The Israeli Directors' Union was established under the initiative of Prof. Joseph Gross, Esq., who serves as Chairman of the Union. A number of entities has joined, including the Faculty of Management at Tel Aviv University, Israeli Corporate Governance Chair at Bar Ilan University, LAHAV Executive Education at Tel Aviv University, the Israeli Association of Publicly Traded Companies and SRI Global Group.

The IDU was created in a manner similar to analogous organizations, which for years have been operating in the United States, England, Australia, New Zealand, Canada, Europe and other countries, and collaborating with them with the intention to create multinational companies, as well as to participate in international conferences, exchange information and more.

IDU brings together directors and boards of directors of public companies, large private companies, state-owned companies, municipal companies and large institutions.