Company: COPL-UN
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001829126-25-002247
Chunk: 261

Company: Copley Acquisition Corp
Filing Date: 2025-04-01
Form: S-1/A
Chunk 261
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The charter will also provide
that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel
or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However,
before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee
will consider the independence of each such adviser, including the factors required by NYSE and the SEC.

Nominating and Corporate Governance Committee

Upon the effectiveness of the registration statement of which this prospectus
forms a part, we will establish a nominating and corporate governance committee of our board of directors.
The members of our nominating and corporate governance will be Mr. Whitsitt and Dr. Meng and Mr. Whitsitt will serve as chairman of the
nominating and corporate governance committee. We will adopt a nominating and corporate governance committee charter, which will detail
the principal functions of the nominating and corporate governance committee, including:

| ● | identifying, screening and reviewing individuals qualified to serve as directors, consistent with                                       
 criteria approved by the board, and recommending to the board of directors candidates for nomination for election at the annual meeting 
 of shareholders or to fill vacancies on the board of directors;                                                                         |

| ● | developing and recommending to the board of directors and overseeing implementation of our corporate 
 governance guidelines;                                                                               |

| ● | coordinating and overseeing the annual self-evaluation of the board of directors, its committees, 
 individual directors and management in the governance of the company; and                         |

| ● | reviewing on a regular basis our overall corporate governance and recommending improvements as and 
 when necessary.                                                                                    |

The charter will also provide
that the nominating and corporate governance committee may, in its sole discretion, retain or obtain the advice of, and terminate, any
search firm to be used to identify director candidates, and will be directly responsible for approving the search firm’s fees and
other retention terms.

We have not formally established
any specific, minimum qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying
and evaluating nominees for director, our board of directors considers educational background, diversity of professional experience,
knowledge of our business, integrity, professional reputation, independence, wisdom, and the ability to represent the best interests
of our shareholders. Prior to our initial business combination, holders of our public shares will not have the right to recommend director