Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 366

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 366
---
 related party, such transaction has been approved by the audit committee. The directors may exercise all the powers of the company to raise or borrow money, mortgage, or charge its undertaking, property, and assets (present or future), uncalled capital or any part thereof, and to issue debentures, debenture stock, bonds, or other securities, whether outright or as collateral security for any debt, liability, or obligation of our company or of any third party. [No World Media and Entertainment Universal Inc. non -employeedirector has a service contract with World Media and Entertainment Universal Inc. that provides for benefits upon termination of service.] 240 Board Committees The World Media and Entertainment Universal Inc. board of directors will have an audit committee, a compensation committee and a nominating and corporate governance committee, and a charter will be adopted for each of the foregoing committees. Each committee’s members and functions are described below. Audit Committee The audit committee will consist of Dr. Feridun Hamdullahpur and Joanne Shoveller. Dr. Feridun Hamdullahpur will be the chairperson of the audit committee.satisfies the criteria of an audit committee financial expert as set forth under the applicable rules of the SEC. Each of Dr. Feridun Hamdullahpur and Joanne Shoveller satisfies the requirements for an “independent director” within the meaning of thelisting rules and the criteria for independence set forth in Rule 10A -3of the Exchange Act. The audit committee will oversee World Media and Entertainment Universal Inc. accounting and financial reporting processes. The audit committee will be responsible for, among other things: •appointing the independent auditors and pre -approvingall auditing and non -auditingservices permitted to be performed by the independent auditors; •reviewing with the independent auditors any audit problems or difficulties and management’s response; •discussing the annual audited financial statements with management and the independent auditors; •reviewing the adequacy and effectiveness of aWME’s accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures; •reviewing and approving all proposed related party transactions; •meeting separately and periodically with management and the independent auditors; and •monitoring compliance with aWME’s code of business conduct and ethics, including reviewing the adequacy and effectiveness of aWME’s procedures to ensure proper compliance. Compensation Committee The compensation committee will consist of Dr. Feridun Hamdullahpur and Joanne Shov