The Association of Publicly Traded Companies is a non-profit organization representing hundreds of public companies whose shares are traded on the Tel Aviv Stock Exchange (TASE), NASDAQ and other stock exchanges throughout the world. The Association represents companies in a broad spectrum of industries including manufacturing, high-tech, commerce, agriculture, real estate and construction, retail, financial services and tourism, among others.
The Association was founded in 1991 to represent the interests of the companies listed on the TASE before various government institutions and authorities in the areas of legislation, regulation, supervision and performance. The Association’s chief goal is to enable oversight of the capital market through reliance on adequate disclosure rather than through strict regulation. The Association aspires to accelerate the process of deregulation in the Israeli capital market, while reducing government involvement in business activity in general, and the capital market in particular.
The Association of Publicly Traded Companies is known as the representative of public companies before the following regulatory bodies: the Tel Aviv Stock Exchange, the Israel Securities Authority, the Knesset and its committees, the Ministry of Justice, the Ministry of Finance and other government authorities. The Association is a key factor in the decision-making processes within the Israeli capital market in regard to legislation and regulation and is a significant contributor in designing the features of the market.
During 2006, the Israeli market continued to grow, becoming more sophisticated in the process. Overseas investors injected billions of dollars, and share indexes increased significantly, reaching new heights. Non-bank financing was substantially higher. In addition, far-reaching reforms were approved. All of these, along with recent political developments and Israel’s economic position in key capital markets, are likely to contribute to the continued growth of the local capital market in the coming year.
In 2006, the Association of Publicly Traded Companies dealt with a range of subjects, including:
· A corporate governance code
· Cancellation of stamp duty
· Changes in the law and regulations proposed by the Israel Securities Authority
· Amendment to the antitrust laws
· Introduction of market-makers for the Tel Aviv Stock Exchange
· Promoting the establishment of real estate investment trusts (REIT)
Chairman: Dan Goldstein, Chairman, the Formula Group
President: Gad Soen
Legal Adviser: Nathan Shilo, Adv.
Members of the Executive Committee:
Ariel Even - Chairman, REIT1 Real Estate Fund
Yael Efron - CEO, Oceana Advanced Industries Ltd.
Yossi Ben Shalom - Partner and Manager, DBSI Investments; Chairman, Shagrir Vehicle Systems; Chairman, Pointer Telocation Ltd. (formerly Nexus)
David Baruch - General Manager, Bank of Jerusalem Ltd.
Yekutiel Gavish - General Manager, Eichut Capital Markets Ltd.
Dory Dankner - Chairman, Elran (D.D.) Investments Ltd.
Gabriel Last - Chairman, Delek Group Ltd.
Akiva Mozes - General Manager, Israel Chemicals Ltd.
Amos Mar-Haim - Chairman, Atara Investment Company Ltd.; Chairman, Migdal Underwriting
Eyal Solganik - EVP and CFO, IDB Holding Group
Yair Fudim - Managing Director, Leader Holding & Investments Ltd.
Shai Perminger - CEO, Gaon Holdings Group; Chairman, Gaon Capital Markets
Uzi Karniel - Company Secretary and General Counsel, Teva Pharmaceutical Industries Ltd.
Oded Ronen - Chairman and CEO, Lifshir Ltd.
Amir Sherf - Company Secretary and General Counsel, El Al Israel Airlines Ltd.
Address: Amot Mishpat House, 8 Shaul Hamelech Blvd., Tel Aviv 64733 Israel
Telephone: 03-693-8212 Fax: 03-693-8213 Email: www.e-good.org.il