Company: SWAGW
Filing Date: 2025-07-11
Form Type: DEF 14A
Source: 0001213900-25-062961
Chunk: 25

Company: Stran & Company, Inc.
Filing Date: 2025-07-11
Form: DEF 14A
Chunk 25
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the meaning of Nasdaq Listing Rule 5605(a)(2). For a discussion of certain considerations relating to certain transactions in which Alan
Chippindale or Sarah L. Cummins has had an interest, see “—Transactions with Related Persons – Transactions with Non-Employee Director Affiliates”. For discussion of compensation and indemnification arrangements with our independent directors
for services performed as members of the Board, see “Executive Compensation – Director Compensation”.

Governance Structure

We chose to appoint a separate
chairman of the Board, which we generally refer to as our Executive Chairman, who is not our Chief Executive Officer. The Company determined
that a separate chairman of the Board can act as a balance to the Chief Executive Officer, who also serves as a non-independent director.
However, the Bylaws provide the Board with the flexibility to combine or separate the positions of chairman of the Board and Chief Executive
Officer. Andrew Stranberg currently serves as our Executive Chairman and Andrew Shape currently serves as our Chief Executive Officer.
We do not currently intend to combine these positions; however, a change in this leadership structure could be made if the Board determines
it is in the best long-term interests of stockholders. For example, if the two roles were to be combined, we believe that the independence
of the majority of our directors, and the three fully independent Board committees, would provide effective oversight of our management
and the Company.

The Board’s Role in Risk Oversight

The
Board and its committees oversee risk management so that the assets of the Company are properly safeguarded, that the appropriate financial
and other controls are maintained, and that our business is conducted wisely and in compliance with applicable laws and regulations and
proper governance. Included in these responsibilities is the Board’s oversight of the various risks facing the Company. In this
regard, the Board seeks to understand and oversee critical business risks. The Board does not view risk in isolation. Risks are considered
in virtually every business decision and as part of our business strategy. The Board recognizes that it is neither possible nor prudent
to eliminate all risk. Indeed, purposeful and appropriate risk-taking is essential for the Company to be competitive on a global basis
and to achieve its objectives.

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While
the Board oversees risk management, Company management is charged with managing risk. Management communicates routinely with the Board
and individual directors on the significant risks identified and how they are being managed. Directors are free to, and indeed often do,