Company: NOTV
Filing Date: 2025-01-23
Form Type: DEF 14A
Source: 0001628280-25-002250
Chunk: 8

Company: Inotiv, Inc.
Filing Date: 2025-01-23
Form: DEF 14A
Chunk 8
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 Directors as a whole maintains ultimate oversight responsibility, the Board of Directors has delegated certain risk management oversight responsibilities to its various committees. The Audit Committee oversees management of market and operational risks that could have a financial impact, such as those relating to internal controls or liquidity. The Compensation Committee is responsible for overseeing risks related to our compensation programs, including structuring and reviewing our executive compensation programs, considering whether such programs are in line with our strategic objectives and incentivizing appropriate risk-taking. The Nominating/Corporate Governance Committee manages risks associated with governance issues, such as the independence of the Board of Directors and key executive succession.

In addition to its formal compliance programs, the Board of Directors encourages management to promote a corporate culture that understands risk management and incorporates it into the overall corporate strategy and day-to-day business operations of the Company. The Company’s risk management structure also includes an ongoing effort to assess and analyze the most likely areas of future risk for the Company and to address them in its long-term planning process.

Committees and Meetings of the Board of Directors

The Board of Directors has established Compensation, Audit and Nominating/Corporate Governance Committees. Scheduled meetings are supplemented by frequent informal exchanges of information and actions taken by unanimous written consents without meetings.

During fiscal 2024, no member of the Board of Directors attended fewer than 75% of the aggregate of the meetings of the Board of Directors and meetings of any committee of the Board of Directors of which he or she was a member. All of the members of the Board of Directors are encouraged, but not required, to attend the Company’s annual meetings of shareholders. All of our directors at the time attended the 2024 annual meeting of shareholders (the “2024 Annual Meeting”), in person or via the webcast.

The following chart shows the current members of, and the number of meetings held in fiscal 2024 by, each of the committees of the Board of Directors and the number of meetings held in fiscal 2024 of the Board of Directors:

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| Committee                       |     |                       |     | Members                       |     | Meetings in Fiscal 2024 |
| Compensation                    |     |                       |     | David Landman (Chair)         |     |                       6 |
|                                 |     | Nigel Brown, Ph.D.    |     |                               |     |                         |
|                                 |     | Terry Coelho          |     |                               |     |                         |
|                                 |     | Michael J. Harrington |     |