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Her brother serves on the board of Clal Insurance coverage Enterprise Holdings which is a celebration in curiosity in Israel Low cost Financial institution.
Former Supervisor of Banks has withdrawn her candidacy for the Israel Low cost Financial institution (TASE: DSCT) board of administrators. Ber was additionally a number one candidate to turn into chairperson of the financial institution on the finish of the yr after the present chairman Shaul Kobrinsky ends his time period of workplace.
Ber stated, “I knowledgeable the director appointments committee that I used to be withdrawing my candidacy as a director of Israel Low cost Financial institution. This is because of my brother serving on the board of administrators of Clal Insurance coverage, which is a celebration in curiosity in Low cost Financial institution, and so as to not limit his skill to proceed serving within the position at this stage.”
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Ber’s brother Yair Bar Touv serves on the board of Clal Insurance coverage Enterprise Holdings, which holds a 6.57% stake in Israel Low cost Financial institution. Israel’s laws don’t enable an individual to serve on the board of an organization which is a celebration in curiosity in an organization the place a right away relative serves on the board.
The withdrawal of Ber’s candidacy is a second blow to the financial institution after final week CEO Uri Levin introduced that he was stepping all the way down to turn into CEO of actual property and development firm Tidhar Group.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 24, 2023.
© Copyright of Globes Writer Itonut (1983) Ltd., 2023.
Hedva Ber credit score: Ronen Fadida
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