Regulatory Alerts2016-05-31 | DOF 5439347Added · Updated
Agreement modifying the Organic Regulations of the National Bank of Public Works and Public Services, National Credit Society, Development Banking Institution
This agreement fully modifies the Organic Regulations of the National Bank of Public Works and Public Services (BANOBRAS), increasing its social capital to $20 billion pesos and restructuring its Board of Directors to include seven members representing Series A shares, five representing Series B shares, and two independent external directors. The regulations define the bank's development objectives, capital composition, share transfer restrictions, and governance rules, including conflict of interest prohibitions and grounds for director removal.
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