Summary by Futu AI
Petrobras, officially known as Petróleo Brasileiro S.A., has announced a series of proposed changes to its bylaws, reflecting updates to the denomination of ministries mentioned within. The changes are in response to the reorganization of the organs of the Presidency of the Republic and the ministries, as well as the linking of indirect federal public administration entities. The proposed amendments include the renaming of the Ministry of Economy to the Ministry of Management and Innovation in Public Services, which is guaranteed the right to nominate one member of Petrobras' Board of Directors. Additionally, the Ministry of Finance is also assured the right to appoint a representative to the company's Fiscal Council. These updates are in line with recent legislative changes, specifically Law No. 14,600 and Decree No. 11,401. The proposed bylaw reforms will be submitted for consideration at the General Shareholders' Meeting. The announcement also includes a comparative table detailing the proposed changes, a copy of the bylaws with the proposed amendments, and the consolidated bylaws for review.