Company: CMND
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005490
Chunk: 194

Company: Clearmind Medicine Inc.
Filing Date: 2025-01-22
Form: 20-F
Item: Item 6
Chunk 194
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  Review with the external auditors and management the extent to which changes and improvements in financial or accounting practices have been implemented;  

  Review any complaints or concerns about any questionable accounting, internal accounting controls or auditing matters;  

  Review certification process; and  

  Review any related-party transactions.  

Compensation Committee

Compensation committees are not mandatory in Canada.
However, NP 58-201 recommends that a Board appoint a Compensation Committee composed entirely of independent directors with responsibilities
for oversight of the compensation payable to senior executives. The members of the Compensation Committee are not required to be independent
or to have any particular expertise.

Our Compensation Committee is comprised of Yehonatan
Shachar, Amitay Weiss and Oz Adler, and is chaired by Amitay Weiss. The Compensation Committee is appointed by the board to assist in
promoting a culture of integrity throughout the Company and to:

  attract and retain skilled                       

  review and approve the structure and guidelines for                                                     

  monitor and review the                                 

  motivate executives and                                                            

  encourage executives and                                                                 

The Board relies on the knowledge and experience
of the members of the Compensation Committee to set appropriate levels of compensation for senior officers. Neither the Company nor the
Compensation Committee currently has, or has had at any time since incorporation, any contractual arrangement with any executive compensation
consultant who has a role in determining or recommending the amount or form of senior officer compensation.

When determining compensation payable, the Compensation
Committee may consider both external and internal data. External data includes general markets conditions and well as information regarding
compensation paid to directors, CEOs and CFOs of companies of similar size and at a similar stage of development in the industry. Internal
data includes annual reviews of the performance of the directors, CEO and CFO in light of the Company’s corporate objectives and
considers other factors that may have impacted the Company’s success in achieving its objectives.

Nominating and Corporate Governance Committee

Nominating and Corporate Governance Committees
are not mandatory in Canada. However, NP 58-201 recommends that a board appoint a corporate governance committee composed entirely of
independent directors with responsibility for overseeing the process for nominating directors for election by shareholders. The members
of the corporate governance committee are not required to be independent or to have any particular expertise.

The Nominating and Corporate Governance Committee
is appointed by the Board to assist in fulfilling its corporate governance responsibilities under applicable laws. The Nominating and
Corporate Governance Committee is responsible for, among