Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 906

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 4
Chunk 906
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 named executives
after discussion with our Chief Executive Officer about his direct reports. The Compensation Committee has often refined the direct reports’
compensation recommendations made by the Chief Executive Officer. Our Chief Executive Officer’s compensation is determined solely
by the Compensation Committee, which, consistent with NASDAQ requirements, is comprised exclusively of independent directors, and the
Chief Executive Officer does not participate in Committee decisions surrounding his compensation.

Independent
Compensation Consultant

The
Compensation Committee retained Compensation Resources, Inc. as its independent compensation consultant in prior years. Compensation
Resources, Inc., when consulted, provides chief executive officer and director compensation consulting services to the Compensation
Committee, including a competitive market analysis of peers and the base salary, total cash compensation and total direct
compensation. Interactions with Compensation Resources was limited to the Compensation Committee Chair and interaction with
executives was generally limited to discussions as required to compile information at the Compensation Committee’s direction.
Based on these factors and its own evaluation of Compensation Resources’ independence pursuant to the requirements approved
and adopted by the SEC, the Compensation Committee has determined that the work performed by Compensation Resources does not raise
any conflicts of interest. During fiscal year 2025, Compensation Resources did not provide services to the Company as there were no material changes to any executive’s compensation.

Compensation
Philosophy and Objectives

Our
executive compensation philosophy calls for competitive total compensation that will reward executives for achieving individual and corporate
performance objectives and will attract, motivate and retain leaders who will drive the creation of shareholder value. It incorporates
elements that create shareholder value by driving financial performance, retaining a high-performing and talented executive team, and
aligning the interests of the executive team with the interests of shareholders. The Compensation Committee reviews the compensation
and benefit programs for executive officers, including the named executive officers, and performs an annual assessment of the Company’s
executive compensation policy. In determining total compensation, the Compensation Committee considers the objectives and attributes
described below. 

    Executive
    Compensation Principles
  
    Shareholder
    Alignment
    ●
                          ●
     Our
                                            executive compensation programs are designed to create shareholder value.
     Long-term
    incentive awards, delivered in the form of equity, make up a portion of our executives’ total compensation and closely align
    the interests of executives with the long-term interests of our shareholders. Our policy prohibits the named executive officers from
    selling any newly issued shares for a period of three months, on an open market transaction