Corporate Governance

IC Green Energy Ltd. has an active Board of Directors that meets from time to time, but at least once a quarter. The Board comprises leading individuals from the fields of business, finance and economics, venture capital, alternative energy, technology and entrepreneurship.

Members of the Board are appointed at the company's annual General Meeting. The current active Chairman of the Board is Mr. Nir Gilad, CEO of Israel Corp.

A majority of the Board possesses accounting and financial expertise or professional capabilities, as defined in the Israeli companies Law, as amended.

The Board has established a number of committees including an Investment Committee and an Audit Committee. 

The Board's powers and authorities are defined by the Company's Articles of Association and the Israeli Companies Law, as amended. The Board, inter alia, establishes the company's policies and supervises the activities of its management.

Fossil fuel
An energy source formed in the Earth's crust from decayed organic material. The common fossil fuels are petroleum, coal, and natural gas.
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Hybrid system
A power generating system that has more than one power source such as: photovoltaic, wind or hydro
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Turbine
A machine for generating rotary mechanical power from the energy of a stream of fluid (such as water, steam, or hot gas). Turbines convert the kinetic energy of fluids to mechanical energy through the principles ...
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Parabolic dish
A high-temperature solar thermal concentrator, generally bowl-shaped, with two-axis tracking.
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Renewable energy resources
Energy resources that are naturally replenishing but flow-limited. They are virtually inexhaustible in duration but limited in the amount of energy that is available per unit of time. Renewable energy resources include biomass, hydro, geothermal, ...
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Crystalline silicon
A pv cell made of either a single crystalline or poly crystalline structure which have a controlled direction of
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Parabolic trough
A type of solar concentrator collector that has a linear parabolic shaped reflector that focuses the sun’s radiation on a receiver at the focus of the reflector.
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Wind energy
Kinetic energy present in wind motion that can be converted to mechanical energy for driving pumps, mills, and electric power generators.
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Cogeneration
The production of electrical energy and another form of useful energy (such as heat of steam) through the sequential use of energy.
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Temperature coefficient
 The amount that the voltage, current, and/or power output of a solar cell changes due to a change in the cell temperature.
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Solar thermal parabolic dishes
A solar thermal technology that uses a modular mirror system that approximates aparabol a and incorporates two-axis tracking to focus the sunlight onto receivers located at the focal point of each dish. The primary ...
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Energy efficiency
Refers to activities that are aimed at reducing the energy used by substituting technically more advanced equipment, typically without affecting the services provided. Examples include high-efficiency appliances, efficient lighting programs, high-efficiency heating, ventilating and air ...
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Photovoltaic cell
An electronic device consisting of layers of semiconductor materials fabricated to form a junction (adjacent layers of materials with different electroniccharacteristics) and electrical contacts and being capable of converting incident light directly into electricity (direct ...
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Emission
A discharge or something that is given off; generally used in regard to discharges into the air. Or, releases of gases to the atmosphere from some type of human activity (cooking, driving a car, etc). ...
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Ethanol
A colorless liquid that burns to produce water and carbon dioxide. The vapor forms an explosive mixture with air and may be used as a fuel in internal combustion engines.
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Power-generating efficiency
The percentage of the total energy content of a power plant’s fuel which is converted into electric energy. The remaining energy is lost to the environment as heat.
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Greenhouse Emissions
Waste gases given off by industrial and power plants, automobiles and other processes.
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Concentrating solar power
A solar energy conversion system characterized by the optical concentration of solar rays through an arrangement of mirrors to generate a high temperature working fluid. Concentrating solar power (but not Solar thermal power) may also ...
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Efficiency
This is the ratio of power put in verses power outputted. Usually shown as a percentage
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Biomass
Any organic (plant or animal) material which is available on a renewable basis, including agricultural crops and agricultural wastes and residues, wood and wood wastes and residues, animal wastes, municipal wastes, and aquatic plants.
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Feedstock
The biomass used in the creation of a particular biofuel (e.g., corn or sugarcane for ethanol, soybeans or rapeseed for biodiesel).
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Solar radiation
A general term for the visible and near visible (ultraviolet and near-infrared) electromagnetic radiation that is emitted by the sun. It has a spectral, or wavelength,distribution that corresponds to different energy levels; short wavelength radiation ...
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Biofuels
Liquid fuels and blending components produced from biomass (plant) feedstocks, used primarily for transportation.
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Radiation
Any high-speed transmission of energy in the form of particles or electromagnetic waves.
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