Chambers of Commerce Law

1. The Federation’s Board of Directors shall hold its first meeting within the period specified in the Regulations to elect its Chairman and his deputies from among its members. Elections shall be carried out by secret ballot for each position separately. Selection shall be determined by the absolute majority vote of attending members. If such majority is not achieved, the voting shall be repeated immediately. In case of a tie in the second vote, a draw shall be held; such draw may be held in the presence of a representative from the Ministry. 2. The Federation Chairman and his deputies shall be appointed pursuant to a decision by the Minister for a term of three years. 3. The Federation Chairman may not nominate himself for the following term, unless he has served less than a year as chairman. 4. The first deputy of the Chairman shall assume the duties of the Chairman in the event of his absence or incapacity. In case of the absence of the Chairman and his first deputy, the second deputy shall assume the duties of the Chairman. 5. Without prejudice to paragraph (4) of this Article, if the chairman of any chamber is unable to attend any board meeting, he may delegate either of his deputies.