FNCCI makes amendments to its statute to elect president directly

Kathmandu, Dec. 12

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) unanimously amended its statute reverting its provision for the direct election of the president of the organisation.

Since 2016, the senior vice president has been automatically assuming the presidency. Under the new provision, the senior vice president will serve as president for their term, after which the annual general meeting will elect the new president through direct voting.

A special general meeting held on Tuesday made the seventh amendment to the FNCCI Statute 2049, introducing significant changes aimed at fostering institutional growth, said the business body.

Likewise, the term of office will remain two years.

"The amendment also increases the number of vice presidents in the executive committee from three to five. Among them, one will hold the position of senior vice president, who will be selected by the executive committee. Likewise, there will be two vice presidents representing the district and municipal chambers, an increase from the previous single representative," informed the FNCCI in a statement.

The new provision also ensures the inclusion of a female vice president, who will also be selected by the executive committee. To qualify for this role, the executive committee must have at least 12 female members. Furthermore, the statute establishes a Women Entrepreneurs’ Council under the leadership of the female vice president.

"To enhance women’s participation in leadership roles, the statute introduces a reservation system, ensuring the election of female members from district, commodity-based and associate categories," according to the FNCCI.

Another change grants the president of the Nepal Young Entrepreneurs Forum (under FNCCI) a permanent seat in the FNCCI central executive committee as an ex-officio member.

 Published in The Rising Nepal daily on 13 December 2024.