Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 120

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 120
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 issues regarding our financial statements or accounting policies; and

    ●
    approving reimbursement of expenses incurred by our management team in identifying potential target businesses.

The audit committee is composed exclusively of
“independent directors” who are “financially literate” as defined under the Nasdaq listing standards. The Nasdaq
listing standards define “financially literate” as being able to read and understand fundamental financial statements, including
a company’s balance sheet, income statement and cash flow statement.

50

Compensation Committee

We have established a compensation committee of
the board of directors to consist of Dave Rosa, and Ronald McClurg each of whom is an independent director. Dave Rosa is the Chairman
of the Compensation Committee. Each member of our compensation committee is also a non-employee director, as defined under Rule 16b-3
promulgated under the Exchange Act, and an outside director, as defined pursuant to Section 162(m) of the Code. Dave Rosa is the chairman
of the compensation committee. The compensation committee’s duties, which are specified in our Compensation Committee Charter, include,
but are not limited to:

    ●
    reviews, approves and determines, or makes recommendations to our board of directors regarding, the compensation of our executive officers;

    ●
    administers our equity compensation plans;

    ●
    reviews and approves, or makes recommendations to our board of directors, regarding incentive compensation and equity compensation plans; and

    ●
    establishes and reviews general policies relating to compensation and benefits of our employees.

Nominating and Corporate Governance Committee

We have established a nominating and corporate
governance committee consisting of, Ronald McClurg, and Jainal Bhuiyan is the Chairman of the Nominating and corporate governance committee.
The committee’s duties, which are specified in our Nominating and Corporate Governance Committee Charter, include, but are not limited
to:

    ●
    identifying, reviewing and evaluating candidates to serve on our board of directors consistent with criteria approved by our board of directors;

    ●
    evaluating director performance on our board of directors and applicable committees of our board of directors and determining whether continued service on our board of directors is appropriate

    ●
    evaluating nominations by stockholders of candidates for election to our board of directors; and

    ●
    corporate governance matters

Code of Ethics

Our Board has adopted a written code of business
conduct and ethics (“Code”) that applies to our directors, officers and employees, including our principal executive officer