Other Events ·
Braskem amends shareholders' agreement with Petrobras and Shine Fund to shift bankruptcy filing authority to board
BAKBraskem SA
Braskem S.A. filed a first amendment to its Shareholders' Agreement between Petrobras and the Shine I Multi-Strategy Equity Investment Fund. Key changes include shifting the authority to file for extrajudicial recovery or bankruptcy from the General Meeting to the Board of Directors, restructuring the Executive Board to include a Transformation Officer, and allowing cumulative compensation for directors serving on committees.