Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 238

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 6
Chunk 238
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 of directors of a public company must appoint an internal auditor based on the recommendation of the audit committee. The role of
the internal auditor is, among other things, to review the company’s compliance with applicable law and orderly business procedure.
Under the Companies Law, the internal auditor cannot be an interested party, an office holder, or a relative of an interested party or
an office holder. Nor may the internal auditor be the company’s independent auditor or its representative. An “interested
party” is defined in the Companies Law as (i) a holder of 5% or more of the issued share capital or voting power in a company, (ii)
any person or entity who has the right to designate one or more directors or to designate the chief executive officer of the company,
or (iii) any person who serves as a director or as chief executive officer of the company. The company has appointed Yisrael Gewirtz,
CPA, of Fahn Kanne Control Management Ltd. (Grant Thornton Israel), as the company’s internal auditor in accordance with applicable
law.

Fiduciary Duties and Approval of Related Party
Transactions under Israeli Law

Fiduciary duties of directors and
executive officers

The Companies Law codifies
the fiduciary duties that office holders owe to a company. An office holder is defined in the Companies Law as a general manager, chief
business manager, deputy general manager, vice general manager, any other person assuming the responsibilities of any of these positions
regardless of such person’s title, a director, and any other manager directly subordinate to the general manager. Each person listed
in the table under “Our Management-Management and Board of Directors” is an office holder under the Companies Law.

An office holder’s fiduciary
duties consist of a duty of care and a duty of loyalty. The duty of care requires an office holder to act with the level of care with
which a reasonable office holder in the same position would act under the same circumstances. The duty of care includes, among other things,
a duty to use reasonable means, in light of the circumstances, to obtain:

  information on the business advisability of a given action brought for the office holder’s approval or performed by virtue of the office holder’s position; and  

  all other important information pertaining to such action.  

The duty of loyalty requires
an office holder to act in good faith and in the best interests of the Company, and includes, among other things, the duty to