Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 119

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 6
Chunk 119
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 Law.
 
Under the Companies Law, the Audit Committee is responsible for:
 
● Retaining and terminating our independent auditors, subject to the ratification of the Board, and in the case of retention, to that of the shareholders;
 
● Reviewing with management and our independent auditor our annual and quarterly financial results prior to publication or filing (or submission, as the case may be) to the SEC;
 
● Recommending to the Board the retention and termination of the internal auditor, and the internal auditor’s engagement fees and terms, in accordance with the Companies Law as well as approving the yearly or periodic work plan proposed by the internal auditor;
 
● Reviewing with the general counsel and external counsel, as deem necessary, legal and regulatory matters that could have a material impact on the financial statements;
 
● Identifying irregularities in our business administration, inter alia, by consulting with the internal auditor or with the independent auditor, and suggesting corrective measures to the Board; and 
 
● Determining whether there are deficiencies or irregularities in the business management practices of the company, including in consultation with the internal auditor or the independent auditor, and making recommendations to the board of directors to improve such practices;
 
● Determining the approval process for transactions with a controlling shareholder or in which a controlling shareholder has a personal interest;
 
● Determining whether to approve certain related party transactions (including transactions in which an office holder has a personal interest and whether such transaction is extraordinary or material under the Companies Law);
 
● Where the board of directors approves the working plan of the internal auditor, to examine such working plan before its submission to the board of directors and proposing amendments thereto;
 
● Examining our internal controls and internal auditor’s performance, including whether the internal auditor has sufficient resources and tools to dispose of its responsibilities;
 
● Examining the scope of our auditor’s work and compensation and submitting a recommendation with respect thereto to the board of directors or shareholders, depending on which of them is considering the appointment of our auditor; and
 
● Establishing procedures for the handling of employees’ complaints as to the management of the business and the protection to be provided to such employees.
 

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Compensation Committee
 
The Compensation Committee consists of three (3) members, David Salton, Lennie Michelson Grinbaum and Gideon Hirschfeld and assists the Board in determining compensation for InterCure’s directors and officers. The Board has determined that each member of our compensation committee is independent under the Nasdaq Rules, including the