The initiative was introduced by President Shimon Peres and medals will be awarded by the president to people who have made an extraordinary contribution to the State of Israel or humanity with their talents, services or in other ways.
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The purpose of the medal is to allow the president to express his esteem and respect for deserving people while encouraging the public to contribute talents and energy for the State's benefit and for the benefit of the world.
In order to be eligible for the medal, candidates need to meet one of three criteria: Unique contribution to Israel or the world, increasing Israel's prestige in the world or being an model of entrepreneurship, innovation, creativity and vision.
The candidates will be selected by a committee headed by former Supreme Court President Meir Shamgar. Members include one former president, academics and business leaders.
The rules state that any person is eligible for the "President's Medal" including non-Israelis.
The President's Residence is hard at work designing the medal and has approached various designers for suggestions. The President's Medal will be an honorary medal and will not be accompanied by a financial reward. It will be awarded annually in a number of ceremonies; no limit has been set on the number of recipients.
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