Company: NXDT
Filing Date: 2025-04-23
Form Type: S-4/A
Source: 0001437749-25-012810
Chunk: 69

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-04-23
Form: S-4/A
Chunk 69
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 setting strategic priorities, lead the discussion of business and strategic issues and translate Board recommendations into Old NXDT operations and policies.

The Board has appointed Scott Kavanaugh as its lead independent trustee. His key responsibilities in this role include:

| ● | developing agendas for, and presiding over, the executive sessions of the non-management or independent trustees; |

| ● | reporting the results of the executive sessions to the Chairman; |

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| ● | providing feedback from executive sessions to the Chairman; |

| ● | serving as a liaison between the independent trustees and the Chairman (provided that each trustee will also be afforded direct and complete access to the Chairman at any such time such trustee deems necessary or appropriate); |

| ● | presiding at all meetings of the Board at which the Chairman is not present; |

| ● | approving information sent to the Board; |

| ● | approving agendas for Board meetings; |

| ● | approving Board meeting schedules to ensure that there is sufficient time for discussion of all agenda items; |

| ● | calling meetings of the independent trustees; and |

| ● | if requested by major shareholders, ensuring that he is available for consultation and direct communication. |

Risk is inherent with every business and we face a number of risks. Management is responsible for the day-to-day management of risks, while the Board, as a whole and through our audit committee, is responsible for overseeing our management and operations, including overseeing its risk assessment and risk management functions. The Board has delegated responsibility for reviewing our policies with respect to risk assessment and risk management to our audit committee through its charter. The Board has determined that this oversight responsibility can be most efficiently performed by our audit committee as part of its overall responsibility for providing independent, objective oversight with respect to our accounting and financial reporting functions, internal and external audit functions, systems of internal controls over financial reporting and legal, ethical and regulatory compliance. Our Board has also delegated the oversight of risks related to cybersecurity to our audit committee and risks related to environmental, social and governance matters to our nominating and corporate governance committee. Our audit and nominating and corporate governance committees regularly report to the Board with respect to its oversight of these areas.

Board Meetings

The Board held five meetings during the fiscal year ended December 31, 2024. Each trustee serving on the Board in 2024 attended at least 75% of the total number of meetings of the Board and the total number of meetings of the committees on which he or she served during the time they served on