A report submitted last Tuesday to President Daniel Noboa, on the proceedings for closure of the Company for the Coordination of Public Enterprises (EMCO)suggests two previous moments for implementation liquidation and shutdown entities.

A summary document shared with EL UNIVERSO shows that the first moment reform Article 7 of the Organic Law of Public Enterprises, since the rule establishes that the chairman of the board of directors of EMCO also presides directories of public companies executive functions.

This step “it is necessary and necessary” before President Nobo issues a new executive order ordering the initiation of liquidation and shutdown, according to a report presented by Jorge Benavides, chairman of EMCO’s board of directors.

The second point is that the Management Board of the Coordination Society must resolve and approve the liquidation of the institution, which it must do define If the closure fits the company stopped meeting its goals or goals, or if its action is already it’s not convenient from from the point of view of the national economy or public interest, and whenever their merger is not possible.

Once reasons for liquidation and termination, the President of EMCO must call a meeting of the Board to hear and resolve the report on the proposed liquidation.

In the text that this newspaper had access to, it is mentioned six recommendations so that the head of state can have, after the reform of the Law on Public Companies:

The report signed by Jorge Benavides also includes management report 2023 companies and the elaboration of EMCO powers.

On November 28, by Executive Decree 37, President Daniel Noboa asked the Chairman of the Board of Directors of the Coordination Company to implement studies and analyses it is necessary to determine the indicated procedure for the liquidation and removal of EMCO.

Currently, the institution coordinated by twelve public companies Executive functions and also supervises the liquidation processes of six others.