Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1394

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1B
Chunk 1394
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 over 2 years as a partner with HJ and with
its successor, Haynie & Company. In April of 2016 she established Mac Accounting Group & CPAs, LLP, specializing in PCAOB audits
for SEC reporting companies and AICPA audits for private companies in a variety of industries.

Our
directors are elected for a term of one year and until their successors are qualified, nominated, and elected. 

Role
of the Board

It
is the paramount duty of the board to oversee our management in the competent and ethical operation of the company on a day-to-day basis
and to assure that the long-term interests of the shareholders are being served. To satisfy this duty, the directors take a proactive,
focused approach to their position, and set standards to ensure that we are committed to business success through maintenance of ambitious
standards of responsibility and ethics.

The
board of directors met formally seven times and acted by written consent six times during the year ended December 31, 2024.

Special
Governance Rights Associated with the Investment of DBR Capital, LLC

In
connection with its investment, DBR Capital, LLC has been accorded certain special governance rights, including the right to appoint
four of our seven director’s positions (of which, four remain vacant) so long as it holds a convertible note or any of our
other securities. The investment agreements also require that certain capital, financial and other material actions of our board of
directors be approved by at least one DBR Capital appointed director, who shall be David B. Rothrock if he is then serving as a
director. DBR Capital appointed David B. Rothrock and James R. Bell to two of its four nominee positions, with the other two nominee
positions remaining vacant. If we default under the investment agreements, DBR Capital, LLC, will have the right to remove any
directors it did not appoint and appoint its designees to fill all seven positions on the board of directors.

Committees

Our
business, property, and affairs are managed by or under the direction of the board of directors. Members of the board are kept informed
of our business through discussion with the chief executive and financial officers and other officers, by reviewing materials provided
to them, and by participating at meetings of the board and its committees.

Audit
Committee

We
currently do not have a designated audit committee. The OTCQB does not require us to have a designated audit committee, and our board
of directors