Chambers of Commerce Law

1. The Federation shall set criteria for the evaluation of chamber performance, to be approved by the Ministry. 2. Each chamber shall annually self-evaluate its performance in accordance with the approved evaluation criteria. The Regulations shall determine the manner of such evaluation. Said evaluation shall be reviewed by an independent consulting agency, and the results thereof shall be published as specified in the Regulations. 3. The Federation shall periodically survey subscribers to evaluate the performance of their respective chamber, and shall post the results of such survey on its website upon the Ministry’s approval. 4. If the evaluation results referred to in paragraph (2) of this Article fall below the limit set by the Regulations, the Minister may grant the board of directors a period not exceeding one year to rectify the situation. If the evaluation results remain below the set limit upon the lapse of said period, the Minister may restructure the board and grant the new board a grace period not Chambers of Commerce Law exceeding one year to rectify the situation. Part 2: Federation of Chambers Chapter 1: Formation and Duties