Petrobras promotes advances in the governance system

August 14, 2019

Petróleo Brasileiro S.A. – Petrobras informs that it continuously improves its governance system, in compliance with the best market practices, with the objective of strengthening internal controls and the efficiency of the decision making process, which is fundamental in a competitive business environment.

The company conducted a diagnosis, approved by the Executive Board and the Board of Directors (“B of D”), which evaluated benchmarks with its industry peers and other large and publicly traded companies, state or private. The study revealed that there were too many meetings of Petrobras B of D, as well as its statutory advisory committees.

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