Company: COOT
Filing Date: 2025-10-23
Form Type: 20-F
Source: 0001493152-25-019123
Chunk: 49

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-10-23
Form: 20-F
Item: Item 6
Chunk 49
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 of these corporate governance requirements.
In the event that the Company ceases to be a “controlled company” and its shares continue to be listed on the Nasdaq, the
Company will be required to comply with these provisions within the applicable transition periods. See “ Risk Factors.”

Independence
of Directors

As
a result of its securities being listed on Nasdaq following consummation of the Business Combination, the Company will adhere to the
rules of such exchange, as applicable to controlled companies, in determining whether a director is independent. The board of directors
of the Company has consulted, and will consult, with its counsel to ensure that the board of director’s determinations are consistent
with those rules and all relevant securities and other laws and regulations regarding the independence of directors.

Risk
Oversight

Our
Board has responsibility for establishing broad corporate policies and reviewing our overall performance rather than day-to-day operations.
The primary responsibility of our Board is to oversee our management and, in doing so, serve our best interests and the best interests
of our shareholders. Our Board selects, evaluates and provides for the succession of executive officers and, subject to shareholder election,
directors. It reviews and approves corporate objectives and strategies, and evaluates significant policies and proposed major commitments
of corporate resources. Our Board also participates in decisions that have a potential major economic impact on us. Management keeps
the directors informed of Company activity through regular communication, including written reports and presentations at Board and committee
meetings.

Our
corporate governance practices do not indicate a particular board structure, and our Board has the flexibility to select its chair and
our chief executive officer in the manner that it believes is in the best interests of our shareholders. Accordingly, the positions of
Chair and the Chief Executive Officer may be filled by either one individual or two individuals. At present, the Chair and the Chief
Executive Officer roles are served by one person. Our Board believes that our current leadership structure and the composition of our
Board protect shareholder interests and provide adequate independent oversight, while also providing outstanding leadership and direction
for our Board and management.

Aside
from our Chief Executive Officer and Chairman (Gary Seaton) or our Chief Financial Officer (Amarjeet Singh), each of our other directors
is “independent” under Nasdaq standards, as more fully described herein. The independent directors meet in executive sessions,
without management present, during each regularly scheduled Board meeting and are very active in the oversight of our Company. In addition,
our Board and each committee of