Who represents the interest of the State in State-Owned enterprises (SOEs)? (shareholder role)
In the case of SOEs created by law (and which are not under the interference of the SEP), this role is generally exercised by the President of the Republic through the corresponding minister. For example, in Codelco this role can be delegated to the Ministers of Finance and Mining (Articles 11 A and 11 B of DL 1350). In the case of ENAP, this power is exercised through the Ministers of Finance and Energy (article 14 of DFL 1/1986).
In the case of State entities, the representation of the State is generally exercised by Corfo (through the SEP). In the companies created by law that are under SEP's interference (for example, port companies), the representation of the State is also exercised by Corfo through SEP.
In other words, the representation of the State's interests is exercised, in some cases in a decentralized manner; that is, by the sectoral ministries and in the case of the SEP companies, the representation of the State's interests is exercised in a centralized manner.