Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 137

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 137
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he or she has been assigned by our board of directors.

75

Under the Companies Law, our board of directors must determine
the minimum number of directors who are required to have financial and accounting expertise. Under applicable regulations, a director
with financial and accounting expertise is a director who, by reason of his or her education, professional experience and skill, has a
high level of proficiency in and understanding of business accounting matters and financial statements. He or she must be able to thoroughly
comprehend the financial statements of the listed company and initiate debate regarding the manner in which financial information is presented.
In determining the number of directors required to have such expertise, a company’s board of directors must consider, among other
things, the type and size of the company and the scope and complexity of its operations. Our board of directors has determined that we
require at least one director with the requisite financial and accounting expertise. Our board of directors has determined that
Rami Dar has such financial and accounting expertise.

Chairperson of the Board. Under the Companies Law, a person cannot hold the role of both chairperson of the board of directors and chief executive officer of a
public company, without shareholder approval by a special majority and for periods of time not exceeding three years each. Furthermore,
a person who is directly or indirectly subordinate to a chief executive officer of a public company may not serve as the chairperson of
the board of directors of that company and the chairperson of the board of directors of a public company may not otherwise serve in any
other capacity in that company or a subsidiary of that company other than as a director or the chairperson of the board of directors of
such a subsidiary.

External Directors

Under the Companies Law, the board of directors of Israeli companies whose shares are
publicly traded, including companies with shares listed on Nasdaq, are required to include at least two external directors who meet the
qualification requirements in the Companies Law. However, pursuant to the Israeli Companies Regulations (Relief for Companies whose Securities
are Listed for Trading Outside of Israel) - 2000, or the Relief Regulations, companies that do not have a controlling shareholder
(within the meaning of the Companies Law), whose shares are listed on an exchange outside Israel or are dual listed on the TASE and a
foreign exchange referenced in the second or third addendum to the Israeli Securities Law, 5728-1968, or the Israeli Securities Law (which
include, among others, the Nasdaq), such as us,