Company: PDCC
Filing Date: 2025-11-05
Form Type: DEF 14A
Source: 0001214659-25-015968
Chunk: 10

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-11-05
Form: DEF 14A
Chunk 10
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 does
not impose on that Director any duties, obligations or liability that are greater than the duties, obligations or liability imposed on
any other Director, generally.

The Board has established
two standing committees to facilitate oversight of the management of the Company: the Audit Committee and the Governance and Nominating
Committee. The functions and roles of each committee are described below under the section “Board Committees and Meetings.”
The membership of each committee consists of all of the Independent Directors, other than Mr. Wilder. The Board believes this composition
allows them to participate in the full range of the Board’s oversight duties. The Interested Director is generally permitted to
attend and participate in committee meetings, as appropriate.

The Board reviews its leadership
structure periodically, and the Board believes that the current leadership structure is appropriate because it allows the Board to exercise
informed judgment over matters under its purview, and it allocates areas of responsibility among committees or working groups of Directors
and the full Board in a manner that enhances effective oversight. The Board also believes that having a majority of Independent Directors
is appropriate and in the best interest of the Stockholders. Nevertheless, the Board also believes that having an interested person serve
on the Board brings corporate and financial viewpoints that are, in the Board’s view, crucial elements in its decision-making process.
In addition, the Board believes that Mr. Basu, Founder of the Adviser, provides the Board with the Adviser’s perspective in managing
and sponsoring us. The leadership structure of the Board may be changed, at any time and in the discretion of the Board, including in
response to changes in circumstances or our characteristics.

Risk Oversight.
As a registered investment company, the Company is subject to a variety of risks, including investment risks, financial risks, compliance
risks and operational risks. As part of its overall activities, the Board oversees the management of our risk management structure by
various departments of the Adviser and the Administrator, as well as by our Chief Compliance Officer (“CCO”). The responsibility
to manage our risk management structure on a day-to-day basis is subsumed within the Adviser’s overall investment management responsibilities.

The Board recognizes that
it is not possible to identify all of the risks that may affect us or to develop processes and controls to manage them. The Board discharges
risk oversight as part of its overall activities. In addressing issues regarding our risk management between meetings, appropriate representatives
of the Adviser communicate with the Chairperson, the relevant committee chair or