Company: ZNOG
Filing Date: 2025-03-28
Form Type: PRE 14A
Source: 0001437749-25-009798
Chunk: 56

Company: ZION OIL & GAS INC
Filing Date: 2025-03-28
Form: PRE 14A
Chunk 56
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 to ensure that key business issues and interests of the Company’s stakeholders (stockholders, employees, communities and prospective investors) are communicated to the Board.

The Board believes that other elements of the Company’s corporate structure ensure that independent directors can perform their role as independent fiduciaries in the Board’s oversight of management and our business and minimize any potential conflict that may result. In this regard, it shall be noted that Mr. Oroian serves as Lead Independent Director. Our Corporate Governance Guidelines provide that our independent directors will meet in executive session at least annually., and more frequently as needed at the call of one or more independent directors. These executive sessions are presided over by the Lead Independent Director or, if the Lead Independent Director is not in attendance, by another person chosen by the independent directors.

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LEAD INDEPENDENT DIRECTOR

The Lead Independent Director serves a valuable role in leading the Board and creating an atmosphere, in which the Board can enhance the Company’s success. The Lead Independent Director’s significant responsibilities are to:

| • | act as a liaison between the independent directors and the Chairman and management, including with regard to the interest of the independent directors in having particular issues or topics addressed in a Board meeting: |

| • | set the agendas for, call for, and preside over the executive sessions of the independent directors, which typically is conducted at the annual Board meeting, but can be conducted at any Board meeting as needed by the Lead Independent Director; |

| • | brief the Chairman, CEO and management, as needed, on the issues discussed in the executive sessions; |

| • | collaborate with the Chairman and CEO on the agendas for the meetings of the Board (including schedule and materials); |

| • | have the ability to call Special meetings of the Board and determine the agenda for such Special Board meeting; |

| • | coordinate the retention of consultants and advisors who report directly to the Board on Board matters (as opposed to committee consultants and advisors); |

| • | facilitate and assist the Nominating & Corporate Governance Committee with Board, committee and director evaluations; |

| • | assist the Chairman, CEO and Chair of the Compensation Committee with succession planning, as necessary; |

| • | foster a respectful atmosphere, in which directors feel comfortable asking questions, providing insight and engaging in dialogue; |

| • | frequently meet with management to preview significant matters expected to be presented to the Board; and |

| • | as needed or requested by the Board, perform other corporate governance duties