Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 36

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 36
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 components on            
          the basis of long-term performance and measurable criteria; provided that the company may determine that an immaterial part of the variable  
          components of the compensation package of an office holder shall be awarded based on non-measurable criteria, or if such amount is not       
          higher than three months’ salary per annum, taking into account such office holder’s contribution to the company; and                        
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  o       the ratio between variable and fixed components, as well as the limit of the values of variable components at the time of their payment,  

  a condition under which the office holder will return to the company, according to conditions to be set forth in the compensation  

  the minimum holding or vesting period of variable equity-based components, while taking into consideration long-term incentives;  

  a limit to retirement grants.  

Internal Auditor

Under the Companies Law, the board of directors of an Israeli public
company must appoint an internal auditor recommended by the audit committee. Under the Companies Law, the internal auditor may be an employee
of the company but not an office holder, an affiliate, or a relative of an office holder or affiliate, and may not be the company’s
independent accountant or its representative.

The role of the internal auditor is to examine, among other things,
our compliance with applicable law and orderly business procedures. The audit committee is required to oversee the activities and to assess
the performance of the internal auditor as well as to review the internal auditor’s work plan. Mr. Yisrael Gewirtz, CPA, has been
appointed as our internal auditor. Mr. Gewirtz is a certified internal auditor and a partner of Fahn Kanne Control Management Ltd., an
affiliate of Grant Thornton LLP.

Our internal auditor also provides management and the audit committee
ongoing assessments of our risk management processes and our internal controls.

90

Approval of Related Party Transactions under Israeli Law

Fiduciary Duties of Directors and Executive
Officers

The Companies Law codifies the fiduciary duties that office holders
owe to a company. Many of the executive officers listed in the table under “ Item 6. Directors, Senior Management and Employees - 
A. Directors and Senior Management” are also office holders under the Companies Law. An office holder’s fiduciary duties consist
of a duty of care and a duty of loyalty. The duty of care requires an office holder to act with the