The government has amended Trade Organisations Rules barring a person from contesting executive committee election of a trade body like Bangladesh Garment Manufacturers and Exporters Association and Bangladesh Knitwear Manufacturers and Exporters Association after serving the office for two consecutive terms.
It has also increased the number of directors of the board of the Federation of Bangladesh Chambers of Commerce and Industry, the apex trade body of the country, to 72 from 60.
The commerce ministry has recently issued a gazette notification amending Trade Organisations Rules 1994 under section 23 of Trade Organisations Ordinance 1961.
In the amendment, the ministry has incorporated a new ‘Section 21KA’ in place of ‘Section 21’ in the rules that has been abolished through another amendment in 2002.
According to the new section, the tenure of the executive committee of any trade body will be two years and no person will be eligible to be elected to the committee of a trade body after two consecutive terms in the office.
‘If a person remains member of the executive committee of a trade body for four consecutive years or more [If no election is held in time], he/she will not be allowed to participate in the next elections to the body,’ the amendment said.
Earlier, the government abolished ‘Section 21’ of the Trade Organisations Rules in December 2002 through a gazette notification and allowed a person to participate in the elections of a trade body for every term.
Before scraping Section 21, a person was not eligible to be elected to the executive committee of a trade body after three consecutive terms in office.
The commerce ministry has also brought changes in the Section 22 of the rules increasing the number of directors (both nominated and elected) to the board of directors of the Federation of Bangladesh Chambers of Commerce and Industry.
As per the amended rules, the posts of directors to the FBCCI board would be increased to 72 from existing 60 (42 elected and 30 nominated).
Earlier, the ministry has set 36 posts for elected directors (18 from chamber group and same number from association group) and 24 posts for nominated directors (12 from chamber group and 12 from association group).
A high officials of the commerce ministry said that the government brought changes in Trade Organisations Rules to make it time befitting.
He said that the number of director posts to the FBCCI board increased as the number of chambers and association also increased across the country.
Many of the business leaders of different trade bodies across the country are now serving office for three to four consecutive terms.
For example, BKMEA president AKM Salim Osman served the office for the fourth consecutive term, Bangladesh Plastic Goods Manufacturers and Exporters Association president Jashim Uddin for three consecutive terms and BGMEA vice president SM Mannan Kochi for three consecutive terms.
Want stories like this in your inbox?
Sign up to exclusive daily email
More Stories from Trade & Commerce