The National Institute of State Business Assets (INAEE) published on Wednesday the , integration, and functioning of the Governing Boards as auxiliary executive bodies of the organization, in the , on pages 41 to 43.
The regulation, issued on July 24, 2026, defines these Boards as "collegiate management bodies that do not interfere with business autonomy," whose creation and operation are adapted to the classification of the companies they serve.
According to the text of the resolution, the Governing Boards consist of an odd number of members, with a minimum of five and a maximum of seven, appointed by the INAEE or by the representative of the owner at the local level. To exceed this limit in boards created at the local level, prior authorization from the INAEE is required.
Members are appointed for five years, with the possibility of reappointment for additional terms. Grounds for termination include the expiration of the term without reappointment, failure to perform duties, conflict of interest, and voluntary resignation.
Among the responsibilities of these boards are approving the strategic projection of the corresponding business group or company, endorsing proposals for strategic investments, periodically evaluating compliance with key performance indicators, and overseeing policies regarding state-owned property and business assets.
The Boards also have the authority to evaluate applications for subsidies due to losses and to endorse their relevance, as well as to approve the amount that companies must contribute to cover the expenses of the business group to which they belong.
Regarding the operation, sessions —ordinary or extraordinary— must be called with at least five business days notice, attaching the agenda and relevant documentation. For a meeting to take place, the attendance of more than 50% of the members is required.
The INAEE was established by the on January 6, 2026, as an entity directly subordinate to the Council of Ministers, tasked with overseeing the transformations and development of the Cuban state enterprise system.
The legal framework supporting Resolution 3/2026 includes the , approved on July 14, 2026, by the Council of State, whose Chapter VIII establishes the figure of the Governing Boards as auxiliary executive bodies of the INAEE.
The Ordinary Gazette No. 72 of 2026 groups a total of five regulations related to the reform of the state enterprise system: the Decree Law 120 itself, the regarding financial and tax procedures, and Resolutions 1, 2, and 3 of the INAEE, which regulate respectively the organizational movements and social purpose, the system of financial relationships with the State, and the organization of the Boards of Government.
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