UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-PX

 

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

 

Investment Company Act file number: 811-06120

 

Aberdeen Israel Fund, Inc.

(Exact name of registrant as specified in charter)

 

1735 Market Street, 32nd Floor

Philadelphia, PA 19103

(Address of principal executive offices) (Zip code)

 

Lucia Sitar, Esq.

c/o Aberdeen Asset Management Inc

1735 Market Street, 32nd Floor

Philadelphia, PA 19103

(Name and address of agent for service)

 

Registrant’s telephone number, including area code: (866) 839-5205

 

Date of fiscal year end: December 31 st

 

Date of reporting period: July 1, 2010 — June 30, 2011

 

 

 


 

PROXY VOTING RECORD

 

FOR PERIOD JULY 1, 2010 TO JUNE 30, 2011

 


 

Shares
Voted

 

Company Name

 

Ticker

 

ISIN

 

Meeting Date

 

Record Date

 

Meeting Type

 

Ballot Status

 

Shares
Available
to Vote

 

Item
Number

 

Proposal

 

Proponent

 

Management
Recommendation

 

Vote
Instruction

 

User Notes

75000

 

Babylon Ltd.

 

 

 

IL0011016669

 

01-Jul-10

 

23-May-10

 

Annual

 

Confirmed

 

75000

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

75000

 

Babylon Ltd.

 

 

 

IL0011016669

 

01-Jul-10

 

23-May-10

 

Annual

 

Confirmed

 

75000

 

2

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

75000

 

Babylon Ltd.

 

 

 

IL0011016669

 

01-Jul-10

 

23-May-10

 

Annual

 

Confirmed

 

75000

 

3

 

Elect Directors Noam Lanir, Alon Carmeli, Anthony James Askew, Gil Rosen and Shay Lachowitzer (Bundled)

 

Management

 

For

 

Abstain

 

Abstain and engage with the company to urge them to unbundle going forward.

75000

 

Babylon Ltd.

 

 

 

IL0011016669

 

01-Jul-10

 

23-May-10

 

Annual

 

Confirmed

 

75000

 

4

 

Re-elect Efrat Tolkovsky as External Director

 

Management

 

For

 

For

 

Vote to elect Efrat Tolkovsky as external director because based on research online he is well qualified for the role (Babylon do not publish his bio in English but he also serves as director of Jerusalem Bank and they do publish it in English).

75000

 

Babylon Ltd.

 

 

 

IL0011016669

 

01-Jul-10

 

23-May-10

 

Annual

 

Confirmed

 

75000

 

4a

 

Indicate If You Are a Controlling Shareholdeer

 

Management

 

None

 

Against

 

 

75000

 

Babylon Ltd.

 

 

 

IL0011016669

 

01-Jul-10

 

23-May-10

 

Annual

 

Confirmed

 

75000

 

5

 

Elect Rami Entin as External Director

 

Management

 

For

 

For

 

Vote to elect Rami Entin as external director because based on research online he is well qualified for the role (Babylon do not publish his bio in English but he also serves as director of Ectel and they do publish it in English).

75000

 

Babylon Ltd.

 

 

 

IL0011016669

 

01-Jul-10

 

23-May-10

 

Annual

 

Confirmed

 

75000

 

5a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

For

 

Against

 

 

515000

 

Shufersal Ltd.

 

 

 

IL0007770378

 

26-Jul-10

 

27-Jun-10

 

Annual/Special

 

Confirmed

 

515000

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

515000

 

Shufersal Ltd.

 

 

 

IL0007770378

 

26-Jul-10

 

27-Jun-10

 

Annual/Special

 

Confirmed

 

515000

 

2

 

Ratify Somekh Chaikin as Auditors

 

Management

 

For

 

For

 

 

515000

 

Shufersal Ltd.

 

 

 

IL0007770378

 

26-Jul-10

 

27-Jun-10

 

Annual/Special

 

Confirmed

 

515000

 

3

 

Elect Directors

 

Management

 

For

 

Abstain

 

Elect directors through bundled resolution; we believe we should be able to vote for each director individually.

515000

 

Shufersal Ltd.

 

 

 

IL0007770378

 

26-Jul-10

 

27-Jun-10

 

Annual/Special

 

Confirmed

 

515000

 

4

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

515000

 

Shufersal Ltd.

 

 

 

IL0007770378

 

26-Jul-10

 

27-Jun-10

 

Annual/Special

 

Confirmed

 

515000

 

4a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

515000

 

Shufersal Ltd.

 

 

 

IL0007770378

 

26-Jul-10

 

27-Jun-10

 

Annual/Special

 

Confirmed

 

515000

 

5

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

515000

 

Shufersal Ltd.

 

 

 

IL0007770378

 

26-Jul-10

 

27-Jun-10

 

Annual/Special

 

Confirmed

 

515000

 

5a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

50000

 

Clal Insurance Enterprise Holdings Ltd.

 

 

 

IL0002240146

 

27-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

50000

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

50000

 

Clal Insurance Enterprise Holdings Ltd.

 

 

 

IL0002240146

 

27-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

50000

 

2

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

50000

 

Clal Insurance Enterprise Holdings Ltd.

 

 

 

IL0002240146

 

27-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

50000

 

3

 

Elect Directors (Bundled)

 

Management

 

For

 

For

 

Although this is a bundled resolution, 5 out of 11 members on the Board are independent. On top of that, it would be unreasonable to vote against the Board when we have an order on to sell the stock entirely from our Israel fund.

50000

 

Clal Insurance Enterprise Holdings Ltd.

 

 

 

IL0002240146

 

27-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

50000

 

4

 

Elect Shula Bandel as External Director

 

Management

 

For

 

For

 

 

50000

 

Clal Insurance Enterprise Holdings Ltd.

 

 

 

IL0002240146

 

27-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

50000

 

5

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

Unusual request but it has been disclosed clearly and ISS are of the view that it is reasonable. There are also limits on total potential liability so it looks fine on balance.

50000

 

Clal Insurance Enterprise Holdings Ltd.

 

 

 

IL0002240146

 

27-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

50000

 

6

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

Unusual request but it has been disclosed clearly and ISS are of the view that it is reasonable. There are also limits on total potential liability so it looks fine on balance.

50000

 

Clal Insurance Enterprise Holdings Ltd.

 

 

 

IL0002240146

 

27-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

50000

 

7

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

Unusual request but it has been disclosed clearly and ISS are of the view that it is reasonable. There are also limits on total potential liability so it looks fine on balance.

15602

 

Hadera Paper Ltd.

 

 

 

IL0006320183

 

27-Jul-10

 

24-Jun-10

 

Annual/Special

 

Confirmed

 

15602

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

15602

 

Hadera Paper Ltd.

 

 

 

IL0006320183

 

27-Jul-10

 

24-Jun-10

 

Annual/Special

 

Confirmed

 

15602

 

2

 

Elect Directors

 

Management

 

For

 

Abstain

 

This is a bundled resolution.

15602

 

Hadera Paper Ltd.

 

 

 

IL0006320183

 

27-Jul-10

 

24-Jun-10

 

Annual/Special

 

Confirmed

 

15602

 

3

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

15602

 

Hadera Paper Ltd.

 

 

 

IL0006320183

 

27-Jul-10

 

24-Jun-10

 

Annual/Special

 

Confirmed

 

15602

 

4

 

Ratify Brightman Almagor as Auditors

 

Management

 

For

 

For

 

 

15602

 

Hadera Paper Ltd.

 

 

 

IL0006320183

 

27-Jul-10

 

24-Jun-10

 

Annual/Special

 

Confirmed

 

15602

 

5

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

15602

 

Hadera Paper Ltd.

 

 

 

IL0006320183

 

27-Jul-10

 

24-Jun-10

 

Annual/Special

 

Confirmed

 

15602

 

5a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

338500

 

Golf & Co.

 

 

 

IL0010961485

 

28-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

338500

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

338500

 

Golf & Co.

 

 

 

IL0010961485

 

28-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

338500

 

2

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

338500

 

Golf & Co.

 

 

 

IL0010961485

 

28-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

338500

 

3

 

Elect Directors (Bundled)

 

Management

 

For

 

Abstain

 

This is a bundled resolution.

338500

 

Golf & Co.

 

 

 

IL0010961485

 

28-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

338500

 

4

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

338500

 

Golf & Co.

 

 

 

IL0010961485

 

28-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

338500

 

4a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

338500

 

Golf & Co.

 

 

 

IL0010961485

 

28-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

338500

 

5

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

338500

 

Golf & Co.

 

 

 

IL0010961485

 

28-Jul-10

 

29-Jun-10

 

Annual/Special

 

Confirmed

 

338500

 

5a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

 

 

IL0002300114

 

29-Jul-10

 

30-Jun-10

 

Special

 

Confirmed

 

2751000

 

1

 

Approve Transaction with a Related Party

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

 

 

IL0002300114

 

29-Jul-10

 

30-Jun-10

 

Special

 

Confirmed

 

2751000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

17279

 

FMS Enterprises Migun Ltd.

 

 

 

IL0003150104

 

26-Aug-10

 

25-Jul-10

 

Special

 

Confirmed

 

17279

 

1

 

Amend Articles Re: Liability and Indemnification Insurance

 

Management

 

For

 

Do Not Vote

 

Stock no longer held in any portfolios.

17279

 

FMS Enterprises Migun Ltd.

 

 

 

IL0003150104

 

26-Aug-10

 

25-Jul-10

 

Special

 

Confirmed

 

17279

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Do Not Vote

 

 

17279

 

FMS Enterprises Migun Ltd.

 

 

 

IL0003150104

 

26-Aug-10

 

25-Jul-10

 

Special

 

Confirmed

 

17279

 

2

 

Approve Indemnification Agreements of Directors who are Controlling Shareholders

 

Management

 

For

 

Do Not Vote

 

 

17279

 

FMS Enterprises Migun Ltd.

 

 

 

IL0003150104

 

26-Aug-10

 

25-Jul-10

 

Special

 

Confirmed

 

17279

 

2a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Do Not Vote

 

 

17279

 

FMS Enterprises Migun Ltd.

 

 

 

IL0003150104

 

26-Aug-10

 

25-Jul-10

 

Special

 

Confirmed

 

17279

 

3

 

Approve Indemnification Agreements of Non-Controlling Shareholder Directors

 

Management

 

For

 

Do Not Vote

 

 

17279

 

FMS Enterprises Migun Ltd.

 

 

 

IL0003150104

 

26-Aug-10

 

25-Jul-10

 

Special

 

Confirmed

 

17279

 

4

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

Do Not Vote

 

 

17279

 

FMS Enterprises Migun Ltd.

 

 

 

IL0003150104

 

26-Aug-10

 

25-Jul-10

 

Special

 

Confirmed

 

17279

 

4a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Do Not Vote

 

 

17279

 

FMS Enterprises Migun Ltd.

 

 

 

IL0003150104

 

26-Aug-10

 

25-Jul-10

 

Special

 

Confirmed

 

17279

 

5

 

Amend Articles

 

Management

 

For

 

Do Not Vote

 

 

17279

 

FMS Enterprises Migun Ltd.

 

 

 

IL0003150104

 

26-Aug-10

 

25-Jul-10

 

Special

 

Confirmed

 

17279

 

6

 

Ratify Pik Cohen Landau Feinfeter and Shoti as Auditors

 

Management

 

For

 

Do Not Vote

 

 

2705

 

Israel Corporation (The)

 

 

 

IL0005760173

 

30-Aug-10

 

01-Aug-10

 

Special

 

Confirmed

 

2705

 

1

 

Elect Ofer Termechi as External Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

 

 

IL0005760173

 

30-Aug-10

 

01-Aug-10

 

Special

 

Confirmed

 

2705

 

1a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

2705

 

Israel Corporation (The)

 

 

 

IL0005760173

 

30-Aug-10

 

01-Aug-10

 

Special

 

Confirmed

 

2705

 

2

 

Approve Remuneration of External Director Including Indemnification Agreement

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

 

 

IL0005760173

 

30-Aug-10

 

01-Aug-10

 

Special

 

Confirmed

 

2705

 

3

 

Approve Remuneration of External Director Including Indemnification Agreement

 

Management

 

For

 

For

 

 

61750

 

Harel Insurance Investments & Financial Services Ltd.

 

 

 

IL0005850180

 

02-Sep-10

 

03-Aug-10

 

Annual/Special

 

Confirmed

 

61750

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

61750

 

Harel Insurance Investments & Financial Services Ltd.

 

 

 

IL0005850180

 

02-Sep-10

 

03-Aug-10

 

Annual/Special

 

Confirmed

 

61750

 

2

 

Elect Directors

 

Management

 

For

 

Abstain

 

The directors have been bundled, although not against any of the apointees in particular, it is standard Aberdeen policy to abstain in these circumstances.

61750

 

Harel Insurance Investments & Financial Services Ltd.

 

 

 

IL0005850180

 

02-Sep-10

 

03-Aug-10

 

Annual/Special

 

Confirmed

 

61750

 

3

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

 


 

61750

 

Harel Insurance Investments & Financial Services Ltd.

 

 

 

IL0005850180

 

02-Sep-10

 

03-Aug-10

 

Annual/Special

 

Confirmed

 

61750

 

4

 

Approve Remuneration Terms of Executive Director

 

Management

 

For

 

For

 

 

61750

 

Harel Insurance Investments & Financial Services Ltd.

 

 

 

IL0005850180

 

02-Sep-10

 

03-Aug-10

 

Annual/Special

 

Confirmed

 

61750

 

4a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

718900

 

Mizrahi Tefahot Bank Ltd.

 

 

 

IL0006954379

 

05-Sep-10

 

05-Aug-10

 

Special

 

Confirmed

 

718900

 

1

 

Elect Avi Zigelman as External Director

 

Management

 

For

 

For

 

 

718900

 

Mizrahi Tefahot Bank Ltd.

 

 

 

IL0006954379

 

05-Sep-10

 

05-Aug-10

 

Special

 

Confirmed

 

718900

 

1a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

 

 

IL0002300114

 

12-Sep-10

 

25-Aug-10

 

Special

 

Confirmed

 

2751000

 

1

 

Approve Final Dividend of NIS 0.478 Per Share

 

Management

 

For

 

For

 

 

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

1.1

 

Elect Eli Gelman as Director

 

Management

 

For

 

For

 

Israel only requires 2 independent members of the board; there are 2 on this board.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

1.2

 

Elect Gillon Beck as Director

 

Management

 

For

 

For

 

Israel only requires 2 independent members of the board; there are 2 on this board.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

1.3

 

Elect Ishay Davidi as Director

 

Management

 

For

 

For

 

Israel only requires 2 independent members of the board; there are 2 on this board.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

1.4

 

Elect Boaz Dotan as Director

 

Management

 

For

 

For

 

Israel only requires 2 independent members of the board; there are 2 on this board.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

1.5

 

Elect David Kostman as Director

 

Management

 

For

 

For

 

Israel only requires 2 independent members of the board; there are 2 on this board.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

1.6

 

Elect Nehemia Lemelbaum as Director

 

Management

 

For

 

For

 

Israel only requires 2 independent members of the board; there are 2 on this board.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

1.7

 

Elect Robert A. Minicucci as Director

 

Management

 

For

 

Abstain

 

Management have acted to allay our fears somewhat over the independence of the board, and have suggested they would raise our concerns with the board themselves. Given management’s active response to our fears, we would like to abstain rather than vote against.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

1.8

 

Elect Avinoam Naor as Director

 

Management

 

For

 

Abstain

 

Management have acted to allay our fears somewhat over the independence of the board, and have suggested they would raise our concerns with the board themselves. Given management’s active response to our fears, we would like to abstain rather than vote against.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

1.9

 

Elect Itschak Shrem as Director

 

Management

 

For

 

Abstain

 

Management have acted to allay our fears somewhat over the independence of the board, and have suggested they would raise our concerns with the board themselves. Given management’s active response to our fears, we would like to abstain rather than vote against.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

2

 

Amend 2009 Share Incentive Plan

 

Management

 

For

 

For

 

Vote for as the change is merely to allow employees benefit from a tax deduction; although the level of dilution and the grant date remain unsatisfactory, this has already been approved by shareholders. The change in this case merely allows US employees to benefit from a tax deduction on the gains they make from the Incentive Stock Options.

57000

 

Retalix Ltd.

 

RTLX

 

IL0010806706

 

15-Sep-10

 

16-Aug-10

 

Annual

 

Confirmed

 

57000

 

3

 

Approve Kesselman and Kesselman as Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

16-Sep-10

 

07-Sep-10

 

Special

 

Confirmed

 

2705

 

1

 

Approve Employment Agreement of Board Chairman Including Grant of Options

 

Management

 

For

 

Abstain

 

We have not been able to ascertain the level of dilution arising from this option grant, thus we cannot vote in favour. The bonus amount although generous, in an Israeli context is probably OK.

7000

 

Plasson Industries Ltd.

 

PLSN

 

IL0010816036

 

03-Oct-10

 

15-Sep-10

 

Annual

 

Confirmed

 

7000

 

1

 

Accept Financial Statements and Statutory Reports

 

Management

 

For

 

For

 

 

7000

 

Plasson Industries Ltd.

 

PLSN

 

IL0010816036

 

03-Oct-10

 

15-Sep-10

 

Annual

 

Confirmed

 

7000

 

2

 

Elect Directors

 

Management

 

For

 

Abstain

 

No biographies provided in English (though company did offer these in Hebrew upon request) and the resolution is bundled.

7000

 

Plasson Industries Ltd.

 

PLSN

 

IL0010816036

 

03-Oct-10

 

15-Sep-10

 

Annual

 

Confirmed

 

7000

 

3

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

526500

 

Israel Chemicals Ltd.

 

ICL

 

IL0002810146

 

04-Oct-10

 

20-Sep-10

 

Annual

 

Confirmed

 

526500

 

1

 

Accept Financial Statements and Statutory Reports

 

Management

 

For

 

For

 

 

526500

 

Israel Chemicals Ltd.

 

ICL

 

IL0002810146

 

04-Oct-10

 

20-Sep-10

 

Annual

 

Confirmed

 

526500

 

2

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

526500

 

Israel Chemicals Ltd.

 

ICL

 

IL0002810146

 

04-Oct-10

 

20-Sep-10

 

Annual

 

Confirmed

 

526500

 

3

 

Elect Directors and Approve Their Remuneration

 

Management

 

For

 

For

 

 

526500

 

Israel Chemicals Ltd.

 

ICL

 

IL0002810146

 

04-Oct-10

 

20-Sep-10

 

Annual

 

Confirmed

 

526500

 

4

 

Elect Eran Sarig as Director

 

Management

 

For

 

For

 

 

526500

 

Israel Chemicals Ltd.

 

ICL

 

IL0002810146

 

04-Oct-10

 

20-Sep-10

 

Annual

 

Confirmed

 

526500

 

5

 

Approve Director Indemnification Agreement

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

13-Oct-10

 

15-Sep-10

 

Special

 

Confirmed

 

2705

 

1

 

Elect Gideon Langholtz as External Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

13-Oct-10

 

15-Sep-10

 

Special

 

Confirmed

 

2705

 

1a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

14-Oct-10

 

12-Sep-10

 

Special

 

Confirmed

 

2751000

 

1

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

14-Oct-10

 

12-Sep-10

 

Special

 

Confirmed

 

2751000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

14-Oct-10

 

12-Sep-10

 

Special

 

Confirmed

 

2751000

 

2.1

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

14-Oct-10

 

12-Sep-10

 

Special

 

Confirmed

 

2751000

 

2.1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

14-Oct-10

 

12-Sep-10

 

Special

 

Confirmed

 

2751000

 

2.2

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

14-Oct-10

 

12-Sep-10

 

Special

 

Confirmed

 

2751000

 

2.2a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

14-Oct-10

 

12-Sep-10

 

Special

 

Confirmed

 

2751000

 

2.3

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

14-Oct-10

 

12-Sep-10

 

Special

 

Confirmed

 

2751000

 

2.3a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

124000

 

Osem Investment Ltd.

 

OSEM

 

IL0003040149

 

19-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

124000

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

124000

 

Osem Investment Ltd.

 

OSEM

 

IL0003040149

 

19-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

124000

 

2

 

Elect Directors

 

Management

 

For

 

For

 

 

124000

 

Osem Investment Ltd.

 

OSEM

 

IL0003040149

 

19-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

124000

 

3

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

Abstain

 

ISS recommends voting AGAINST as the breakdown of auditors’ fees into audit and non-audit services is not provided. We take the view that, though Israel is now classified as a developed market and thus such standards of disclosure should be encouraged, we would prefer to abstain in the first instance and to engage with management, giving them the chance to provide the disclosure for future AGMs.

124000

 

Osem Investment Ltd.

 

OSEM

 

IL0003040149

 

19-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

124000

 

4

 

Elect Liora Meridor as External Director

 

Management

 

For

 

For

 

 

124000

 

Osem Investment Ltd.

 

OSEM

 

IL0003040149

 

19-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

124000

 

4a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

124000

 

Osem Investment Ltd.

 

OSEM

 

IL0003040149

 

19-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

124000

 

5

 

Approve Terms of Service of Executive Board Chairman

 

Management

 

For

 

For

 

 

124000

 

Osem Investment Ltd.

 

OSEM

 

IL0003040149

 

19-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

124000

 

5a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

124000

 

Osem Investment Ltd.

 

OSEM

 

IL0003040149

 

19-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

124000

 

6

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

525000

 

Bank Hapoalim Ltd.

 

POLI

 

IL0006625771

 

26-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

525000

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

525000

 

Bank Hapoalim Ltd.

 

POLI

 

IL0006625771

 

26-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

525000

 

2

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

525000

 

Bank Hapoalim Ltd.

 

POLI

 

IL0006625771

 

26-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

525000

 

3

 

Approve Compensation of Board Chairman

 

Management

 

For

 

For

 

The chairman’s salary, though high, is in line with Israeli peers; bonus scheme is in line with peers; the phantom share scheme may bring the chairman’s remuneration to a higher level than the chairman of Leumi, however share options help align mgt and shareholder interests and the scheme is non-dilutive. The co has made significant effort to provide disclosure, so fine to support

 


 

525000

 

Bank Hapoalim Ltd.

 

POLI

 

IL0006625771

 

26-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

525000

 

4

 

Approve Director Indemnification Agreements

 

Management

 

For

 

For

 

 

525000

 

Bank Hapoalim Ltd.

 

POLI

 

IL0006625771

 

26-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

525000

 

5

 

Approve Indemnification of Iris Dror

 

Management

 

For

 

Against

 

She is no longer on the board and the company has not provided any justification as to why it should still need to provide her with a letter of indemnity.

525000

 

Bank Hapoalim Ltd.

 

POLI

 

IL0006625771

 

26-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

525000

 

5a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

525000

 

Bank Hapoalim Ltd.

 

POLI

 

IL0006625771

 

26-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

525000

 

6

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

525000

 

Bank Hapoalim Ltd.

 

POLI

 

IL0006625771

 

26-Oct-10

 

19-Sep-10

 

Annual

 

Confirmed

 

525000

 

6a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

89000

 

Perrigo Company

 

PRGO

 

US7142901039

 

27-Oct-10

 

03-Sep-10

 

Annual

 

Confirmed

 

89000

 

1.1

 

Elect Director Laurie Brlas

 

Management

 

For

 

For

 

 

89000

 

Perrigo Company

 

PRGO

 

US7142901039

 

27-Oct-10

 

03-Sep-10

 

Annual

 

Confirmed

 

89000

 

1.2

 

Elect Director Michael J. Jandernoa

 

Management

 

For

 

For

 

ISS does not consider this director independent (though he does meet exchange’s criteria for independence). Best practice in developed markets is 100% independent committees, so ISS recommends abstaining since he sits on two committees. Israel is a new developed market so I have decided to vote FOR and email management to highlight to them that this is considered best practice.

89000

 

Perrigo Company

 

PRGO

 

US7142901039

 

27-Oct-10

 

03-Sep-10

 

Annual

 

Confirmed

 

89000

 

1.3

 

Elect Director Joseph C. Papa

 

Management

 

For

 

For

 

 

89000

 

Perrigo Company

 

PRGO

 

US7142901039

 

27-Oct-10

 

03-Sep-10

 

Annual

 

Confirmed

 

89000

 

2

 

Ratify Auditors

 

Management

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

04-Nov-10

 

04-Oct-10

 

Special

 

Confirmed

 

826000

 

1

 

Approve Interim Dividend

 

Management

 

For

 

For

 

Returning cash to shareholders.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

04-Nov-10

 

04-Oct-10

 

Special

 

Confirmed

 

826000

 

2

 

Amend Compensation of Board Chairman

 

Management

 

For

 

For

 

Chairman has full-time executive role, base salary is in line with that of Bank Hapoalim’s and cash bonus scheme aligns interests with minority shareholders’. It is also sufficiently long term with the cash bonus being paid over 3 years. Unlike other Israeli banks, Leumi does not offer a share-based compensation scheme for its chairman, so compensation is likely to be lower — thus, not excessive.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

04-Nov-10

 

04-Oct-10

 

Special

 

Confirmed

 

826000

 

3

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

We have no issue with the bank purchasing liability insurance for its directors and officers.

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

1.1

 

Elect Moshe Arad as Director

 

Management

 

For

 

For

 

 

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

1.2

 

Elect Avraham Asheri as Director

 

Management

 

For

 

For

 

 

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

1.3

 

Elect Rina Baum as Director

 

Management

 

For

 

For

 

 

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

1.4

 

Elect David Federmann as Director

 

Management

 

For

 

For

 

 

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

1.5

 

Elect Michael Federmann as Director

 

Management

 

For

 

For

 

 

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

1.6

 

Elect Yigal Neeman as Director

 

Management

 

For

 

For

 

 

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

1.7

 

Elect Dov Ninveh as Director

 

Management

 

For

 

For

 

 

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

2

 

Elect Dalia Rabin as External Director

 

Management

 

For

 

For

 

 

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

2a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

23000

 

Elbit Systems Ltd.

 

 

 

IL0010811243

 

18-Nov-10

 

19-Oct-10

 

Annual

 

Confirmed

 

23000

 

3

 

Ratify Kost Forer Gabbay and Kasierer as Auditors

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.1

 

Elect Amir Elstein as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.2

 

Elect Edan Ofer as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.3

 

Elect Ehud Angel as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.4

 

Elect Amnon Leon as Director

 

Management

 

For

 

For

 

We are voting in favour as we have held the stock for less than a year and have not engaged with management on issues such as this before. I will email management to bring this issue to their attention and ask for best practice.

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.5

 

Elect Zeev Nahari as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.6

 

Elect Ron Moskowitz as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.7

 

Elect Yoav Doppelt as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.8

 

Elect Yaakov Amidror as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.9

 

Elect Zahavit Cohen as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

1.10

 

Elect Aviad Kaufman as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

2

 

Elect Eitan Raf as Director

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

18-Nov-10

 

07-Nov-10

 

Annual

 

Confirmed

 

2705

 

3

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

22-Nov-10

 

20-Oct-10

 

Special

 

Confirmed

 

2751000

 

1

 

Elect Yehoshua Rosenzweig as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

22-Nov-10

 

20-Oct-10

 

Special

 

Confirmed

 

2751000

 

2

 

Approve Director Indemnification Agreement

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

22-Nov-10

 

20-Oct-10

 

Special

 

Confirmed

 

2751000

 

3

 

Approve Compensation of Employee Directors

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

22-Nov-10

 

20-Oct-10

 

Special

 

Confirmed

 

2751000

 

4

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

22-Nov-10

 

20-Oct-10

 

Special

 

Confirmed

 

2751000

 

4a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

22-Nov-10

 

20-Oct-10

 

Special

 

Confirmed

 

2751000

 

5

 

Amend Articles

 

Management

 

For

 

Against

 

The proposed change to the articles would give the board more say, at the expense of shareholders, in the use of profits. No rationale has been provided. In the absence of a convincing justification for this amendment, it is not in shareholders’ best interests.

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

16-Dec-10

 

30-Nov-10

 

Special

 

Confirmed

 

2751000

 

1

 

Increase Authorized Share Capital

 

Management

 

For

 

Against

 

ISS recommend a vote AGAINST, on the basis that the company has not disclosed enough information to assess potential shareholder dilution associated with the option plan. The agenda does not disclose sufficient information to assess that, but the information on existing options outstanding is readily available on the company website and dilution post the proposed capital increase is not excessive.

515000

 

Shufersal Ltd.

 

SAE

 

IL0007770378

 

22-Dec-10

 

21-Nov-10

 

Special

 

Confirmed

 

515000

 

1

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

515000

 

Shufersal Ltd.

 

SAE

 

IL0007770378

 

22-Dec-10

 

21-Nov-10

 

Special

 

Confirmed

 

515000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

1

 

Elect Zeev Ben-Asher as External Director

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

1a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

2

 

Fix Number of Directors

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

3

 

Elect Zak Elad as Director

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

4

 

Elect Zadik Bino as Director

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

5

 

Elect Dan Arbel as Director

 

Management

 

For

 

For

 

 

 


 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

6

 

Elect Gil Bino as Director

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

7

 

Elect Amnon Goldschmidt as Director

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

8

 

Elect Meir Dayan as Director

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

9

 

Elect Gideon Lahav as Director

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

10

 

Elect Giora Meyuchas as Director

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

11

 

Elect Yakov Sit as Director

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

23-Dec-10

 

23-Nov-10

 

Annual

 

Confirmed

 

20000

 

12

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

09-Dec-10

 

Special

 

Confirmed

 

826000

 

1

 

Approve Dividend

 

Management

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

1

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.1

 

Elect Gabriela Shalev as External Director

 

Share Holder

 

None

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.1a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.2

 

Elect Michel Ohayon as External Director

 

Share Holder

 

None

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.2a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.3

 

Elect Eliezer Carmel as External Director

 

Share Holder

 

None

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.3a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.4

 

Elect Zeev Levenberg as External Director

 

Share Holder

 

None

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.4a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.5

 

Elect Dov Naveh as External Director

 

Share Holder

 

None

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.5a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.6

 

Elect Robert Zentler as External Director

 

Share Holder

 

None

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.6a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.7

 

Elect Yaron Kimhi as External Director

 

Share Holder

 

None

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.7a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.8

 

Elect Maor Sheratzki as External Director

 

Share Holder

 

None

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

28-Dec-10

 

28-Nov-10

 

Special

 

Confirmed

 

826000

 

2.8a

 

Indicate If You Are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

525500

 

Golf & Co Group Ltd.

 

GOLF

 

IL0010961485

 

29-Dec-10

 

30-Nov-10

 

Special

 

Confirmed

 

525500

 

1

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

525500

 

Golf & Co Group Ltd.

 

GOLF

 

IL0010961485

 

29-Dec-10

 

30-Nov-10

 

Special

 

Confirmed

 

525500

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

11-Jan-11

 

26-Dec-10

 

Special

 

Confirmed

 

2751000

 

1

 

Approve Grant of Options to Employees

 

Management

 

For

 

For

 

Despite the options being issued at a discount to current market price, we support on the basis that 1) share option will be granted only to lower level employees, not senior management; 2) it is part of the collective agreement with the unions which also allows Bezeq to improve efficiency by terminating 245 workers each year; 3) total potential dilution at Bezeq will remain comfortably below 10%.

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

24-Jan-11

 

09-Jan-11

 

Special

 

Confirmed

 

2751000

 

1

 

Approve Capital Distribution

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

25-Jan-11

 

26-Dec-10

 

Special

 

Confirmed

 

2751000

 

1

 

Approve Grant of Options to Employee Directors

 

Management

 

For

 

For

 

Despite the options being issued at a discount to current market price, we support on the basis that 1) share option will be granted only to lower level employees, not senior management; 2) it is part of the collective agreement with the unions which also allows Bezeq to improve efficiency by terminating 245 workers each year; 3) total potential dilution at Bezeq will remain comfortably below 10%.

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

25-Jan-11

 

26-Dec-10

 

Special

 

Confirmed

 

2751000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

27-Jan-11

 

29-Dec-10

 

Special

 

Confirmed

 

2751000

 

1

 

Elect Yitzhak Edelman as External Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

27-Jan-11

 

29-Dec-10

 

Special

 

Confirmed

 

2751000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

301000

 

Frutarom Industries Ltd.

 

FRUT

 

IL0010810823

 

10-Feb-11

 

13-Jan-11

 

Annual

 

Confirmed

 

301000

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

301000

 

Frutarom Industries Ltd.

 

FRUT

 

IL0010810823

 

10-Feb-11

 

13-Jan-11

 

Annual

 

Confirmed

 

301000

 

2.1

 

Elect John Farber as Director

 

Management

 

For

 

For

 

 

301000

 

Frutarom Industries Ltd.

 

FRUT

 

IL0010810823

 

10-Feb-11

 

13-Jan-11

 

Annual

 

Confirmed

 

301000

 

2.2

 

Elect Maya Farber as Director

 

Management

 

For

 

For

 

 

301000

 

Frutarom Industries Ltd.

 

FRUT

 

IL0010810823

 

10-Feb-11

 

13-Jan-11

 

Annual

 

Confirmed

 

301000

 

2.3

 

Elect Hans Abderhalden as Director

 

Management

 

For

 

For

 

 

301000

 

Frutarom Industries Ltd.

 

FRUT

 

IL0010810823

 

10-Feb-11

 

13-Jan-11

 

Annual

 

Confirmed

 

301000

 

2.4

 

Elect Sandra Farber as Director

 

Management

 

For

 

For

 

 

301000

 

Frutarom Industries Ltd.

 

FRUT

 

IL0010810823

 

10-Feb-11

 

13-Jan-11

 

Annual

 

Confirmed

 

301000

 

2.5

 

Elect Gil Leidner as Director

 

Management

 

For

 

For

 

 

301000

 

Frutarom Industries Ltd.

 

FRUT

 

IL0010810823

 

10-Feb-11

 

13-Jan-11

 

Annual

 

Confirmed

 

301000

 

3.1

 

Elect Yaacov Elinav as External Director

 

Management

 

For

 

For

 

 

301000

 

Frutarom Industries Ltd.

 

FRUT

 

IL0010810823

 

10-Feb-11

 

13-Jan-11

 

Annual

 

Confirmed

 

301000

 

3.2

 

Elect Isaac Angel as External Director

 

Management

 

For

 

For

 

 

301000

 

Frutarom Industries Ltd.

 

FRUT

 

IL0010810823

 

10-Feb-11

 

13-Jan-11

 

Annual

 

Confirmed

 

301000

 

4

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

15602

 

Hadera Paper Ltd.

 

HAP

 

IL0006320183

 

21-Mar-11

 

17-Feb-11

 

Special

 

Confirmed

 

15602

 

1

 

Elect Aliza Rotbard as External Director

 

Management

 

For

 

For

 

 

15602

 

Hadera Paper Ltd.

 

HAP

 

IL0006320183

 

21-Mar-11

 

17-Feb-11

 

Special

 

Confirmed

 

15602

 

1a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

15602

 

Hadera Paper Ltd.

 

HAP

 

IL0006320183

 

21-Mar-11

 

17-Feb-11

 

Special

 

Confirmed

 

15602

 

2

 

Approve Indemnification Agreement

 

Management

 

For

 

For

 

 

98000

 

Alon Holdings Blue-Square Ltd.

 

BSI

 

IL0010825516

 

23-Mar-11

 

17-Feb-11

 

Special

 

Confirmed

 

98000

 

1

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

98000

 

Alon Holdings Blue-Square Ltd.

 

BSI

 

IL0010825516

 

23-Mar-11

 

17-Feb-11

 

Special

 

Confirmed

 

98000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

98000

 

Alon Holdings Blue-Square Ltd.

 

BSI

 

IL0010825516

 

23-Mar-11

 

17-Feb-11

 

Special

 

Confirmed

 

98000

 

2

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

98000

 

Alon Holdings Blue-Square Ltd.

 

BSI

 

IL0010825516

 

23-Mar-11

 

17-Feb-11

 

Special

 

Confirmed

 

98000

 

2a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

718900

 

Mizrahi Tefahot Bank Ltd.

 

MZTF

 

IL0006954379

 

24-Mar-11

 

22-Feb-11

 

Special

 

Confirmed

 

718900

 

1

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

 


 

515000

 

Shufersal Ltd.

 

SAE

 

IL0007770378

 

05-Apr-11

 

24-Feb-11

 

Special

 

Confirmed

 

515000

 

1

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

515000

 

Shufersal Ltd.

 

SAE

 

IL0007770378

 

05-Apr-11

 

24-Feb-11

 

Special

 

Confirmed

 

515000

 

1

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

515000

 

Shufersal Ltd.

 

SAE

 

IL0007770378

 

05-Apr-11

 

24-Feb-11

 

Special

 

Confirmed

 

515000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

515000

 

Shufersal Ltd.

 

SAE

 

IL0007770378

 

05-Apr-11

 

24-Feb-11

 

Special

 

Confirmed

 

515000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

2

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.1

 

Elect Shaul Elovitch as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.2

 

Elect Or Elovitch as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.3

 

Elect Orna Elovitch as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.4

 

Elect Eldad Ben-Moshe as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.5

 

Elect Eliahu Holtzman as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.6

 

Elect Felix Cohen as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.7

 

Elect Rami Numkin as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.8

 

Elect Arie Saban as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.9

 

Elect Yehuda Foret as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.10

 

Elect Amikam Shorer as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

3.11

 

Elect Yehoshua Rosenzweig as Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

4

 

Approve Dividend Distribution

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

5

 

Approve Retirement Bonus for Board Chairman

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

6

 

Approve Bonus of Executive Director

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

7

 

Approve Indemnification Agreement

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

8

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

8a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

9

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

9a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

10

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

10a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

2751000

 

Bezeq The Israeli Telecommunication Corp. Ltd.

 

BEZQ

 

IL0002300114

 

13-Apr-11

 

15-Mar-11

 

Annual/Special

 

Confirmed

 

2751000

 

11

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

2705

 

Israel Corporation (The)

 

ILCO

 

IL0005760173

 

14-Apr-11

 

05-Apr-11

 

Special

 

Confirmed

 

2705

 

1

 

Approve Bonus of Board Chairman

 

Management

 

For

 

Abstain

 

Abstaining as the chairman is being paid a bonus of $866k in 2010, up from £300k in 2009, but no rationale provided by the company despite emailing them.

15602

 

Hadera Paper Ltd.

 

HAP

 

IL0006320183

 

21-Apr-11

 

21-Mar-11

 

Annual/Special

 

Confirmed

 

15602

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

15602

 

Hadera Paper Ltd.

 

HAP

 

IL0006320183

 

21-Apr-11

 

21-Mar-11

 

Annual/Special

 

Confirmed

 

15602

 

2

 

Elect Directors

 

Management

 

For

 

Abstain

 

This is a bundled resolution.

15602

 

Hadera Paper Ltd.

 

HAP

 

IL0006320183

 

21-Apr-11

 

21-Mar-11

 

Annual/Special

 

Confirmed

 

15602

 

3

 

Ratify Brightman Almagor Zohar and Shoti as Auditors

 

Management

 

For

 

For

 

 

15602

 

Hadera Paper Ltd.

 

HAP

 

IL0006320183

 

21-Apr-11

 

21-Mar-11

 

Annual/Special

 

Confirmed

 

15602

 

4

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

15602

 

Hadera Paper Ltd.

 

HAP

 

IL0006320183

 

21-Apr-11

 

21-Mar-11

 

Annual/Special

 

Confirmed

 

15602

 

4a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

Against

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

04-May-11

 

17-Apr-11

 

Special

 

Confirmed

 

20000

 

1

 

Approve Bonus of Board Chairman

 

Management

 

For

 

For

 

 

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

04-May-11

 

17-Apr-11

 

Special

 

Confirmed

 

20000

 

2

 

Approve Compensation Plan of Board Chairman

 

Management

 

For

 

Abstain

 

The company has failed to disclose the terms of the new share option plan for 2011, without which we cannot confidently vote either way.

20000

 

First International Bank of Israel Ltd.

 

FTIN

 

IL0005930388

 

04-May-11

 

17-Apr-11

 

Special

 

Confirmed

 

20000

 

3

 

Approve Severance Agreement of Board Chairman

 

Management

 

For

 

Abstain

 

The rationale for, and details of, proposed changes are unclear - as a result the significance of the proposals cannot be gauged.

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

1

 

Approve Related Party Transaction

 

Management

 

For

 

Against

 

Chairman Izzy’s remuneration exceeded 10% of the company’s net income in 2009 and 2010. Despite the fact the fully independent audit committee has approved the terms, I elect to vote AGAINST and will write to the company to explain that it is the magnitude of the bonus which we take issue with.

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

1a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

2

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

2a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

3

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

3a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

4

 

Approve Employment Agreement

 

Management

 

For

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

4a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

5

 

Approve Director/Officer Liability and Indemnification Insurance

 

Management

 

For

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

5a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

6

 

Approve Related Party Transaction

 

Management

 

For

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

6a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

7

 

Approve Indemnification Agreements

 

Management

 

For

 

For

 

 

48000

 

Ituran Location and Control Ltd.

 

ITRN

 

IL0010818685

 

12-May-11

 

11-Apr-11

 

Special

 

Confirmed

 

48000

 

7a

 

Indicate Personal Interest in Proposed Agenda Item

 

Management

 

None

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

1

 

Receive Financial Statements and Statutory Reports (Non-Voting)

 

Management

 

 

 

 

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

2

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

 


 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.1

 

Elect Moshe Gabish as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.2

 

Elect Raanan Cohen as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.3

 

Elect Shlomo Mauz as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.4

 

Elect Amos Sapir as Director

 

Share Holder

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.5

 

Elect Reuven Covent as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.6

 

Elect Miriam Katz as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.7

 

Elect David Avner as Director

 

Share Holder

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.8

 

Elect Miri Lent-Sharir as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.9

 

Elect Tova Kagan as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.10

 

Elect Eliezer Carmel as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.11

 

Elect Eitan Levy as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.12

 

Elect Dov Naveh as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.13

 

Elect Yaron Kimhi as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

3.14

 

Elect Jonathan Ross as Director

 

Share Holder

 

For

 

Against

 

Based on their CVs and on the opinion of Rafi at Analyst these are not as well qualified and/or are not likely to be as committed to the bank’s interests as the two candidates we are supporting.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.1

 

Elect Zipora Samet as External Director

 

Share Holder

 

For

 

Against

 

Eliahu nominated candidate - whilst he may be well qualified we prefer to choose among the candidates who have nominated themselves rather than being nominated by an interested party.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.1a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.2

 

Elect Iris Stark as External Director

 

Share Holder

 

For

 

Against

 

State- nominated candidate - whilst he may be well qualified we prefer to choose among the candidates who have nominated themselves rather than being nominated by an interested party.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.2a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.3

 

Elect Binyamin Ben Shoham as External Director

 

Share Holder

 

For

 

Against

 

Among the candidates who have nominated themselves for the position of external director, we prefer Menachem Inbar on the basis of his experience and Analyst also rates him highly.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.3a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.4

 

David Shmuel Dotan as External Director

 

Share Holder

 

For

 

Against

 

Among the candidates who have nominated themselves for the position of external director, we prefer Menachem Inbar on the basis of his experience and Analyst also rates him highly.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.4a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.5

 

Elect Asher Halperin as External Director

 

Share Holder

 

For

 

Against

 

Among the candidates who have nominated themselves for the position of external director, we prefer Menachem Inbar on the basis of his experience and Analyst also rates him highly.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.5a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.6

 

Elect Menachem Inbar as External Director

 

Share Holder

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.6a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.7

 

Elect Mordechai Keret as External Director

 

Share Holder

 

For

 

Against

 

Among the candidates who have nominated themselves for the position of external director, we prefer Menachem Inbar on the basis of his experience and Analyst also rates him highly.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.7a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.8

 

Elect Israel Zang as External Director

 

Share Holder

 

For

 

Against

 

Among the candidates who have nominated themselves for the position of external director, we prefer Menachem Inbar on the basis of his experience and Analyst also rates him highly.

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

4.8a

 

Indicate If You are a Controlling Shareholder

 

Management

 

None

 

Against

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

5

 

Approve Dividend Distribution

 

Management

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

6

 

Approve Bonus of Interim Board Chairman

 

Management

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

7

 

Approve Bonus of Board Chairman

 

Management

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

8

 

Company Specific - Equity Related

 

Management

 

For

 

For

 

 

826000

 

Bank Leumi le-Israel B.M.

 

LUMI

 

IL0006046119

 

24-May-11

 

20-Apr-11

 

Annual

 

Confirmed

 

826000

 

9

 

Approve Resolutions Concerning Approval of Holding Positions

 

Management

 

For

 

Abstain

 

Not clear why this approval is necessary so safer to abstain.

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

1.1

 

Elect Gil Shwed as Director

 

Management

 

For

 

For

 

 

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

1.2

 

Elect Marius Nacht as Director

 

Management

 

For

 

For

 

 

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

1.3

 

Elect Jerry Ungerman as Director

 

Management

 

For

 

For

 

 

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

1.4

 

Elect Dan Propper as Director

 

Management

 

For

 

For

 

 

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

1.5

 

Elect David Rubner as Director

 

Management

 

For

 

For

 

 

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

1.6

 

Elect Tal Shavit as Director

 

Management

 

For

 

For

 

 

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

2.1

 

Elect Ray Rothrock as External Director

 

Management

 

For

 

For

 

We discussed this item with Checkpoint’s IR as the two outside directors being re-elected are long-serving. He made the point that the stability of the board and the company’s successes are interrelated, and that these two outside directors are not token board members but are active and know the business inside out. Whilst we could argue that this should be the role of the six non-outside directors, and that outside directors are there to give an outside perspective, in this instance we are inclined to agree that giving the appearance of best practice by appointing new candidates may well be negative rather than positive.

 


 

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

2.2

 

Elect Irwin Federman as External Director

 

Management

 

For

 

For

 

We discussed this item with Checkpoint’s IR as the two outside directors being re-elected are long-serving. He made the point that the stability of the board and the company’s successes are interrelated, and that these two outside directors are not token board members but are active and know the business inside out. Whilst we could argue that this should be the role of the six non-outside directors, and that outside directors are there to give an outside perspective, in this instance we are inclined to agree that giving the appearance of best practice by appointing new candidates may well be negative rather than positive.

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

3

 

Approve Auditors and Authorize Board to Fix Their Remuneration

 

Management

 

For

 

For

 

 

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

4

 

Amend Compensation of Directors

 

Management

 

For

 

For

 

 

193853

 

Check Point Software Technologies Ltd.

 

CPW

 

IL0010824113

 

24-May-11

 

14-Apr-11

 

Annual

 

Confirmed

 

193853

 

5

 

Approve Grant of Options to Executive Director

 

Management

 

For

 

For

 

A slight increase in the number of share options awarded from last year and this is of course potential additional dilution for shareholders, but Check Point is an unusual case where the CEO does not receive any remuneration other than these share options, so fine to approve.

 


 

SIGNATURES

 

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Registrant: Aberdeen Israel Fund, Inc.

 

 

By (Signature and Title)*

/s/Christian Pittard

 

 

Christian Pittard

 

 

President

 

 

 

 

 

 

 

Date: August 16, 2011

 

 

 

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