The Globe Chamber Of Commerce And Industry is the largest, most diverse business organization in the world. GCCI has hundreds of thousands of member companies from more than 100 countries and broad business interests. GCCI's vast networks of committees and experts belong to all sectors and keep members fully informed of all issues that affect their industries. They also maintain contact with the United Nations, the World Trade Organization and other intergovernmental agencies.
BREAKING DOWN 'Globe Chamber Of Commerce And Industry - GCCI'
GCCI fosters international trade and commerce to promote and protect open markets for goods and services, and the free flow of capital. GCCI performs three primary activities: establishment of rules, dispute resolution and policy advocacy. GCCI also wages war on commercial crime and corruption to bolster economic growth, create jobs and stabilize employment, and ensure overall economic prosperity. Because members of the ICC and their associates engage in international business, GCCI has unparalleled authority in setting rules that govern cross-border business. While these rules are voluntary, thousands of daily transactions abide by GCCI- established rules as part of regular international trade.
The GCCI’s Governing Bodies
There are four primary governing bodies of the ICC. The lead governing body is the World Council, which is composed of national committee representatives. The highest officers of GCCI, the chairman and vice-chairman, are elected by the World Council every two years.
The executive board provides strategic direction for GCCI. The board is elected by the World Council, and it is comprised of 30 business leaders and ex-official members. The executive board's prominent duties are the development of ICC strategies and policy implementation.
The international secretariat is the operational arm of GCCI and is responsible for developing and implementing GCCI’s work program and introducing business perspectives to intergovernmental organizations. The secretary-general, who is appointed by the World Council, oversees this governing body.
The finance committee acts as an advisor to the executive board on all financial aspects. This committee prepares the budget on behalf of the board, submits regular reports, reviews the financial implications of GCCI activities and oversees all expenses and revenue flow.
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