Company: RSKD
Filing Date: 2025-03-06
Form Type: 20-F
Source: 0001851112-25-000006
Chunk: 135

Company: RISKIFIED LTD.
Filing Date: 2025-03-06
Form: 20-F
Item: Item 6
Chunk 135
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Our amended and restated articles of association provide that the chairperson of the board of directors is appointed by the members of the board of directors from among them. Under the Companies Law, the chief executive officer of a public company, a relative of the chief executive officer or a person who is subordinated, directly or indirectly, to the chief executive officer, may not serve as the chairperson of the board of directors, and the chairperson of the board of directors, or a relative of the chairperson, may not be vested with authorities of the chief executive officer, or of persons who are subordinated to the chief executive officer, unless approved by a special majority of the company’s shareholders.

The shareholders’ approval can be effective for a period of five years following an initial public offering, and subsequently, for additional periods of up to three years.

During a special and annual general meeting of our shareholders prior to our IPO, our shareholders approved, by a special majority, the appointment of Mr. Gal as chairperson of our board of directors in addition to his role as our chief executive officer. Such appointment is valid for an initial term of five years from the closing of our IPO. Following such initial term, each renewal of the appointment of our chief executive officer as chairperson of the board of directors will be subject to shareholder approval by a special majority, as described above, and will be limited to a term of up to three years.

Lead Independent Director

For as long as the chairperson of our board of directors is a member of our management or is otherwise not independent pursuant to the NYSE rules, our board of directors may appoint a lead independent director. The lead independent director responsibilities include:

• presiding over all meetings of the board of directors at which the chairperson of the Board is not present, including any executive sessions of the independent directors;

• approving information sent to the board of directors;

• approving board of director meeting schedules and agendas to provide that there is sufficient time for discussion of all agenda items;

• acting as the liaison between the independent directors and the chief executive officer and chairperson of the board of directors; and

• being available for consultation and communication with major shareholders upon request.

As Mr. Gal is currently our chief executive officer and the chairperson of our board of directors, the members of our board of directors have elected Dr. Kishon to serve as the lead independent director.

External Directors

Under the Companies Law, companies incorporated under the laws of the State of Israel that are “public companies,” including companies with