Company: PDCC
Filing Date: 2025-11-05
Form Type: DEF 14A
Source: 0001214659-25-015968
Chunk: 18

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-11-05
Form: DEF 14A
Chunk 18
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 Mellish and Wilder,
each of whom is an Independent Director. The Board has adopted a written charter for the Governance and Nominating Committee. The
Governance and Nominating Committee periodically reviews the committee structure, conducts an annual self-assessment of the Board
and its committees, and makes the final selection and nomination of candidates to serve as Independent Directors. In addition, the
Governance and Nominating Committee makes recommendations regarding the compensation of the Company’s Independent Directors
for approval by the Board as there is no separate compensation committee of the Company. The Board nominates and selects the
interested Directors and the officers. Mr. Jotwani serves as Chairperson of the Governance and Nominating Committee. A copy of the
Governance and Nominating Committee Charter is available on the Company’s website
(https://www.pearldivercreditcompany.com/documents).

In reviewing a potential
nominee and in evaluating the re-nomination of current Independent Directors, the Governance and Nominating Committee will generally apply
the following criteria: (1) the nominee’s reputation for integrity, honesty and adherence to high ethical standards; (2) the nominee’s
business acumen, experience and ability to exercise sound judgment; (3) a commitment to understand the Company and the responsibilities
of a director of an investment company; (4) a commitment to regularly attend and participate in meetings of the Board and its committees;
(5) the ability to understand potential conflicts of interest involving management of the Company and to act in the interests of all Stockholders;
and (6) the absence of a real or apparent conflict of interest that would impair the nominee’s ability to represent the interests
of all Stockholders and to fulfill the responsibilities of an Independent Director. The Governance and Nominating Committee does not necessarily
place the same emphasis on each criterion and each nominee may not have each of these qualities.

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As long as an existing Independent
Director continues, in the opinion of the Governance and Nominating Committee, to satisfy these criteria, the Company anticipates that
the Governance and Nominating Committee would favor the re-nomination of an existing Independent Director rather than nominate a new candidate.
Consequently, while the Governance and Nominating Committee will consider nominees recommended by Stockholders to serve as Independent
Directors, the Governance and Nominating Committee may only act upon such recommendations if there is a vacancy on the Board or a committee
and it determines that the selection of a new or additional