Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 149

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4A
Chunk 149
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 comprised of at least three directors.

Following the promulgation of the regulations described above,
we may comply with the requirements of the Companies Law by appointing an audit committee whose composition complies with the Nasdaq Listing
Rules. Under the Nasdaq Listing Rules, we are required to maintain an audit committee consisting of at least three independent directors,
each of whom is financially literate and at least one of whom has accounting or related financial management expertise.

All members of our audit committee meet the requirements for independence
and financial literacy under the Nasdaq Listing Rules. Our board of directors has determined that each of Mr. Dan Falk and Mr. Nir Nimrodi
is furthermore an audit committee financial expert, as defined by the SEC rules, and has the requisite financial experience required under
the Nasdaq Listing Rules.

Each of the members of the audit committee is also “independent”
as required by, and as such term is defined in, Rule 10A-3(b)(1) under the Exchange Act, which is different from the general test for
independence of board and committee members under the Nasdaq Listing Rules.

87

Audit Committee Role

Our board of directors (following the approval by our audit committee)
has adopted an audit committee charter setting forth the required composition, meeting procedures and other matters related to the terms
of operation of the committee. The charter also describes the responsibilities of the audit committee consistent with the rules of the
SEC and the Nasdaq Listing Rules, which include, among others:

  retaining and terminating the services of our independent auditors, subject to the approval of the board of directors and shareholders;  

  pre-approval of audit and non-audit services to be provided by the independent auditors;  

  reviewing with management and our independent directors our financial reports prior to their submission to the SEC; and  

  approval of certain transactions with office holders and other related-party transactions.  

The charter of the audit committee is available on our website.
The contents of that website do not constitute a part of this Annual Report.

Our audit committee provides assistance to our board of directors
in fulfilling its legal and fiduciary obligations in matters involving our accounting, auditing, financial reporting, internal control
and legal compliance functions by pre-approving the services performed by our independent accountants and reviewing their reports regarding
our accounting practices and systems of internal control over financial reporting. Our audit committee also oversees the audit efforts
of our independent accountants and takes those actions that it deems necessary to satisfy itself that the account