Minority shareholders of Electrificadora del Meta alerted about changes in the selection process for executives

TL;DR

Minority shareholders of Electrificadora del Meta are alerting about changes in the executive selection process promoted by the National Government.
They believe these changes could compromise the company's stability, transparency, and future.
The shareholders emphasize that decisions affecting leadership should be based on technical criteria, transparency, and strong corporate governance.
They warn that modifying rigorous selection processes could undermine impartiality, autonomy, and balance in decision-making.
The majority shareholder, representing over 55%, can approve reforms without minority consent, which minority shareholders see as a potential abuse of power.
The Grupo Energía Bogotá (GEB) urged the Attorney General's Office to exercise preventive oversight over the proposed statutory reform.
The GEB warns that changes promoted by the Ministry of Finance could constitute an abuse of corporate power and a setback for corporate governance.
The proposed reform, to be voted on March 25, 2026, is alleged to contradict principles of transparency, objectivity, neutrality, and administrative morality.

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