Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 47

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 47
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on (Chair), Mr. Kazmi, and Mr. Francis. All current members of the Compensation Committee are “independent directors” as defined under the NASDAQ Listing Rules and Rule 10A-3(b) under the 34 Act. None of these individuals were at any time during the fiscal year ended June 30, 2024, or at any other relevant time, an officer or employee of the Company. The primary function of the Compensation Committee is to assist the Board in fulfilling its oversight responsibilities relating to officer and director compensation. The Compensation Committee met virtually once during the 2024 fiscal year and no material changes to executive compensation was made this year. Any succession compensation planning was addressed at the general board meetings.

No executive officer of the Company serves as a member of the board of directors or compensation committee of any entity that has one or more executive officers serving as a member of the Company’s Board of Directors or Compensation Committee.

Compensation Committee’s primary duties and responsibilities are to:

| (i) | Oversee                                                                                          
 the development and implementation of the compensation policies, strategies, plans, and programs 
 for the Company’s executive officers and outside directors.                                      |

| (ii) | Review                                                                   
 and determine the compensation of the executive officers of the Company. |

| (iii) | Oversee                                                                                   
 the selection and performance of the Company’s executive officers and succession planning 
 for key members of the Company’s management; and,                                         |

| (iv) | Review                                                                                      
 and ensure compliance with the compensation rules and regulations applicable to the Company 
 under the Dodd Frank Act and certain SEC disclosure rules.                                  |

The Compensation Committee’s report is included below under “Compensation Discussion and Analysis”.

| 35 |

Compensation Philosophy and Objectives

Our executive compensation philosophy calls for competitive total compensation that will reward executives for achieving individual and corporate performance objectives and will attract, motivate and retain leaders who will drive the creation of shareholder value. It incorporates elements that create shareholder value by driving financial performance, retaining a high-performing and talented executive team, and aligning the interests of the executive team with the interests of shareholders. The Compensation Committee reviews the compensation and benefit programs for executive officers, including the named executive officers, and performs an annual assessment of the Company’s executive compensation policy. In determining total compensation, the Compensation Committee considers the objectives and attributes described below.

| Executive                    
 Compensation Principles      |     |   |                                                                                                                                      |
| Shareholder                  
 Alignment                    |     | ● | Our                                                                                                                                  
 executive compensation programs are designed