<img alt = "Banco do Nordeste (Photo: Wikimedia Commons)" height = "350" src = "https://s2.glbimg.com/8g-SwQ41fHZG1lQQxNUfuhobppo=/620×350/e.glbimg.com/og / ed / f /
Political Leaders of the Party Leaders, Banco do Nordeste and Banco da Amazônia (National Bank for Economic and Social Development) and Banco da Amazônia (National Bank for Economic and Social Development) Banks (BNB ) and Amazonia (Basa) will also have to adopt selective processes for the election of their directors – both banks will need to review their governance and hire headhunting companies to promote leadership exchange.
The decision was approved by the economic team of President Michel Temer and has the support of the future Minister of Economics, Paulo Guedes, whose policy is the modernization and the highest professional public banks.Guedes has already announced hisintend to deepen the changes already made to the status of Caixa and the two banks and to make further improvements. As with the Caixa, the BNB and Basa armored cars, with the creation of obstacles to political appointments to executive positions, are part of the new policy that attempts to correct management problems. Some of the measures, particularly those concerning sponsorship in management positions, find resistance in the political clbad.
This adjustment also implies a policy of appetite for risk. The proposal provides that an independent committee will establish the basis of the degree of risk that the bank must accept in the various credit operations. This policy reinforces armor and mitigates the financing risks of political pressures, as well as the promotion of structural adjustments in state-owned banks.
New Policy
following corruption cases revealed by the operation Lava Jato, with frauds during offers and diversion of billions of reals. As in oil, the adjustment of the bank began with the choice of leaders. The term of office is two years and can be extended up to three times. Its mandate does not coincide with that of the government. "The new government will find banking governance in line with best practices and in full compliance with legislation, especially with the state law," said Jeferson Luis Bittencourt, chairman of Banco do's board of directors. Northeast. According to him, since September, the Board of Directors has become competent to elect the entire Board of Directors with the support of a committee composed mainly of independent members who will proceed to a selection process concerning the choice of directors. The board may also hire a consulting firm, as is already done in Caixa. Basa did not respond to the report.
