(Bloomberg) -- Israel's Supervisor of Banks is working to increase the number of women on the boards of the country's lenders, the Bank of Israel said on Monday.
The regulator has submitted to the banks a draft amendment aimed at ensuring adequate representation for both genders according to their share of the population.
The proposed amendment would require the banks to set a policy for the rate of gender diversity in its board and a time frame for achieving the target, as well as milestones in the implementation process.
Read: Israel's Securities Regulator Seeks More Women in Boardrooms
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