Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 197

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 6
Chunk 197
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 by Mr. Shin. We have determined that each of these directors satisfies the “independence” requirements of the Nasdaq Listing Rules. The compensation committee assists the board in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors and executive officers. Our chief executive officer may not be present at any committee meeting during which their compensation is deliberated upon. The compensation committee is responsible for, among other things:

●                   reviewing and approving, or recommending to the board for its approval,                 
                 the compensation for our chief executive officer and other executive officers;             
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●   reviewing and recommending to the board for determination with respect                                  
    to the compensation of our non-employee directors;                                                      
●   reviewing periodically and approving any incentive compensation or                                      
    equity plans, programs, or other similar arrangements; and                                              
●   selecting a compensation consultant, legal counsel, or other adviser                                    
    only after taking into consideration all factors relevant to that person’s independence from management.

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Nominating and Corporate Governance Committee
 
Our nominating and corporate governance committee consists of Mr. Shin, Ms. Leng and Mr. Cheung, and is chaired by Mr. Shin. We have determined that each of these directors satisfies the “independence” requirements of the Nasdaq Listing Rules. The nominating and corporate governance committee assists the board in selecting individuals qualified to become our directors and in determining the composition of the board and its committees. The nominating and corporate governance committee is responsible for, among other things:

●                                  recommending nominees to the board for election or re-election to the                               
                                         board or for appointment to fill any vacancy on the board;                                    
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●   reviewing annually with the board the current composition of the board                                                             
    in regard to characteristics such as independence, knowledge, skills, experience, expertise, diversity, and availability of service
    to us;                                                                                                                             
●   selecting and recommending to the board the names of directors to serve                                                            
    as members of the audit committee and the compensation committee, as well as of the nominating and corporate governance committee  
    itself;                                                                                                                            
●   developing and reviewing the corporate governance principles adopted                                                               
    by the board and advising the board with respect to significant developments in the law, practice of corporate governance, and our 
    compliance with such laws and practices; and                                                                                       
●   evaluating the performance and effectiveness of the board as a whole.                                                              
Foreign Private Issuer Exemption
 
We are a “foreign