Directors, be Careful - Environmental Laibility
Ecology & Environment Vol. 2Tzvi Levinson and Gil Dror, Advocates May 2010
To date, a director could be satisfied with the number of meetings in which the Board reported (or not reported) the company's environmental situation, and perhaps also proposed improvements in the situation and help determine the strategy for action on the issue. Now, the exposure created by the Clean Air Act for directors is so great that a director can not remain indifferent about the company's environmental activities. Illustrates the continuation of the Israeli environmental legislation trend which began in the Non Ionizing Radiation Law - 2006 and continued with Tires Disposal and Recycling Law - 2007. The big difference is that while the obligations to obtain permits to radiation and removing tires and recycle them apply to a limited segment of the manufacturing sector, it is hard to imagine any industrial plant, which does not emit pollutants into the air. The Clean Air Law in effect created a substantial change and its aspects of the change are reviewed in the article.