Yair Shiloni, a partner at Gornitzky who specializes in corporate law and capital markets, was featured in an article in the Globes newspaper discussing the recent amendment to the Companies Law, which will limit the salaries of executives in public companies.
Mr. Shiloni is quoted by the newspaper, where he stated, “The new amendment will not necessarily bring about a change in the rising salaries of executives, which the law amenders are seeking to bring to a halt. On the other hand, it may create a noticeable difficulty in bringing good managers to public companies, which constitute a source of human capital vital for the success of company, and to dim to some extent the controlling shareholder’s ability to control, as he will now be limited in his ability to direct and influence the compensation of executive officers in the company.”
