Appointment of a Member as a Director

>Whereas: >1.  The Jewish Agency By-laws [Section VIII, clause F3(a)] do not allow, inter alia, members and associate members of the Executive and members of the Board of Governors 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 Chairperson of the Executive and Chairman of the Executive, allows such an appointment as an exception, provided that it is satisfied that special circumstances exist; and

2.  The Chairman of the Assets and Liabilities Committee, having received the approval of the  Chairman of the Executive, hereby requests the Board of Governors to allow the appointment of the Deputy Chairman of the Executive, Mr. Rany Trainin, as a member of the board of directors of the Youth Futures Company.

3. The Board of Governors is satisfied that special circumstances exist for this appointment.

Therefore be it resolved to allow the above appointment.

All other rules regarding the appointment of directors will apply.