Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 347

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 347
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 vis -à-visone another, the executive directors and any particular interests involved. In order to safeguard the independence of the non -executivedirectors, certain independency criteria apply, being in any case that the DCGC stipulates that a majority of the non -executivedirectors should be independent within the meaning of the DCGC and that for each shareholder or group of afliated shareholders directly or indirectly holding more than 10 per cent of the shares in PubCo, there is at most one executive director who can be considered to be affiliated with or representing them in conformity with the independence rules as included in the DCGC. Furthermore, the chairperson of the PubCo board of directors should not be a former executive director and should be independent within the meaning of the DCGC. All of PubCo’s executive/non -executivedirectors, qualify as independent within the meaning of the DCGC. Diversity and Director and Officer Qualifications PubCo is not expected to formally establish any specific, minimum qualifications that must be met by each of its directors. However, PubCo expects generally to evaluate the following qualities: educational background, diversity of professional experience, including whether the person is a current or was a former chief executive officer or chief financial officer of a public company or the head of a division of a prominent international organization, knowledge of PubCo’s business, integrity, professional reputation, independence, wisdom, and ability to represent the best interests of PubCo’s shareholders. Furthermore, from the moment PubCo qualifies as a so -called“large company” under Dutch law, it will be subject to the gender diversity target regime. Under this target regime PubCo would have to set appropriate and ambitious targets — which should take the form of target ratios — to bring about a more balanced ratio of men to women with regard to its directors. A Dutch company qualifies as large, if it meets at least two of the following three criteria on at least two successive balance sheet dates: (a) the value of the assets (based on its balance sheet and explanatory notes) on the basis of acquisition and production prices exceeds EUR 25mio, (b) the net turnover for the financial year exceeds EUR 50mio and (c) the average number of employees is 250 or more. 177 The Nominating and Corporate Governance Committeeof the PubCo board of directors will prepare policies regarding director qualification requirements (including a diversity policy) and the process for identifying and evaluating director candidates for adoption by PubCo