The Company is committed to high standards of corporate governance and the Board is accountable to the Company’s shareholders for such governance. The Board reviews carefully all new regulations relating to the principles of good corporate governance and practice and endeavours to apply them where applicable. It also reviews carefully any comments received from independent reviewing agencies and shareholders and communicates with them directly. The Company believes that the combination of the experience of its Chairman, Peter Sheldon, in the UK markets and its senior non-executive Vice Chairman, Gideon Chitayat, in the Israeli market provides the Company with the relevant leadership to address its position as an Israeli company that is traded on the UK exchange. As a result of recent amendments in the Israeli Companies Law on corporate governance which came into effect during 2012, as well as comments received during 2012 from corporate governance consultants of UK institutional and pension investors, the Company has implemented various improvements in its corporate governance policies, as described in more detail in this Report. The main thrust of these changes are thrusts of these changes is designed to: http://www.batm.com/index.php?page=corporate-governance
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