The General Meeting of Shareholders (AGM) of Petroleum of Peru – Petroperú SA approved this Monday the modification of the statutes that govern its composition, in order to strengthen its corporate governance in line with the recommendations of the Arthur D. Little report.
Through an important fact raised to the Superintendency of the Securities Market (SMV), the oil company announced the update of its Social Statute, the Regulation of the Internal Regime of Organization and Functioning of the Board of Directors, and the regulations that govern the AGM itself. .
In a previous interview with La República, the president of the board of Petroperú, Pedro Chira Fernández, had announced that both the state company and the members of the JGA (ministry of Energy and Mines, and Economy and Finance) were working to materialize the recommendations of Arthur D. Little.
Among these proposed modifications is raising the bar for the appointment of directors, whose filter would be more exhaustive and would adjust to a competition based on meritocracy. Currently, part of the board is chosen at the discretion of the Government of the day.
Petroperú’s project is to strengthen itself at the corporate level to recover its investment grade, reopen to international credit and go out to sell shares starting in 2026.
The document prepared by the international consulting firm within a period of 6 months – at the request of the JGA itself – also recommends the operation of its own lots in Talara so that the company can become financially independent.
Source: Larepublica
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