Company: TPET
Filing Date: 2025-02-28
Form Type: S-1/A
Source: 0001493152-25-008715
Chunk: 126

Company: Trio Petroleum Corp.
Filing Date: 2025-02-28
Form: S-1/A
Chunk 126
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 board of directors is responsible for monitoring and assessing strategic risk exposure and our Audit Committee has the responsibility to consider and discuss our major financial risk exposures and the steps our management has taken to monitor and control these exposures, including guidelines and policies to govern the process by which risk assessment and management is undertaken. Our Audit Committee also monitors compliance with legal and regulatory requirements. Our Nominating and Corporate Governance Committee monitors the effectiveness of our corporate governance practices, including whether they are successful in preventing illegal or improper liability-creating conduct. Our Compensation Committee assesses and monitors whether any of our compensation policies and programs has the potential to encourage excessive risk-taking. While each committee is responsible for evaluating certain risks and overseeing the management of such risks, our entire board of directors will be regularly informed through committee reports about such risks .

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Board Committees

We have the following board of directors committees: an Audit Committee, a Compensation Committee and a Nominating and Corporate Governance Committee. The composition and responsibilities of each committee are described below. Members will serve on these committees until their resignation or until otherwise determined by our board of directors. Each committee’s charter is available under the Corporate Governance section of our website at www.trio-petroleum.com. The reference to our website address does not constitute incorporation by reference of the information contained at or available through our website, and you should not consider it to be a part of this prospectus.

Audit Committee. The Audit Committee’s responsibilities include:

| ● | appointing,                                                                                                                        
 approving the compensation of, and assessing the independence of our registered public accounting firm;                            |
| ● | overseeing                                                                                                                         
 the work of our registered public accounting firm, including through the receipt and consideration of reports from such firm;      |
| ● | reviewing                                                                                                                          
 and discussing with management and the registered public accounting firm our annual and quarterly financial statements and related 
 disclosures;                                                                                                                       |
| ● | coordinating                                                                                                                       
 our board of directors’ oversight of our internal control over financial reporting, disclosure controls and procedures and         
 code of business conduct and ethics;                                                                                               |
| ● | discussing                                                                                                                         
 our risk management policies;                                                                                                      |
| ● | meeting                                                                                                                            
 independently with our internal auditing staff, if any, registered public accounting firm and management;                          |

| ● | reviewing                                                       
 and approving or ratifying any related person transactions; and |
| ● | preparing                                                       
 the audit committee report required by SEC rules.               |

The members of our audit committee are William Hunter (chairperson), Thomas J. P