Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1209

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 2
Chunk 1209
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 Board
    director nominees for each committee of the Board; and

    ●
    develop and recommend to
    the Board corporate governance guidelines applicable to us.

Role of Board in
Risk Oversight Process

Our Board has responsibility
for the oversight of our risk management processes and, either as a whole or through its committees, regularly discusses with management
our major risk exposures, their potential impact on our business and the steps we take to manage them. The risk oversight process includes
receiving regular reports from board committees and members of senior management to enable our Board to understand our risk identification,
risk management, and risk mitigation strategies with respect to areas of potential material risk, including operations, finance, legal,
regulatory, cybersecurity, strategic and reputational risk.

Code of Ethics

Our Board adopted a written
code of business conduct and ethics (“Code”) that applies to our directors, officers and employees, including our principal
executive officer, principal financial officer and principal accounting officer or controller, or persons performing similar functions.
Our website has a current copy of the Code and all disclosures that are required by law in regard to any amendments to, or waivers from,
any provision of the Code.

Clawback Policy

On January 1, 2024, our Board
adopted an executive compensation recoupment policy consistent with the requirements of the Exchange Act Rule 10D-1 and the Nasdaq listing
standards thereunder, to help ensure that incentive compensation is paid based on accurate financial and operating data, and the correct
calculation of performance against incentive targets. Our policy addresses recoupment of amounts from performance-based awards paid to
all corporate officers, including awards under our equity incentive plans, in the event of a financial restatement to the extent that
the payout for such awards would have been less, or in the event of fraud, or intentional, willful or gross misconduct that contributed
to the need for a financial restatement.

Insider Trading Policy

We have an insider trading
policy that prohibits our directors, executive officers, employees, independent contractors and consultants from the purchasing or selling
our securities while being aware of material, non-public information about the Company as well as disclosing such information to others
who may trade in securities of the Company. Our insider trading policy also prohibits our directors, executive officers, employees, independent
contractors and consultants from engaging in hedging activities or other short-term or speculative transactions in the Company’s
securities such as short sales, options trading, holding the Company’s