Petrobras creates special committee amid corruption allegations

• Petrobras (NYSE:PBR) has authorized the creation of a special committee that will serve as a reporting line for an existing independent internal investigation amid ongoing corruption allegations.
• PBR says the committee will consist of three people, including a former president of Brazil's Supreme Court, a former chief compliance officer at Siemens, and PBR's newly created chief of compliance, risk and governance.
• PBR says the committee will be responsible for certain tasks, including the approval of the investigation plan.