Company: CRAI
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001104659-25-039429
Chunk: 15

Company: CRA INTERNATIONAL, INC.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 15
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; and authorizing other equity compensation arrangements. The committee is directly responsible for appointing, determining the compensation of, evaluating and, when necessary, terminating our compensation consultant, as well as evaluating the independence of any compensation consultant, legal counsel or other advisor engaged by the committee. The committee is also responsible for reviewing and assessing the adequacy of the charter by which it is governed on an annual basis. Our board of directors has determined that all of the members of our compensation committee are independent under the rules of the Nasdaq Global Select Market. Our compensation committee met eight times, and acted by unanimous written consent three times, during fiscal 2024. Executive committee During fiscal 2024, our executive committee was composed of Prof. Holthausen (until March 1, 2024) and Messrs. Maleh, Booth, Concannon and Ms. Detrick (effective March 1, 2024). Our executive committee has delineated authority to act on behalf of our board of directors in situations arising between regular meetings of our board of directors. It is intended that our executive committee will take action only when reasonably necessary to expedite our interests between regularly scheduled board meetings. Our executive committee did not meet during fiscal 2024. Board leadership structure and role in risk oversight Mr. Maleh, our president and chief executive officer, serves as the chairman of our board of directors, and Mr. Concannon serves as our independent Lead Director. Our board has determined that this leadership 9 TABLE OF CONTENTS structure is appropriate for the Company because it enables Mr. Maleh to bring to our board of directors valuable leadership experience, a deep and thorough understanding of our business operations and day-to-day management, which facilitates efficient decision-making and effective execution of our strategic initiatives. As independent Lead Director, Mr. Concannon coordinates all activities of the independent directors, helps facilitate our board’s oversight and shareholder responsibilities, and acts as a liaison between Mr. Maleh and the other independent directors. This structure allows us to benefit from Mr. Maleh’s strategic vision and leadership while maintaining robust independent oversight through our independent Lead Director role and predominantly independent board. Our management is responsible for the day-to-day management of the risks that we face, while our board of directors, as a whole and through its committees, has responsibility for the oversight of our enterprise risk management. In its risk oversight role, our board of directors is responsible for satisfying itself that our enterprise risk management processes are adequate and functioning as designed. The involvement of our board of directors in risk