By Lais Carregosa
Eletrobras has bypassed the governance understanding of Eletronuclear and expanded its power in the Board of Directors of the state-owned company.
On April 27, the privatized company succeeded in appointing two of its vice presidents as independent directors at Eletronuclear, despite a recommendation to the contrary from the governance of the state-owned company.
When it was privatized, Eletrobras signed a shareholder agreement with ENBPar (Empresa Brasileira de Participações em Energia Nuclear e Binacional), which allowed the company to appoint Eletronuclear's chief financial officer and two independent directors.
On March 20, the company appointed . . .
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