August 29, 2017 / 12:14 PM / in a year

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

SAO PAULO, Aug 29 (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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