Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 231

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 6
Chunk 231
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 the chairperson of the board of directors, and the
chairperson of the board of directors, or a relative of the chairperson, may not be vested with authorities of the Chief Executive Officer
unless approved by a special majority of the company’s shareholders. We have received such approval from a special majority of our
shareholders in December 2021, which is effective for a period of five years from the closing of the Business Combination.

In addition, a person who
is subordinated, directly or indirectly, to the chief executive officer may not serve as the chairperson of the board of directors, the
chairperson of the board of directors may not be vested with authorities that are granted to persons who are subordinated to the chief
executive officer, and the chairperson of the board of directors may not serve in any other position in the company or in a controlled
subsidiary, but may serve as a director or chairperson of a controlled subsidiary.

External directors

Under the Companies Law, companies
incorporated under the laws of the State of Israel that are “public companies,” including companies with shares listed on
Nasdaq, are required to appoint at least two external directors. Pursuant to regulations promulgated under the Companies Law, companies
with shares traded on certain U. S. stock exchanges, including Nasdaq, which do not have a “controlling shareholder,” may,
subject to certain conditions, “opt out” from the Companies Law requirements to appoint external directors and related Companies
Law rules concerning the composition of the audit committee and compensation committee of the board of directors. In accordance with these
regulations, we have elected to “opt out” from the Companies Law requirement to appoint external directors and related Companies
Law rules concerning the composition of the audit committee and compensation committee of our board of directors.

Audit Committee

Companies Law requirements

Under the Companies Law, the
board of directors of a public company must appoint an audit committee.

Listing requirements

Under the listing rules of
the Nasdaq, we are required to maintain an audit committee consisting of at least three independent directors, each of whom is financially
literate and one of whom has accounting or related financial management expertise.

Our audit committee consists
of Alan Adler, Ruth Alon and David Milch. David Milch serves as the chairperson of the audit committee. All members of our audit committee
meet the requirements for financial literacy under the applicable rules and regulations of the SEC and the listing rules of the Nasdaq.
Our board