Petrobras

Petrobras – Approval of Dividends Policy and Appointment Policy for Board of Directors, Executive Officers and Fiscal Council members

Rio de Janeiro, September 28, 2016 – Petróleo Brasileiro S.A.  – Petrobras hereby announces that its Board of Directors approved, at a meeting held today, the Dividends Policy and Appointment Policy for members of the Executive Board, Fiscal Council, Board of Directors of Petrobras and external participants who integrate its advisory committees.

The Dividends Policy is based on the provision set forth in the Company’s Bylaws and in Law No. 6404/76 (Brazilian Corporations Law).

The Appointment Policy establishes minimum requirements and hindrances for appointing members for the Executive Board, Fiscal Council, Board of Directors and its Committees. The Statutory Committee of Compensation and Succession is responsible for carrying out the compliance analysis of this process.

These policies are pursuant to Law 13303/16 of June 30, 2016, which provides for the legal status of public companies, joint stock companies and their subsidiaries, and represent a further contribution to strengthen the corporate governance at Petrobras, now being part of its Code of Good Practices.

The documents can be accessed on the Web, at CVM’s website (www.cvm.gov.br) or at the Company’s website (http://www.petrobras.com.br/ri).

Categories: Petrobras

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