New Corporate Governance Code for State-Owned Companies and Enterprises

New Corporate Governance Code for State-Owned Companies and Enterprises

Through Resolution 131/2026, the Office of the Comptroller General of the Nation (SIGEN) approved a new Model Corporate Governance Code.

Who does it apply to?

◻️ It must be adopted by companies and enterprises with state participation.

◻️ Excluded are those that, due to making a public offering of securities, are subject to the public offering transparency regime (Law No. 26,831), financial institutions under the supervision of the Central Bank of the Argentine Republic (BCRA), and insurance companies regulated by the National Superintendence of Insurance.

What does this new model entail?

It promotes greater transparency and accountability, strengthens internal control mechanisms, encourages decision-making based on technical and sustainability criteria, and reinforces standards of ethics, conflict-of-interest prevention, and compliance.

Why is it relevant for the private sector?

For suppliers, strategic partners, and competitors, a clearer and more transparent regulatory framework in the public sector creates more level and predictable playing conditions.

The adoption of good governance codes is key to aligning public management with the standards of efficiency and integrity required by today’s global market.