Company: IWSH
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001214659-25-004885
Chunk: 26

Company: Wright Investors Service Holdings, Inc.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 26
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 Company has interests in land and certain flowage rights in undeveloped
property (the “properties”) primarily located in Killingly, Connecticut. The properties were fully impaired as of December
31, 2018.

In September 2014, the Connecticut Department
of Energy and Environmental Protection (“DEEP”) issued two Consent Orders requiring the investigation and repair of two
dams, Acme Pond Dam and Killingly Pond Dam, in which the Company and its subsidiaries have certain ownership interests. Both matters have
been fully resolved. In February 2020 and May 2020, DEEP issued to the Company Certificates of Compliance for the Consent Orders relating
to Acme Pond Dam and Killingly Pond Dam, respectively. 

     22 

Item 9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure.

None.

Item 9A. Controls and Procedures.

(a) Evaluation of Disclosure Controls and Procedures

We carried out an evaluation, under the supervision
and with the participation of our management including our Chief Executive Officer and our Acting Chief Financial Officer, of the effectiveness
of the design and operation of our disclosure controls and procedures pursuant to Rule 13a-15(e) of the Securities Exchange Act of 1934,
as amended.  Based on that evaluation, our Chief Executive Officer and Acting Chief Financial Officer concluded that our disclosure
controls and procedures as of December 31, 2024 were effective. 

(b) Management’s Annual Report on Internal
Control over Financial Reporting

Our management is responsible for establishing
and maintaining adequate internal control over financial reporting as defined in Exchange Act Rule 13a-15(f).  Our internal control
processes and procedures are designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation
of our consolidated financial statements in accordance with United States generally accepted accounting principles.  Our internal
control over financial reporting includes those policies and procedures that reasonably allow us to record, process, summarize, and report
information and financial data within prescribed time periods and in accordance with Rule 13a-15(e) of the Securities Exchange Act of
1934, as amended.

Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.

Under the supervision and