Company: CLM
Filing Date: 2025-02-27
Form Type: DEF 14A
Source: 0001398344-25-003662
Chunk: 15

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-02-27
Form: DEF 14A
Chunk 15
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 also adopted policies, processes and procedures designed to identify, assess and manage certain risks associated with the Fund’s activities, and the Board receives reports from service providers with respect to the operation of these policies, processes and procedures as required and/or as the Board deems appropriate. The Board does not believe that a separate Risk Oversight Committee is necessary for effective risk oversight at this time, but intends to continuously evaluate how it assesses risk and consider whether any changes to the current structure are prudent.

REQUIRED VOTE

Directors are elected by a plurality of the votes cast by the holders of shares of common stock of the Fund present in person or represented by proxy at a meeting with a quorum present. For purposes of the election of Directors, abstentions and broker non-votes will be counted as shares present for quorum purposes, may be considered votes cast, and may affect the plurality vote required for Directors. Proposal No. 1 is considered a “routine” matter under the rules of the New York Stock Exchange (“NYSE”), and beneficial owners who do not provide proxy instructions or who do not return a proxy card may have their shares voted by broker-dealer firms on the proposal in the discretion of such broker-dealer firms.

THE BOARD OF DIRECTORS RECOMMENDS THAT THE STOCKHOLDERS VOTE “FOR” THE ELECTION OF MESSRS. JOSHUA G. BRADSHAW, PETER K. GREER, FRANK J. MARESCA AND ANDREW A. STRAUSS AS CLASS III DIRECTORS OF THE FUND.

AUDIT COMMITTEE REPORT

In February 2025, the Audit Committee met with the Fund’s Administrator, Ultimus Fund Solutions, LLC, and the Fund’s independent registered public accounting firm, Cohen & Company, Ltd., to discuss and review the Fund’s audited financial statements for the calendar year ended December 31, 2024. The Fund’s independent registered public accounting firm represented to the Audit Committee that the Fund’s financial statements were prepared in accordance with U.S. Generally Accepted Accounting Principles, and the Audit Committee has reviewed and discussed the financial statements with the Fund’s Administrator and its independent registered public accounting firm. The Audit Committee also discussed with the independent registered public accounting firm matters required to be discussed by current auditing standards.

The Fund’s independent registered public accounting firm also provided to the Audit Committee the written disclosures required by current independence standards regarding Independence Discussions with Audit Committees, and the Audit Committee discussed with the independent registered public accounting firm their independence, in light of the services