Which State bodies exercise control over State-Owned enterprises (SOEs)?
With respect to SOEs, the Ministry of Finance has jurisdiction over budgetary matters; the Office of the Contraloría General de la República in terms of limited legality control and as custodian and reviewer of the declarations of interests and assets of their directors and managers; the National Congress in terms of the power to request information from the companies and to periodically receive information from them; the Ministry of Social Development and Family, the Ministry of Finance and the Ministry of Economy, Development and Tourism in terms of the approval of the companies' investment projects; the competent bodies in matters of labor rights, such as the Labor Inspection; the Internal Revenue Service; the Comisión para el Mercado Financiero; the Comité Sistema de Empresas - SEP; the bodies of the institutional framework for the protection of the environment, such as the Superintendence of the Environment; and the ordinary and special courts of justice; and the Consejo para la Transparencia regarding compliance with the so-called Active Transparency by the public companies created by law.
Likewise, with respect to the SOEs that participate in activities in specific sectors, various sectorial bodies have jurisdiction, such as the Ministry of Transportation and Telecommunications, the Ministry of Mining, the Consejo Nacional de Televisión, the Comisión Chilena del Cobre, among others.