Company: OTSA
Filing Date: 2025-07-07
Form Type: F-1/A
Source: 0001213900-25-061733
Chunk: 224

Company: OTSAW Ltd
Filing Date: 2025-07-07
Form: F-1/A
Chunk 224
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 oversee our accounting and financial reporting processes and the audits of the financial statements of our company. The audit committee will be responsible for, among other things: •appointing the independent auditors and pre -approvingall auditing and non -auditingservices permitted to be performed by the independent auditors; •reviewing with the independent auditors any audit problems or difficulties and management’s response; •discussing the annual audited financial statements with management and the independent auditors; •reviewing the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures; •reviewing and approving all proposed related party transactions; •meeting separately and periodically with management and the independent auditors; and •monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance. Compensation Committee.Our compensation committee will consist of Dr. John M. Dolan, Mr. Christopher T. Olivia and Ms. Susan E. Skerritt, upon the effectiveness of their appointments. Mr. Christopher T. Olivia is expected to be the chair of our compensation committee. The compensation committee will be responsible for, among other things: •reviewing and approving, or recommending to the board for its approval, the compensation for our chief executive officer and other executive officers; •reviewing and recommending to the shareholders for determination with respect to the compensation of our directors; •reviewing periodically and approving any incentive compensation or equity plans, programs or similar arrangements; and •selecting compensation consultant, legal counsel or other adviser only after taking into consideration all factors relevant to that person’s independence from management. Nominating and Corporate Governance Committee.Our nominating and corporate governance committee will consist of Dr. John M. Dolan, Mr. Christopher T. Olivia, and Ms. Susan E. Skerritt, upon the effectiveness of their appointments. Dr. John M. Dolan is expected to be the chair of our nominating and corporate governance committee. We have determined that Dr. Dolan, Mr. Christopher T. Olivia and Ms. Skerritt satisfy the “independence” requirements under NASDAQ Rule 5605. The nominating and corporate governance committee will assist the board of directors in selecting individuals qualified to become our directors and in determining the composition of the board and its committees. The nominating and corporate governance committee will be responsible for, among other things: •selecting and recommending to the board nominees for election by the shareholders or appointment by