Company: PELI
Filing Date: 2025-10-30
Form Type: S-4
Source: 0001829126-25-008609
Chunk: 287

Company: Pelican Acquisition Corp
Filing Date: 2025-10-30
Form: S-4
Chunk 287
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Nominating and Corporate Governance Committee

Our nominating and corporate governance committee will be responsible for, among other things:

| ● | identifying individuals qualified to become members of the PubCo Board, consistent with criteria approved by the PubCo Board as set forth in our corporate governance guidelines; |

| ● | annually reviewing the committee structure of the PubCo Board and recommending to the PubCo Board the directors to serve as members of each committee; and |

| ● | developing and recommending to the PubCo Board a set of corporate governance guidelines. |

Upon the Closing, our nominating and corporate governance committee will consist of [●], with [●] serving as Chairperson. The PubCo Board has affirmatively determined that [●] each meet the definition of “independent director” for the purposes of the independence standards under the Nasdaq rules. The PubCo Board will adopt a written charter for the nominating and corporate governance committee, which will be available on our principal corporate website at [●] substantially concurrently with the Closing. The information on any of our websites is deemed not to be incorporated in this proxy statement/prospectus or to be a part of this proxy statement/prospectus.

Compensation Committee

Our compensation committee will be responsible for, among other things:

| ● | reviewing and approving, or recommending that the PubCo Board approve, the compensation of our Chief Executive Officer and other executive officers; |

| ● | making recommendations to the PubCo Board regarding director compensation; and |

| ● | reviewing and approving incentive compensation and equity-based plans and arrangements and making grants of cash-based and equity-based awards under such plans. |

Upon the Closing, our compensation committee will consist of [●], with [●] serving as Chairperson. The PubCo Board has affirmatively determined that [●] each meet the definition of “independent director” for the purposes of the independence standards under the Nasdaq rules. The PubCo Board will adopt a written charter for the compensation committee, which will be available on our principal corporate website at [●] substantially concurrently with the Closing. The information on any of our websites is deemed not to be incorporated in this proxy statement/prospectus or to be a part of this proxy statement/prospectus.

Risk Oversight

Upon the Closing, the PubCo Board will be responsible for overseeing the risk management process. The PubCo Board will focus on PubCo’s general risk management policies and strategy and the most significant risks facing PubCo and will oversee the implementation of risk mitigation strategies by management. The