The appointment of a member of the Jewish Agency Executive as a company director on behalf of the Jewish Agency

Whereas The By-laws of the Jewish Agency [Section VIII, clause F3(a)] do not allow, inter alia, members of the Executive of the Jewish Agency to be appointed as directors of Jewish Agency companies, unless the Board of Governors, upon the written request of the Chairman of the Assets and Liabilities Committee, with the approval of the Deputy Chairman of the Executive and the Chairman of the Executive, allows such an appointment as an exception, provided that it be satisfied that special circumstances exist; and
Whereas The Chairman of the Assets and Liabilities Committee, having received the approval of the Deputy Chairman of the Executive, hereby requests the Board of Governors to allow the appointment of Mr. Isaac Herzog to the Board of Directors of Beit Hatefutsot; and
Whereas As Mr. Herzog has knowledge and experience in the area of activity of Beit Hatefutsot, and he attaches great importance to the Company, the Board of Governors is satisfied that special circumstances exist for his appointment as a director of that company.
Therefore be it resolved to allow the above appointment.