Company: SVREW
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001013762-25-001028
Chunk: 91

Company: SaverOne 2014 Ltd.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 6
Chunk 91
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 of at least three directors and must include all of the company’s external
directors. The majority of the audit committee members have to be “independent directors”. The chairman of the audit committee
is required to be an external director.

Under
the Nasdaq Marketplace Rules, we are required to maintain an audit committee consisting of at least three independent directors, all
of whom are financially literate and one of whom has accounting or related financial management expertise. Each of the members of the
audit committee is required to be “independent” as such term is defined in Rule 10A-3(b)(1) under the Exchange Act.

Our
audit committee currently consists of three, two of whom are external directors. All of the members are independent directors as defined
in the Companies Law. All of the members are also independent as defined in SEC rules and Nasdaq listing requirements. Our board of directors
has determined that all members of our audit committee meet the requirements for financial literacy under the applicable rules and regulations
of the SEC and Nasdaq Marketplace Rules. Our board of directors has determined that two directors are audit committee financial experts
as defined by the SEC rules and have the requisite financial experience as defined by the Nasdaq Marketplace Rules.

Compensation
Committee

Under
both the Companies Law and Nasdaq Marketplace Rules, we are required to establish a compensation committee.

The
responsibilities of a compensation committee under the Companies Law include recommending to the board of directors, for ultimate shareholder
approval by a special majority, a policy governing the compensation of directors and officers based on specified criteria, reviewing
modifications to and implementing such compensation policy from time to time, and approving the actual compensation terms of directors
and officers prior to approval by the board of directors.

The
Companies Law stipulates that the compensation committee must consist of at least three directors who meet certain independence criteria
and must include all of the company’s external directors, who are required to constitute a majority of its members. The chairman
of the compensation committee must be an external director. The remaining members are required to meet certain independence criteria
and be paid in accordance with the regulations governing the compensation of external directors.

Under
Nasdaq Marketplace Rules, we are required to maintain a compensation committee consisting of at least two independent directors; each
of the members of the compensation committee is required to be independent under Nasdaq Marketplace Rules relating to compensation committee
members, which are different from the general test for independence of board and committee members.

Our
compensation committee currently