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The Board of Directors meets regularly to review strategic, operational and financial matters. It approves the interim and preliminary financial statements, the annual financial plan, significant contracts and capital investments, in addition to reviewing the effectiveness of the internal control systems and business risks faced by the Group. Where appropriate, it has delegated authority to committees of directors. Information is supplied to the Board in advance of meetings and the Chairman ensures that all directors are properly briefed on the matters being discussed. Non-executive directors are appointed for specified terms, up to a maximum of three years. Directors offer themselves for re-election at the AGM following their appointment and thereafter in accordance with the Company's articles, which require one-third of directors to retire in rotation at each AGM.
All of the non-executive directors have extensive business experience and are considered by the Board to be independent of the management of the Company and free from any business or other relationship which could materially interfere with the exercise of their independent judgment. All directors have access to the advice and services of the Company Legal counsel.
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Jacob Ben Ezra Chairman of the Board
Mr. Ben-Ezra has been a member of Tescom’s Board of Directors since 1999. Mr. Ben-Ezra acts as a consultant and board member to several publicly traded corporations, among them Lycored, a daughter company of Makhteshim Agan is the world's leader in branded off-patent crop protection solutions and Middle East Tube Co. Ltd. He also serves as the Chairman of the Board of S.A.E. Afikim, the world’s most comprehensive computerized dairy management systems. Prior to this, Mr. Ben-Ezra served Koor Industries Ltd., a publicly-traded Israeli company, in a number of different capacities, including general manager of its Israeli food division.
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Ofer Albeck Chief Executive Officer
Before founding Tescom in 1990, Mr. Albeck spent nine years in the Israeli Air Force between 1978 and 1987 as an air traffic controller and then as a software officer and project manager. The Israeli army's intense scrutiny of its systems facilitated Mr. Albeck's recognition for the objective testing of all types of systems and was the seed which grew the company from Tel Aviv to London, New York, Paris, Atlanta, Singapore and Melbourne. Today, Tescom has 600 professionals dedicated exclusively to quality assurance in their various locations around the world.
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Itai Ben-Dor Non Executive Director
Mr. Ben-Dor has over 30 years of experience in the IT and Telecommunication industries in versatile executive management positions. He served as CEO of Tescom Israel and as CEO of Emblaze Systems. In addition, Itai has managed multi-disciplinary R&D organizations, and supervised the successful development, marketing and delivery of leading software products, services and software solutions. As VP of R&D at New Dimension Software and BMC, Itai was instrumental in bringing to market innovative and revenue generating software solutions.
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Esti Matza-Rom Non-Executive Director
Mrs. Rom is currently on the board of Inbal Insurance Ltd. and Israeli Military Industries Ltd. and is the chief financial officer of Beverage Containers Collection Ltd., a drinking bottle recycling company owned by Israel’s largest drink manufacturer and distributor. Having qualified as a certified licensed public accountant with Kesselman & Kesselman (now PriceWaterhouseCoopers LLP), Mrs. Rom’s prior experience also includes positions at an Israeli public investments company and Migdal Ltd, one of Israel’s largest insurance companies. Mrs. Rom holds a BA in economics and accounting and an MA in business administration from the Hebrew University in Jerusalem. |
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Dror Silony Non-Executive Director
Mr. Silony is Planning Production & Logistics Manager at Sigma-Aldrich Israel - the Israeli subsidiary of Sigma-Aldrich Corporation, a global leader in the field of research biochemicals, organic chemicals and kits, where he has worked for the past 22 years. Mr. Silony holds an L.L.B from “Sharei Misphat” College, and is completing his L.L.M from Bar Ilan University. Mr. Silony has studied for a BSc in life science at the Faculty of Agriculture, Hebrew University of Jerusalem. |
Board Committees
The Board of Directors has one committe : the Audit Committee.
The Audit Committee is mandated by the Israeli Companies Law and its main functions are:
- To evaluate the Company’s business administration and internal control mechanisms and to make proposals to the Board of Directors regarding weaknesses therein, as well as ways of correcting such weaknesses;
- To decide whether to approve acts and transactions requiring the approval of the Audit Committee under the Israeli Companies Law.
The Audit Committee is chaired by Ms. Esti Matza-Rom. Members of the committee include Messrs Shaul Koniarski, and Dror Silony.
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