petrobras bod - ' independant collegial body' , page-2

anjo,

I also had similar thoughts re Petrobras being independent.

Fundamentally, when a corporate body has to get capex approved by their local congress:
(http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=405x31853)

I would not use the term "independent" for their directorship.

ultimately I'm not worried though - I know the partner beat out tough competition (including a confident and determined WPL)
I will be more concerned over MEO's ability to negotiate terms than choose desciptors

good find though