Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 91

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 6
Chunk 91
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 title, any other manager directly subordinate to the chief executive officer and a director.

The Board has adopted a compensation committee charter setting forth the responsibilities of the compensation committee, which are consistent with the Companies Law and the corporate governance rules of the Nasdaq and include among others:

●                                            recommending                                        
      to the Board for its approval a compensation policy in accordance with the requirements of 
    the Companies Law, as well as other compensation policies, incentive-based compensation plans
      and equity-based compensation plans, and overseeing the development and implementation of  
     such policies and recommending to the Board any amendments or modifications to such policies
           the committee deems appropriate, including as required under the Companies Law;       
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●                                            reviewing                                         
     and approving the granting of options and/or other incentive awards to our chief executive
    officer and other executive officers, including reviewing and approving corporate goals and
     objectives relevant to the compensation of our chief executive officer and other executive
                                             officers;                                         
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●                                       approving                                     
    and exempting certain transactions regarding office holders’ compensation pursuant
                                to the Companies Law; and                             
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●                                          administering                                       
     our equity-based compensation plans, including without limitation, approving the adoption 
      of such plans, amending and interpreting such plans and the awards and agreements issued 
    pursuant thereto, and making awards to eligible persons under the plans and determining the
                                       terms of such awards.                                   
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95

Compensation Policy under the Companies Law

In general, under the Companies Law, a public company must have a compensation policy that applies to its office holders approved by its board of directors after receiving and considering the recommendations of the compensation committee. In addition, the compensation policy must be approved at least once every three years, first, by the board of directors, upon recommendation of the compensation committee, and second, by a simple majority of the ordinary shares present, in person or by proxy, and voting at a shareholders meeting, excluding abstentions, provided that either:

●                                                 such                                              
    majority includes at least a majority of the shares held by shareholders who are not controlling
     shareholders and shareholders who do not have a personal interest in such compensation policy; 
                                                   or                                               
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●                                                the                                              
      total number of shares of non-controlling shareholders and shareholders who do not have a   
    personal interest in the compensation policy that are voted against the policy does not exceed
                          2% of the aggregate voting rights in the company.                       
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