For the First Time: Employees of Rotem Industries elect representation on the Board of Directors

For the first time in its history, employees of Rotem Industries have voted to elect representatives to serve on the company’s board of directors. The election, which was held last week, saw a turnout of over 80% of eligible voters.

Rotem Industries is a government company that specializes in the development, industrialization and marketing of technologies, processes and products in a wide spectrum of industries and international markets. It has been operating for over 30 years, and currently counts on 200 employees in Israel, and additional subsidiaries in the US and Europe.

Sara Buganim and Eitan Michael, were elected as employees’ representatives by their colleagues. Their names will now be submitted to the Prime Minister’s Office and the Commissioner of the Companies Authority for approval. If approved, they will become the first employee representatives on the Rotem board of directors.

The election was conducted with the assistance of the Histadrut, which has been a longtime advocate for employee participation in corporate governance. “Employees participation in company management is especially important in the changing labor market,” said Tomer Reznik, Deputy Chairman of the Histadrut and Chairman of the Division for Industrial Democracy in the Histadrut. “It is the right thing for Rotem Industries, for the employees and for the Israeli society.”

Whilst the law allows for employees to be represented on the company’s board of directors, this has never happened before. Reznik said that the Histadrut will continue to work to promote employee participation in corporate governance in other companies. “We will do everything in our power so that more employees in companies – both government and private – follow a similar path.”

The election of employee representatives to the Rotem board of directors is a significant development for industrial democracy in Israel. It is a sign that employees are increasingly demanding a say in the management of their companies, and that companies are beginning to recognize the value of employee participation.

What does this mean for Rotem Industries? The election of employee representatives to the Rotem board of directors is a significant development for the company. It means that employees will now have a direct say in the company’s strategic direction and decision-making process. This is likely to lead to a more democratic and transparent workplace, and to better decision-making that takes into account the interests of all stakeholders. It is also likely to lead to a more motivated and engaged workforce. Employees who feel that they have a say in the company’s direction are more likely to be productive and committed to the company’s success.