AFIC to reform governance

Following internal debates about the association's internal workings last year, the AFIC is reportedly in the process of submitting a series of proposed reforms to its 250 members.

A study group led by Astorg Partners president Xavier Moreno apparently identified several issues to be resolved, including the lack of distinction between the roles of chairman and delegate general, the unofficial duties taken on by former chairmen, and the frequency at which they are elected.

The reform would therefore aim to better separate all operational duties - which would be fully taken on by the delegate general - from other strategic and political functions. A strategic committee, composed of people not affiliated to the association, would be created to that effect.

Furthermore, the chairman's mandate would be lengthened to two years instead of one. The rule of automatically promoting the vice-president to the role of president every year would also be scrapped: both roles would be attributed to members of the board of directors by a newly-created selection committee, provided its choice is approved by the association's general assembly.

The consultation process will remain open until 25 April. If it is adopted at the general assembly in June, the reform will take effect immediately. Current chairman Hervé Schricke could remain in office until a successor is elected at the June 2012 general assembly.

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