A Chamber of Commerce, or a Board of Trade, is a form of business network. The Chamber of Commerce is a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to advocate on behalf of the business community. Local businesses are members, and they elect a board of directors, or executive council to set policy for the chamber. The board or council then hires a President, CEO, or Executive Director, plus staffing of an appropriate size to run the organization.
A Chamber of Commerce is a voluntary association of business firms belonging to different trades and industries. They serve as spokesmen and representatives of the business community. They differ from city to city, and region to region.
In many areas Chambers of Commerce are a source of private sector information. The information is usually gathered by surveying Chamber members. This can be used by official governmental departments as a guide to the performance of the economy in the Chambers area.
As a non-governmental institution, a Chamber of Commerce has no direct role in the writing and passage of laws and regulations that affect businesses. It may however, lobby in an attempt to get laws passed that are favorable to businesses.
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