“This government should not have made the decisions it did,” he said, although Duque denied that he had intended to strengthen the current board of directors of what is the main energy company in Colombia and the second in Latin America.
Ecopetrol tried to limit the impact of Gustavo Petro
In an extraordinary meeting of Ecopetrol shareholders, it was approved to extend the term of the current board of directors from two to four years, allowing it to be present at least until the first legislation of Gustavo Petro.
This action was criticized by the elected president of Colombia. “Don’t hold us back. He popular vote it is a mandate”, he remarked, and although he was open to “consensus”, he warned that he was not going to bend the popular vote that during the elections opted for the clean energies.
The current board is made up of nine shareholders, of which seven were elected by the outgoing government of Iván Duque. The company has defended that with this action it seeks to “protect minority shareholders” and achieve greater stability “so as not to generate panic in the stock markets.”
Source: Ambito
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