Company: CLM
Filing Date: 2025-02-21
Form Type: N-2
Source: 0001398344-25-003234
Chunk: 97

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-21
Form: N-2
Chunk 97
---
 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, Rogers and Strauss and Ms.
Malzahn, all of whom are Directors who are not interested persons of the Fund, as such term is defined in Section 2(a)(19) of the
Investment Company Act. The Audit Committee has a written charter. The principal functions of the Audit Committee include but are
not limited to, (i) the oversight of the accounting and financial reporting processes of the Fund and its internal control over
financial reporting; (ii) the oversight of the quality and integrity of the Fund’s financial statements and the independent
audit thereof; and (iii) the approval, prior to the engagement of, the Fund’s independent registered public accounting firm
and, in connection therewith, to review and evaluate the qualifications, independence and performance of the Fund’s
independent registered public accounting firm. The Audit Committee convened four (4) times during the 2024 calendar year.

The Board has determined that Mr. Maresca is an
Audit Committee Financial Expert, as such term is defined in Section 407 of the Sarbanes-Oxley Act of 2002.

<div align='center'>B-11</div>

THE NOMINATING AND CORPORATE GOVERNANCE COMMITTEE

The Fund has a standing N