Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 337

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 16G
Chunk 337
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  Compensation, Nomination and Governance Committee. Swiss law requires that we adopt a compensation committee, so in accordance with Nasdaq Listing Rule 5615(a)(3), we will follow home country r...  

Furthermore, pursuant to Swiss law,
both the number of committee members (the minimum and maximum number of compensation committee members) and the identity of the compensation
committee members is determined by our shareholders. Our home country rules also do not require us to authorize a committee of our independent
directors or alternatively hold a vote consisting of solely our independent directors in order to determine which persons shall be nominated
for election by our shareholders. Our practice will therefore vary from the requirements of Nasdaq Listing Rule 5605(d), which sets forth
certain requirements as to the responsibilities, composition and independence of compensation committees, and from the independent director
oversight of director nominations requirements of Nasdaq Listing Rule 5605(e). Furthermore, we are subject to the “ Say on Pay”
Rule in accordance with Swiss law. This means that the compensation of our board of directors and senior management must be presented
by the board of directors to our shareholders and our shareholders must vote on the proposed compensation. Furthermore, pursuant to Swiss
law, severance, certain compensations in connection with non-competes, advances, transaction premiums and similar payments to senior management
and director are prohibited.

  Code of Business Conduct and Ethics. Pursuant to Swiss law, we adopted a code of business conduct and ethics applicable to all of our directors, senior management and employees, which may not c...  
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ITEM 16H. MINE SAFETY DISCLOSURE