Company: CLM
Filing Date: 2025-04-21
Form Type: 424B3
Source: 0001398344-25-007380
Chunk: 94

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-21
Form: 424B3
Chunk 94
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 to which Cornerstone Advisors, LLC or any affiliate thereof, the Fund, an officer of the Fund, an investment company which the Cornerstone
Advisors, LLC advises or an officer thereof was a party.

BOARD COMPOSITION AND LEADERSHIP STRUCTURE

The Board consists of ten individuals, three of whom
are Interested Directors. The Chairman of the Board, Mr. Ralph Bradshaw, one of the Interested Directors, is the President of the Fund,
the President of the Investment Adviser, and is the President and a director of Cornerstone Total Return Fund, Inc. Mr. Daniel Bradshaw,
the second Interested Director, is Chief Investment Officer of the Investment Adviser. Mr. Joshua Bradshaw, the third Interested Director,
is Chief Executive Officer of the Investment Adviser. The Board does not have a lead independent director because the Board believes
that its structure is sufficient to ensure active participation by all of its members and at the same time rely on the expertise and
knowledge of Mr. Ralph Bradshaw as the Chairman of the Board.

The Board believes that its leadership structure
facilitates the orderly and efficient flow of information to the Directors from the Investment Adviser and other service providers with
respect to services provided to the Fund, potential conflicts of interest that could arise from these relationships and other risks that
the Fund may face. The Board further believes that its structure allows all of the Directors to participate in the full range of the
Board’s oversight responsibilities. The Board believes that the orderly and efficient flow of information and the ability to bring
each Director’s talents to bear in overseeing the Fund’s operations is important, in light of the size and complexity of
the Fund and the risks that the Fund faces. The Board and its committees review their structure regularly, to help ensure that it remains
appropriate as the business and operations of the Fund and the environment in which the Fund operates changes.

Currently, the Board has an Audit Committee and a
Nominating and Corporate Governance Committee. The responsibilities of each committee and its members are described below. The Board
convened four (4) times during the 2024 calendar year (including regularly scheduled and special meetings). Each of the Directors attended
at least seventy-five (75%) percent of the meetings held during the period for which he or she was a member.

THE AUDIT COMMITTEE

The Fund has a standing Audit Committee (the “Audit
Committee”), which is currently comprised of Messrs. Dean, Greer, Maresca, Morris