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Brazil's JBS sets up independent governance board for U.S. unit
August 29, 2017 / 12:14 PM / 2 months ago

Brazil's JBS sets up independent governance board for U.S. unit

FILE PHOTO: The logo of Brazilian meatpacker JBS SA is seen in the city of Jundiai, Brazil June 1, 2017. REUTERS/Paulo Whitaker/File Photo

SAO PAULO (Reuters) - The U.S. subsidiary of Brazil’s JBS SA, the world’s largest meatpacker, has set up an independent board to handle issues of governance, regulation, risk-management and marketing, according to a Tuesday securities filing.

The board will be composed of four members, including former U.S. House Speaker John Boehner, the filing said.

JBS is planning to list the U.S.-based unit as it wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal.

Reporting by Bruno Federowski

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