מחבר : עו"ד ציון בהלול

The ideal structure and optimal functioning of board members

The company's supreme management authority is vested in the board of directors, which outlines the company's policy and supervises the performance of the duties and actions of the general manager. Part of the board of directors' powers includes the ability to appoint and dismiss the general manager, as well as determining the organizational structure, salary and remuneration policy in the company. In this article, we will examine the ideal structure of the board of directors, how it is composed, and what can ensure its effectiveness.

לקריאת הסיפור המלא
57 min read
Definition of desired and required insolvency

The Insolvency Law came into effect in March 2018. Prior to the entry into force of the law, insolvency laws were based on mandatory orders and old legislation. The purpose of the new law is to lead to a correction of the insolvency situation, and to create a legal regulation of insolvency laws. Under the new law, those entitled to benefit from the implementation of the law are individuals and corporations defined as companies and partnerships. Under the law, the corporation can settle its debts and the debts of its officers before opening an insolvency file, including the ability of the corporation to benefit from recovery processes and the formulation of an economic rehabilitation plan leading to the dissolution of the corporation and the liquidation of its activities.

לקריאת הסיפור המלא
23 min read