Company: TRUE
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001104659-25-033025
Chunk: 21

Company: TrueCar, Inc.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 21
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 with applicable laws and regulations, the adequacy and effectiveness of our legal, regulatory and ethical compliance policies and any material legal or regulatory matters relating to our financial statements, accounting policies or compliance procedures; • reviewing the adequacy and effectiveness of our internal controls and disclosure controls and procedures; • reviewing our major financial risk exposures and the steps we have taken to monitor and control those exposures, including our guidelines and policies with respect to risk assessment and management, as well as reviewing the risks and mitigation steps taken by management related to cybersecurity, data privacy, regulatory compliance, business continuity, disaster recovery and ESG (environmental, social & governance) measures and disclosures; • reviewing related-party transactions; • administering our whistleblower policy setting forth procedures for the receipt, retention and treatment of accounting-related complaints and the confidential submission by our employees of concerns regarding questionable accounting or auditing matters; and • reviewing and assessing annually the audit committee charter and the committee’s performance. Our audit committee operates under a written charter that satisfies the applicable rules of the SEC and Nasdaq’s listing standards. Compensation and Workforce Committee We refer to our compensation and workforce committee as the compensation committee. Our compensation committee is comprised of Mmes. Carbone and Iosotaluno and Mr. Rodriguez. Ms. Iosotaluno serves as the chair of the compensation committee. Ms. Lantz served on the compensation committee until her departure from the Board 13 TABLE OF CONTENTS 2025 ANNUAL PROXY STATEMENT in May 2024. The composition of our compensation committee meets the requirements for independence under current Nasdaq listing standards and SEC rules and regulations. Each member of the compensation committee is also a non-employee director, as defined by Rule 16b-3 under the Exchange Act. The purpose of our compensation committee is to oversee our compensation policies, plans and benefit programs, significant matters related to our workforce and to discharge the responsibilities of our Board relating to the compensation of our executive officers. During 2024, the compensation committee held six meetings. The responsibilities of our compensation committee include, among other things: • overseeing our overall compensation philosophy and compensation policies, plans and benefit programs; • reviewing and approving our executive officers’ annual base salary, annual and quarterly incentive bonus (including the specific goals and amounts), equity compensation, employment agreements, severance agreements, change in control arrangements and other benefits, compensation or related arrangements; • reviewing, discussing with management and recommending to the Board our compensation-related disclosures required by the rules and regulations of the SEC, preparing the compensation committee report and