Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 147

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4A
Chunk 147
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 of our issued and outstanding shares. In each case, the observer is entitled to be advised reasonably in advance of
board meetings and is to receive copies of all material distributed in connection with such meetings. The observer would not have any
voting rights. To our knowledge, as of the date of this report, Monsanto and Bayer hold less than the percentage required for the purpose
of appointing an observer, and as of the date of this Annual Report, neither Monsanto nor Bayer has appointed an observer.

Chairperson of the Board

Our articles of association provide that the chairperson of the
board is appointed by the members of the board of directors and serves as chairperson of the board throughout his term as a director,
unless resolved otherwise by the board of directors. Under the Companies Law, the general manager (i. e., the Chief Executive Officer)
or a relative of the general manager may not serve as the chairperson of the board of directors, and the chairperson or a relative of
the chairperson may not be vested with authorities of the general manager, in each case without shareholder approval consisting of a majority
vote of the shares present and voting at a shareholders meeting, provided that either:

  such majority includes at least 2/3 of the shares held by all shareholders who are not controlling shareholders and do not have a  

  the total number of shares of non-controlling shareholders who do not have a personal interest in such appointment voting against  

In addition, a person subordinated, directly or indirectly, to
the general manager may not serve as the chairperson of the board of directors; the chairperson of the board may not be vested with authorities
that are granted to those subordinated to the general manager; and the chairperson of the board may not serve in any other position in
the company or a controlled company, except that he may serve as a director or chairperson of a subsidiary.

86

External Directors

In general, under the Companies Law, the board of directors of
an Israeli public company (such as ours) is required to include at least two external directors. According to regulations promulgated
under the Companies Law, a person may be appointed as an external director if such person has either professional qualifications or accounting
and financial expertise. In addition, at least one of the external directors must be determined by our board of directors to have accounting
and financial expertise.

However, pursuant to regulations enacted under the Companies Law
in 2016, the board of directors of a company whose shares are