Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 244

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 16G
Chunk 244
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Item 16G.

Corporate Governance

Overview

Pursuant to an exception for foreign private issuers,

we, as a Marshall Islands company,

are not required

to

comply with

the

corporate governance

practices followed

by U. S.

companies under

the

NYSE listing

standards.

We believe that our established practices in

the area of corporate governance are in

line with

the spirit

of the

NYSE standards

and provide

adequate protection to

our shareholders.

In fact,

we have

voluntarily adopted

NYSE required

practices, such

as (a)

having a

majority of

independent directors,

(b)

establishing audit,

compensation, sustainability

and nominating

committees and

(c)

adopting a

Code of

Ethics.

The significant differences between our corporate governance practices and the NYSE standards

are set forth below.

Executive Sessions

The

NYSE

requires

that

non-management

directors

meet

regularly

in

executive

sessions

without

management.

The NYSE also

requires that all

independent directors

meet in an

executive session

at least

once a year.

As permitted under Marshall Islands law and our bylaws, our non-management directors do

not

regularly

hold

executive

sessions

without

management

and

we

do

not

expect

them

to

do

so

in

the

future.

115

Audit Committee

The NYSE requires,

among other things,

that a company

have an audit

committee with a

minimum of three

members.

Our Audit

Committee consists

of two

independent members

of our

Board of

Directors. Our

Audit

Committee

conforms

to

every

other

requirement

applicable

to

audit

committees

set

forth

in

the

listing

standards of the NYSE.

Shareholder Approval of Equity Compensation Plans

The NYSE requires listed

companies to obtain prior

shareholder approval to adopt

or materially revise any

equity compensation

plan. As

permitted under

Marshall Islands

law and

our amended

and restated

bylaws,

we

do

not

need prior

shareholder approval

to

adopt or

revise

equity compensation

plans, including

our

equity incentive plan.

Corporate Governance Guidelines

The NYSE

requires