External Director — Accounting & Financial Expertise
Israel·Cyber Security & Software·Posted 29 August 2026
TASE-listed cyber-security company, not relying on dual-listing relief
Actively sourcing
A demand profile the Exchange is actively sourcing against. The sponsor is not confirmed on this board, and we say so rather than implying a signed mandate. Registering interest puts you in front of the sponsor when the brief converts.
The problem this seat exists to solve
An external director's second three-year term ends at the next general meeting. The Companies Law requires at least one external director with accounting and financial expertise, and that director must staff and may chair the audit committee.
The remit
- Hold the accounting-and-financial-expertise external-director seat
- Serve on and potentially chair the audit committee, as the Companies Law requires
- Provide challenge on revenue recognition and controls through international expansion
- Review related-party transactions on the statutory basis
What the sponsor will not compromise on
- Accounting and financial expertise as defined by the Israeli regulations
- No affiliation with the company, its controller or an affiliate in the preceding two years
- Capacity to stand for election on the minority-supported basis the Companies Law prescribes
- English sufficient for board work; Hebrew an advantage
Terms
- Engagement
- Three-year term, renewable in defined further terms under the Companies Law.
- Compensation
- Set by the external-director compensation regulations according to the company's equity band.
- Cross-border
- The external-director office carries residency conditions with relief for companies also traded abroad. This issuer does not rely on dual-listing relief, so confirm the position before proceeding.
- Time commitment in this market
- Typically 6–10 board meetings a year plus audit and compensation committee cycles; external directors carry a heavier committee load than ordinary directors because they must staff the audit committee.
Before you apply — Israel
There is no nationality bar, and foreign directors serve on Israeli boards — but the external-director office carries residency conditions with relief for companies also listed abroad, so the answer depends on the specific issuer.
- Residency test
- The Companies Law imposes residency conditions on external directors, with relief where the company's securities are also traded outside Israel. Establish which position applies to the specific issuer before proceeding — this is the provision most often got wrong.
- Nationality test
- None.
- Work authorisation
- A non-executive director attending board meetings does not require a work visa. Executive and interim operating roles require a B/1 work visa.
- Tenure limit once appointed
- Three-year terms. An external director may be re-elected for further three-year terms subject to the statutory conditions, which are stricter than an ordinary re-election and require the same minority-supported vote.
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