Below is a summary of our current Board Committees structure and membership information. To learn more about individual Board members, visit the Board of Directors section of this site.
Executive Committee
Our Executive Committee was nominated by the board of directors on July 15, 1998. Our Executive Committee comprises members who are directors appointed by the board of directors from time to time. Subject to the provisions
of the Companies Law, the Executive Committee is authorized to make all major decisions relating to the business affairs of Partner. The Executive Committee is authorized by the board of directors to approve contracts, commitments and other transactions up to a value determined by the board of directors from time to time. Ilan Ben Dov,
Yaacov Gelbard, Yahel Shachar, Yaron Bloch , Dr. Michael Angel and Dr. Shlomo Nass are members of our Executive Committee.
Audit Committee
The Companies Law requires public companies, including Partner, to appoint an audit committee comprised of at
least three board members, including all the company’s external directors. The chairman of the board of directors,
any director employed by the company or granting services to the company on a permanent basis, any controlling shareholder or any relative of a controlling shareholder may not be a member of the audit committee. The responsibilities of our audit committee under the Companies Law include identifying irregularities in the management of the company’s business and approving related party transactions as required by law.
Pursuant to the rules of the Securities and Exchange Commission, or SEC, and the listing requirements of the
Nasdaq Global Select Market, we are required to establish an audit committee consisting only of members who are independent of management, as defined by SEC rules and Nasdaq listing requirements. In accordance with the SEC and Nasdaq requirements, our audit committee is directly responsible for the appointment, compensation and oversight of our independent auditors.
The board of directors has determined that Dr. Michael Anghel, Barry Ben-Zeev, Erez Gissin and Dr. Shlomo Ness are "audit committee financial experts" as defined by applicable SEC regulations.
Our audit committee consists of four board of directors members, Dr. Shlomo Nass, Erez Gissin, Barry Ben-Zeev and Dr. Michael Anghel, all of whom meet Nasdaq’s definition of independent directors, and one of whom (Dr. Michael Anghel) meet the Companies Law’s definition of external directors. None of them is an affiliated person of Partner or has received any consulting, advisory or other compensatory fee from Partner, other than in their capacity as directors of Partner.
Compensation Committee
Our compensation committee consists of three board of directors members, of which one is an external, independent director. Subject to the requirements of the Companies Law, the compensation committee is responsible for evaluating and recommending to the board of directors (and to the audit committee, if so required under any applicable law)
the total compensation package for the Company’s Chief Executive Officer and all other officers; reviewing the results and procedures for the evaluation of the performance of other officers by the Company’s Chief Executive Officer;
making recommendations to the board of directors regarding any long-term incentive compensation or equity plans;
and supervising the administration of the plans and periodically reviewing a comprehensive statement of executive compensation policy.
Ilan Ben Dov, Yahel Shachar and Barry Ben-Zeev are members of the compensation committee.