Her brother serves on the board of directors of Clal Insurance Enterprise Holdings, a stakeholder in Israel Discount Bank.
The former superintendent of banks withdrew her candidacy for membership Israel Discount Bank (level: DSCT) board of directors. Bear was also a leading candidate to become president of the bank at the end of the year after current chairman Shaul Koprinsky finished his term.
Beer said, “I have informed the Directors Appointment Committee that I am withdrawing my candidacy for the position of director of the Israel Discount Bank. This is due to the fact that my brother serves on the board of directors of the Clal Insurance Company, which is a party to the interest of Discount Bank, and so as not to limit his ability to continue to serve at this stage.” “.
Related articles
Uri Levin leaves Discount Bank
Per’s brother, Yair Bar-Tov, serves on the board of directors of Clal Insurance Enterprise Holdings, which owns a 6.57% stake in Israel Discounting Bank. Israeli regulations do not allow a person to serve on the board of directors of a company that is a party to an interest in a company in which a direct relative serves on the board.
Withdrawal of Beer’s candidacy marks a second blow to the bank after chief executive Uri Levin announced last week that he was stepping down to become chief executive of real estate and construction firm Tidhar Group.
Published by Globes, Israel business news – en.globes.co.il – on April 24, 2023.
© Copyright Globes Publisher Itonut (1983) Ltd., 2023.
Hedva Peer Credit: Ronen Fadeda