I agree with that.

Ely

On 12/20/05, guy keren <[EMAIL PROTECTED]> wrote:

On Tue, 20 Dec 2005, Omer Zak wrote:

> On Tue, 2005-12-20 at 09:32 +0200, Alon Altman wrote:
> > On Tue, 20 Dec 2005, Omer Zak wrote:
> > > We also have to ensure that Hamakor's official positions are made
> > > unattractive to power-hungry politicians.This means, for example, that
> > > the Hamakor board should think twice before accepting the share in the
> > > Vaya Research Institute.It is OK and necessary that people, who
> > > volunteered to serve in Hamakor's board and other positions, are
> > > rewarded AFTER they finish their terms in those positions.But as long
> > > as they are holding those positions, they should not have incentives to
> > > continue clinging to them.
> >
> >  The shares in Vaya were awarded to Hamakor, not to the board members.
> > These shares do not have a monetaryvalue and are only symbolic.
>
> It does not matter.Once Hamakor has those shares, the Hamakor Board
> has some tiny power over another organization, and this tiny power has
> the consequence of adding to the attraction in the eyes of power-hungry
> people.
>
> If Hamakor's goals can be furthered by share-based control over Vaya
> Research Institution, then this may be worth the above risk.But I do
> not see where those shares can further the goals of Hamakor.Anything
> Hamakor needs to further its goals can be nicely asked of the major
> stakeholders of Vaya Research Institution.

in other words, hamakor can simply sit on the advisory board, instead of
having direct stakes in another organization.

i think this will be enough to achieve what was desired, without having to
add more beaurocracy of shares.

--
guy

"For world domination - press 1,
or dial 0, and please hold, for the creator." -- nob o. dy

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