Company: HGBL
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056713
Chunk: 13

Company: Heritage Global Inc.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 13
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| Two or More Races or Ethnicities        |     |        | — |     |      | — |     |            | — |     |          | — |
| LGBTQ+                                  |     |        | — |     |      | — |     |            | — |     |          | — |
| Did Not Disclose Demographic Background |     |        | — |     |      | — |     |            | — |     |          | — |

<div align='center'>11

CORPORATE GOVERNANCE</div>

Overview

In General

Our Board has adopted corporate governance policies, including a Code of Conduct (“Code of Conduct”), corporate governance guidelines and charters for each of our Compensation Committee, Audit Committee, and Corporate Governance Committee. The full text of our Code of Conduct and each committee charter is available in the Investor Relations-Corporate Profile & Governance section of our internet website located at www.hginc.com. A copy of the Code of Conduct is also available in print, free of charge, to any shareholder who requests it by writing to Heritage Global Inc., 12625 High Bluff Drive, Suite 305, San Diego, California, 92130. We intend to post amendments to or waivers, if any, from our Code of Conduct at this location on our website, in each case to the extent such amendment or waiver would otherwise require the filing of a Current Report on Form 8-K pursuant to Item 5.05 thereof. Information contained on our website is not a part of this Proxy Statement and the inclusion of our website address in this Proxy Statement is an inactive textual reference only.

In addition, you may request copies of the Code of Conduct and the committee charters by contacting the Company using the following information:

Telephone: (203) 972-9200

E-mail: investorrelations@hginc.com

Other Corporate Governance Highlights

Only independent directors serve on our Audit and Corporate Governance Committees, and our Compensation Committee is composed solely of outside directors.

Our Audit Committee appoints, determines the compensation of, and oversees, the work of our independent auditors. It also has the authority to retain outside advisors.

Our Compensation Committee evaluates the performance of the Chief Executive Officer and other senior executives based on corporate goals and objectives, and determines and approves their compensation levels based on this evaluation and in accordance with any applicable employment agreement then in effect.