Israel Corp. has an active Board of Directors that meets from time to time, but at least once a quarter. The Board comprises leading individuals from the fields of business and economics, banking, shipping, real-estate, energy, technology and entrepreneurship. It counts among its members prominent experts in finance, including a member of senior management of a major Israeli banking institute, and two additional Board members who serve as directors of leading Israeli banks.

Members of the Board are appointed at the company's annual General Meeting. The current active Chairman of the Board is Mr. Idan Ofer.

In accordance with the Israeli Companies Law, two members of the Board are formally designated as ‘External Directors’. In addition, several Board members act as "Independent Directors". A majority of the Board possesses accounting and financial expertise or professional capabilities, as defined in the Israeli companies Law, as amended.

Decisions of the Board are taken by a simple majority, although most decisions are made unanimously.

The Board has established a number of committees including an Executive Committee, Finance Committee, Audit Committee, Remuneration Committee, Donation Committee and ad hoc committees, as required. As a general rule, at least one External Director serves as a member of each committee.

The Board's powers and authorities are defined by the Company's Articles of Association and the Israeli Companies Law, as amended. The Board, inter alia, establishes the company's policies and supervises the activities of its management.

Israel Corp. has an active Board of Directors that meets from time to time, but at least once a quarter. The Board comprises leading individuals from the fields of business and economics, banking, shipping, real-estate, energy, technology and entrepreneurship. It counts among its members prominent experts in finance, including a member of senior management of a major Israeli banking institute, and two additional Board members who serve as directors of leading Israeli banks.

Members of the Board are appointed at the company's annual General Meeting. The current active Chairman of the Board is Mr. Idan Ofer.

In accordance with the Israeli Companies Law, two members of the Board are formally designated as ‘External Directors’. In addition, several Board members act as "Independent Directors". A majority of the Board possesses accounting and financial expertise or professional capabilities, as defined in the Israeli companies Law, as amended.

Decisions of the Board are taken by a simple majority, although most decisions are made unanimously.

The Board has established a number of committees including an Executive Committee, Finance Committee, Audit Committee, Remuneration Committee, Donation Committee and ad hoc committees, as required. As a general rule, at least one External Director serves as a member of each committee.

The Board's powers and authorities are defined by the Company's Articles of Association and the Israeli Companies Law, as amended. The Board, inter alia, establishes the company's policies and supervises the activities of its management.