Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 1022

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1022
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) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law;

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    reviewing and approving all related-party transactions;

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    inquiring and discussing with management our compliance with applicable laws and regulations;

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    pre-approving all audit services and permitted non-audit services to be performed by our independent auditor, including the fees and terms of the services to be performed;

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    appointing or replacing the independent auditor;

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    determining the compensation and oversight of the work of the independent auditor (including resolution of disagreements between management and the independent auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work;

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    establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our financial statements or accounting policies; and

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    approving reimbursement of expenses incurred by our management team in identifying potential target businesses.

The audit committee is composed exclusively of
“independent directors” who are “financially literate” as defined under the Nasdaq listing standards. The Nasdaq
listing standards define “financially literate” as being able to read and understand fundamental financial statements, including
a company’s balance sheet, income statement and cash flow statement.

50

Compensation Committee

We have established a compensation committee of
the board of directors to consist of Dave Rosa, and Ronald McClurg each of whom is an independent director. Dave Rosa is the Chairman
of the Compensation Committee. Each member of our compensation committee is also a non-employee director, as defined under Rule 16b-3
promulgated under the Exchange Act, and an outside director, as defined pursuant to Section 162(m) of the Code. Dave Rosa is the chairman
of the compensation committee. The compensation committee’s duties, which are specified in our Compensation Committee Charter, include,
but are not limited to:

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    reviews, approves and determines, or makes recommendations to our board of directors regarding, the compensation of our executive officers;

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    administers our equity compensation plans;

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    reviews and approves, or makes recommendations to our board of directors, regarding incentive compensation and equity compensation plans; and

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    establishes and reviews general policies relating to compensation and benefits of our employees.

Nominating and Corporate Governance Committee

We have established a nominating and corporate
governance committee consisting of