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Brazilian banker joins Founders Share Company

Thomson Reuters Founders Share Company announced on Friday that Brazilian banker Pedro Malan has joined the board. He is the first director from South America.

Malan is a former president of the Brazilian central bank and a former minister of finance for Brazil. He is currently chairman of the international advisory board, Itaú Unibanco Holding in Brazil.

Pehr Gyllenhammar, chairman of the Founders Share Company, said, “We are pleased with the diversity of our board, now representing five continents.”

Directors of the Founders Share Company act as trustees of the Thomson Reuters Trust Principles. These govern the way in which the company carries out business throughout the world.

The constitution of Thomson Reuters Corporation, ultimate parent company of the Thomson Reuters Group,  includes provisions to safeguard the principles. Thomson Reuters has issued the Founders Share Company with a single founders share which enables it to restrict any shareholder action which threatens the principles. ■

SOURCE
Thomson Reuters