The International Business Congress (IBC) held a Presiding Committee Meeting today in St. Petersburg.
The Meeting participants took stock of the IBC performance in the year 2019, heard the progress reports by the heads of the working committees, and also discussed the direction for further development of the IBC.
The participants approved the central theme of the next IBC General Meeting: “Challenges and Opportunities at the Growing Energy Markets in Asia.”
As a result of voting by the Meeting participants, a number of amendments were made to the IBC Articles of Association. Specifically, a new position – Chairman – was created at the Board of Executive Directors. Alexander Medvedev, Member of the Board of Directors of Nord Stream 2 AG, Adviser to Director General of Gazprom Export, was elected to this position. In addition, the participants introduced changes to the composition of the Presiding Committee and approved the IBC budget for 2020.
The International Business Congress (IBC) is an international non-governmental and non-profit organization. The IBC consists of 124 members from 24 countries, among them Gazprom, OMV AG, Deutsche Bank, N.V. Nederlandse Gasunie, J.P. Morgan Bank International, KPMG, Mitsubishi, Mizuho Bank, Siemens, Shell, Equinor, Schneider Electric, Sumitomo Mitsui Banking Corporation, Total, Uniper, Wintershall Dea, Sakhalin Energy, Srbijagas, and others.
The IBC’s supreme body is the General Meeting. The 51-member Presiding Committee exercises general management. The eight-member Board of Executive Directors is responsible for operational issues.
The Congress deals with the practical aspects of economic cooperation and brings forward proposals for debottlenecking and building a favorable environment for safe and efficient entrepreneurial activities. The IBC operates through eight Working Committees: Energy; Industry, Innovations and Prospective Development; Law, Banking and Finance; Information and Communications; Ecology and Healthcare; Modern Technologies and Prospective Oil and Gas Industry Projects; Human Resources; and Business Security.