Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 123

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 6
Chunk 123
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 compensation.
 
Nomination Committee
 
The Nomination Committee consists of three (3) members, David Salton, Lennie Michelson Grinbaum and Gideon Hirschfeld and assists the Board in determining compensation for InterCure’s directors and officers. The Board has determined that each member of our Nomination Committee is independent under the Nasdaq Rules.
 
The Board has adopted a Nomination Committee charter setting forth the responsibilities of the committee consistent with the Nasdaq Marketplace Rules which include, but are not limited to:
 
● Identifying and reviewing individuals believed to be qualified to become directors for recommendation to the Board;
 
● Recommending to the Board the director nominees for the next annual general meeting of shareholders; and
 
● Assisting the Board in its evaluation of the independence of the Company’s directors in accordance with applicable legal and regulatory requirements.
 
Certain Israeli Corporate Compliance Matters
 
Internal Auditor
 
Under the Companies Law, the board of directors of a public company must appoint an internal auditor based on the recommendation of the Audit Committee. The role of the internal auditor is, among other things, to examine whether a company’s actions comply with applicable law and orderly business procedure. Under the Companies Law, the internal auditor cannot be an interested party or an office holder or a relative of an interested party or an office holder, nor may the internal auditor be the company’s independent auditor or its representative. An “interested party” is defined in the Companies Law as: (i) a holder of 5% or more of the issued share capital or voting power in a company, (ii) any person or entity who has the right to designate one or more directors or to designate the chief executive officer of the company, or (iii) any person who serves as a director or chief executive officer of the company. As of the date of this Annual Report, InterCure’s internal auditor is Mr. Yisrael Gewirtz, a partner in Grant Thornton.
Fiduciary Duty Matters
 
The Companies Law imposes a duty of care and a duty of loyalty on all office holders of a company. The duty of care of an office holder is based on the duty of care set forth in connection with the tort of negligence under the Israeli Torts Ordinance (New Version), 5728-1968. The duty of care requires an office holder to act with the degree of proficiency with which a reasonable office holder in the same position would have acted under the same circumstances. The duty of care includes, but is not limited to, a duty to