Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2707

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 8
Chunk 2707
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 for our executive officers and employees;

    ●
    producing a report on executive
    compensation to be included in our annual proxy statement; and

    ●
    reviewing, evaluating and
    recommending changes, if appropriate, to the remuneration for directors.

The charter provides that
the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other
adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before
engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee
will consider the independence of each such adviser, including the factors required by the SEC.

77

Nomination and Corporate
Governance Committee. The Nominating and Corporate Governance Committee consists of two directors: Rolf Wikborg and
Tone Bjornov. Tone Bjornov serves as the nominating and corporate governance committee chairman. The Nominating and Corporate Governance
Committee’s duties are specified in a charter and include, but not be limited to:

    ●
    assist the Board by identifying
    qualified candidates for director nominees, and to recommend to the Board of Directors the director nominees for the next annual
    meeting of stockholders;

    ●
    lead the Board in its annual
    review of its performance;

    ●
    recommend to the Board
    director nominees for each committee of the Board; and

    ●
    develop and recommend to
    the Board corporate governance guidelines applicable to us.

Role of Board in
Risk Oversight Process

Our Board has responsibility
for the oversight of our risk management processes and, either as a whole or through its committees, regularly discusses with management
our major risk exposures, their potential impact on our business and the steps we take to manage them. The risk oversight process includes
receiving regular reports from board committees and members of senior management to enable our Board to understand our risk identification,
risk management, and risk mitigation strategies with respect to areas of potential material risk, including operations, finance, legal,
regulatory, cybersecurity, strategic and reputational risk.

Code of Ethics

Our Board adopted a written
code of business conduct and ethics (“Code”) that applies to our directors, officers and employees, including our principal
executive officer, principal financial officer and principal accounting officer or controller, or persons performing similar functions.
Our website has a current copy of the Code and all disclosures that are required