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They establish the mechanisms to designate authorities in companies and companies of the State


The national government established mechanisms for the designation of authorities and auditors of state companies and companies.through Decree 19 published this Friday in the Official Gazette that bears the signature of President Javier Milei and the Chief of the Cabinet of Ministers, Nicolás Posse.

The regulations maintain in their articles that “the appointment of directors or auditors of state companies, companies with state participation or any other business form where the State, in use of its rights of participation or representation”, who must designate authorities, will have to count “with the prior and express intervention of the Secretary of State Companies and Companies of the Head of the Cabinet of Ministers.”

Meanwhile, the jurisdictions in whose orbit these companies are located must refer to the Business Secretary -for their prior intervention and with a minimum of ten days prior to the assembly or act of appointment of directors or auditors of companies- the justification for the appointments must be accompanied by the candidate’s Curriculum Vitae and the information that is pertinent to accredit the suitability that the case warrants.

The text adds that “If necessary” the Secretariat “will nominate a new candidate” for the position that needs to be filled in any of the companies and companies of the State.

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The Business Secretary will be under the orbit of the Chief of Staff headed by Nicolás Posse.

Telam

“All the jurisdictions referred to must inform the Secretariat within a period of ten days of the publication of this document (…) the designations that they have made and are in force, of directors or auditors in state companies, companies with state participation or any another business form where the State, in use of its rights of participation or representation, must designate authorities”, is added in this Decree.

And in that sense, it is noted that, “In the event that the Secretariat does not ratify the informed designation within 20 days of notification, it will be left without effect.”

Furthermore, the regulations determine that “in order to process any appointment of highest authorities, auditors or directors of decentralized organizations, the jurisdiction in whose orbit they act must send the corresponding documentation for the prior intervention and agreement of the Chief of Staff.”

For this reason, State companies and societies are instructed to “establish a procedure for their prior intervention in the approval or modification of expense or investment budgets, strategic plans, purchases, contracts and tenders, as well as in the request for transfers of resources from the National Treasury and in the approval or modification of any other type of process” that is required.

It is also empowered “to the Chief of Staff or the body that she determines, to dictate the complementary and explanatory rules that are necessary.”





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