Company: DNP
Filing Date: 2025-01-24
Form Type: DEF 14A
Source: 0001193125-25-011831
Chunk: 8

Company: DNP SELECT INCOME FUND INC
Filing Date: 2025-01-24
Form: DEF 14A
Chunk 8
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Board Leadership Structure

The Board believes that the most appropriate leadership structure for the Funds is for the Chair of the Board to be an independent director, in
order to provide strong, independent oversight of each Fund’s management and affairs, including each Fund’s risk management function. The independent Chair of the Board presides at meetings of the shareholders, meetings of the Board and
meetings of independent directors. In addition, the independent Chair of the Board takes part in the meetings and deliberations of all committees of the Board, facilitates communication among directors and communication between the Board and the
Funds’ management and is available for consultation with the Funds’ management between Board meetings. The Board has four standing committees, which are described below: the executive committee, the audit committee, the contracts
committee, and the nominating and governance committee.

The executive committee of the Board is currently comprised of Mr. Vitale
(Chair), Mr. Burke, Ms. Cusack and Ms. Moran, and has authority, with certain exceptions, to exercise the powers of the Board between Board meetings. Ms. Moran will become Chair of the executive committee upon
Mr. Vitale’s retirement.

The audit committee of the Board is currently comprised of all independent directors of the Funds
(Mr. Burke serves as Chair) and makes recommendations regarding the selection of each Fund’s independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the
results of each audit and assists the Board in overseeing each Fund’s accounting, auditing, financial reporting and internal control functions.

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The contracts committee of the Board is currently comprised of all independent directors of the
Funds (Ms. Moran serves as Chair) and makes recommendations regarding each Fund’s contractual arrangements for investment management and administrative services, including the terms and conditions of such contracts.

The nominating and governance committee of the Board is currently comprised of all independent directors of the Funds (Ms. Cusack serves
as Chair) and selects nominees for election as directors, recommends individuals to be appointed by the Board as officers of the Funds and members of Board committees and makes recommendations regarding other Fund governance and Board administration
matters. The committee also oversees the Board’s continuing education program, which includes quarterly presentations for directors covering a variety of topics, including, among other topics, (i) the industries and types of investments in
which the Funds invests, (ii) investment techniques utilized by the Funds, (iii) current developments in securities law and the