Public Companies Law

This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in 81 oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

Data and Resources

Additional Info

Field Value
Extractive Sector Oil and Gas
Country Ecuador
Year 2011
Natural Resource Charter Precept Precept 5: Local Effects, Precept 6: Nationally Owned Resource Companies, Precept 7: Revenue Distribution, Precept 9: Government Spending
Document Type Statute
RGI Sub-component Open data
RGI Questions 1.4a: What proportion of equity shares does the government own in extractive companies?,
1.4.3a: Is the SOE required to publicly disclose annual reports containing information on its finances and operations?,
1.4.3b: Do rules require a periodic audit of the SOE's financial statements by an external body?,
1.4.10b: Is the majority of the SOE's board of directors independent of the government (i.e. at least half of all board members do not hold positions in the current central government)?,
1.4.3c: Is the SOE required to submit annual reports to the legislature on its commercial, non-commercial (i.e. regulatory) and non-operational activities (i.e. activities not related to resource extraction)?,
2.2.4a: Do rules require that an external body periodically audit the transfers of extractive resource revenues to subnational governments?
Did this document contribute to RGI scoring? Used for scoring
Are the RGI questions here tagged with law and/or practice Law and
Practice (Both)
Publisher National Assembly
Author National Assembly
Source or API link http://www.espol.edu.ec/sites/default/files/archivos_transparencia/ley%20organica%20de%20empresas%20publicas.pdf
Version 2017 Resource Governance Index
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute