Company: PDCC
Filing Date: 2025-07-18
Form Type: N-2
Source: 0001214659-25-010613
Chunk: 131

Company: Pearl Diver Credit Co Inc.
Filing Date: 2025-07-18
Form: N-2
Chunk 131
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 is also responsible
for establishing guidelines and making recommendations to our board of directors regarding the valuation of our investments, which are
considered when the board of directors determines in accordance with the 1940 Act the value of our investments as described under “Determination of Net Asset Value.” Martin Mellish serves as Chairperson of the audit committee. The audit committee also functions as
our qualified legal compliance committee and is responsible for the confidential receipt, retention, and consideration of any report of
evidence of (1) a material violation of applicable federal or state securities law, (2) a material breach of fiduciary duty arising under
federal or state law, or (3) a similar material violation of any federal or state law by us or any of our officers, directors, employees,
or agents that has occurred, is ongoing, or is about to occur. The audit committee met one time during the calendar year ended December
31, 2024.

Governance and Nominating Committee

All of the members of the governance and nominating
committee are independent directors. The governance and nominating committee periodically reviews the committee structure, conducts an
annual self-assessment of the board of directors, and makes the final selection and nomination of candidates to serve as independent directors.
In addition, the governance and nominating committee makes recommendations regarding the compensation of the Company’s independent
directors for approval by the Board as there is no separate compensation committee of the Company. The board of directors nominates and
selects our interested directors and the officers. Tarun Jotwani serves as Chairperson of the governance and nominating committee. The
governance and nominating committee met one time during the calendar year ended December 31, 2024.

In reviewing a potential nominee and in evaluating
the re-nomination of current independent directors, the governance and nominating committee will generally apply the following criteria:
(1) the nominee’s reputation for integrity, honesty, and adherence to high ethical standards; (2) the nominee’s business acumen,
experience and ability to exercise sound judgment; (3) a commitment to understand the Company and the responsibilities of a director of
an investment company; (4) a commitment to regularly attend and participate in meetings of the board of directors and its committees;
(5) the ability to understand potential conflicts of interest involving management of the Company and to act in the interests of all stockholders;
and (6) the absence of a real or apparent conflict of interest that would impair the