An Association under the auspices of the Cyprus
Chamber of Commerce and Industry is established with the name "Cyprus-French
Business Association" hereinafter referred to as the "Association.
a. The association will operate in close
co-operation with the Cyprus Chamber of Commerce and Industry.
b. The Offices of the Association are in Nicosia at the offices
of the Cyprus Chamber of Commerce and Industry.
The aims of the Association are:
a. To promote, expand and encourage economic
and trade relations between Cyprus and France.
b. To propose to the governments of the two countries, ways
and means through which trade and economic relations can be further
c. To organise meetings with officials of the two countries
with a view to safeguarding the smooth operation and flow of trade
between the two countries.
d. To create and maintain on a regular communication between
the business communities and politicians of the two countries.
e. To develop various ways for enhancing cooperation between
French and Cypriot businessmen.
f. To investigate and present to the French market the dynamic
aspects of the Cyprus economy, with emphasis on the opportunities
for International and French companies to trade not only with Cyprus
but also via Cyprus to the Middle East, North Africa, Eastern Europe
and the European Union Countries.
g. To organise events for the implementation of the above.
a) Members to the Association can be Individuals
or private law companies and/or other legal entities of Cyprus or
Cypriot or other origin that have notable and distinguished contribution
to the Cyprus and/or French Business Community. Applications for
membership need to be approved by the Board of Directors.
a. Each and everyone of the members of
the Association can terminate the membership whenever they so decide
through submission of the letter of resignation or termination.
b. The Board of the Association can expel any member whose
conduct is not in accordance with the aims of the Association.
a. The Board of Directors determines every
year the amount of the subscription of members to the Association.
b. The Board can levy a special subscription fee for particular
purposes such as trade studies, trade missions, etc.
a. The Association is governed by the Board
of Directors (comprising at least 10 but not more than 15 members)
elected by the General Assembly for a period of two years. In addition
to the elected Board Members, H.E. the Ambassador of France in Cyprus
is a member in ex officio capacity.
The Economic & Commercial Officer of the French
Embassy in Cyprus has the right to attend any or all of the meetings
of the Board of Directors.
b. The members of the Board of directors
elect their own President, Vice- President, and an Honorary Treasurer.
c. Persons who resign from the Board of
Directors are being replaced by others at the Board's decision.
If the number of the resigned Directors of the Board exceeds seven
(7) then a General Assembly is called for the purpose of electing
a new board.
d. Member absent, without excuse from three (3) board meetings
loses his/her seat in the Board.
The President of the Board of Directors coordinates
the Association's activities, presides over the meetings of the
Board and the general Assembly and executes their decisions. In
the events of his absence the president is being substituted by
the Vice-President. The Treasurer is responsible for keeping in
good order the Accounts Payable and Receivable by the Association.
The president of the Association cannot be the same person for more
than two consecutive terms.
The Board of Directors meets regularly once every
two (2) months or whenever it is asked to do so by the President
or at least by three (3) members of the Board. A meeting of the
Board is valid when a least 50 percent plus 1 of its elected members
are present and decisions are taken on a majority basis. When there
is an equality in a vote at a meeting the Present shall have the
a) The General Assembly is the supreme
executive and regulatory body of the Association.
b) The General Assembly comprises all the members of the
members of the Association who have settled their annual subscription
and all other financial obligations to the Association.
c) The general Assembly of the members takes place once a
year or whenever this is asked by the Board of Directors or at least
by one third of the members of the Association.
d) An annual or an extraordinary General Assembly can take
place when all the members have been given at least a fifteen (15)
day notification and when at least 25% of the members of the Association
who have settled their annual subscription and all other financial
obligations to the Association are present. Otherwise the General
Assembly is adjourned for one week at the same time and place when
regardless of the number of members who are present, the General
Assembly can take place.
e) Every member present at a General Assembly can act as
proxy for members who are absent with entitlement up to a maximum
number of three. The proxies duly signed by every such absent member,
must be deposited at the offices of the Association at least 24hrs
prior to the start of the Assembly.
f) The president of the Board of Directors presides over
the General Assembly of the members of the Association.
a) The General Assembly deals with all
the issues that are included in the agenda and/or with any other
subjects proposed by a member and supported by at least one fourth
of the participating members.
b) The General Assembly's decisions are taken (for all issues)
on the basis of the Majority of the members present and taking part
in the vote. In case of equality of vote the President shall have
the casting vote.
The Articles of Association can only be amended
by the General Assembly. Participation of 50%+1 of the members is
required for the General Assembly to take place. If such majority
is not secured a second General Assembly takes place one week later,
when a percentage of 40% + 1 member is required. Majority of votes
also applies in this case.
The Association is dissolved if and only
the General Assembly so decides. Similar notice and the same quorum
and majority as required in Article 12 will also be required and
apply to the taking of a decision by the Central Assembly to dissolve