PEMEX U-TURN.Just months after the surprise presidential designation of several of Mexico's most successful and well-known businesspeople to the Administrative Board A comprehensive phrase that can refer to any Administrative Agency but usually means a public agency that holds hearings. An administrative board is usually obligated to represent the public interest; courts, in contrast, must remain impartial between the two parties of lethargic stateowned oil monopoly Petroleos Mexicanos (Pemex), President Vicente Fox announced their definite removal on May 1, and their appointment to a newly created advisory committee that does not enjoy voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. . In doing so, President Fox has chosen to avert an escalating political row with opposition parties that questioned the legality of such private-sector appointments. The board's replacements include prominent members of the public sector, such as National Foreign Trade Bank (Bancomext) General Director Jose] Luis Romero Hicks, Social Security (IMSS IMSS Instituto Mexicano del Seguro Social (Spanish: Mexican Social Security Institute) IMSS Istituto e Museo di Storia della Scienza (Italian) IMSS InterScan Messaging Security Suite ) Director Santiago Levy, Economy Secretary Luis Emesto Derbez, and Communications and Transport Secretary Pedro Cerisola Pedro Cerisola y Weber (b. March 3, 1949 in Mexico City) is a Mexican architect who served as Secretary of Communications under President Vicente Fox's administration. . |
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