Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 130

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 130
---
 certificate of incorporation or bylaws, or as assigned by the board of directors, the
designation of a director as Chairperson does not impose on that director any duties, obligations, or liability that are greater than
the duties, obligations, or liability imposed on any other director, generally.

The board of directors believes that this leadership
structure is appropriate because it allows the board of directors to exercise informed judgment over matters under its purview, and it
allocates areas of responsibility among committees or working groups of directors and the full board of directors in a manner that enhances
effective oversight. The board of directors also believes that having a majority of independent directors is appropriate and in the best
interest of our stockholders. Nevertheless, the board of directors also believes that having an interested person serve on the board of
directors brings corporate and financial viewpoints that are, in the board of directors’ view, crucial elements in its decision-making
process. In addition, the board of directors believes interested persons provide the board of directors with the Adviser’s perspective
in managing and sponsoring us. The leadership structure of the board of directors may be changed, at any time and in the discretion of
the board of directors, including in response to changes in circumstances or our characteristics.

| 74 |

Committees of the Board of Directors

The board of directors has established two standing
committees: the audit committee and the governance and nominating committee. The current membership of each committee is comprised of
each independent director and is set forth below. Interested directors are generally able to attend and participate in any committee meeting,
as appropriate.

| Audit Committee |     | Governance and Nominating Committee |
| John Everets    |     | John Everets                        |
| Tarun Jotwani   |     | Tarun Jotwani                       |
| Martin Mellish  |     | Martin Mellish                      |

Audit Committee

All of the members of the audit committee are
independent directors, and each member is financially literate with at least one having accounting or financial management expertise.
The board of directors has adopted a written charter for the audit committee. The audit committee recommends to the full board of directors
the independent registered public accounting firm for us, oversees the work of the independent registered public accounting firm in connection
with our audit, communicates with the independent registered public accounting firm on a regular basis, and provides a forum for the independent
registered public accounting firm to report and discuss any matters it deems appropriate at any time. The audit committee