Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 1154

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 1154
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 Board as a whole, as well as through various
standing committees of the Board that address risks inherent in their respective areas of oversight. For example, the Company’s
audit committee is responsible for overseeing the management of risks associated with the Company’s financial reporting, operational,
privacy and cybersecurity, competition, legal, regulatory, compliance and reputational matters; and the Company’s compensation
committee oversees the management of risks associated with our compensation policies and programs.

Committees
of the Board of Directors

The
standing committees of Company’s Board consists of an Audit Committee, a Compensation Committee, and a Nominating and Corporate
Governance Committee. The composition of each committee following the Business Combination is set forth below.

Audit
Committee

The
Company’s Audit Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act and consists of Douglas
Maine, Gary Cohen and Alan Black, each of whom is an independent director and is “financially literate” as defined under
the Nasdaq listing standards. Douglas Maine serves as chair of the Audit Committee. The Company’s Board has determined that Mr.
Maine qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

Compensation
Committee

The
Company’s Compensation Committee consists of Gary Cohen and Douglas Maine, each of whom is an independent director under Nasdaq’s
listing standards, and Gary Cohen serves as chair of the Compensation Committee.

Nominating
and Corporate Governance Committee

The
Company’s Nominating and Corporate Governance Committee consists of Kanishka Roy and Alan Black, each of whom is an independent
director under Nasdaq’s listing standards, and Kanishka Roy serves as the chair of the Nominating and Corporate Governance Committee.
The Nominating and Corporate Governance Committee is responsible for overseeing the selection of persons to be nominated to serve on
the Board. The Nominating and Corporate Governance Committee considers persons identified by its members, management, shareholders, investment
bankers and others.

70

The
guidelines for selecting nominees, including nominees who will permit the Continuing Company to comply with applicable California and
Nasdaq diversity standards, are specified in the Nominating and Corporate Governance Committee Charter.

Compensation
Committee Interlocks and Insider Participation

None
of the members of the Company’s compensation committee has ever been an executive officer or employee of the Company. None of the
Company’s executive officers currently serve, or have served during the last completed fiscal year