Company: ECIA
Filing Date: 2025-07-14
Form Type: DEF 14A
Source: 0001079973-25-001145
Chunk: 12

Company: ENCISION INC
Filing Date: 2025-07-14
Form: DEF 14A
Chunk 12
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 directors” as defined by the applicable rules of the NYSE and regulations of the Securities
and Exchange Commission (“SEC”) as currently in effect and applicable to us. The audit committee oversees our independent
auditors and financial process on behalf of the board of directors. The audit committee has adopted a written charter. The audit committee
has adopted a complaint procedure policy.

Vern D. Kornelsen and Patrick
W. Pace, M.D. comprise the audit committee. Mr. Kornelsen’s and Dr. Pace’s background is more fully disclosed in their biographies
under “Election of Directors.”

Our board of directors has
determined that Vern D. Kornelsen and Patrick W. Pace, M.D. each qualify as an “audit committee financial expert” and each
is “independent” as defined by the applicable regulations of the SEC as currently in effect and applicable to us.

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The audit committee has
adopted a written charter, a copy of which is available on the investor relations page of our website at www.encision.com. Our audit committee
held four telephonic meetings with our independent auditors during the fiscal year ended March 31, 2025.

Board Leadership Structure

Our board of directors does
not have a policy regarding separation of the roles of Chief Executive Officer and Chairman of the Board, as the board of directors believes
it is in the best interest of the Company to make that determination based on the position and direction of the Company and the membership
of the board. Presently, we do not have a Chairman of the Board.

Three of the four members
of our board of directors satisfy the requirements of independence under the NYSE listing standards, and our audit, compensation, and
nominating committees are composed entirely of independent directors. This structure encourages independent and effective oversight of
our operations and prudent management of risk.

Risk Oversight

The board of directors,
principally through delegation to the audit committee oversees risks facing us. The audit committee regularly discusses with management,
our internal auditors and our independent auditors our major risk exposures, whether financial, operating or otherwise, and the adequacy
and effectiveness of our control of such risks. The audit committee also recommends from time to time that key identified risk areas be
considered by the full board, and individual board members also periodically ask the full board to consider an area of risk. In addition,
risk management issues are considered inherently by the board with respect to all major decisions made by the board.