Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 320

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 6
Chunk 320
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 management expertise. We have complied with this requirement in accordance with Nasdaq Listing Rule 5615(b)(1).

Our audit committee currently consists of Gian-Marco Rinaldi, Florence Allouche Aknin and Olivier Samuel, who meet the requirements for financial literacy under Nasdaq rules. Mr. Rinaldi serves as chairperson of the audit committee and our board of directors has determined that Mr. Rinaldi is an “audit committee financial expert” as defined by the SEC rules and has the requisite financial experience as defined by the Nasdaq Listing Rules.

 

The audit committee is governed by a charter that complies with Nasdaq rules. The audit committee has the responsibility to, among other things:

●                                                   consider and make recommendations                                                
    to the board of directors on our financial statements, review and discuss the financial statements with the senior management and
        the company’s external independent auditor and present its recommendations with respect to the financial statements to the   
                board of directors prior to the approval of the financial statements at the general shareholders’ meeting;           
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●                                    oversee our independent                                  
    auditor and engage and determine compensation or termination of engagement of our auditor;
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●                           determine and pre-approve                         
    the terms of certain audit and non-audit services provided by our auditor;
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●                                                         review and monitor, if                                                      
    applicable, legal matters with significant impact and findings of regulatory authorities, receive reports regarding irregularities
     and legal compliance, and make recommendations to our board of directors if so required, and oversee our policies and procedures 
                regarding compliance to applicable financial and accounting related standards, rules and regulations; and             
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●                                                review and assess the independent                                              
    auditor’s report, management letters and take notice of all comments of the independent auditor on accounting procedures and
                      systems of control and review the independent auditor’s reports with senior management.                   
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Compensation, Nomination and Governance Committee

The members of our compensation, nomination and governance committee are currently Ronald Hafner and Gian-Marco Rinaldi Diaz de la Cruz with Ronald Hafner serving as chairperson. The compensation, nomination and governance committee assists our board of directors in overseeing our cash compensation and equity award recommendations for our senior management along with the rationale for such recommendations, as well as summary information regarding the aggregate compensation provided to our senior management. Swiss law requires that we adopt a compensation committee, so in accordance with Nasdaq Listing Rule 5615(a)(3), we