Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 1112

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 1112
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 a total of 5 times and our Audit Committee met 4 times in 2024. The Board also acted by written
consent on numerous occasions.

Indemnification and Limitation on Liability
of Directors

Our Articles of Incorporation
limit the liability of our directors to the fullest extent permitted by Nevada law. Nothing contained in the provisions will be construed
to deprive any director of his right to all defenses ordinarily available to the director nor will anything herein be construed to deprive
any director of any right he may have for contribution from any other director or other person.

At present, there is no pending
litigation or proceeding involving any of our directors, officers, employees or agents where indemnification will be required or permitted.
Insofar as indemnification for liabilities arising under the Securities Act, may be permitted to our directors, officers and controlling
persons pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC such indemnification is
against public policy as expressed in the Securities Act and is, therefore, unenforceable.

62

Board Leadership Structure

Our Board of Directors recognizes
that one of its key responsibilities is to evaluate and determine its optimal leadership structure so as to provide effective oversight
of management. Our Board of Directors currently believes that our existing leadership structure, under which Mr. La Rosa serves as our
Chief Executive Officer and as Chairman of the Board of Directors, is effective, provides the appropriate balance of authority between
independent and non-independent directors, and achieves the optimal governance model for us and for our stockholders.

Role of Board in the Risk Oversight Process

Our Board as a whole has responsibility
for risk oversight. Our Board exercises this risk oversight responsibility directly and through its committees. The risk oversight responsibility
of our Board and its committees are informed by reports from our management teams to provide visibility to our Board about the identification,
assessment, and management of key risks and our management’s risk mitigation strategies. Our Board has primary responsibility for
evaluating strategic and operational risks, including those related to significant transactions. Our Audit Committee has primary responsibility
for overseeing our major financial and accounting risk exposures and, among other things, discusses guidelines and policies with respect
to assessing and managing risk with management and our independent auditor. Our Compensation Committee has responsibility for evaluating
risks arising from our compensation and people policies and practices. Our Nominating Committee has responsibility for evaluating risks
relating to our corporate governance practices. Our committees and management provide reports to