Company: TALK
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001140361-25-016714
Chunk: 28

Company: Talkspace, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 28
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, retail industry and public company management. For these reasons and because of the strong leadership of Mr. Braunstein as Chairman of the Board and Dr. Cohen as Chief Executive Officer, our Board has concluded that our current leadership structure is appropriate at this time. However, our Board of Directors will continue to consider whether the positions of Chairman of the Board and Chief Executive Officer should be separated or combined at any given time as part of our succession planning process. RISK MANAGEMENT AND BOARD OVERSIGHT Risk assessment and oversight are an integral part of our governance and management processes. Management’s Role Our management is responsible for our day-to-day risk management activities. Management of the Company, including the Chief Executive Officer, Chief Technology Officer (“CTO”), Chief Compliance Officer (“CCO”), who also functions as the Company’s chief information security officer, and the other executive officers, is primarily responsible for managing the risks associated with the business, operations, data privacy and cybersecurity and financial and disclosure controls. Management oversees the enterprise risk management (“ERM”) process. During the course of the year, periodic monitoring, self-assessment and reporting to the Audit Committee are performed by senior management to:

| • | Update the trending of various enterprise risks; |

| • | Identify and consider new and emerging risks; |

| • | Assess the implementation status and effectiveness of each mitigation strategy; and |

| • | Identify areas for improvement in the mitigation strategies, if any. |

Board Oversight Audit Committee Our Audit Committee is responsible for overseeing our risk management process. Our Audit Committee focuses on our most significant risks that impact the business, including strategic, operational, and compliance risks, and oversees the implementation of risk mitigation strategies by management. The Audit Committee reviews and discusses with management the risks faced by the Company and the processes by which management assesses and manages these risks, including major financial risks and exposures, as well as cyber-security-related risks and IT-related risks. The Audit Committee also has responsibilities with respect to the Company’s financial and accounting compliance and complaint procedures, internal audit, SOX Compliance program and related person transactions, as more fully set out in its charter. Among other things, the Audit Committee is responsible for establishing and overseeing procedures for the receipt, retention, and treatment of complaints regarding accounting, internal accounting controls or auditing matters and the confidential, anonymous submission by Company employees of concerns regarding questionable accounting or auditing matters. The Audit Committee is directly supported in risk oversight by key members of our senior management team, including:

| • | To assist the Audit Committee with its risk assessment function, Internal