Company: ARAI
Filing Date: 2025-04-18
Form Type: S-1/A
Source: 0001641172-25-005394
Chunk: 114

Company: Arrive AI Inc.
Filing Date: 2025-04-18
Form: S-1/A
Chunk 114
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 is currently determined by our Board, subject to the terms of our certificate of incorporation and bylaws, which provide that the number of directors be determined exclusively by a resolution adopted by directors constituting a majority of the total number of authorized directors, whether or not there exist any vacancies in previously authorized directorships. Our Board currently consists of eight directors.

When considering whether directors and nominees have the experience, qualifications, attributes or skills, taken as a whole, to enable our Board to satisfy its oversight responsibilities effectively in light of our business and structure, the Board focuses primarily on each person’s background and experience as reflected in the information discussed in each of the directors’ individual biographies set forth above. We believe that our directors provide an appropriate mix of experience and skills relevant to the size and nature of our business.

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Term of Office

Our directors are appointed to hold office for a three year term or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board.

Corporate Governance Profile

The structure of our corporate governance include the following:

| ● | Our                                                                                                                                     
 directors are subject to re-election every three years;                                                                                 |
| ● | Our                                                                                                                                     
 directors satisfy the Nasdaq listing standards for independence;                                                                        |
| ● | Generally,                                                                                                                              
 all matters to be voted on by stockholders is approved by a majority (or, in the case of election of directors, by a plurality) of      
 the votes entitled to be cast by all stockholders present in person or represented by proxy, voting together as a single class;         |
| ● | We                                                                                                                                      
 intend to comply with the requirements of the Nasdaq marketplace rules, including having committees comprised of independent directors; 
 and                                                                                                                                     |
| ● | We                                                                                                                                      
 currently do not have a stockholder rights plan.                                                                                        |

Our directors stay informed about our business by attending meetings of our Board and its committees and through supplemental reports and communications. Our independent directors meet regularly in executive sessions without the presence of our corporate officers or non-independent directors.

Role of the Board in Risk Oversight

The Board actively manages the Company’s risk oversight process and receives periodic reports from management on areas of material risk to the Company, including operational, financial, legal, and regulatory risks. The Board committees will assist the Board in fulfilling its oversight responsibilities in certain areas of risk. The Audit and Finance Committee will assist the Board with its oversight of the Company’s major financial risk exposures. The Compensation Committee will assist the Board with its