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Migdal Insur. ( (IL:MGDL) ) has issued an announcement.
Migdal Insurance Company is facing scrutiny from the Commissioner of Capital Market, Insurance and Savings due to high turnover in its board leadership, as evidenced by the recent resignation of Chairman Prof. Amir Barnea after a short tenure. The Commissioner has raised concerns about the potential mismanagement of the company, emphasizing the need for independent and stable leadership decisions, and is considering using legal powers to enforce governance standards at Migdal Insurance.
More about Migdal Insur.
Migdal Insurance Company Ltd., a subsidiary of Migdal Insur., operates in the insurance industry, providing a range of insurance products and services. The company is focused on ensuring proper corporate governance and stability within its board operations.
YTD Price Performance: 12.87%
Average Trading Volume: 1,739,316
Current Market Cap: ILS8.32B
For an in-depth examination of MGDL stock, go to TipRanks’ Stock Analysis page.