Leading for transparency

Leading the fields of proxy services and financial research and analysis in the Israeli capital markets, as well as providing holistic solutions for increasing value for all rights holders

FINANCIAL RESEARCH & ANALYSIS AND PROXY SERVICES

Entropy Financial Research Services provides its customers with financial analysis, including opinions to institutional investors on the manner of voting in general meetings as well as debt and equity analyses. We utilize our expert and professional capabilities, as well as our vast experience, also in the fields of risk management and corporate governance, in providing qualitative, professional and independent financial analyses.

About us and Management

השירותים שלנו

ETHICS AND VALUES

Professional Body

In recent years, we have seen a significant increase in both the number of issues brought before general meetings and their complexity. Entropy Financial Research Services sees it as its fundamental role to employ a professional and wide-spanning research division, that conducts, whilst utilizing new and advanced market tools, a tight, credible and comprehensive examination of topics being brought for discussion at general meetings. Additionally, we view it as part of our role to continuously and actively update and learn new relevant regulations and industry standards, market demands as well as other professional aspects of our services, and adjusting the same to the professional examination we conduct regarding matters brought before general meetings.

Independent Body

Entropy Financial Research Services acts as an advisory body to its institutional clients. In our services, we implement professional, credible and independent rules of conduct when carrying out an analysis of the entirety of topics brought for discussion before general meetings. The recommendations that we, Entropy Financial Research Services provide, are defined and arranged with our clients, solely as a supporting professional opinion of a resolution. Our clients receive a final resolution that is drafted on the basis of the opinion, investment policy and the internal procedures of the institutional body, and at times, the same is carried out through the investment committee of such institutional body. As part of this perception of our role, we require from the public companies we service, a high level of transparency and disclosure, such that the report we produce for the purpose of submission to the general meeting in which the transaction is voted upon, will include all the necessary information that minority shareholders require in order to determine if the transaction is beneficial to them.

Independent Body

Part of the role of an external advisor to institutional investors in the field of general meetings is, to constitute a partition between the controlling shareholders and the institutional investors. It was already noted in the report of the Hamdani Committee that “the existence of conflicts of interests between the indirect investing parties in a corporation and other interests of the institutional investor or its controlling shareholder, may tilt the votes of the institutional investor”.

Meeting Regulatory Guidelines

In recent years we have witnessed statutory changes and amendments pertaining to the activities of public companies and the role of the general meeting. These statutory changes and amendments have significant impact on the role and manner in which institutional investors conduct themselves when reaching determinations on matters brought before the general meeting. We continuously track and follow regulatory and standardization changes, and adapt and modify our professional recommendations accordingly.