Company: NCEL
Filing Date: 2025-07-18
Form Type: F-4/A
Source: 0001213900-25-065783
Chunk: 479

Company: NewcelX Ltd.
Filing Date: 2025-07-18
Form: F-4/A
Chunk 479
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 best interests of the Company and its shareholders. After each meeting, the Audit Committee chairperson reports to the chairperson of the NLS Board and updates the NLS Board at its next meeting regarding the Audit Committee’s activities, decisions, and discussions. Urgent matters are communicated promptly to the chairperson of the NLS Board. 256 Compensation, Nomination and Governance Committee The compensation, nomination and governance committee of NLS, or Compensation Committee, combines compensation responsibilities (developing guidelines, setting NLS Board and executive pay, overseeing incentive structures) with the NLS Board and committee nomination duties (identifying candidates, ensuring independence), and corporate governance oversight (recommending policies, conducting self -evaluations). The Compensation Committee is a permanent committee of the NLS Board, elected annually by shareholders from among the NLS Board members. The purpose of the Compensation Committee is to assist the NLS Board with responsibilities relating to compensation of the NLS Board and executive officers, to identify and recommend qualified individuals to serve on the NLS Board; develop NLS Board membership criteria, to oversee NLS’s governance framework and policies in a leadership role and to coordinate the annual evaluation of the NLS Board and its committees. The Compensation Committee is composed of at least two members of the NLS Board. They are elected by the shareholders meeting annually at the ordinary shareholders’ meeting. The chairperson is appointed by the NLS Board. If there are vacancies on the Compensation Committee and the number of members falls below the minimum of two, the NLS Board elects a member of the NLS Board for the remaining term of office. The Compensation Committee meets as often as required to fulfill its duties, but at least once per fiscal year. The chairperson schedules and presides over meetings, and approves and distributes agendas in advance. A majority of Compensation Committee members present constitutes a quorum, and decisions require a majority vote. Action without a meeting is allowed through unanimous written consent. The Compensation Committee has the following roles and responsibilities: With regard to compensation guidelines:(a) prepare and recommend remuneration principles, or the Guidelines, for the NLS Board and Executive Officers and (b) annually review these Guidelines to ensure they align with market conditions, are consistent with NLS’s and the individual’s performance and recent compensation history, and aligns with the interests of the NLS Board and executive officers. With regard to the NLS Board compensation:(a) propose to the NLS Board the maximum aggregate compensation for the NLS Board to be approved by shareholders,