Company: MVNC
Filing Date: 2025-01-21
Form Type: DEF 14C
Source: 0001683168-25-000446
Chunk: 13

Company: Marvion Inc.
Filing Date: 2025-01-21
Form: DEF 14C
Chunk 13
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 for meaningful
oversight. To this end, the Board of Directors meets with our Chief Executive Officer and the other members of our senior management team
to discuss strategies, key challenges, and risks and opportunities for us. Management team members make themselves available to the Board
of Directors to answer questions regarding the Company’s most significant issues, including risks affecting the Company.

In order to help facilitate its
risk oversight responsibilities, the Board of Directors intends to utilize each of its committees when formed in the future to oversee
specific areas of risk that are appropriately related to the committee’s areas of responsibility once such committees are established.
The Audit Committee will assist the Board of Directors in discharging its oversight responsibilities in the areas of internal control
over financial reporting, disclosure controls and procedures and legal and regulatory compliance. The Audit Committee will discuss with
management, the internal audit group and the independent auditor guidelines and policies with respect to risk assessment and risk management.
The Audit Committee will also discuss with management the Company’s major financial risk exposures and the steps management has
taken to monitor and control such exposure. The Compensation Committee will assist the Board of Directors in discharging its oversight
responsibilities regarding the risks related to the attraction and retention of personnel as well as the risks associated with the design
of compensation programs and arrangements applicable to both executive officers and to all employees. The Nominating and Corporate Governance
Committee will establish, monitor and evaluate the implementation of our corporate governance policies. While the Board committees will
be responsible for initially monitoring certain risks, the entire Board of Directors will be kept informed of the significant risks facing
the Company through management and committee reports about such risks and the steps being taken to mitigate these risks.

Risk Assessment of Compensation Policies and Practices

Our Board of directors and human
resources staff conducted an assessment of potential risks that may arise from our compensation programs. Based on this assessment, we
concluded that our policies and practices do not encourage excessive and unnecessary risk taking that would be reasonably likely to have
material adverse effect on the Company. The assessment included our cash incentive programs, which awards non-executives with cash bonuses
for punctuality. Our compensation programs are substantially identical among business units, corporate functions and global locations
(with modifications to comply with local regulations as appropriate). The risk-mitigating factors considered in this assessment included:

| · | the alignment of pay philosophy, peer group companies and compensation amounts relative to local competitive practices to support our business objectives; and                                    |
| · | effective balance of cash, short-