Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 174

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 174
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 Directors, and appropriate disciplinary measures and remedial actions may apply (according with applicable labor laws and internal policies).
 We continue to allocate significant resources to investigating allegations of misconduct and responding appropriately to investigative findings, and to improve our internal investigation procedures to ensure that investigations are conducted completely and efficiently and that disciplinary measures are imposed fairly, uniformly and promptly. We remain cooperative with the authorities, in an effort to uncover wrongdoing and hold those responsible accountable.
 Irrespective of the findings of our internal investigations, in order to mitigate potential risks of further non-compliance with our internal policies, we continue to develop and implement measures aimed at improving corporate governance, including those related to fraud and corruption.
  
Annual Report and Form 20-F 2024 |
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Corporate Governance of B3 – Level 2
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We are listed in the corporate governance Level 2 listing segment of the B3.
 Below are some of our corporate governance practices due to our listing on the Level 2 listing segment:
 
–   the roles of our minority committee are expanded;
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–   our Board of Directors is composed of at least 40% independent
                               members;                           
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–   we disclose an annual calendar of corporate events;
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–     we must assure 100% of tag along to holders of our preferred shares   
    – under the same conditions granted to holders of our common shares; and
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–                              our bylaws provide for arbitration as the dispute resolution method.                           
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    For                                                                                                                       
    more information about our corporate governance practices, see “Environment, Social and Governance – Corporate Governance”
    in this annual report.                                                                                                    

Annual Report and Form 20-F 2024 | 255
Shares and Shareholders
 
Our capital stock is composed of common and preferred shares, all without par value and denominated in reais. Under Brazilian Corporate Law, the number of our preferred shares may not exceed two-thirds of the total number of our shares.
 Our shares are negotiated on the B3 and registered in book-entry form. Banco Bradesco performs services of safekeeping and transfer of shares.
 Holders of our common shares are entitled to one voting right for each unit of common shares held. Holders of our preferred shares are not entitled to voting rights, except for: (i)