The Ministerial Committee for Legislation has recently re-approved the draft amendment to the Israeli Companies Law. The aim of this amendment is to improve the corporate governance rules applicable to companies with no...more
7/26/2023
/ Audit Committee ,
Board of Directors ,
Controlling Stockholders ,
Corporations Code ,
Diversity ,
Independent Directors ,
Israel ,
Proposed Amendments ,
Publicly-Traded Companies ,
Rebuttable Presumptions ,
Securities Act ,
Special Committees
About two years ago, motions to certify class actions were filed against dozens of public companies and reporting corporations in Israel, alleging violations of provisions of the Equal Rights for Persons with Disabilities...more
3/31/2023
/ Case Consolidation ,
Class Action ,
Corporate Governance ,
Disability Discrimination ,
Dismissals ,
Employment Litigation ,
Investors ,
Motions in Limine ,
Publicly-Traded Companies ,
Reporting Requirements ,
Warning Letters
Companies’ public disclosures about their business operations are quite common. However, they are also fraught with concerns about violating the Israeli Economic Competition Law. Public announcements in the media may...more
On March 30, 2022, the Israel Securities Authority (ISA) published a new staff position statement: “Disclosure Required When Convening a General Meeting of Shareholders Whose Agenda Includes the Appointment of an Auditor.”...more
The Israel Securities Authority (ISA) will soon require public companies to disclose details about independent committees tasked with overseeing transactions with controlling shareholders. The staff position, published in...more
The Israel Securities Authority announced a new relief for public companies regarding directors’ and officers’ liability insurance. This relief will enable companies to include in remuneration policies only the scope of the...more
In light of the global coronavirus crisis, the Israel Securities Authority (ISA) has published several steps toward easing the burden on public companies and reporting corporations whose securities are traded on the Tel Aviv...more