Tuesday, June 5, 2007

Israel Securities Regulator Demands Board Oversight After CEO Pay Scandals

(Bloomberg) -- Moshe Tery, chairman of Israel's
Securities Authority, said he is using an investigation into
executive bonuses to make directors take a bigger role in
overseeing companies.

Tery, head of the ISA since 2002, has probed executive pay
at Bezeq Ltd., Israel's largest phone company, and at Bank Leumi
Le-Israel Ltd. and Israel Discount Bank Ltd., the country's
second- and third-biggest lenders.


Read more at Bloomberg Emerging Markets News

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