Brazil's Previ Pension Fund Drops Control Over Vale Chairperson Selection
Previ, Brazil's largest pension fund, announced it will no longer seek to control the selection of Vale SA's chairperson, favoring instead an independent board leader for the iron ore mining giant. The move marks a significant shift in Vale's corporate governance structure. Previ's hands-off approach signals a broader push for independence at one of the world's biggest mining companies.
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