Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 148

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 148
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 be approved, in special circumstances, subject to two cumulative         
  conditions: (i) the compensation committee and thereafter the board of directors, approved the terms after having taken into account the          
  various considerations and mandatory requirements set forth in the Companies Law with respect to a compensation policy and (ii) the shareholders  
  of the company have approved the terms by means of the Special Majority for Compensation. However, a company’s compensation committee             
  and board of directors, may, in special circumstances approve the compensation of a chief executive officer (who is not a director) that          
  is not approved by shareholders despite shareholder objection, provided that the company’s compensation committee and thereafter                  
  the board of directors have determined to approve the compensation, based on detailed reasoning, after each having re-discussed the terms         
  of office and employment, and after examining the objection of the shareholders. In addition, the compensation committee may exempt from          
  shareholder approval the compensation terms of a candidate for the office of chief executive officer where such officer has no prior business     
  relationship with the controlling shareholder or the company, if it has found, based on detailed reasons, that bringing the compensation          
  to the approval of the shareholders would impede the employment of such candidate by the company, provided that the terms of office and           
  employment are in accordance with the company’s compensation policy.                                                                              
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  Directors. The compensation of a director                                                                                                     
  (who is not the chief executive officer) of a public company generally requires approval by the (i) compensation committee; (ii) the board    
  of directors; and (iii) unless exempted under regulations promulgated under the Companies Law, the shareholders of the company. Approval      
  of terms of the compensation of directors of a company which do not comply with the compensation policy may nonetheless be approved, in       
  special circumstances, subject to two cumulative conditions: (i) the compensation committee and thereafter the board of directors, approved   
  the terms after having taken into account the various considerations and mandatory requirements set forth in the Companies Law with respect   
  to a compensation policy and (ii) the shareholders of the company have approved the terms by means of the Special Majority for Compensation.  
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82

With respect to compensation of an officer (including a chief
executive