Mizrahi Outlines New Boardroom Etiquette Rules

Mizrahi Tefahot Bank responds to damning Bank of Israel report on lengthy power struggle between the bank's controlling shareholder groups - the Ofer and Wertheim families - that raised concern that directors had put their personal interests ahead of the bank's.

Mizrahi Tefahot Bank said on Wednesday it was ordered to take six steps by the Bank of Israel to improve what the central bank said was a poor record of corporate governance.