Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 85

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 85
---
 officers, we do not have written agreements with any director providing for benefits upon the termination
of his directorship with our company.

  Board Practices  

Introduction

Our board of directors presently
consists of six members. Under the Israeli Companies Law, an Israeli company whose shares have been offered to the public or whose shares
are listed for trading on a stock exchange in or outside of Israel is required to appoint at least two external directors to serve on
its board of directors. However, pursuant to regulations under the Israeli Companies Law, a board of directors is not required to have
external directors if: (i) the company does not have a controlling shareholder (as such term is defined in the Israeli Companies Law);
(ii) a majority of the directors serving on the board of directors are “independent,” as defined under Nasdaq Rule 5605(a)(2);
and (iii) the company follows Nasdaq Rule 5605(e)(1), which requires that the nomination of directors be made, or recommended to the board
of directors, by a nominating committee of the board of directors consisting solely of independent directors, or by a majority of independent
directors. In 2021, our board of directors approved that the Company meets all of the above requirements and therefore has resolved to
adopt the corporate governance exemption set forth above, and accordingly, we are currently not required to appoint external directors
as such are defined in the Israeli Companies Law. The directors, Mr. Yehuda Halfon and Mr. Moshe Tal, each of whom was previously appointed
as external directors, and Ms. Rakefet Remigolski, are “independent” for purposes of the Nasdaq Stock Market rules. Our amended
and restated articles of association provide that the number of board of directors’ members shall be set by our board of directors,
provided that it will consist of not less than three and not more than twelve. Pursuant to the Israeli Companies Law, the management of
our business is vested in our board of directors. Our board of directors may exercise all powers and may take all actions that are not
specifically granted to our shareholders or to management. Our executive officers are responsible for our day-to-day management and have
individual responsibilities established by our board of directors. Our Chief Executive Officer and all other executive officers are appointed
by, and serve at the discretion of, our board of directors, subject to the employment or services agreement that we have entered into
with them. Their terms of employment are