THE Bahrain Chamber (BCCI) has initiated a comprehensive restructuring to modernise governance, streamline sectoral operations, and deepen its strategic partnership with the government.
The measures were approved yesterday during the second meeting of the 31st session chaired by Nabeel Kanoo. The overhaul follows a high-engagement General Assembly on April 25, which Mr Kanoo highlighted as evidence of the private sector’s dedication to shaping national economic policy.
A primary objective of the reform is the creation of a Committee Co-ordination Group tasked with establishing rigorous, merit-based selection criteria for committee leadership and membership.
The board has mandated the rapid restructuring of all sectoral committees to ensure they provide a comprehensive and effective voice for every segment of the economy.
To capitalise on domestic leadership, the board reconstituted the Consultative Council for the 31st session. This body, comprising a distinguished group of experienced merchants and business leaders, is designed to integrate diverse expert perspectives directly into the Chamber’s decision-making process, ensuring higher-quality outcomes for the business environment.
The BCCI is reinforcing its role as the primary liaison between the private sector and the government by reconstituting the Joint Committee with the Industry and Commerce Ministry. This platform will address critical economic issues and submit legislative recommendations aimed at bolstering Bahrain’s national competitiveness.
On the international front, the board approved the reconstitution of the Bahraini side of the Bahraini-Saudi Business Council, reflecting a priority to expand regional investment and trade co-operation. Additionally, the reappointment of representatives to several joint Arab and international chambers ensures Bahrain maintains its influential presence within global economic forums.
In alignment with international best practices, the board adopted new compliance regulations that strictly define the responsibilities and accountabilities of its members. This move is intended to serve as a cornerstone for the chamber’s institutional performance and transparency.
Complementing these governance standards, the board formed an Internal Audit Committee with an expanded mandate to provide the highest levels of financial and administrative oversight. Mr Kanoo concluded that these “qualitative leaps” in institutional structure will solidify the chamber’s position as a vital, proactive partner in driving Bahrain’s national economy forward.
The names of the new members of various committees will be revealed shortly.
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