The Company's Board of Directors, including through the finance and investments committee and the trade committee, discuss the Group's exposure to market risks, set market risk management policy, receive reports from the management members responsible for market risk management and monitor implementation of the policy by the Group's management. [...] The trade committee of the Company's Board of Directors discusses the Group's exposure to changes in the price of crude oil, refining margins, and polymers. Most of the decisions of the trade committee on this matter aim to reduce the Group's cash flow exposure from the effect of changes in the price of crude oil and on the raw materials and finished products inventory of the Group companies and changes in margins for refining and polymers. [...] The finance committee of the Company's Board of Directors discusses the Group's exposure to liquidity risk, changes in the exchange rate and interest rate, investment policy, cash balances, and customer credit policy. Most of the resolutions of the finance committee on this subject aim to reduce the Group's exposure to liquidity risk, changes in the USD exchange rate against the NIS and EUR, variable interest rates (mainly LIBOR), and credit risks in trade receivables, cash, and deposits.