{"url_path":"/sec/eltk/10-k/2026/item-16g","section_key":"item-16g","section_title":"Item 16G CORPORATE GOVERNANCE","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-03-26","source_url":"https://www.sec.gov/Archives/edgar/data/1024672/0001178913-26-001768-index.html","accession_number":"0001178913-26-001768","cik":"0001024672","ticker":"ELTK","issuer_name":"ELTEK LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1024672/0001178913-26-001768-index.html","primary_entity_key":"0001024672","primary_entity_name":"ELTEK LTD"},"word_count":362,"has_tables":true,"body_markdown":"ITEM 16G.\n\nCORPORATE GOVERNANCE\n\n \n\nUnder NASDAQ Stock Market Rule 5615(a)(3), foreign private issuers,\nsuch as our company, are permitted to follow certain home country corporate governance practices instead of certain provisions of the\nNASDAQ Stock Market Rules.  A foreign private issuer that elects to follow a home country practice instead of any of such NASDAQ\nrules must submit to NASDAQ, in advance, a written statement from an independent counsel in such issuer’s home country certifying\nthat the issuer’s practices are not prohibited by the home country’s laws.\n\n \n\nWe have notified NASDAQ that we choose not to comply with the following\nNASDAQ requirements, and instead follow Israeli law and practice in respect of such requirements:\n\n \n\n•\n\nThe requirement to maintain a majority of independent directors, as defined under the NASDAQ Stock Market Rules.  Instead, we\nfollow Israeli law and practice which requires that we appoint at least two external directors, within the meaning of the Israeli Companies\nLaw, to our board of directors.  We have the mandated three independent directors, within the meaning of the rules of the SEC and\nNASDAQ, on our audit committee.  See Item 6C. “Directors, Senior Management and Employees - Board Practices - External and\nIndependent Directors.”\n\n \n\n•\n\nThe requirements regarding the directors’ nominations process.  Under Israeli law and practice, our board of directors\nis authorized to recommend to our shareholders director nominees for election. See Item 6C. –\n“Directors, Senior Management and Employees - Board Practices - Election of Directors.”\n\n \n\n•\n\nThe requirement regarding the quorum for any meeting of shareholders.  Instead, we follow Israeli law and practice which provides\nthat, unless otherwise provided by a company’s articles of association, the quorum required for a general meeting of shareholders\nis at least two shareholders present who hold, in the aggregate, 25% of the company’s voting rights. Our articles of association\nprovide that the quorum required for a shareholder meeting consists of at least two shareholders present in person or represented by proxy\nwho hold or represent, in the aggregate, at least 33% of the voting rights of the issued share capital.  See Item 10B. “Additional\nInformation - Memorandum and Articles of Association- Annual and Extraordinary Meetings of Shareholders.”"}