Plural statutory auditor: the Supervisory Committee (art. 290 LGS)
Article 290 of the General Companies Law provides that a plural statutory auditor shall act as a collegiate body, the Supervisory Committee, keeping a minute book.
What article 290
Article 290 governs the collegiate statutory auditing body.
When the statutory auditor is plural, it shall act as a collegiate body and shall be called the 'Supervisory Committee.' The bylaws shall regulate its constitution and operation. It shall keep a minute book. A dissenting auditor shall have the rights, powers and duties set out in article 294.
Source: Law 19,550, art. 290 — InfoLEG (updated official text)
Commentary
In large companies (art. 299) the statutory auditor is plural and collegiate. An auditor who dissents retains all individual oversight powers, so that the majority cannot neutralize that oversight.
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