Members unanimously approve amendment to FNCCI statute

Kathmandu, October 20

The special general meeting of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), held here today, has unanimously passed the amendment proposal of its statute to automatically appoint its senior vice president to the post of president in following term.

This means that there will be no election for the post of the president of FNCCI starting next term. The current Senior Vice President of FNCCI Bhawani Rana will automatically become the president of the organisation when the term of the current executive committee ends.

However, direct election will be held for other top posts of the largest umbrella body of the private sector of the country.

“We have unanimously passed the proposal to automatically appoint senior vice president at the top post of the organisation from next term,” FNCCI President Pashupati Murarka said, adding this amendment proposal along with several others were passed unanimously, in the presence of more than 90 per cent of general members of the federation.

When questioned about the benefit of new provision over the previous one that needed direct election for presidential post as well, Murarka said the provision for the senior vice president to be automatically appointed as the new president in the following term would ensure that the organisation gets a ‘more groomed president’.

On July 14, FNCCI had announced it would be holding a special general meeting today to amend its statute to change its organisational structure in line with the federal structure provisioned by the new constitution.

Today’s special general meeting of the federation has also approved the proposal to set up provincial chapters of FNCCI in each of the seven provinces to match with the federal structure of the country, guaranteeing representatives of these provincial chapters at the executive committee of the FNCCI.

FNCCI is holding its next election in mid-April, 2017.

FNCCI has also added the post of the treasurer in the organisation’s portfolio for the first time.

“These amendments in the statute were necessary to change the structure of FNCCI and its responsibilities in tune with the federal structure as provisioned by the constitution,” Murarka said, stressing that the amendments have made FNCCI more responsible towards its members, country’s economy and its development.

Meanwhile, seven FNCCI former presidents boycotted today’s special general meeting citing that the executive committee of FNCCI has breached the provision of the FNCCI statute.

Moreover, former vice president of FNCCI Bhaskar Raj Rajkarnikar and his aide Govinda Prasad Ghimire had filed a writ at Patan High Court charging the same against FNCCI executive committee. However, the Patan High Court, on Wednesday, refused to issue an interim order on the writ.