Businessmen stress importance of participating in OCCI board elections

Muscat: Royal Decree No. 56/2022 establishing the Oman Chamber of Commerce and Industry (OCCI) is proof that the Sultanate is making steady progress towards achieving the goals and themes of Oman Vision 2040, namely “ man and society”, “economy and development”, governance and institutional performance.

With regard to the second theme “Economy and development”, the Sultanate wanted to strengthen the participation of the private sector in economic growth and development by giving it the opportunity to express its voice, its opinions and its proposals and to communicate through the right channels to decision makers.

Royal Decree No. 56/2022 on the elections of the OCCI Board of Directors highlighted the fact that OCCI is the official representative of the private sector. The Royal Decree gave everyone the right to participate in this important democratic event in a way that ensures the success of this process and achieves its future objectives. The Royal Decree provided for a set of conditions that the voter or candidate must respect.

The candidate must be an Omani national, with the exception of the persons designated to become a member of the OCCI board of directors among the representatives of public limited companies listed on the Muscat Stock Exchange and foreign investors holding a residence of ‘investor. The candidate must have been a member of OCCI for a period of at least five (5) years. Other conditions include that the age should not be less than 30 Gregorian years, and he should not be employed in any of the state units. administrative apparatus and other public legal persons, or a salaried worker in the private sector inside or outside the Sultanate of Oman – with the exception of candidates among the CEOs of companies with public participation.

The new OCCI system also stipulates that in order for the registered member to be able to vote in the OCCI election, they must have paid the annual OCCI subscription fee and must have at least one Omani worker in their membership. company, or hold a Riyada card from the Authority. for the development of small and medium enterprises.

The legislator has defined the roles and responsibilities of the OCCI, which include proposing the general strategy governing the activities of the private sector, establishing the necessary plans which must be in accordance with the general policy of the State, expression of an opinion on the legislation governing the activities of the private sector and other economic legislation before their publication, by submitting proposals for the modification of the laws in force and by transmitting to the authorities concerned the proposals relating to the development of the commercial, industrial sectors and economical.

The roles of OCCI also include the preparation of studies, research and reports dealing with the evaluation and development of the performance of various commercial, industrial and economic sectors, the diagnosis of problems, the identification of challenges, establishing strategic partnerships with universities and research centers to develop all sectors and encouraging registered members to participate in related conferences, workshops, seminars and courses organized by OCCI or governmental or non-governmental bodies . The roles also include seeking to amicably settle any commercial disputes that may arise between OCCI members.

“Decree No. 56/2022 establishing the OCCI system came with fundamental changes that serve the private sector and enhance its participation in the economic development of the Sultanate of Oman. This includes changing the composition of OCCI board members,” said Sheikh Salem bin Ahmed Al-Ghazali, Chairman of the Board of Golden Group Holding.

“The Royal Decree stated that the OCCI Board of Directors would be composed of five members from the governorate of Muscat, 10 presidents of OCCI branches in addition to five members representing public joint stock companies listed on the Muscat Stock Exchange. Muscat and a member representing foreign investors holding an investor residence permit.These fundamental changes support the private sector and strengthen its influence in decision-making,” Al Ghazali added.

“We hope that this electoral process will bring positive results that will achieve the objective behind these changes and contribute to activating the roles of the OCCI in the ongoing socio-economic development process in the Sultanate,” he concluded.

For his part, Sheikh Ali bin Hamad bin Saif Al Kalbani, Chairman of the Board of Directors of Al Kalbani Group, said: The Sultanate is preparing to hold a democratic economic event in all governorates – the board elections of OCCI and its branches in the governorates. The OCCI elections reinforce and complement the Shura Council and municipal council elections. »

“This democratic event is expected to play a major role in accelerating economic growth and progress and contributing to the achievement of Oman’s Vision 2040 goals. These elections are an opportunity for all companies and institutions to vote, ensuring that we have qualified and efficient staff. members of the OCCI Board of Directors. These elections also guarantee an honorable representation of the private sector in local and international bodies,” he added.

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