This excerpt taken from the PBR 6-K filed Aug 31, 2005.
Introduction of a Complaints Procedure
(Rio de Janeiro, August 30, 2005). - PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a Brazilian international energy company, announces that it is making available, in a preliminary phase, a procedure for the receipt of complaints and other information relating to possible irregularities or improprieties in the accounting records and processes of the company, as well as other accounting and/or auditing issues.
From today on, any person including stockholders, employees, suppliers and customers of Petrobras or of companies under its control, that identifies the existence of an irregularity or impropriety regarding accounting and/or auditing issues may communicate it to the Audit Committee of the company by sending a message to firstname.lastname@example.org or mailing it to Av. República do Chile, 65 / 23rd Floor - CEP. 20.031-912 - Rio de Janeiro - RJ, to the Ombudsman. All relevant details should be supplied to allow investigation of the related facts.
If the complaint is made by a Petrobras employee, the company will guarantee the anonymity of the informant. When mail is used for correspondence, this should be sent in a sealed envelope. There is no need for the sender to provide identification.
These procedures will be implemented in all the countries where Petrobras and its subsidiaries operate, always taking into account local laws, including those rules that protect the rights of individuals referred to in the complaints.
Petróleo Brasileiro S.A PETROBRAS
Investor Relations Department
Raul Adalberto de Campos Executive Manager
Av. República do Chile, 65 - 4th floor
20031-912 Rio de Janeiro, RJ
(55-21) 3224-1510 / 9947
This document may contain forecasts that merely reflect the expectations of the Companys management. Such terms as anticipate, believe, expect, forecast, intend, plan, project, seek, should, along with similar or analogous expressions, are used to identify such forecasts. These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company. Therefore, the future results of operations may differ from current expectations, and readers must not base their expectations exclusively on the information presented herein.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 30, 2005
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually oc cur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.