Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 17

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 17
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 evaluate how these risks interrelate, how they affect us, and how management addresses those risks. Michael
Pruitt, as our Interim Chief Executive Officer, and Kathleen Weisberg, our Chief Financial Officer, work closely together with the Board,
the Audit Committee and our Chairman (who is also our former Lead Director and a member and Chair of the Audit Committee), on how to best
address identified risks. If the identified risk poses an actual or potential conflict with management, our independent directors may
conduct the assessment. Presently, the primary risks affecting us are: (i) our ability to grow our business and (ii) increasing our customer
base.

Code of Business Conduct and Ethics

Our Board has adopted a Code of
Business Conduct and Ethics (“Code of Ethics”) that applies to all of our employees, including our Chief Executive Officer
and Chief Financial Officer. Although not required, the Code of Ethics also applies to our Board. The Code of Ethics provides written
standards that we believe are reasonably designed to deter wrongdoing and promote honest and ethical conduct, including the ethical handling
of actual or apparent conflicts of interest between personal and professional relationships, full, fair, accurate, timely and understandable
disclosure, and compliance with laws, rules and regulations, including insider trading, corporate opportunities and whistle-blowing or
the prompt reporting of illegal or unethical behavior. A copy of our Code of Ethics is available on our website at www.forwardindustries.com/investors/governance
and will be provided without charge upon written request to our Corporate Secretary.

Anti-Hedging Policies

Under the Company’s
Insider Trading Policy, all officers, directors and employees are prohibited from engaging in hedging, pledging or short-selling transactions.

Communication with our Board of Directors

Although we do not have a formal
policy regarding communications with the Board, shareholders may communicate with the Board by writing to us at Forward Industries, Inc.,
700 Veterans Memorial Highway, Suite 100, Hauppauge, New York 11788, Attention: Corporate Secretary, or by facsimile (631) 676-7748. Shareholders
who would like their submission directed to a member of the Board may so specify, and the communication will be forwarded, as appropriate.

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange
Act requires our directors, executive officers, and persons who beneficially own more than 10% of our common stock to file initial reports
of ownership and