Independent Director — Novo Mercado Migration
Brazil·Agribusiness & Food·Posted 1 September 2026
B3-listed agribusiness group migrating to Novo Mercado
Actively sourcing
A demand profile the Exchange is actively sourcing against. The sponsor is not confirmed on this board, and we say so rather than implying a signed mandate. Registering interest puts you in front of the sponsor when the brief converts.
The problem this seat exists to solve
The company is migrating to Novo Mercado and must assemble a board with at least two independent directors or twenty per cent, whichever is greater, separate the chair and chief executive, and stand up an audit committee — on the timetable the migration sets.
The remit
- Serve as an independent director on a board being reconstituted for the top listing segment
- Establish the audit committee's charter and its relationship with the conselho fiscal
- Oversee the group's exposure to importing-market due-diligence and deforestation regimes
- Support the separation of the chair and chief executive roles
What the sponsor will not compromise on
- Independence under the Novo Mercado criteria
- Agribusiness, commodities or food supply-chain governance experience
- Familiarity with importing-market traceability and due-diligence regulation
- Portuguese strongly preferred; corporate acts are registered in Portuguese in every case
Terms
- Engagement
- Two-year board term, renewable.
- Compensation
- BRL 260,000 – 400,000 a year, within the global cap approved by the general meeting.
- Cross-border
- Law 14.195/2021 removed the residency requirement for board of directors members. A non-resident appointee needs a CPF and a Brazilian-resident attorney-in-fact to receive service of process.
- Time commitment in this market
- Typically 8–12 board meetings a year plus committees; Brazilian boards meet more often than the Latin American average and audit committees considerably more.
Before you apply — Brazil
Since Law 14.195/2021 a non-resident may serve on the board of directors. The requirement is a Brazilian-resident attorney-in-fact to receive service of process, not residence by the director.
- Residency test
- None on a board of directors member, provided a representative resident in Brazil is appointed to receive service of process on the director's behalf, with a power of attorney valid for at least three years after the end of the term. Members of the diretoria (executive board) must still reside in Brazil.
- Nationality test
- None.
- Work authorisation
- A non-resident non-executive director attending board meetings travels on a business visa. An executive role on the diretoria requires residence and the corresponding permanent visa for a company administrator.
- Tenure limit once appointed
- No statutory cap. Board terms run for up to two years and are renewable; the Novo Mercado regulation and the IBGC Code address long tenure through disclosure and board evaluation rather than a hard limit.
Global ID Exchange
One registration. Every market your record travels to.
Registering against a single brief is fine. Registering once against your whole profile means you are read against every mandate that opens in the markets you can actually be appointed in — statutory, interim and advisory.