Chambers of Commerce Law

The meetings of the chamber board of directors shall be deemed valid if attended by more than half of its members, provided the chairman or one of his deputies is among the attendees. In the absence of a quorum, the meeting shall, pursuant to a decision by the chairman or one of his deputies, be adjourned for a period not less than five days and not more than 10 days. In such case, the meeting shall be deemed valid if attended by at least one-third of the members, provided the chairman or one of his deputies is among the attendees. In the absence of a quorum for the second time, the meeting shall be adjourned, following the same procedure of the first adjournment. In this case, the meeting shall be deemed valid regardless of the number of attendees, provided the chairman or one of his deputies is among the attendees. Said meeting shall be attended by a representative from the Ministry. If the meeting is not held, the Ministry’s representative shall include a note to this effect in his report, and the Ministry shall take the necessary actions.