FNCCI amends statute for institutional development

KATHMANDU: The special general meeting of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Tuesday unanimously amended its statute. This seventh amendment to the FNCCI statute 2049 marks a significant step towards institutional development.

The new arrangement introduces the direct election of the FNCCI president for a two-year term. Previously, since 2073 BS, the senior vice president automatically succeeded to the presidency. Moving forward, the annual general meeting (AGM) held after the current senior vice president's term will conduct direct elections to appoint the president.

The number of vice presidents on the FNCCI executive committee has increased from three to five. There will be only one senior vice president, who will be elected by the executive committee. An additional vice president position has been created for the district municipal sector, making a total of two vice presidents for that category.

The new statute also includes a provision for a woman vice president, who will be elected by the executive committee. To qualify for this role, there must be at least 12 women members in the committee. Furthermore, the statute mandates the formation of a 'Women Entrepreneurship Council' chaired by the woman vice president within FNCCI.

To enhance female participation in FNCCI leadership, reservations have been made for women to be elected to district municipal, commodities, and associate positions.

The amended statute also includes a provision for the president of the Nepalese Young Entrepreneurs’ Forum (NYEF) under FNCCI to serve as an ex-officio member of the FNCCI central executive committee.