Corporate Governance in Israel 2011
Corporate Governance Review
The Israeli corporate landscape in the decades following the creation of the nation was, for reasons of resource scarcity, strategic imperatives and ideology, dominated by state-owned enterprises and collectively held business groups under the control of the Histadrut trade union movement. Privately owned companies were largely in the hands of either individuals or families. However, efficiency and productivity evolved slowly in the publicly controlled companies and they became a major destination for government subsidies.