Company: EQS
Filing Date: 2025-05-12
Form Type: DEF 14A
Source: 0001712543-25-000028
Chunk: 19

Company: EQUUS TOTAL RETURN, INC.
Filing Date: 2025-05-12
Form: DEF 14A
Chunk 19
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 Committee |     | Compensation 
 Committee    |     | Committee   
 of          
 Independent 
 Directors   |     | Governance 
 and        
 Nominating 
 Committee  |
| Fraser Atkinson, Chairman |     | Chair     |     | *            |     | Chair       |     | *          |
| Kenneth I. Denos          |     |           |     |              |     |             |     |            |
| Henry W. Hankinson        |     | *         |     | Chair        |     | *           |     | *          |
| John A. Hardy             |     |           |     |              |     |             |     |            |
| John J. May               |     | *         |     | *            |     | *           |     | Chair      |

Audit Committee

The charter of the Audit Committee specifies that
the purpose of the Audit Committee is to assist the Board in its oversight of the integrity of:

| • | The Company’s financial statements, |

| • | The Company’s compliance with legal and regulatory requirements, |

| • | The independence and qualifications of the Company’s independent registered public accountant, and |

| • | The performance of the Company’s internal audit function and independent registered public accountant. |

In furtherance of the foregoing purpose, the Audit
Committee’s authority and responsibilities include to:

| • | Review and oversee the Company’s annual and quarterly financial statements; |

| • | Discuss with management and the Company’s independent registered public accountant, as appropriate, earnings press releases and financial information, as well as financial information and earnings guidance provided to analysts and ratings agencies; |

| • | Recommend, for shareholder approval, the appointment of the Company’s independent registered public accountant, and oversee the compensation, retention, oversight, and other matters relating to the engagement or discharge of the independent registered public accounting firm; |

| • | Review with management and the independent registered public accountant, as appropriate, any audit problems or difficulties the independent registered public accountant encountered in the course of the audit work and management’s responses thereto; |

| 15 |

| • | Discuss with management the Company’s risk assessment and risk management guidelines and policies, including the Company’s major financial risk exposures and steps taken by management to monitor and control such exposures; |

| • | Oversee the Company’s financial controls and reporting processes; |

| • | Review the Company’s financial reporting and accounting standards and principles; |

| • | Review the performance of the Company’s internal audit function and the performance of the