Company: JSDA
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0001641172-25-013621
Chunk: 12

Company: JONES SODA CO.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 12
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 The Board of Directors
receives regular reports from executive management on areas of material risk to the Company, including operational, financial, legal,
regulatory and strategic risks. While the Board of Directors is ultimately responsible for risk oversight, each of the committees of the
Board of Directors assists in fulfilling these oversight responsibilities. The Audit Committee oversees management of financial risks
by identifying key areas of risk for the Company, reviewing management’s policies, programs and policies to deal with risk, identifying
members of management whose responsibility it is to manage risks and receiving reports from such persons. The Compensation and Governance
Committee is responsible for overseeing the management of risks relating to corporate governance and the compensation of executives, employees
and non-employee directors. The independent members of the board manage risks associated with Board composition, including the independence
of Board members. The Chair of the relevant Board committee reports on its discussions regarding risk management to the full Board of
Directors, enabling the Board of Directors and its committees to coordinate the risk oversight roles.

Director Independence

Our Board of Directors has undertaken a review
of the independence of each director. Based on information provided by each director concerning her or his background, employment and
affiliations, our Board of Directors has determined each of Messrs. Norman, Dissinger, Reichman and Sirkin do not have any
relationships that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director and that
each of these directors is “independent” as that term is defined under The Nasdaq Stock Market. In making these determinations,
our Board of Directors considered the current and prior relationships that each non-employee director has with our Company and all other
facts and circumstances our Board of Directors deemed relevant in determining their independence, including the beneficial ownership of
our shares by each non-employee director and the transactions described in the section titled “Certain Relationships and Related Party Transactions.”

Committee of our Board of Directors

Our Board of Directors has an Audit Committee,
a Compensation and Governance Committee (the “Compensation Committee”), and a Mergers and Acquisitions and Investments Committee.
Our entire Board of Directors serves in place of a Nominating Committee, and our independent directors are responsible for, among other
things, identifying individuals qualified to become members of our Board of Directors and approving director candidates for election to
our Board of Directors. The composition and responsibilities of each of the committees of our Board of Directors are described below.
Members serve on these committees until their death, resignation or until otherwise determined