As noted in the Foreword, the Corporate Governance Committee (then known as the Steering Group on Corporate Governance) was requested to examine Israel’s position with respect to core corporate governance features and to provide the OECD Council with a formal opinion on Israel’s willingness and ability to implement the recommendations laid down in the Principles of Corporate Governance and Guidelines on Corporate Governance of State- Owned Enterprises. At the same time, Council requested the Committee to carry out accession reviews on the same basis for four other countries – Chile, Estonia, the Russian Federation and Slovenia.