Codelco will appeal to courts for its controversy with the Comptroller
The National Copper Corporation also referred to the questions about contracts with companies related to executives and executives of the state mining company.
The board of the National Copper Corporation (Codelco) agreed to bring to court the controversy generated by Video pornstar the latest pronouncements of the Comptroller General of the Republic (CGR), in order to clarify the normative framework that governs the company.
The company indicated that the decision to resort to justice was taken after the recent statements of Comptroller Jorge Bermúdez, according to Codelco, anticipate the rejection of the reconsideration presented by the copper company, "which makes difficult a solution by administrative means."
In addition, the board agreed to convene an extraordinary meeting on Monday, June 5, in which the status of the dispute with the CGR and additional measures to be taken by the company will be analyzed.
The opinions issued yesterday by comptroller Bermudez in presentations made in Congress, show that said authority understands that the CGR has powers to evaluate the merits of Codelco's business decisions, attributions with which the Corporation differs ... "
"The opinions issued yesterday by the comptroller Bermudez in presentations made in the Congress, show that said authority understands that the CGR has powers to evaluate the merits of Codelco's business decisions, attributions with which the Corporation differs, as they directly question the Role that the law has given to its corporate governance, difference that must be resolved by the courts, "he said.
In the opinion of the board of directors of the company, opting for the judicial path "will avoid greater damage to the institutions that produce heated statements, sometimes contradictory and that in no way contribute to strengthening the role of public company."
Contracts with companies
Regarding the information on contracts with companies related to executives and executives of Codelco for US $ 783 million, "this figure is born precisely from the interpretative difference that originates the controversy," said the state miner.
"The Comptroller says that Codelco would apply certain articles of the Public Procurement Law that would force it to report contracts with parties related to the CGR and the Chamber of Deputies. Meanwhile, the Corporation has been governed until now by the Public Limited Companies Act and the procedures that it determines for contracting with related companies, because the Procurement Law itself expressly exempts from its application to public companies created by law (Public Procurement Law), "he added.
The statements of the comptroller imply that his objection does not point to the existence of a patrimonial damage for the company, but indicates that the duty to inform the CGR and the Chamber of Deputies that the Public Procurement Law "
Concerning contracts with related parties, "the statements of the comptroller imply that his objection does not point to the existence of an inheritance damage for the company, but indicates that the duty to inform the CGR and the Chamber of Deputies Notes the Public Procurement Law. In addition, it should be kept in mind that these contracts are subject to the controls, legal requirements and procedures that the Corporations Act envisages to ensure that they are carried out in the interest of the company, "said the Corporation.
"As long as this legal controversy continues, Codelco's board of directors has instructed management to manage the company by taking the safeguards so as not to expose its executives and professionals to decisions in matters where uncertainty has arisen as a result of the Comptroller's interpretation , Seeking to affect in the least possible measure the good operation of the company, "he said.
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The board of the National Copper Corporation (Codelco) agreed to bring to court the controversy generated by Video pornstar the latest pronouncements of the Comptroller General of the Republic (CGR), in order to clarify the normative framework that governs the company.
The company indicated that the decision to resort to justice was taken after the recent statements of Comptroller Jorge Bermúdez, according to Codelco, anticipate the rejection of the reconsideration presented by the copper company, "which makes difficult a solution by administrative means."
In addition, the board agreed to convene an extraordinary meeting on Monday, June 5, in which the status of the dispute with the CGR and additional measures to be taken by the company will be analyzed.
The opinions issued yesterday by comptroller Bermudez in presentations made in Congress, show that said authority understands that the CGR has powers to evaluate the merits of Codelco's business decisions, attributions with which the Corporation differs ... "
"The opinions issued yesterday by the comptroller Bermudez in presentations made in the Congress, show that said authority understands that the CGR has powers to evaluate the merits of Codelco's business decisions, attributions with which the Corporation differs, as they directly question the Role that the law has given to its corporate governance, difference that must be resolved by the courts, "he said.
In the opinion of the board of directors of the company, opting for the judicial path "will avoid greater damage to the institutions that produce heated statements, sometimes contradictory and that in no way contribute to strengthening the role of public company."
Contracts with companies
Regarding the information on contracts with companies related to executives and executives of Codelco for US $ 783 million, "this figure is born precisely from the interpretative difference that originates the controversy," said the state miner.
"The Comptroller says that Codelco would apply certain articles of the Public Procurement Law that would force it to report contracts with parties related to the CGR and the Chamber of Deputies. Meanwhile, the Corporation has been governed until now by the Public Limited Companies Act and the procedures that it determines for contracting with related companies, because the Procurement Law itself expressly exempts from its application to public companies created by law (Public Procurement Law), "he added.
The statements of the comptroller imply that his objection does not point to the existence of a patrimonial damage for the company, but indicates that the duty to inform the CGR and the Chamber of Deputies that the Public Procurement Law "
Concerning contracts with related parties, "the statements of the comptroller imply that his objection does not point to the existence of an inheritance damage for the company, but indicates that the duty to inform the CGR and the Chamber of Deputies Notes the Public Procurement Law. In addition, it should be kept in mind that these contracts are subject to the controls, legal requirements and procedures that the Corporations Act envisages to ensure that they are carried out in the interest of the company, "said the Corporation.
"As long as this legal controversy continues, Codelco's board of directors has instructed management to manage the company by taking the safeguards so as not to expose its executives and professionals to decisions in matters where uncertainty has arisen as a result of the Comptroller's interpretation , Seeking to affect in the least possible measure the good operation of the company, "he said.
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