Chambers of Commerce Law

The Federation’s Board of Directors shall have the following powers: 1. Setting general policies, plans, and programs. 2. Issuing necessary decisions and directives. 3. Reviewing issues submitted by any of its members or by the Secretary General upon the approval of the Chairman. 4. Selling, purchasing, leasing and renting, litigating, borrowing, accepting gifts, approving transfer of ownership, and securing liens on behalf of the chamber, as well as any other action within the Federation’s duties. 5. Seeking to amicably resolve disputes arising between chambers, in Chambers of Commerce Law accordance with the Regulations. 6. Seeking to resolve disputes arising between board members of the same chamber and submitting the findings to the Minister, in accordance with the Regulations. 7. Monitoring the Federation’s performance and reviewing quarterly reports. 8. Discussing and approving the Federation’s annual report, final accounts for the ending fiscal year, and draft budget; refer the same to the General Assembly for final approval; and providing a copy thereof to the Ministry. 9. Monitoring the chambers’ key performance indicators. 10. Forming one or more committees from among its members and assigning them necessary powers.