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Mr Basini worked advising businesses on growth strategy and many other issues during his time at Business Wales and looks forward to bringing a host of skills and experience to FSB Wales.
But the fact she represented the FSB in a court case may raise questions among some US politicians.
The FSB will publish the final recommendations by end-2016.
The FSB members also talked about arrangements for undertaking a comprehensive review of the implementation and effects of over-the-counter (OTC) derivatives reforms as part of this work.
The FSB said the suspects admitted that they had contacts with the ISIL terrorist group.
The move marks a return to FSB for Mr Cottam, who served as FSB's Policy Manager for Wales earlier in his career.
By communicating in a more relevant way for the businesses of today, we can introduce more start-ups and smaller businesses to the support and advice they can access from the FSB, allowing them to focus on managing and growing their businesses while we represent their interests to Government.
Executive Directors welcomed the proposal for IMF membership in the new FSB as an association established under Swiss law.
Gwyn Evans, North Wales regional chairman for the FSB, said: "FSB Wales has long campaigned for the extension of business rate relief in Wales and I know our members will be relieved to hear it will continue for another year.
The FSB found that there has been an increase in the number of businesses being refused finance.
Thrift: Prudential Bank and Trust FSB (Philadelphia, PA)
The FSB was formed in 1974 and immediately attracted support in North Wales.
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