Chambers of Commerce Law

An appointed or nominated member of a chamber board of directors shall: 1. have at least 10 years of experience, or at least five years if he holds a bachelor's degree or its equivalent; the Regulations shall specify the required experience; 2. have a valid registration in the commercial register for at least the last three years prior to nomination or appointment and pay the annual subscription fees; 3. not have been convicted of a crime impinging on honor or integrity, unless expunged from his record; 4. not be a member of another chamber board of directors; 5. not be a relative of any of the nominees; the Regulations shall determine the degree of kinship and priority for nominees who are relatives; and 6. provide a signed statement by which he undertakes to commit to membership objectives; comply with laws, regulations, and membership terms; avoid conflict of interests; and assist the board of directors in carrying out its duties.