Company: NOEMW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004368
Chunk: 41

Company: CO2 Energy Transition Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 41
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reviewing and discussing with the independent auditors all
relationships the auditors have with us in order to evaluate their continued independence;

●setting clear hiring policies for employees or former employees
of the independent auditors;

●setting clear policies for audit partner rotation in compliance
with applicable laws and regulations;

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●obtaining and reviewing a report, at least annually, from
the independent auditors describing the independent auditor’s internal quality-control procedures and (2) any material
issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or by any inquiry or investigation
by governmental or professional authorities, within the preceding five years respecting one or more independent audits carried out
by the firm and any steps taken to deal with such issues;

●meeting to review and discuss our annual audited financial
statements and quarterly financial statements with management and the independent auditor, including reviewing our specific disclosures
under “Management’s Discussion and Analysis of Financial Condition and Results of Operations”;

●reviewing and approving any related party transaction required
to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us entering into such transaction;
and

●reviewing with management, the independent auditors, and
our legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators or government
agencies and any employee complaints or published reports that raise material issues regarding our financial statements or accounting
policies and any significant changes in accounting standards or rules promulgated by the Financial Accounting Standards Board, the SEC
or other regulatory authorities.

Compensation Committee

We have established a compensation
committee of the board of directors. The members of our compensation committee are Messrs. Fox and Wang and Ms. Burke. Ms. Burke
serves as chair of the compensation committee. We have adopted a compensation committee charter, which details the purpose and responsibility
of the compensation committee, including:

●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 based on
such evaluation;

●reviewing and making recommendations to our board of directors
with respect to the compensation, and any incentive-compensation and equity-based plans that are subject to board approval
of all of our other officers;