Embrapa holds meeting to modify its bylaws

At an extraordinary general meeting, a representative of the Union, the sole holder of the company's shares, voted to change some provisions of the bylaws of Embrapa (Brazilian Agricultural Research Company).

The nomenclature of the composition of the board of directors and supervisory board was changed.

The approved changes were as follows:

Art. 1 - The Brazilian Agricultural Research Corporation - Embrapa, a public company linked to the Ministry of Agriculture and Livestock, is governed by this statute, especially by Law No. 5.851, of December 7, 1972, by Law No. 13.303, of 30 of June 2016, by Law No. 6.404, of December 15, 1976, by Decree No. 8.945, of December 27, 2016, and other applicable legislation.

[...]

Art. 26 - The company may maintain a permanent civil liability insurance contract in favor of the Administrators and Fiscal Councilors, in the form and extent defined by the Board of Directors, to cover procedural expenses and legal fees for judicial and administrative proceedings initiated against them , relating to their duties within the company.

[...]

Art. 28 - The Board of Directors is made up of 8 (eight) members, namely:

I - four members appointed by the Minister of State for Agriculture and Livestock, of which two must be independent members, in accordance with legislation;

II - a member appointed by the Minister of State for Management and Innovation in Public Services;

III - a member appointed by the Minister of State for Finance;

IV - a member appointed by the Minister of State for Science, Technology and Innovation; It is

V - a representative of the employees, in accordance with Law No. 12.353, of December 28, 2010.

§ 1 - The President of the Board of Directors and his replacement will be chosen at the first meeting of the body that occurs after the election of its members, and the President must be one of the members appointed by the Minister of State for Agriculture and Livestock.

[...]

Art. 30 - The Chairman of the Board of Directors is responsible for:

II - Interact with the Ministry of Agriculture and Livestock and other representatives of the controlling shareholder, in order to clarify the general orientation of the business, as well as issues related to the public interest to be pursued by the company, observing the provisions of article 89 of Law No. 13.303 /2016; It is

[...]

Art. 37 - The Fiscal Council will be composed of 3 (three) effective members and their respective substitutes, as follows:

I - one appointed by the Minister of State for Finance, as a representative of the National Treasury, who must be a public servant with a permanent link with the Federal Public Administration; It is

II - two appointed by the Minister of State for Agriculture and Livestock.

Embrapa's bylaws, consolidated until January 24, 2024, can be read at the link below