Board of Directors
The current members of the ICL board are detailed in ICL’s website.
In addition to its legal responsibilities, ICL policy requires the Board to approve certain elements of the Company’s and its subsidiaries’ operations, including investments that exceed a specified amount, as well as organizational changes and mergers & acquisitions.
Board of Directors- 2018 composition
*Through most of 2018 there were two women on the ICL Board of Directors. However, at the year’s end only one woman remained in the board. Average Director’s Age is 59.
| Under 30 | 30-50 | Over 50 | |
|---|---|---|---|
| Women | 0% | 0% | 20% |
| Men | 0% | 20% | 60% |
The Chairman of the Board and the CEO have distinct responsibilities and the positions are held by separate individuals. This is also true of the Board of Directors and the Company’s officers who are not directors. There are no family relationships between any members of ICL’s executive management and its directors.
The Company does not have contracts with its current directors, excluding the Executive Chairman. Directors are elected each year at the Annual General Meeting (except external directors, whose terms are set by law at three years).
New Board members receive information about ICL and its operations, and all directors receive periodic training on relevant issues when there are significant changes.
Mr. Yoav Doppelt has joined the Board of ICL in December of 2018, and in July 2019, has become Chairman of the Board.
Mr. Raviv Zoller entered into office as CEO of the Company on May, 2018, replacing the Company’s Acting CEO, Mr. Asher Grinbaum.
Each Board meeting begins with a safety update and presentation, and throughout the year, the Board also discusses corporate responsibility and sustainability, employee safety and environmental issues.
This CSR report, approved by the Board of Directors, outlines the Company’s Guidelines for Corporate Responsibility and documents the Company’s continuing progress of its global operations in this area.
Board Committees & Personnel
Each committee of the Board operates in accordance with a written charter that sets forth the committee’s structure, operations, membership requirements, responsibilities and authority to engage advisors. As of the end of 2018, the ICL Board included the following committees: audit and accounting committee; human resources and compensation committee; environment, safety and public affairs committee; operations committee and financing committee.
| Number of meetings 2018 | Average Attendance rate 2018 | |
|---|---|---|
| General Board Meetings | 16 | 97% |
| Audit & Accounting Committee | 13 | 91% |
| Financing Committee | 4 | 100% |
| Operations Committee | 4 | 92% |
| Compensation Committee | 11 | 100% |
| Environment Committee | 4 | 94% |
For more details on ICL’s Board see ICL’s 2018 Annual Report.
