Leading for transparency

Leading the fields of proxy services, financial research and analysis in the Israeli capital markets, as well as providing holistic solutions for increasing value for all stake holders

FINANCIAL RESEARCH, ANALYSIS AND PROXY SERVICES

Entropy Financial Research Services provides its customers with financial analysis, including opinions to institutional investors on the manner of voting in general meetings as well as debt and equity analyses. We utilize our expert and professional capabilities, as well as our vast experience, also in the fields of risk management and corporate governance, in providing qualitative, professional and independent financial analyses.

SERVICES

ETHICS AND VALUES

Professional Body

In recent years, we have seen a significant increase in both the number of issues brought before general meetings and their complexity. Our professional research division conducts a credible and comprehensive examination of topics for discussion at general meetings, utilizing new and advanced market tools. We continuously and actively update and learn new relevant regulations and industry standards, market demands as well as other professional aspects of our services, adjusting the professional examination we conduct regarding matters brought before general meetings.

Advisory Body

We act as an advisory body to our institutional clients. We implement professional, credible and independent rules of conduct when carrying out an analysis of the entirety of topics for discussion before general meetings. The recommendations we provide are intended and used by our clients, solely in support of their voting decision-making process regarding resolutions. The client will base its voting decision pertaining to a proposed resolution, among others, on our opinion as well as its own investment policy and internal procedures. Therefore, we hold our clients to a high standard of transparency and disclosure, to ensure that our report and opinion submitted to the general meeting before voting, will include and be based on the most up-to-date information required by minority shareholders to determine if the transaction is beneficial to them.

Independent Body

Part of the role of an external advisor to institutional investors in the field of general meetings is, to constitute a partition between the controlling shareholders and the institutional investors. It was already noted in the report of the Hamdani Committee that “the existence of conflicts of interests between the indirect investing parties in a corporation and other interests of the institutional investor or its controlling shareholder, may tilt the votes of the institutional investor”.

Meeting Regulatory Guidelines

In recent years we have witnessed statutory changes and amendments pertaining to the activities of public companies and the role of the general meeting. These statutory changes and amendments have significant impact on the role and manner in which institutional investors conduct themselves when reaching determinations on matters brought before the general meeting. We continuously track and follow regulatory and standardization changes, and adapt and modify our professional recommendations accordingly.