What is state entity?
State entities are another way used by the State to develop business activities. They are those companies that are created after a law of qualified quorum authorizes the State to develop a certain business activity and mandates two bodies of the State Administration, normally Corfo and the Chilean Treasury, to concur to constitute a company that will adopt the form of private companies (corporations, joint stock companies or other), The company will be governed by the rules applicable to the respective type of company in all matters relating to its corporate governance, i.e., in relation to the powers and responsibilities of the different levels of its administration, namely, shareholders' meetings, board of directors and general management.