Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 153

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4A
Chunk 153
---
independent accountant or its representative.

The role of the internal auditor is to examine, among other things,
our compliance with applicable law and orderly business procedures. The audit committee is required to oversee the activities and to assess
the performance of the internal auditor as well as to review the internal auditor’s work plan. Mr. Yisrael Gewirtz, CPA, has been
appointed as our internal auditor. Mr. Gewirtz is a certified internal auditor and a partner of Fahn Kanne Control Management Ltd., an
affiliate of Grant Thornton LLP.

Our internal auditor also provides management and the audit committee
ongoing assessments of our risk management processes and our internal controls.

90

Approval of Related Party Transactions under Israeli Law

Fiduciary Duties of Directors and Executive
Officers

The Companies Law codifies the fiduciary duties that office holders
owe to a company. Many of the executive officers listed in the table under “ Item 6. Directors, Senior Management and Employees - 
A. Directors and Senior Management” are also office holders under the Companies Law. An office holder’s fiduciary duties consist
of a duty of care and a duty of loyalty. The duty of care requires an office holder to act with the level of care with which a reasonable
office holder in the same position would have acted under the same circumstances. The duty of loyalty requires that an office holder act
in good faith and in the best interests of the company. The duty of care includes a duty to use reasonable means to obtain (i) information
on the appropriateness of a given action submitted for his or her approval or performed by virtue of his or her position; and (ii) all
other important information pertaining to these actions. The duty of loyalty includes a duty to (i) refrain from any conflict of interest
between the performance of his or her duties in the company and his or her personal affairs; (ii) refrain from any activity that is competitive
with the business of the company; (iii) refrain from exploiting any business opportunity of the company in order to receive a personal
gain for himself or herself or others; and (iv) disclose to the company any information or documents relating to the company’s affairs
which the office holder received as a result of his or her position as an office holder.

Disclosure of Personal Interests of an Office
Holder and Approval of Certain Transactions

The Companies Law requires that an office holder promptly disclose
to the board of directors any conflict of interest (referred to under