Company: VEEAW
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032215
Chunk: 459

Company: VEEA INC.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 459
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 affirmative vote of the holders of at least
two-thirds of our outstanding voting stock entitled to vote in the election of directors.

69

Board
Leadership Structure

The Board does not have a policy about whether the roles of Chairman
of the Board and Chief Executive Officer should be separate or combined. Rather, the Board has flexibility to annually choose the leadership
structure that it believes will provide the most effective leadership and oversight for the company and its growth strategy. The Nominating
and Governance Committee routinely reviews our governance practices and Board leadership structure, and the Board selects the structure
that it believes provides the most effective leadership and oversight for the company.

Role
of the Board in Risk Oversight

Of
the key functions of the Board is informed oversight of the Company’s risk management process. The Board does not have a standing
risk management committee but rather administers this oversight function directly through the Board as a whole, as well as through various
standing committees of the Board that address risks inherent in their respective areas of oversight. For example, the Company’s
audit committee is responsible for overseeing the management of risks associated with the Company’s financial reporting, operational,
privacy and cybersecurity, competition, legal, regulatory, compliance and reputational matters; and the Company’s compensation
committee oversees the management of risks associated with our compensation policies and programs.

Committees
of the Board of Directors

The
standing committees of Company’s Board consists of an Audit Committee, a Compensation Committee, and a Nominating and Corporate
Governance Committee. The composition of each committee following the Business Combination is set forth below.

Audit
Committee

The
Company’s Audit Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act and consists of Douglas
Maine, Gary Cohen and Alan Black, each of whom is an independent director and is “financially literate” as defined under
the Nasdaq listing standards. Douglas Maine serves as chair of the Audit Committee. The Company’s Board has determined that Mr.
Maine qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

Compensation
Committee

The
Company’s Compensation Committee consists of Gary Cohen and Douglas Maine, each of whom is an independent director under Nasdaq’s
listing standards, and Gary Cohen serves as chair of the Compensation Committee.

Nominating
and Corporate Governance Committee

The
Company’s Nominating and Corporate Governance Committee consists of Kanishka Roy and Alan Black, each of whom