A member of the board cannot be a member of the council. The main purpose of the council is general planning of the activities of the joint-stock company and supervision of the activities of the board. The council shall provide the general meeting of stockholders with information concerning the results of supervision. The stockholders' meeting can establish remuneration for the council members. Like with regard to board members, the Code sets out restrictions on competition and liability for activities at variance with the law or articles of association.
Share capital is divided into shares, every shareholder is entitled to one share.
The Commercial Code sets forth the right of first refusal for shareholders in case a share is transferred to a third person who is not a shareholder. The right of first refusal shall be exercised within 1 month after a contract of sale has been presented to the limited liability company. The articles of associations may establish different rules of procedure. Shares of a limited liability company can be pledged or encumbered with a usufruct unless otherwise set forth in the articles of association. Should only a part of the share be transferred, the consent of other shareholders is required, unless the articles of association have omitted the requirement for such consent.