Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 15

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 15
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The Board of Directors is responsible
for overseeing our risk management practices, and committees of the Board of Directors assist it in fulfilling this responsibility. The
Board of Directors has established a risk committee, which is comprised solely of independent directors, to assist the Board of Directors
in the oversight of our risk governance structure; our risk management and risk assessment guidelines and policies regarding market, credit,
enterprise risk, liquidity, leverage, counterparty, funding and reputational risk and such other risks as necessary to fulfill the risk
committee’s duties and responsibilities; risk tolerance; and capital, liquidity and funding.

As required by its charter, the
risk committee routinely discusses with management our significant risk exposures and the actions management has taken to limit, monitor
or control such exposures, including guidelines and policies with respect to our assessment of risk and risk management. At least annually,
the risk committee reviews with management our risk management program, which identifies and quantifies a broad spectrum of enterprise-wide
risks and related action plans and has quarterly risk assessment updates with management. In 2024, our Board of Directors participated
in this review and discussion, and it expects to continue this practice as part of its role in the oversight of our risk management practices.
At their discretion, members of the Board of Directors may also directly contact management to review and discuss any risk-related or
other concerns that may arise between regular meetings. Additionally, the Chair of the risk committee liaises with the Chair of the audit
committee to assist the audit committee in its review of our policies with respect to risk assessment and risk management. The audit committee
assists the Board of Directors in overseeing our overall risk profile and risk management policies. The audit committee is also responsible
for managing risks inherent in its oversight of the integrity of our financial statements, our compliance with legal and regulatory requirements,
our independent registered public accounting firm and our internal audit function.

We have entered into employment
agreements with each of our named executive officers, pursuant to which we pay compensation to each of the named executive officers in
the form of both cash and stock-based compensation. Pursuant to our existing equity incentive plan, we grant equity awards to the named
executive officers and, in addition, as determined by the Board of Directors, we may grant equity awards to our non-executive employees.
Our Board of Directors, including our compensation committee, believes that such grants align the interests of the officers and employees
with our interests and do not create risks that are reasonably likely to have a material adverse effect on us.