Company: FORA
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001140361-25-016300
Chunk: 18

Company: Forian Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 18
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 the management of such risks, our entire Board is regularly informed through committee reports about such risks. Our CEO and Chairman of the Board, Max Wygod, coordinates between the Board and management with regard to the determination and implementation of responses to any problematic risk management issues. Board Committees Audit Committee The Audit Committee’s responsibilities include:

| • | appointing, approving the compensation of and assessing the independence of our registered public accounting firm; |

| • | overseeing the work of our registered public accounting firm, including through the receipt and consideration of reports from such firm; |

| • | reviewing and discussing with management and the registered public accounting firm our annual and quarterly financial statements and related disclosures; |

| • | coordinating our Board’s oversight of our internal control over financial reporting, disclosure controls and procedures and code of business conduct and ethics; |

| • | discussing our risk management policies; |

| • | meeting independently with our internal auditing staff, if any, registered public accounting firm and management; |

| • | reviewing and approving or ratifying any related person transactions; and |

| • | preparing the audit committee report required by SEC rules. |

The members of our Audit Committee are Mr. Banwell, Mr. Trotman and Dr. Vuori. Mr. Banwell serves as the chairperson of the committee. All members of the Audit Committee meet the requirements for financial

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literacy under the applicable Nasdaq rules. Our Board has determined that each of Mr. Banwell, Mr. Trotman and Dr. Vuori meets the independence requirements of Rule 10A-3 under the Exchange Act and the applicable Nasdaq rules. Our Board has determined that each of Mr. Banwell, Mr. Trotman and Dr. Vuori is an “audit committee financial expert” as defined by applicable SEC rules and has the requisite financial sophistication as defined under the applicable Nasdaq rules. Our Audit Committee met four times during our fiscal year ended December 31, 2024. For information on audit fees, see “ PROPOSAL 3: RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.” Compensation Committee The Compensation Committee’s responsibilities include:

| • | reviewing and approving, or recommending for approval by our Board, the compensation of our Chief Executive Officer and other executive officers; |

| • | overseeing and administering our cash and equity incentive plans; |

| • | reviewing and making recommendations to our Board with respect to director compensation; and |

| • | preparing the annual compensation committee report by SEC rules