2018 ISRAEL CHEMICALS LTD. | ALL RIGHTS RESERVED
The current members of the ICL board are detailed in ICL’s website.
In addition to it’s legal responsibilities, ICL policy requires the Board to approve certain elements of the Company’s and its subsidiaries’ operations, including investments that exceed a specified amount, as well as organizational changes and mergers & acquisitions.
The Chairman of the Board and the CEO have distinct responsibilities and the positions are held by separate individuals. This is also true of the Board of Directors and the Company’s officers who are not directors. The Company does not have contracts with its current
directors, excluding the Executive Chairman. Directors are elected each year at the Annual General Meeting (except external directors, whose terms are set by law at three years).
New Board members receive information about ICL and its operations, and all directors receive periodic training on relevant issues when there are significant changes.
On February 25, 2018, ICL’s Board of Directors has resolved, after discussing the recommendation of the search committee headed by the Company’s Chairman of the Board, Mr. Johanan Locker, to appoint Mr. Raviv Zoller as Chief Executive Officer of the Company.
Each Board meeting begins with a safety update and presentation, and throughout the year, the Board also discusses corporate responsibility and sustainability, employee safety and environmental issues.
This CSR report, approved by the Board of Directors, outlines the Company’s Guidelines for Corporate Responsibility and documents the Company’s continuing progress of its global operations in this area.
Each committee of the Board operates in accordance with a written charter that sets forth the committee’s structure, operations, membership requirements, responsibilities and authority to engage advisors. As of the end of 2017, the ICL’s Board included the following committees: audit and accounting committee; human resources and compensation committee; environment, safety and public affairs committee; operations committee and financing committee. For more details on our board committees see ICL’s 2017 Annual Report pp. 221-223.