Company: CLM
Filing Date: 2025-04-08
Form Type: N-2/A
Source: 0001398344-25-006812
Chunk: 99

Company: Cornerstone Strategic Investment Fund, Inc.
Filing Date: 2025-04-08
Form: N-2/A
Chunk 99
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 all of the Directors to participate in the full range of the
Board’s oversight responsibilities. The Board believes that the orderly and efficient flow of information and the ability to bring
each Director’s talents to bear in overseeing the Fund’s operations is important, in light of the size and complexity of
the Fund and the risks that the Fund faces. The Board and its committees review their structure regularly, to help ensure that it remains
appropriate as the business and operations of the Fund and the environment in which the Fund operates changes.

Currently, the Board has an Audit Committee and a
Nominating and Corporate Governance Committee. The responsibilities of each committee and its members are described below. The Board
convened four (4) times during the 2024 calendar year (including regularly scheduled and special meetings). Each of the Directors attended
at least seventy-five (75%) percent of the meetings held during the period for which he or she was a member.

THE AUDIT COMMITTEE

The Fund has a standing Audit Committee (the “Audit
Committee”), which is currently comprised of Messrs. Dean, Greer, Maresca, Morris, Rogers and Strauss and Ms. Malzahn, all of whom
are Directors who are not interested persons of the Fund, as such term is defined in Section 2(a)(19) of the Investment Company Act.
The Audit Committee has a written charter. The principal functions of the Audit Committee include but are not limited to, (i) the oversight
of the accounting and financial reporting processes of the Fund and its internal control over financial reporting; (ii) the oversight
of the quality and integrity of the Fund’s financial statements and the independent audit thereof; and (iii) the approval, prior
to the engagement of, the Fund’s independent registered public accounting firm and, in connection therewith, to review and evaluate
the qualifications, independence and performance of the Fund’s independent registered public accounting firm. The Audit Committee
convened four (4) times during the 2024 calendar year.

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The Board has determined that Mr. Maresca is an Audit
Committee Financial Expert, as such term is defined in Section 407 of the Sarbanes-Oxley Act of 2002.

THE NOMINATING AND CORPORATE GOVERNANCE COMMITTEE

The Fund has a standing Nominating and Corporate
Governance Committee (the “N&CG Committee”), which is currently comprised of Messrs. Dean, Greer, Mares