Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1893

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 5
Chunk 1893
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    which raise material issues regarding our financial statements or accounting policies; and

    ●
    reviewing and approving
    all payments made to our existing stockholders, executive officers or directors and their respective affiliates. Any payments made
    to members of our audit committee will be reviewed and approved by our board of directors, with the interested director or directors
    abstaining from such review and approval.

The Audit Committee is composed
exclusively of “independent directors” who are “financially literate” as defined under the Nasdaq listing standards.
The Nasdaq listing standards define “financially literate” as being able to read and understand fundamental financial statements,
including a company’s balance sheet, income statement and cash flow statement.

Compensation Committee.
The Compensation Committee consists of one director: Rolf Wikborg, which is “independent” as defined by Nasdaq. The Compensation
Committee’s duties are specified in a charter and include, but not be limited to:

    ●
    reviewing and approving
    on an annual basis the corporate goals and objectives relevant to our chief executive officer’s compensation, evaluating our
    chief executive officer’s performance in light of such goals and objectives and determining and approving the remuneration
    (if any) of our chief executive officer’s based on such evaluation;

    ●
    reviewing and approving
    the compensation of all of our other Section 16 executive officers;

    ●
    reviewing our executive
    compensation policies and plans;

    ●
    implementing and administering
    our incentive compensation equity-based remuneration plans;

    ●
    assisting management in
    complying with our proxy statement and annual report disclosure requirements;

    ●
    approving all special perquisites,
    special cash payments and other special compensation and benefit arrangements for our executive officers and employees;

    ●
    producing a report on executive
    compensation to be included in our annual proxy statement; and

    ●
    reviewing, evaluating and
    recommending changes, if appropriate, to the remuneration for directors.

The charter provides that
the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other
adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before
engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee
will consider the independence of each such adviser, including the factors required by the SEC