The Role of the Independent Evaluator under Article 147 of the Chilean Corporations Law: Technical Standards, Practical Dilemmas, and Current Board Expectations
Transactions with related parties governed by Article 147 of the Chilean Corporations Law (Ley de Sociedades Anónimas, LSA) represent one of the most sensitive areas of corporate governance in Chile. These operations require a level of economic justification and transparency that goes far beyond formal compliance: they are a direct credibility test for the board….