Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 41

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 41
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 fulfilling its oversight function with respect to different areas of our business risks and our risk mitigation practices. The Board
of Directors and the management team are committed to continuous improvement and strengthening of the Company’s risk management
practices.

FISCAL YEAR 2024 MEETING SUMMARY

Board of Directors Meetings

During the fiscal year ended June 30, 2024, the
Board of Directors of the Company met two times. Once in person and once virtually. The Board also acted by written consent three times
at which all Directors were available to vote unanimously. The Company requests that all Board members attend annual meetings of the Board;
however, it is not mandatory. All Board members were present 100% of the time at the general board meeting as well as each Audit, Corporate
Governance and Compensation committee meetings.

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STRATEGY AND BUSINESS PLAN REVIEWS

Annually, the Board holds either an
offsite meeting or a virtual meeting with senior management to review the strategy and long-range plans for each of our businesses and
to discuss other topics, such as key Company areas of focus, succession, and risks. This year the Company held its business strategy meeting
with the Board virtually.

Board Committees

The Board of Directors of the Company has an Audit Committee, a Compensation Committee, and a Nominating and Corporate Governance Committee. The charters for the Audit, Compensation and Nominating and Corporate Governance Committees are posted on the Company’s web site at www.netsoltech.comand may be viewed here. All committee members are appointed by the Board of Directors and only Independent Board members serve on these committees.

The Audit Committee met five times, the Compensation
Committee met once, and the Nominating and Corporate Governance Committee met one time during fiscal year 2024.

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Committee Members

During the fiscal year 2024, the Audit Committee, the Compensation Committee and the Nominating and Corporate Government Committee were structured as follows: The Audit Committee consisted of Mr. Kazmi, as Chair, with Mr. Caton and Mr. Francis as members. The Compensation Committee consisted of Mr. Caton, as Chair, with Mr. Kazmi and Mr. Francis as its members. The Nominating and Corporate Governance Committee consisted of Mr. Francis, as Chair, with Mr. Caton and Mr. Kazmi as its members.

The table below provides the membership for each of the committees during Fiscal Year 2024.

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