Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 140

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 16G
Chunk 140
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ITEM 16G. CORPORATE GOVERNANCE

We are a “foreign private
issuer” (as such term is defined in Rule 405 under the Securities Act). As a foreign private issuer, we are permitted to follow
home country corporate governance practices instead of certain Nasdaq corporate governance rules, provided that we disclose which of
the Nasdaq requirements we are not following and the home country practice we intend to follow in lieu of such requirements. Pursuant
to this “home country practice” exemption, we intend to follow Israeli practices in the following matters:

  Nomination of                                                                                                                        

  Quorum at Shareholder                                                                                                                
  Meetings. As permitted under the Companies Law and pursuant to the Amended Articles, the quorum required for a general meeting       
  of our shareholders consists of at least two shareholders, present in person or by proxy, who hold or represent at least 33 1/3% of  
  the total voting power of our ordinary shares, provided, however, if any general meeting of shareholders was initiated by and        
  convened pursuant to a resolution adopted by the board of directors, then the requisite quorum will consist of two or more           
  shareholders, present in person or by proxy, who hold or represent at least 25% of the total voting power of our ordinary shares     
  (for so long as such 25% quorum is permitted under stock exchange rules and regulations applicable to us, and if not so permitted,   
  then the above 33⅓% quorum shall apply). If the meeting is adjourned for a lack of quorum, the quorum for such adjourned             
  meeting will be, subject to applicable law and stock exchange rules and regulations, any number of shareholders regardless of the    
  number of shares held or represented by them;                                                                                        
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  Proxy Solicitation and                                                                                                              

  Review and Approval                                                                                                                  
  of Related-Party Transactions. Related-party transactions will be reviewed and approved in accordance with the                       
  requirements and procedures prescribed by the Companies Law, which generally require the approval of the audit committee, or the     
  compensation committee, as the case may be, the board of directors and, if applicable, shareholders, for transactions, including     
  with respect to compensation, with directors, officers and controlling shareholders, rather than being reviewed and approved by the  
  audit committee or other independent body of the board of directors as