Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 96

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 96
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Under Nasdaq rules, we are
required to maintain a compensation committee consisting of at least two members, all of whom are independent. In addition, in affirmatively
determining the independence of any director who will serve on the compensation committee of a board of directors, the board of directors
must consider all factors specifically relevant to determining whether a director has a relationship to the company which is material
to that director’s ability to be independent from management in connection with the duties of a compensation committee member.

As noted above, the members
of our compensation committee include Mr. Yehuda Halfon, Mr. Moshe Tal and Ms. Rakefet Remigolski, each of whom is “independent,”
as such term is defined under Nasdaq rules. Yehuda Halfon serves as the chairman of our compensation committee.

Internal Auditor

Under the Israeli Companies
Law, the board of directors of an Israeli public company must appoint an internal auditor nominated by the audit committee. Our internal
auditor is Ms. Dana Gottesman CPA, CIA, MA and partner of Risk Advisory Services Group, BDO Consulting Group. The role of the internal
auditor is to examine, among other things, whether a company’s actions comply with the law and proper business procedure. The audit
committee is required to oversee the activities, and to assess the performance of the internal auditor as well as to review the internal
auditor’s work plan. An internal auditor may not be an interested party or office holder, or a relative of any interested party
or office holder and may not be a member of the company’s independent accounting firm or its representative. The Israeli Companies
Law defines an interested party as a holder of 5% or more of the outstanding shares or voting rights of a company, any person or entity
that has the right to appoint at least one director or the general manager of the company or any person who serves as a director or as
the general manager of a company. Our internal auditor is not an employee of the company, but a partner of a firm which specializes in
internal auditing.

Remuneration of Directors

Under the Israeli Companies
Law, remuneration of directors is subject to the approval of the compensation committee, thereafter by the board of directors and thereafter,
unless exempted under the regulations promulgated under the Israeli Companies Law or under our compensation policy, by the general meeting
of the shareholders. In case the remuneration of the directors is in accordance with regulations applicable to