Global governance

ICC announces ground-breaking Executive Board shift

  • 4 July 2012
ICC Management

ICC has achieved an objective, securing representation from all five BRICS countries (Brazil, Russia, India, China and South Africa) in the election of seven new members to its Executive Board.

Meeting last week at ICC headquarters in Paris, ICC governing bodies approved the seven new members along with renewed terms for four other members.

The new members are: Sebastian Escarrer Jaume, Vice-Chairman, Melia Hotels International (Spain); Joaquim Falcao, Dean of Law School of Fundacao Getulio Vargas (Brazil); Karen van Gennip, General Manager, Private Banking & Investments, ING (Netherlands); Rifat Hisarciklioglu, President, The Union of Chambers and Commodity Exchanges of Turkey (Turkey); Alexander Izosimov, Director of East Capital AB, LM Ericsson, EVRAZ Group, Transcom WorldWide and Dynasty Foundation; Zola Tsotsi, Chairman, Eskom Holdings (South Africa); and Zhang Yanling, Executive Vice-President, Bank of China, 2002-2010.

The shift in Board composition sees a majority of 14 out of the 26 members coming from countries outside the so-called “old” industrial countries of Western Europe, North America and Japan and also includes the addition of two women.

“As a truly global business organization, it is fitting that our Executive Board is as diverse in its composition as the scope of issues ICC addresses on behalf of world business,” said ICC Secretary General Jean-Guy Carrier.

Comprising 27 CEOs and other corporate executives, the Executive Board is ICC’s senior governing body responsible for overseeing ICC’s strategy, policy and programme of action as well as the financial affairs of the world business organization.