Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 153

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 153
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Annual Report and Form 20-F 2024 |

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Annual Report and Form 20-F 2024 |
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Annual Report and Form 20-F 2024 |

Additional Information on our Board of Directors and Executive Officers
 
Requirements for Election
 Our bylaws (as amended by the Extraordinary Shareholders Meeting dated April 25, 2024) provide that the election of Board Members and Executive Officers shall follow the requirements and restrictions provided by Law No. 6.404/76, Law No. 13.303/2016 and Decree No. 8945/16, as well as our Nomination Policy. Thus, in order to be elected, each of our executive officers and each member of our Board of Directors must:

–                                                  not                                               
    be a defendant in any legal or administrative proceedings with an unfavorable ruling by appellate
           courts concerning a matter related to the activities to be performed in our company;      
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–                                                not                                             
    have commercial or financial pending issues claimed or included in official debtor registers,
                     although clarification on such issues may be provided to us;                
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–                                              demonstrate                                           
    diligence in solving issues raised in reports of internal or external control bodies in processes
                        and/or activities under their management, when applicable;                   
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–                                               not                                            
    have violated our Code of Ethical Conduct, Compliance Program or other internal rules, when
                                            applicable;                                        
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–                                               not                                            
    have been included in the disciplinary system of any of our subsidiaries or affiliates, nor
     have been subject to labor or administrative penalty in any other legal entity in the last
              three years as a result of internal investigations, when applicable; and         
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–                                              our                                            
    executive officers must have 10 years of experience in leadership, preferably, in business
                   or in a related area, as specified in our nomination policy.               
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Compensation
 Under our Bylaws, our shareholders establish the aggregate compensation, or allocate the compensation on an individual basis, payable to our directors, executive officers, members of our Fiscal Council and advisory committees to our Board of Directors. In case shareholders do not allocate the compensation on an individual basis, our Board of Directors is allowed to do so.
 For the