The company has an active Board of Directors comprised of leading individuals from industry, economics and finance that attend several meetngs each quarter.Three members of the Board are ‘external’ directors and an additional two members are considered independent as required by the Israel Companies Law. 10 of the directors possess significant financial and accounting backgrounds and expertise and have held senior business positions, and include a former Minister of Finance of the State of Israel, a former Director General of the Ministry of Finance four former senior management members of major Israeli banks and former chairman of the Tel Aviv Stock Exchange (TASE).
From time to time ICL’s Board appoints ad hoc committees that operate deal with special matters as well as permanent committees to provide ongoing assistance in areas of activity requiring special attention, including: Finance Committee, Audit Committee and Human Resources Committee. All of the external directors and at least one independent director are members of each committee. The Finance Committee and Audit Committee meet at least once a quarter.
Most members of the Board serve as members of ICL subsidiaries, and operate in accordance within the norms that apply to most directors of publicly held companies.
For additional details please contact Lisa Haimovitz, Adv., Vice President, ICL General Counsel and Company Secretary.
Our corporate culture is based on a platform of six core values for the pursuit of long-term sustainable growth and prosperity. These values are expressed in our Global Code of Ethics, a guide first adopted by our Board in 2005 and which was upgraded in 2012 to become an advanced, global code that applies to all ICL Group companies in Israel and throughout the world. The code defines our rules of conduct for the Company as a whole, and for each ICL employee as an individual.
The Code’s core values include:
The Code’s primary rules of ethics are based on, and can be summarized by, three questions regarding methods of behavior: