Corporate GovernanceOct 19, 2026, 07:01 AM
Gix Internet Ltd. Adopts Corporate Governance Exemption, Complies with Nasdaq Rules
AI Summary
Gix Internet Ltd. has adopted a corporate governance exemption under Israeli regulations, effective October 18, 2026. This allows the company to comply with Nasdaq listing rules regarding independent directors and committee compositions, rather than specific Israeli Companies Law requirements. As a result, the company's external directors, Ron Silberman and Shoshi Eizenberg Hertz, are no longer classified as such, though they have the option to remain on the board under transition rules.
Key Highlights
- Gix Internet Ltd. adopted a corporate governance exemption under Israeli regulations.
- The exemption allows compliance with Nasdaq rules instead of certain Israeli Companies Law requirements.
- External directors Ron Silberman and Shoshi Eizenberg Hertz are no longer classified as such.
- These directors may opt to remain on the board until their term ends or the second annual shareholder meeting.
Price Impact