ENTROPY’S DIRECTORS’ “BANK”
Entropy’s “Bank” of directors serves as a platform for the process of identifying candidates for director positions. The objective of this data base is, to operate as a basis for locating and identifying candidates for director positions, by investors and corporations that are designated users of this data base. Usage is carried out through segmenting candidates into a designated list, that has the greatest likelihood of matching the profile defined by its users. It is important to emphasize, that the contents of the data base do not express any opinion regarding the people appearing therein, but rather, serves as a platform for carrying out the identification process whilst correlating with proper and effective rules of corporate governance (No friends and family).
The worldwide increased usage of external data bases, as an essential link in the process of identifying and locating directors, and at the same time reducing the dependence on personal relationships in the processes of appointment, as is currently customary in Israel, is a clear-cut parameter of good governance in the more developed capital markets as they relate to estimating the properness of the appointment process. It is our belief, that the increased usage of external data bases such as ours, will have significant contribution to enhancing the identification and location process, expanding the circle of quality potential candidates, and increasing the motivation of investors generally, and the institutional investors particularly, to make use of their shareholders rights and activate those rights with respect to having the ability to impact the structure and effectiveness of the board of directors, for the benefit of all investors in the various corporations.
Registration for inclusion in the “Bank” is carried out through filling a detailed online questionnaire, where every parameter included in the questionnaire constitutes a potential parameter for identifying and locating candidates. Registration includes the uploading of certificates and diplomas of education as well as other relevant documents, and a declaration by the candidate validating the information. We at Entropy, take care to continuously better and maintain the information, and we afford the candidates the opportunity to ongoingly update their information, making the information in the data base most up-to-date, credible and of a high level. The operational team of the Entropy’s Directors’ “Bank” is at the disposal of the candidates, and they are equipped to assist them with any question they may have or problem they encounter via telephone or email.