Company: SUND
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001641172-25-017143
Chunk: 626

Company: Sundance Strategies, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 8
Chunk 626
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 1978. Mr. Pearson’s many years of management and insight
into the operations of the Company create a unique and valuable perspective in his role as a director.

32

Significant
Employees

The
Company has no significant employees.

Family
Relationships

There
are no family relationships between any of our directors, executive officers and proposed directors or executive officers.

Directorships
Held in Other Reporting Companies

None
of our directors or executive officer is a director of a company that is required to file reports under Sections 15 or 13(d) of the Exchange
Act.

Promoters
and control person

To
the best of our management’s knowledge, no person who may be deemed to have been a promoter or founder of our Company was the subject
of any of the legal proceedings listed under the heading “Involvement in Certain Legal Proceedings” above;

Corporate
Governance

Overview

Our
Bylaws provide that the size of our Board is to be determined by resolution of the Board. Our Board has fixed the exact number of directors
at four. Our Board currently consists of four members.

We
are subject to a number of technological, regulatory, product, legal and other types of risks. The Board is responsible for overseeing
these risks, and we employ a number of procedures to help them carry out that duty. For example, Board members regularly consult with
executive management about pending issues and expected challenges, and at each Board meeting directors receive updates from, and have
an opportunity to interview and ask questions of, key personnel and management. Furthermore, because our President serves as a member
of our Board, we believe that the Board has a direct channel and better access to insights into our performance, business and challenges.

Board
Leadership Structure

The
Board does not have a policy regarding the separation of the roles of Chief Executive Officer and Chairman of the Board as the Board
believes it is in the best interests of the Company to make that determination based upon the position and direction of the Company and
the membership of the Board. The Board has determined at this time that the Company’s Chairman should not be its President.

The
Board has determined that of the current directors or nominees, Messrs. Higginson, Dickman and Quesenberry would qualify as independent
directors as that term is defined in the listing standards of The NASDAQ Capital Market if we were listed on The NASDAQ Capital Market.
Such independence definition includes a series of objective tests, including that the