ADDIS ABABA: The Ethiopian Chamber of Commerce & Sectoral Associations (ECCSA) has approved the amendments to its 2007 Charter at its Seventh General Assembly which took place at Sheraton Addis Hotel on September 17, 2015.
Amendments mainly focused on issues of composition and representation in the General Assembly, procedures of assignment of external auditor, service terms of executive and board level management, membership fees and participation expenses coverage.
According to the amendment proposed on the General Assembly, the composition of that decision-making body will be determined in proportion to the number of members of each of the 18 institutional members of the assembly.
Members of the Chamber include two city government chambers, nine regional chambers and seven sectoral associations in the country. Previously some 300 representatives of the 18 member institutions comprised the General Assembly; the amendment brings that number down to 176.
Assignment of an external auditor to the Chamber was another article that was brought into existence in the Charter. The general auditor shall be appointed for four consecutive years with the possibility of reappointment based on performance.
