Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 367

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 367
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, qualify as independent within the meaning of the DCGC. Diversity and Director and Officer Qualifications PubCo is not expected to formally establish any specific, minimum qualifications that must be met by each of its directors. However, PubCo expects generally to evaluate the following qualities: educational background, diversity of professional experience, including whether the person is a current or was a former chief executive officer or chief financial officer of a public company or the head of a division of a prominent international organization, knowledge of PubCo’s business, integrity, professional reputation, independence, wisdom, and ability to represent the best interests of PubCo’s shareholders. Furthermore, from the moment PubCo qualifies as a so -called“large company” under Dutch law, it will be subject to the gender diversity target regime. Under this target regime PubCo would have to set appropriate and ambitious targets — which should take the form of target ratios — to bring about a more balanced ratio of men to women with regard to its directors. A Dutch company qualifies as large, if it meets at least two of the following three criteria on at least two successive balance sheet dates: (a) the value of the assets (based on its balance sheet and explanatory notes) on the basis of acquisition and production prices exceeds EUR 25mio, (b) the net turnover for the financial year exceeds EUR 50mio and (c) the average number of employees is 250 or more. The Nominating and Corporate Governance Committeeof the PubCo board of directors will prepare policies regarding director qualification requirements (including a diversity policy) and the process for identifying and evaluating director candidates for adoption by PubCo’s board of directors. 188 Board Regulations The PubCo board of directors shall adopt written rules and regulations dealing with, inter alia, its internal organization, the manner in which decisions are taken, any quorum requirements, the composition, duties and organization of its committees and any other matters concerning the PubCo board of directors, the executive directors, the non -executivedirectors and committees established by the PubCo board of directors. Committees of the Board of Directors The standing committees of PubCo’s Board of Directors will consist of an audit committee (the “ Audit Committee”), a compensation committee (the “ Compensation Committee”), and a nominating and corporate governance committee (the “ Nominating and Corporate Governance Committee”). The responsibilities and expected composition of each committee following the Business Combination are set forth below. Audit Committee Our Audit Committee has been established in accordance with Section 3(a)(58)(