Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 101

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 101
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 Stockholders are also advised to review the Fund’s By-laws,
which contain additional requirements with respect to advance notice of stockholder proposals and director nominations. The N&CG
Committee convened four (4) times during the 2024 calendar year.

BOARD’S ROLE IN RISK OVERSIGHT OF THE FUND

The Board oversees risk management for the Fund directly
and, as to certain matters, through its Audit and N&CG Committees. The Board exercises its oversight in this regard primarily through
requesting and receiving reports from and otherwise working with the Fund’s senior officers (including the Fund’s Chief Compliance
Officer), portfolio management personnel of the Investment Adviser, the Fund’s independent auditors, legal counsel and personnel
from the Fund’s other service providers. At its regular quarterly meetings, the Board receives a report regarding risks applicable
to the Fund presented by the Investment Adviser and the Chief Compliance Officer. The Board has adopted, on behalf of the Fund, and periodically
reviews with the assistance of the Fund’s Chief Compliance Officer, policies and procedures designed to address certain risks associated
with the Fund’s activities. In addition, the Investment Adviser and the Fund’s other service providers also have adopted
policies, processes and procedures designed to identify, assess and manage certain risks associated with the Fund’s activities,
and the Board receives reports from service providers with respect to the operation of these policies, processes and procedures as required
and/or as the Board deems appropriate. The Board does not believe that a separate Risk Oversight Committee is necessary for effective
risk oversight at this time, but intends to continuously evaluate how it assesses risk and will consider again in the future whether
any changes to their current structure are prudent.

| B-12 |

<div align='center'>CODE OF ETHICS</div>

The Investment Adviser and the Fund have each adopted
a Code of Ethics, pursuant to Section 204A and Rule 204A-1 under the Investment Advisers Act of 1940 and Rule 17j-1 under the 1940 Act,
respectively. Each Code of Ethics applies to the personal investing activities of the Directors, officers and certain employees of the
Fund or the Investment Adviser (“Access Persons”), as applicable. Rule 17j-1 and each Code of Ethics are designed to prevent
unlawful practices in connection with the purchase or sale of securities by Access Persons. Each Code of Ethics permits Access Persons
to trade securities for their own accounts, including securities that may