Company: PBR
Filing Date: 2025-03-14
Form Type: 6-K
Source: 0001292814-25-000909
Chunk: 44

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-03-14
Form: 6-K
Chunk 44
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run by a Board of Directors, with deliberative functions, and an Executive Board.

Sole Paragraph.Pursuant to the legal
rules related to indirect public administration, the managers must guide the Company's operations in compliance with the principles and
best practices adopted and developed by national and international institutions and forums that are reference in corporate governance.

Art.18 –The Board of Directors
shall be composed of at least 7 (seven) and at most 11 (eleven) members, whereas the General Shareholders Meeting shall appoint among
them the Chair of the Board, all of whom with a unified term of office that may not be greater than 2 (two) years, whereas reelection
is permitted.

§1–Once the unified management
term of its members is respected, the composition of the Board of Directors shall be alternated to allow constant renewal of the body,
without compromising history and experience regarding the Company’s business, subject to the following rules:

I –The Company’s president,
as well as members elected by the minority shareholders, the

preferred shareholders and the employees
shall not participate in the rotation;

II –20% (twenty percent) of
the remaining board members shall be renewed every 4 (four) years. If this results in a fractional number of members, it will be rounded
to the next higher integer.

§2 –In the case of vacancy
in the post of CEO of the Board, the substitute shall be elected at the first ordinary meeting of the Board of Directors until the next
General Meeting.

§3 –The member of the
Board of Directors appointed pursuant to the caput of this article may be reelected up to three (3) consecutive times.

§4 –In the case of a member
of the Board of Directors elected by the employees, the limit for reelection shall comply with current laws and regulations.

§5–The Board of Directors shall be formed by at least 40% (forty percent) independent members, considered therein the member elected by employees, whereas the independence criteria shall comply with the provisions of article 22, §1, of Law Nº 13,303, of June 30, 2016, article 36, §1 of Decree Nº 8,945, of December 27, 2016, and the Level 2 Regulation and the current regulations of the CVM,adhering to the most stringent criteria in case of any discrepancies between the rules.

§6 –The Board of Directors
shall