Our firm’s Request to Question ICL’s Independent Committee Chairman, Retired Judge Oded Modric, was Approved

The derivative claim was filed by Ronen Adini &. Co. in connection with bonuses that were granted to ICL’s managers, not in keeping with the Company’s remuneration policy, and unlawfully. In response, ICL established an independent committee, headed by Judge Modric, which decided that the claim was ungrounded. Following this, Adv. Ronen Adini, who filed the claim, demanded to summon the committee’s chairman, the retired judge Modric, to testify in order to provide details of the committee’s operation. Despite ICL’s objection, Judge Altuvia granted the request to call on Judge Modric.

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