ISA elected its new board of directors amid strong questioning of Ricardo Roa, with 27% abstention
The General Shareholders' Meeting of Interconexión Eléctrica S.A. (ISA) formalized the election of its Board of Directors for the period from April 2...
TL;DR
- ISA's General Shareholders' Meeting elected a new Board of Directors for the April 2026 - March 2028 period.
- Ecopetrol, owning 51.4% of ISA, secured a dominant position on the new board.
- The proposed slate was approved with 64% of votes, but saw 7% against and a notable 27% abstention.
- Minority shareholders and EPM voiced strong objections regarding the moral solvency and independence of candidates like Ricardo Roa, citing past issues and investigations.
- Despite concerns, the board composition was deemed compliant with independence and gender diversity requirements.
- The election occurred amidst scrutiny following a previous annulment of ISA's former president's election due to administrative morality violations.