The former president of Petroperú, Alejandro Narvaezsent a notarized letter to the Minister of Economy, Denisse Miralles, and the president of the Council of Ministers, Ernesto Álvarez Miranda, in which he questions the legality of the procedure by which he was removed from office on October 17.
In the document, it requests that the decision adopted by the General Meeting of Shareholders be reviewed and argues that the formalities required by the law and the statute of the state company were not complied with.
The former official maintains that there is no formal record registered in the National Superintendency of Public Registries (Sunarp) that supports the decision nor technical reports that support it. According to his version, this omission “could contravene the principle of sufficient motivation” provided for in the administrative regulations, which — in his opinion — would affect the governance and reputation of the oil company in the markets.
Narváez also invoked article 47 of Petroperú’s statute, which establishes the staggered renewal of the board of directors, and warned that non-compliance could violate the standards of predictability and professionalization required by the Code of Good Corporate Governance.
In his letter, the former manager states that his removal could be “mistakenly” interpreted as a consequence of poor performance, and asks that the basis for the decision be publicly clarified. In addition, it warns of possible “institutional and reputational contingencies” if the procedure is not rectified.
The letter concludes with a formal request to the MEF to verify the existence of the General Meeting agreement, evaluate the technical motivation of the decision and adopt measures “to preserve legal security, corporate governance and the sustainability of the company.”
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