Company: CDT
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001246
Chunk: 670

Company: CDT Equity Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 670
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 directors with its oversight of the integrity of the financial statements; the compliance with legal
and regulatory requirements; the qualifications, independence and performance of the independent registered public accounting firm; the
design and implementation of the financial risk assessment and risk management. Among other things, the Audit Committee is responsible
for reviewing and discussing with management the adequacy and effectiveness of disclosure controls and procedures. The Audit Committee
also discusses with management and independent registered public accounting firm the annual audit plan and scope of audit activities,
scope, and timing of the annual audit of the financial statements, and the results of the audit, quarterly reviews of the financial statements
and, as appropriate, initiates inquiries into certain aspects of the financial affairs.

The
Audit Committee is responsible for establishing and overseeing procedures for the receipt, retention, and treatment of any complaints
regarding accounting, internal accounting controls or auditing matters, as well as for the confidential and anonymous submissions by
employees of concerns regarding questionable accounting or auditing matters. In addition, the Audit Committee has direct responsibility
for the appointment, compensation, retention, and oversight of the work of the independent registered public accounting firm. The Audit
Committee has sole authority to approve the hiring and discharging of the independent registered public accounting firm, all audit engagement
terms and fees and all permissible non-audit engagements with the independent auditor. The Audit Committee reviews and oversees all related
party transactions in accordance with policies and procedures.

The
Audit Committee is comprised of three members: Ms. Farley (Chairperson), Dr. Lewis-Hall and Mr. Fry. Each member of the Audit Committee
meets the requirements for independence under the current Nasdaq and SEC rules and regulations and each member is financially literate.
In addition, the board of directors has determined that each of Ms. Farley and Mr. Fry is an “audit committee financial expert”
as defined in Item 407(d)(5)(ii) of Regulation S-K promulgated under the Securities Act.

76

Compensation
Committee

The
Compensation Committee assists the board of directors with its oversight of the forms and amount of compensation for executive officers
(including officers reporting under Section 16 of the Exchange Act), the administration of equity and non-equity incentive plans for
employees and other service providers and certain other matters related to compensation programs. The Compensation Committee, among other
responsibilities, evaluates the performance of our Chief Executive Officer and, in consultation with the Chief Executive Officer, evaluates
the performance of other executive officers (including officers reporting under