Decree 046, issued on January 30, 2024, aims to fortify the Conflict of Interest and Competence Regime for administrators by offering precise compliance guidelines and fostering transparency in their conduct.
Highlighted updates brought about by this Decree include:
- AExplicit definition of conflict of interest and conflict of competence regarding the society's activities.
- ACriteria for determining conflicts of interest.
- ARequirement for fiscal auditors to provide written reports on the occurrence of any such activities.
These improvements seek to furnish societies with a clearer and sturdier framework to meet the obligations of administrators, benefiting both the society and its shareholders.
