Company: NPWR-WT
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015450
Chunk: 11

Company: NET Power Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 11
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| Total Meetings in 2024  |              5 |                     5 |                                           5 |

| Committee Chair |

14 The functions performed by these Committees, which are set forth in more detail in their charters, available on our corporate website at https://ir.netpower.com/governance/leadership , are summarized below. Audit Committee Our Audit Committee consists of Ralph Alexander, Carol Peterson, and Alejandra Veltmann. The Board has determined that each of the members of the Audit Committee satisfies the independence requirements of the NYSE and Rule 10A-3 under the Exchange Act. Alejandra Veltmann serves as chair of the committee. Each member of the committee is financially literate, and our Board has determined that Alejandra Veltmann qualifies as an “audit committee financial expert” as defined in applicable SEC rules. In making this determination, the Board considered each such director’s formal education and previous experience in financial roles. Both our independent registered public accounting firm and management periodically meet privately with our Audit Committee. The Audit Committee held five meetings during the 2024 fiscal year. The functions of this committee include, among other things:

| ► | the appointment, compensation, retention, replacement, and oversight of the work of the independent registered public accounting firm and any other independent registered 
 public accounting firm engaged by us;                                                                                                                                      |

| ► | pre-approving all audit and permitted non-audit services to be provided by the independent registered public accounting firm engaged by us, and establishing pre-approval 
 policies and procedures;                                                                                                                                                  |

| ► | reviewing and discussing with the independent registered public accounting firm all relationships the auditors have with us in order to evaluate their continued 
 independence;                                                                                                                                                    |

| ► | setting clear hiring policies for employees or former employees of the independent registered public accounting firm engaged by us; |

| ► | setting clear policies for audit partner rotation in compliance with applicable laws and regulations; |

| ► | obtaining and reviewing a report, at least annually, from the independent registered public accounting firm describing (i) the independent registered public accounting                                                                  
 firm’s internal quality-control procedures and (ii) any material issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional 
 authorities within the preceding five years respecting one or more independent audits carried out by the firm and any steps taken to deal with such issues;                                                                              |

| ► | reviewing and approving any related party transaction required