Company: SUPN
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001104659-25-042531
Chunk: 21

Company: SUPERNUS PHARMACEUTICALS, INC.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 21
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 Board of Directors’ Role in the Oversight of Risk Management Management is responsible for the day-to-day management of risks that we face, while our Board of Directors, as a whole and through its committees, has responsibility for the oversight of risk management. In its risk oversight role, our Board of Directors has the responsibility to satisfy itself that the risk management processes designed and implemented by management are adequate and functioning as designed. Our Board of Directors is actively involved in oversight of risks that could affect us. The Board of Directors’ oversight is conducted primarily through the full Board of Directors, which has generally retained primary responsibility for general oversight of risks, other than cybersecurity related information technology risks. The Board of Directors has appointed the Audit Committee as its primary body responsible for overseeing risk identification, management and mitigation strategies related to cybersecurity related information technology risks. Our Board of Directors and Audit Committee satisfy their respective responsibilities by receiving written and oral reports at regularly scheduled board and committee meetings from officers responsible for oversight of particular risks within our Company as our Board of Directors and Audit Committee each believe that full and open communication between management and the Board of Directors and its committees is essential for effective risk management and oversight. Additionally, as the primary body overseeing cybersecurity related information technology risks, the Audit Committee is also charged with ensuring management provides a cybersecurity risk update to the full Board of Directors annually enabling the full board to also oversee the management of that risk. As a critical part of these risk management oversight roles, the Board of Directors encourages full and open communication between management, the Board of Directors and its committees. Our Chairman meets periodically with the President and CEO to discuss strategy and risks facing the Company. Senior management attends meetings of the Board of Directors and the Audit Committee and is available to address any questions or concerns raised by the Board or Audit Committee concerning risk management-related and other matters. The Board of Directors and Audit Committee periodically receive presentations from senior management concerning strategic matters involving the Company’s operations to enable it to understand the Company’s risk identification, risk management and risk mitigation strategies. In addition to serving as the Board of Directors’ primary body to oversee risk identification, management and mitigation strategies related to cybersecurity related information technology risks, the Audit Committee also assists the Board of Directors in fulfilling its oversight responsibilities with respect to risk management in areas of financial risk, internal controls and compliance with legal and regulatory requirements. The Compensation Committee assists the Board of Directors with oversight of risk management in the areas of compensation policies and programs. The Governance and Nominating Committee assists the Board of Directors concerning the organization, membership and structure of