Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 34

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 34
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 with the requirements of the Companies Law by appointing a compensation committee whose composition complies with the Nasdaq
Listing Rules. Under the Nasdaq Listing Rules, we are required to maintain a compensation committee consisting of at least two members,
each of whom qualifies as an independent director (as defined under the Nasdaq Listing Rules). Each compensation committee member must
furthermore be deemed by our board of directors to meet the enhanced independence requirements for members of the compensation committee
under the Nasdaq Listing Rules, which require that our board of directors consider (among other things) the source of each such committee
member’s compensation in determining whether he or she is independent.

Our board of directors has determined that each of the members
of our compensation committee is considered “independent” under the Nasdaq Listing Rules and meets the enhanced independence
requirements for members of the compensation committee under the Nasdaq Listing Rules and Rule 10C-1 under the Exchange Act.

88

Compensation and Nominating
Committee Role

Our board of directors (following approval by our compensation
committee) has adopted a compensation and nominating 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 compensation
committee consistent with the Nasdaq Listing Rules and the Companies Law, which include, among others:

  reviewing and recommending an overall compensation policy with respect to our Chief Executive Officer and other executive officers,  

  reviewing and approving corporate goals and objectives relevant to the compensation of our Chief Executive Officer and other executive  

  reviewing and recommending to our board of directors to approve the granting of options and other incentive awards;  

  overseeing our company’s policy for recovery of erroneously awarded compensation;  

  reviewing, evaluating and making recommendations regarding the compensation and benefits for our non-employee directors; and  

  advising our board of directors in selecting individuals who are best able to fulfill the responsibilities of a director or executive  

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

Compensation Policy under the Companies Law

In general, under the Companies Law, a public company must have
a compensation policy approved by the board of directors after receiving and considering the recommendations of the compensation committee.
In addition, our compensation policy must be approved at least once every three years, first, by our board of directors, upon recommendation
of our compensation committee, and second, by a simple majority