The Supervisor of Banks has decided to extend the validity of the letter regarding “Principles for setting the terms of service of a Chairman of the Board of Directors at a bank without a controlling core” until the end of December 2021.  The extension of the validity of the letter is intended to complete regulation on the matter.  The letter sent today on the matter (in Hebrew) is attached.


For more information, see the press release of July 13, 2021, which included draft directives on the subject of Board of Directors and Compensation (in Hebrew).תקשורת-ופרסומים/הודעות-לעיתונות/טיוטת-עדכון-הוראות-בנושא-דירקטוריון-ותגמול/