Chambers of Commerce Law

1. The Federation’s Board of Directors shall convene at least once every 90 days upon a call by the Chairman or a written request by at least one-third of its members. In the latter case, the Chairman shall call for a meeting within 15 days from receipt of the request. 2. The meetings of the Federation's Board of Directors shall be 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 be deferred for a period not less than 15 days and not more than 30 days. In such case, the meeting shall be valid if attended by at least one- third of the members, provided the Chairman or one of his deputies is among the attendees. If the quorum is not met for the second time, the meeting shall be deferred for a period of 15 days. The third meeting shall be deemed valid regardless of the number of attendees, provided the Chairman or one of his deputies is among the attendees along with a representative from the Ministry. If the third meeting is not held, the Ministry shall take the necessary actions. 3. Decisions of the Federation’s Board of Directors shall pass by the majority vote of attending members. In case of a tie, the meeting chairman shall have the casting vote. The Board may, in urgent cases, pass decisions by circulation in the event of unanimous agreement thereon. 4. Meetings and voting may be carried out by electronic means in accordance with the Regulations. Chambers of Commerce Law Third: General Secretariat of the Federation of Chambers