Brazil's JBS Sets Up Independent Governance Board for U.S. Unit

The U.S. subsidiary of Brazil۪s JBS SA, the world۪s largest meatpacker, has set up an independent board to handle issues of governance, regulation, risk-management and marketing, according to a Tuesday securities filing.The board will be composed of four members, including former U.S. House Speaker John Boehner, the filing said. JBS is planning to list the U.S.-based unit as it wrestles with a shareholder revolt over the role of the controlling Batista family in a massive graft scandal.