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Brazil’s Caixa to change management structure amid corruption allegations

24th January 2018 7:42 am GMT
Brazil

Brazilian banking giant and lottery concession holder Caixa Economica Federal has adopted a new corporate governance structure in the face of corruption allegations.

The new governance rules were first drafted in 2016 and have now finally been approved by the company’s management and Brazil’s Ministries of Finance and Planning, a week after numerous executives at the bank were ordered to stand down.

The new structure for the company, which was established in 1861, includes the creation of a General Assembly [...]

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