Jerusalem, 15 September, 2026 (TPS-IL) — Judge Michal Agmon-Gonen of the Tel Aviv District Court’s Economic Division suggested that courts could eventually require directors of major corporations with significant public impact to consider the broader social consequences of their decisions, without waiting for new legislation.
Israeli law currently says boards “may” consider employees, creditors and the public when pursuing profits, rather than requiring them to do so.
Agmon-Gonen was part of the team that assisted Justice Aharon Barak in drafting Israel’s Companies Law 25 years ago. Her remarks echo a proposal by Prof. Eli Bukspan of Reichman University to make such considerations mandatory.
She cited Meta’s roughly $18 billion settlement with U.S. states over claims its platforms were designed to addict minors. However, Supreme Court Justice Ruth Ronen recently reaffirmed profit maximization as corporate law’s “guiding overarching principle,” highlighting the continuing debate.
