Company: XAIR
Filing Date: 2025-06-20
Form Type: 10-K
Source: 0001641172-25-015750
Chunk: 391

Company: Beyond Air, Inc.
Filing Date: 2025-06-20
Form: 10-K
Item: Item 8
Chunk 391
---
 our Board of Directors any changes to such principles; and 

    ●
    periodically reviewing and evaluating our nominating committee’s charter. 

Compliance Committee

The primary purpose of our compliance
committee is to assist our Board of Directors with oversight of healthcare compliance risk management arising from the FDA, Office of
Inspector General, the U.S. Department of Justice and other federal, state or foreign corporate compliance requirements related to medical
devices that specifically govern the AKS, FCA, FD&C Act, FCPA, Sunshine Act and similar state laws, HIPAA, the AdvaMed Code, and similar
applicable state and local regulations and (when applicable) equivalent global requirements. Our compliance committee met one time during
the fiscal year ended March 31, 2025.

89

Director Candidates

Our Board of Directors has a critical
role in guiding our strategic direction and overseeing the management of our business, and accordingly, we seek to attract and retain
highly qualified directors who have sufficient time to engage in the activities of our Board of Directors and to understand and enhance
their knowledge of our industry and business plans. In evaluating the suitability of individual candidates, our Board of Directors, in
approving (and, in the case of vacancies, appointing) such candidates, may take into account many factors, including: personal and professional
integrity; ethics and values; experience in corporate management, such as serving as an officer or former officer of a publicly held company;
strong finance experience; experience relevant to our industry; experience as a board member or executive officer of another publicly
held company; relevant academic expertise or other proficiency in an area of our operations; diversity of expertise and experience in
substantive matters pertaining to our business relative to other board members; diversity of background and perspective, including, but
not limited to, with respect to age, gender, race, place of residence and specialized experience; practical and mature business judgment,
including, but not limited to, the ability to make independent analytical inquiries; and any other relevant qualifications, attributes
or skills. The core competencies of directors should address accounting or finance experience, market familiarity, business or management
experience, industry knowledge, customer-base experience or perspective, crisis response, leadership, and/or strategic planning. Our Board
of Directors evaluates each individual in the context of the Board as a whole, with the objective of assembling a group that can best
perpetuate the success of the business and represent stockholder interests through the exercise of sound judgment using