Company: MOBBW
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001013762-25-003365
Chunk: 73

Company: Mobilicom Ltd
Filing Date: 2025-03-27
Form: 20-F
Item: Item 6
Chunk 73
---
 multi-cloud environments, from 2019 to 2021. Mr. Givoni previously held other senior and leadership roles at AlgoSec
Inc., a SaaS security policy management company for the enterprise market, in APAC from 2010 to 2019. Mr. Givoni holds a B. Sc. in Mathematics
and Computer Science from the Hebrew University of Jerusalem and an MBA in Finance from Reichman University, a joint program with the
Wharton School at the University of Pennsylvania.

Family Relationships

There
are currently no family relationships between any members of our executive management and our directors.

B. Compensation

Principles used to determine the nature and amount of remuneration

The objective of our reward
framework is to ensure reward for performance is competitive and appropriate for the results delivered. The framework aligns executive
reward with the achievement of strategic objectives and the creation of value for shareholders, and it is considered to conform to the
market best practice for the delivery of reward. Our board of directors ensures that executive reward satisfies the following key criteria
for good reward governance practices:

  Competitiveness and reasonableness  

  Acceptability to shareholders  

  Performance linkage / alignment of executive compensation  

  Transparency  

The board of directors is
responsible for determining and reviewing remuneration arrangements for its directors and executives. The performance of the company depends
on the quality of its directors and executives. The remuneration philosophy is to attract, motivate and retain high performance and high-quality
personnel.

The reward framework is designed
to align executive reward to shareholders’ interests. The board of directors has considered that it should seek to enhance shareholders’
interests by:

  having economic profit as a core component of plan design  

  focusing on sustained growth in shareholder wealth, consisting of dividends and growth in share price, and delivering constant or increasing return on assets as well as focusing the executive o...  

  attracting and retaining high calibre executives  

Additionally, the reward framework should seek
to enhance executives’ interests by:

  rewarding capability and experience  

  reflecting competitive reward for contribution to growth in shareholder wealth  

  providing a clear structure for earning rewards  

In accordance with best practice
corporate governance, the structure of non-executive director and executive director remuneration is separate.

Non-executive directors remuneration

Fees and payments to non-executive
directors reflect the demands and responsibilities of their role. Non-executive directors’ fees and payments are reviewed annually
by the board