Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 588

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 5
Chunk 588
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Our
Board seeks members from diverse professional backgrounds who combine a solid professional reputation and knowledge of our business and
industry with a reputation for integrity. Our Board does not have a formal policy concerning diversity and inclusion but is in the process
of establishing a policy on diversity. Diversity of experience, expertise, and viewpoints is one of many factors the Nominating and Corporate
Governance Committee considers when recommending director nominees to our Board. Further, our Board is committed to actively seeking
highly qualified women and individuals from minority groups and the LGBTQ+ community to include in the pool from which new candidates
are selected. Our Board also seeks members that have experience in positions with a high degree of responsibility or are, or have been,
leaders in the companies or institutions with which they are, or were, affiliated, but may seek other members with different backgrounds,
based upon the contributions they can make to our Company. While the Board has continued its efforts to identify candidates that have
such experience, they have currently been unable to identify any such candidates which fulfill the diversity requirement with the requisite
professional experience.

Role
of Board of Directors in Risk Oversight Process

The
board of directors has extensive involvement in the oversight of risk management related to us and our business and accomplishes this
oversight through the regular reporting by the Audit Committee. The information set forth in Item 1C is incorporated herein by reference.

Director
Independence

Messrs.
Elsey, Enright and Hanson, three members of our Board of Directors, are independent using the definition of independence under Nasdaq
Listing Rule 5605(a)(2) and the standards established by the SEC.

Committees
of our Board

Audit
Committee

Our
audit committee consists of Don Elsey, William Enright and Jason Hanson, with Mr. Elsey serving as chair. Our board of directors has
affirmatively determined that each meets the definition of “independent director” under the rules of The Nasdaq Capital Market,
and that they meet the independence standards under Rule 10A-3. Each member of our audit committee meets the financial literacy requirements
of Nasdaq rules, and qualify as a financial expert within the meaning of SEC regulations and meets the financial sophistication requirements
of the pertinent listing standards of Nasdaq, as in effect from time to time. In making this determination, our board of directors has
considered the members’ formal education and previous and current experience in financial roles. Our board of directors has adopted
a written