Gilat - Investors - Corporate Governance

Introduction Financial Information Corporate Governance Stock Quote IR Events & Presentations IR Contacts List of Analysts FAQ		Corporate Governance Everyone at Gilat Satellite Networks Ltd. is committed to promoting corporate fairness, transparency and accountability. Our Code of Ethics is not just for our employees, but for all directors, employees and agents who are subject to our supervision and control. In addition, local laws may create additional obligations to comply with and to help us comply with other rules. Since the actions of our employees may be attributable to us, we insist that all employees and others representing Gilat conduct themselves in accordance with our Code of Ethics and help us comply with applicable local laws. For further information on our Committee members and Corporate Secretary noted below, please see our Board of Directors. Corporate Governance Practices Under NASDAQ Marketplace Rule 4350, or Rule 4350, foreign private issuers, such as our company, are permitted to follow certain home country corporate governance practices instead of certain provisions of Rule 4350. A foreign private issuer that elects to follow a home country practice instead of any of such provisions of Rule 4350, must submit to NASDAQ, in advance, a written statement from an independent counsel in such issuer's home country certifying that the issuer's practices are not prohibited by the home country's laws. On October 23, 2007, we provided NASDAQ with a notice of non-compliance with respect to the requirement to obtain shareholder approval for the establishment or material amendment of certain equity based compensation plans and arrangements, under which shares may be acquired by officers, directors, employees or consultants. Under Israeli law and practice, the approval of the board of directors is required for the establishment or material amendment of such equity based compensation plans and arrangements. However, any equity based compensation arrangement with a director or the material amendment of such an arrangement must be approved by our audit committee, board of directors and shareholders, in that order. Audit and Compensation Committees Haim Benjamini Dr. Leora Meridor Karen Sarid Izhak Tamir Corporate Secretary Rachel Prishkolnik		Articles of Association Download Audit Committee Charter Download Code of Ethics Download Compensation Committee Charter Download Insider Trading Policy Download

Corporate Governance

Everyone at Gilat Satellite Networks Ltd. is committed to promoting corporate fairness, transparency and accountability. Our Code of Ethics is not just for our employees, but for all directors, employees and agents who are subject to our supervision and control. In addition, local laws may create additional obligations to comply with and to help us comply with other rules.

Since the actions of our employees may be attributable to us, we insist that all employees and others representing Gilat conduct themselves in accordance with our Code of Ethics and help us comply with applicable local laws.

For further information on our Committee members and Corporate Secretary noted below, please see our Board of Directors.

Corporate Governance Practices

Under NASDAQ Marketplace Rule 4350, or Rule 4350, foreign private issuers, such as our company, are permitted to follow certain home country corporate governance practices instead of certain provisions of Rule 4350. A foreign private issuer that elects to follow a home country practice instead of any of such provisions of Rule 4350, must submit to NASDAQ, in advance, a written statement from an independent counsel in such issuer's home country certifying that the issuer's practices are not prohibited by the home country's laws.

On October 23, 2007, we provided NASDAQ with a notice of non-compliance with respect to the requirement to obtain shareholder approval for the establishment or material amendment of certain equity based compensation plans and arrangements, under which shares may be acquired by officers, directors, employees or consultants. Under Israeli law and practice, the approval of the board of directors is required for the establishment or material amendment of such equity based compensation plans and arrangements. However, any equity based compensation arrangement with a director or the material amendment of such an arrangement must be approved by our audit committee, board of directors and shareholders, in that order.

Audit and Compensation Committees

Haim Benjamini

Dr. Leora Meridor

Karen Sarid

Izhak Tamir

Corporate Secretary

Rachel Prishkolnik