Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 88

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 6
Chunk 88
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the relevant meeting.

In
addition, pursuant to our Articles of Association, our board of directors may appoint new directors to fill vacancies which can occur
for any reason or as additional directors, provided that the number of board members shall not exceed the maximum number of directors
mentioned above. The appointment of a director by the board shall be in effect until the following annual general meeting of the shareholders
or until the end of his or her tenure in accordance with our Articles of Association. Our board of directors may continue to operate
for as long as the number of directors is no less than the minimum number of directors mentioned above.

Our
external directors have a term of office of three (3) years under Israeli law and may be elected for up to two additional three-year
terms, or more, under the circumstances described below. External directors may be removed from office only under the limited circumstances
set forth in the Companies Law. See “ External directors” below for a description of the procedure for the election and dismissal
of external directors.

In
addition, under the Companies Law, our board of directors must determine the minimum number of directors who are required to have financial
and accounting expertise. Under applicable regulations, a director with financial and accounting expertise is a director who, by reason
of his or her education, professional experience and skill, has a high level of proficiency in and understanding of business accounting
matters and financial statements. See “ - External directors.” He or she must be able to thoroughly comprehend the financial
statements of the company and initiate discussion regarding the manner in which financial information is presented. In determining the
number of directors required to have such expertise, the board of directors must consider, among other things, the type and size of the
company and the scope and complexity of its operations. Our board of directors has determined that we require at least one director with
the requisite financial and accounting expertise and Sharon Schreiber and Shlomo Shalev have such expertise.

Alternate
Directors

Our
Articles of Association provide, as allowed by the Companies Law, that any director may, by written notice to us, appoint another person
who is qualified to serve as a director to serve as an alternate director. An alternate director has the same rights and responsibilities
as a director, except for the right to appoint an alternate director. The appointment of an alternate director does not negate the responsibilities
of the appointing director, who will continue to bear responsibility for the actions of the alternate, giving consideration to the circumstances