Doing Business With Israel 2016

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Over the past decade, Israel, and the rest of the world have been developing a new approach concerning the
position and the functions of the Director, with an emphasis on publicly-traded companies. The characterization
of the last decade’s Directors is entirely different from his predecessors, as today they are faced with many new
dilemmas. In addition, there is a lack of adequate training for this position, as well as the lack of preparation for
shareholders' expectations from the Board of Directors in general, and from the Director in particular. Legislators,
regulators and the courts aggravate the responsibility expected of directors, and the result is a culture in which
class action law suits are the first remedy.
The Israeli Directors’ Union was established under the initiative of Prof. Joseph Gross, Esq., who serves as
Chairman of the Union. A number of entities has joined, including the Faculty of Management at Tel Aviv
University, Israeli Corporate Governance Chair at Bar Ilan University, LAHAV Executive Education at Tel Aviv
University, the Israeli Association of Publicly Traded Companies and SRI Global Group. The IDU was created in
a manner similar to analogous organizations, which for years have been operating in the United States, England,
Australia, New Zealand and other countries, and collaborating with them with the intention to create multinational
companies, as well as to participate in international conferences, exchange information and more. IDU brings
together directors and boards of directors of public companies, large private companies, state-owned
companies, municipal companies and large institutions.
IDU Vision
IDU is engaged in issues related to the advancement of Directors’ status in Israel, and acts as a centralized
professional institution that supports directors in their way of creating a responsible and proper business
atmosphere in Israel. The Union also provides a platform for knowledge acquisition, training, and expert advice,
as well as represents the directors’ interests vis-à-vis the legislators and regulators, and strives to ensure that
any director will safely and successfully navigate through complex business challenges he is facing.
Challenges
• Development of directors’ professional level, corresponding to the expectations and challenges they will face.
• Updated data sources for directors so that they can be regularly briefed of current events.
• Representing the interests of the directors before the Knesset and regulators, while monitoring, controlling
and coping with the changes that occur from time to time.
• Creation of a Quality Mark for the directors’ training, which is necessary in a Western country, such as it is
customary abroad.
• Empowering of the directors and boards of directors in Israel.
IDU Services
• Continuing education, including due to the requirements of the Securities Authority regarding corporate
governance.
• Discounts on advanced courses for directors.
• Participation in seminars and conferences.
• Regular updates on professional and regulatory developments.
• Job placement center for directors.
• Building of a training program tailored to the director position.
• Providing professional support and advice to members.
• Guidance on insurance issues for directors.
• Representation before legislators and regulators.
You are kindly invited to join the Israeli Directors’ Union. For further information and registration please
contact the IDU via our website and / or phone: 03-7363146.