Representation of non-resident Board of Directors members
Under Brazilian law, members of the Board of Directors of Brazilian companies may reside outside of Brazil. In such cases, however, those members must grant powers (by means of a power of attorney) to an individual residing in Brazil to receive service of process on their behalf. Such power of attorney must remain in force for at least three years following the end of the term of office. Adglobal can appoint one of its members to act as the resident representative of Board of Directors members.






