News Brief 8/26/2013, Elul 20, 5773
Limits Imposed on Bonuses to Bank Executives
The Bank of Israel is expected within the next couple of days to announce guidelines on the limiting of bonuses to senior bank executives. According to the new directive, the customary annual bonus will be limited so as not to exceed the annual salary.
The only exceptions to this will be special cases that must get approval at the General Meeting.