Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 1462

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 1462
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 reports that raise material issues regarding our financial statements or accounting
policies and any significant changes in accounting standards or rules promulgated by the Financial Accounting Standards Board, the SEC
or other regulatory authorities.

Compensation Committee

We have established a compensation
committee of the board of directors. The members of our compensation committee are Messrs. Fox and Wang and Ms. Burke. Ms. Burke
serves as chair of the compensation committee. We have adopted a compensation committee charter, which details the purpose and responsibility
of the compensation committee, including:

●reviewing and approving on an annual basis the corporate
goals and objectives relevant to our Chief Executive Officer’s compensation, evaluating our Chief Executive Officer’s performance
in light of such goals and objectives and determining and approving the remuneration (if any) of our Chief Executive Officer based on
such evaluation;

●reviewing and making recommendations to our board of directors
with respect to the compensation, and any incentive-compensation and equity-based plans that are subject to board approval
of all of our other officers;

●reviewing our executive compensation policies and plans;

●implementing and administering our incentive compensation
equity-based remuneration plans;

●assisting management in complying with our proxy statement
and annual report disclosure requirements;

●approving all special perquisites, special cash payments
and other special compensation and benefit arrangements for our officers and employees;

●producing a report on executive compensation to be included
in our annual proxy statement; and

●reviewing, evaluating and recommending changes, if appropriate,
to the remuneration for directors.

The charter also provides
that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, independent legal
counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser.
However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation
committee will consider the independence of each such adviser, including the factors required by Nasdaq and the SEC.

Corporate Governance and Nominating Committee

We have established a corporate
governance and nominating committee of the board of directors. The members of our corporate governance and nominating committee are Messrs.
Fox and Flores and Ms. Burke. In accordance with Rule 5605 of the Nasdaq listing rules, all such directors are independent. Mr. Fox
serves as chair of the corporate governance and nominating committee