>\n(including, carrying out acts that are included in the Object of activity defined by the partners). Any<br \/>\nadministrator of a commercial company must assume the obligation to try not to waste the<br \/>\nsocial heritage (for example, acquiring a useless patent for the company or purchasing<br \/>\nworthless shareholdings). On the other hand, administrators must know how to guard against<br \/>\ndisproportionate risk in relation to the Company&#039;s asset capacity, which translates into the circumstance of<br \/>\nThe sustainability of society can never be jeopardized by a single poorly made decision,<br \/>\n(for example, investing 4\/5 of the company&#039;s assets in the acquisition of high-risk shares).<\/p>\n<p>Along these lines, Portuguese Law has understood that administrators have an obligation to<br \/>\nmeans and not necessarily results, your decision is not required to be a success, it is required<br \/>\nadministrators must obtain reasonable information in the decision-making process and take<br \/>\nreasonable, sustained and appropriate decisions, avoiding decisions devoid of a<br \/>\ncoherent explanation or plausible foundation.<\/p>\n<p>This means that the Company that may wish to hold its managers and<br \/>\nadministrators, must prove in a sufficient and unequivocal way that the decision in which the<br \/>\nresponsibility is assessed, it was a decision devoid of business rationality, under the terms<br \/>\npreviously exposed. *<\/p>\n<p>* This article is for informational purposes only and does not preclude the need for<br \/>\nadvice from a lawyer.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n\t<\/div>\n<\/div>\n\n\n\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Os gerentes ou administradores s\u00e3o respons\u00e1veis para com a sociedade pelos danos a esta causados em resultado dos atos ou omiss\u00f5es&#8230;<\/p>","protected":false},"author":3,"featured_media":6648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[28,49,34],"tags":[47,48],"class_list":{"0":"post-6930","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investimento-negocios","8":"category-mpcp","9":"category-societario","10":"tag-mpcp","11":"tag-sociedade"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - 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