Company: SMNR
Filing Date: 2025-10-21
Form Type: S-1
Source: 0001193125-25-245178
Chunk: 282

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-10-21
Form: S-1
Chunk 282
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 an integral part of Semnur’s governance and management processes. The Board encourages management to promote a culture that incorporates risk management into its corporate strategy and day-to-day business operations. Management discusses strategic and operational (including cybersecurity) risks at regular management meetings, and conducts specific strategic planning and review sessions during the year that include a focused discussion and analysis of the risks facing Semnur. These risks are then reviewed with the Scilex Board at regular board meetings as part of management presentations covering both Scilex and Semnur that focus on particular business functions, operations or strategies, and presents the steps taken by management to mitigate or eliminate such risks.

The Board is responsible for overseeing the company’s overall risk management process. The responsibility for managing risk rests with executive management while the committees of the Board and the Board as a whole participate in the oversight process. The Board’s risk oversight process builds upon management’s risk assessment and mitigation processes, which include reviews of long-term strategic and operational planning, executive development and evaluation, regulatory and legal compliance and financial reporting and internal controls with respect to areas of potential material risk, including operations, finance, legal, regulatory, cybersecurity, strategic and reputational risk.

#### Board Leadership Structure
The Bylaws provide the Board with the discretion to combine or separate the positions of Chief Executive Officer and Executive Chairperson of the Board. The Board is chaired by Dr. Ji. The Board believes that separation of the positions of Chief Executive Officer and Executive Chairperson of the Board creates an environment that encourages objective oversight of management’s performance and enhances the effectiveness of the Board as a whole. Semnur believes that this separation of responsibilities will provide a balanced approach to managing the Board and overseeing the company. However, the Board continues to periodically review its leadership structure and may make changes in the future as it deems appropriate.

#### Board Diversity
In evaluating a director candidate’s qualifications, the Board assesses whether a candidate possesses the integrity, judgment, knowledge, experience, skills and expertise that are likely to enhance Semnur’s ability, as well as the ability of the committees of the Board, to manage and direct Semnur’s affairs and business. The Board may consider many factors, such as personal and professional integrity, ethics and values; experience in corporate management, such as serving as an officer or former officer of a publicly-held company; and experience as a board member or executive officer of another publicly-held company. In addition, the Board may consider diversity in identifying potential director nominees, including diversity of expertise and experience in substantive matters