At their end-year meetings last week at ICC's Paris headquarters, ICC's Executive Board and World Council approved changes in the leadership of the organization and set new strategic priorities to focus on the most pressing needs of world business at the present time. 

• In light of his current legal situation in Korea, ICC Chairman Yong Sung Park announced to the Executive Board his decision to transfer his functions and responsibilities to Vice-Chairman Marcus Wallenberg for the time being. 
• Prominent Turkish businessman Rona Yircali will replace Avijit ("Bobby") Mazumdar as Chairman of the World Chambers Federation. 
• Six new members of the Executive Board were elected – from Argentina, Germany, Hungary, Singapore, Spain and the USA. 
• Members of the International Court of Arbitration were elected for a new term starting on 1 January 2006. 
• Guy Sebban, Secretary General, who was elected by the governing bodies in June this year, obtained approval of his proposals for ICC's strategic directions with a strong focus on ICC's core task of promoting cross-border trade and investment and helping business corporations meet the challenges of globalization. 
• ICC's programme of action for 2006 was agreed. 

The mission of ICC, the World Business Organization, is to promote entrepreneurship, international trade, and the market economy.