Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1027

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 5
Chunk 1027
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ated on September 9, 2013, applicable to every officer, director
and employee of the Company, including, but not limited to the Company’s principal executive officer, principal financial officer,
and principal accounting officer or controller, or persons performing similar functions. Our Code of Business Conduct & Ethics has
been posted on our website and may be viewed at https://netsoltech.com/about-us/csr. Our Company has an Insider Trading Policy
which explains the insider trading rules to all employees and proscribes employee conduct as it relates to trading in shares of stock
of the Company. Our insider trading policy is set forth in full in the Company’s Code of Ethics and Business Conduct.

Audit
Committee

The
Company has an Audit Committee whose members are the independent directors of the Company, specifically, Mr. Kazmi, Mr. Caton, and Mr.
Francis with Mr. Smith replacing Mr. Francis after being elected to the Board in June 2025 and being appointed as a member of the Audit
Committee in July 2025. Mr. Kazmi is the current Chair of the Audit Committee.

Audit
Committee Financial Expert

The
Company has identified its audit chairperson, Mr. Kausar Kazmi as its Audit Committee financial expert. Mr. Kazmi is an independent board
member as the term is defined in the Nasdaq Listing Rules. Mr. Kazmi’s over 40 years of experience in the banking industry including
his current tenure as Head of Commercial Banking and Business Development for UK and Europe for Habib Bank AG Zurich as well as his service
as a board member on various charities as the board member responsible for fundraising, provides him with an understanding of generally
accepted accounting principles and financial reporting. Additionally, this experience provides an ability to assess the general application
of accounting principles in connection with the accounting for estimates, accruals and reserves; experience analyzing financial statements
that were comparable in the breadth and complexity of issues that can be reasonably expected to be raised by the Company’s financial
statements; an understanding of internal control over financial reporting; and an understanding of audit committee functions.

ITEM
11-EXECUTIVE COMPENSATION 

 Introduction

Our
Compensation Committee is responsible for establishing and overseeing compensation programs that comply with NetSol’s
executive compensation philosophy. As described in this Compensation Discussion and Analysis (“CD&A”), the
Compensation Committee follows a disciplined process for setting executive compensation. This process involves analyzing factors
such as company performance, individual performance, strategic