Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 230

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 6
Chunk 230
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•                            to make recommendations to the board of directors for its approval of (i) a compensation                         
     policy for office holders, (ii) once every three years whether to extend the then current compensation policy (approval of either a new  
    compensation policy or the continuation of an existing compensation policy must, in any case, occur every three years); and (iii) periodic
         updates to the compensation policy which may be required from time to time. In addition, the compensation committee is required      
                                    to periodically examine the implementation of the compensation policy; and                                
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•                                to approve transactions relating to terms of office and employment of company office                            
    holders that require the approval of the compensation committee pursuant to the Companies Law (including determining whether the compensation
                terms of a candidate for chief executive officer of the company need not be brought to approval of the shareholders).            
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In addition, our Compensation Committee makes recommendations to the board of directors regarding equity compensation (with the board also approving the compensation of our executive officers) and administers our share incentive plan.
 
Compensation Policy
 
Under the Companies Law, the board of directors of a publicly traded company is required to adopt a compensation policy according to which the compensation of the company’s office holders will be determined. The compensation policy must be approved at least once every three years by the board of directors, after considering the recommendations of the compensation committee, and subject to limited exceptions, by the shareholders of the company by a majority vote of the shares present and voting at a shareholder meeting on the matter, subject to a certain special majority requirement, or the Special Majority for Compensation, as set forth in the Companies Law, pursuant to which one of the following must be met:

•                              the majority of the votes voted in favor includes at least a majority of all the votes                           
    of shareholders who are not controlling shareholders of the company and shareholders who do not have a personal interest in the compensation
                                        policy, present and voting on the matter (excluding abstentions); or                                    
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•                    the total of opposing votes from among the shareholders who are non-controlling shareholders                 
    and shareholders who do not have a personal interest in the matter does not exceed 2% of all the voting rights in the company.
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Nonetheless, even if the shareholders of the company do not approve the compensation policy, the board of directors may still approve the compensation policy, provided that the compensation committee and, thereafter, the board of directors determine, based on detailed, documented,