Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 88

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 6
Chunk 88
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 chief executive officer; and the chairman may not serve in any other position in the company or a controlled
company, but he or she may serve as a director or chairman of a controlled company. However, the Israeli Companies Law permits a company’s
shareholders to determine, for a period not exceeding three years from each such determination, that the chairman or his or her relative
may serve as chief executive officer or be vested with the chief executive officer’s authorities, and that the chief executive officer
or his or her relative may serve as chairman or be vested with the chairman’s authorities. Such determination of a company’s
shareholders requires either: (1) the approval of at least a majority of the shares of those shareholders present and voting on the matter
(other than controlling shareholders and those having a personal interest in the determination) (shares held by abstaining shareholders
shall not be considered); or (2) that the total number of shares opposing such determination does not exceed 2% of the total voting power
in the company. Currently, we have a separate chairman and chief executive officer.

The board of directors may,
subject to the provisions of the Israeli Companies Law, delegate any or all of its powers to committees of the board, and it may, from
time to time, revoke such delegation or alter the composition of any such committees, subject to certain limitations. Unless otherwise
expressly provided by the board of directors, the committees shall not be empowered to further delegate such powers. The composition and
duties of our audit committee, financial statement examination committee and compensation committee are described below.

The board of directors oversees
how management monitors compliance with our risk management policies and procedures, and reviews the adequacy of the risk management framework
in relation to the risks faced by us. The board of directors is assisted in its oversight role by an internal auditor. The internal auditor
undertakes both regular and ad hoc reviews of risk management controls and procedures, the results of which are reported to our audit
committee.

External Directors

Under the Israeli Companies
Law, except as provided below, companies incorporated under the laws of the State of Israel that are publicly traded, including Israeli
companies with shares listed on the Nasdaq, are required to appoint at least two external directors who meet the qualification requirements
set forth in the Israeli Companies Law. The definitions of an external director under the Israeli Companies Law and independent director
under Nasdaq Stock Market rules are similar such that it would generally be expected that the two external directors will also comply