Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2873

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 9A
Chunk 2873
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 charter and include, but not be limited to:

    ●
    meeting with our independent
    registered public accounting firm regarding, among other issues, audits, and adequacy of our accounting and control systems;

    ●
    monitoring the independence
    of the independent registered public accounting firm;

    ●
    verifying the rotation
    of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing
    the audit as required by law;

    ●
    inquiring and discussing
    with management our compliance with applicable laws and regulations;

76

    ●
    pre-approving all audit
    services and permitted non-audit services to be performed by our independent registered public accounting firm, including the fees
    and terms of the services to be performed;

    ●
    appointing or replacing
    the independent registered public accounting firm;

    ●
    determining the compensation
    and oversight of the work of the independent registered public accounting firm (including resolution of disagreements between management
    and the independent registered public accounting firm regarding financial reporting) for the purpose of preparing or issuing an audit
    report or related work;

    ●
    establishing procedures
    for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports
    which raise material issues regarding our financial statements or accounting policies; and

    ●
    reviewing and approving
    all payments made to our existing stockholders, executive officers or directors and their respective affiliates. Any payments made
    to members of our audit committee will be reviewed and approved by our board of directors, with the interested director or directors
    abstaining from such review and approval.

The Audit Committee is composed
exclusively of “independent directors” who are “financially literate” as defined under the Nasdaq listing standards.
The Nasdaq listing standards define “financially literate” as being able to read and understand fundamental financial statements,
including a company’s balance sheet, income statement and cash flow statement.

Compensation Committee.
The Compensation Committee consists of one director: Rolf Wikborg, which is “independent” as defined by Nasdaq. The Compensation
Committee’s duties are specified in a charter and include, but not be limited to:

    ●
    reviewing and approving
    on an annual basis the corporate goals and objectives relevant to our chief executive officer’s compensation, evaluating our
    chief executive officer’s performance in light of such goals and objectives and determining