Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 92

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 6
Chunk 92
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 consists of three, including two members who are external directors or independent directors as defined
in the Companies Law, and all of whom are independent as defined in SEC rules and regulations, and Nasdaq Marketplace Rules.

Internal
Auditor

Under
the Companies Law, the board of directors is required to appoint an internal auditor recommended by the audit committee. Our current
internal auditor is Daniel Shapira. The role of the internal auditor is to examine, among other things, whether the company’s actions
comply with applicable law and proper business procedures. The internal auditor may not be an interested party, a director or an officer
of the company, or a relative of any of the foregoing, nor may the internal auditor be our independent accountant or a representative
thereof.

Fiduciary
Duties and Approval of Related Party Transactions

Fiduciary
Duties of Directors and Officers

Israeli
law imposes a duty of care and a duty of loyalty on all directors and officers of a company. The duty of care requires a director or
officer to act with the level of care with which a reasonable director or officer in the same position would have acted under the same
circumstances. The duty of care includes, among other things, a duty to use reasonable means, under the circumstances, to obtain information
on the advisability of a given action brought for his approval or performed by virtue of his position and other important information
pertaining to such action. The duty of loyalty requires the director or officer to act in good faith and for the benefit of the company.

Approval
of Related Party Transactions

Under
the Companies Law, a related party transaction may be approved only if it is for the benefit of the company. A transaction that is not
an extraordinary transaction in which a director or officer has a personal interest requires the approval of the board of directors,
unless the articles of association of the company provide otherwise. If the transaction is an extraordinary transaction, it must be approved
by the audit committee and the board of directors, and, under certain circumstances, by the shareholders of the company. An “extraordinary
transaction” is a transaction other than in the ordinary course of business, other than on market terms or that is likely to have
a material impact on the company’s profitability, assets or liabilities.

Pursuant
to the Companies Law, extraordinary transactions in which a controlling shareholder has a personal interest require the approval of the
audit committee, or the compensation committee if the transaction is in connection