Company: HCTI
Filing Date: 2025-02-25
Form Type: PRE 14A
Source: 0001213900-25-017146
Chunk: 16

Company: Healthcare Triangle, Inc.
Filing Date: 2025-02-25
Form: PRE 14A
Chunk 16
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 management
of risks inherent in the operation of our business and the implementation of our business strategies. Our Board of Directors performs
this oversight role by using several different levels of review. In connection with its reviews of the operations and corporate functions
of our Company, our Board of Directors addresses the primary risks associated with those operations and corporate functions. In addition,
our Board of Directors reviews the risks associated with our Company’s business strategies periodically throughout the year as
part of its consideration of undertaking any such business strategies.

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Each of our board committees also oversees the
management of our Company’s risk that falls within the committee’s areas of responsibility. In performing this function,
each committee has full access to management, as well as the ability to engage advisors. Our chief financial officer provides reports
to the audit committee and is responsible for identifying, evaluating and implementing risk management controls and methodologies to
address any identified risks. In connection with its risk management role, our audit committee meets privately with representatives from
our independent registered public accounting firm and our chief financial officer. The audit committee oversees the operation of our
risk management program, including the identification of the primary risks associated with our business and periodic updates to such
risks, and reports to our Board of Directors regarding these activities.

Risk is inherent with every business, and how
well a business manages risk can ultimately determine its success. We face a number of risks, including risks relating to our financial
condition, development and commercialization activities, operations, strategic direction and intellectual property as more fully discussed
under “Risk Factors” in our Annual Report on Form 10-K. Management is responsible for the day-to-day management of risks
we face, while our Board of Directors, as a whole and through its committees, has responsibility for the oversight of risk management.
In its risk oversight role, our Board of Directors has the responsibility to satisfy itself that the risk management processes designed
and implemented by management are adequate and functioning as designed.

Risks Related to Compensation Policies and Practices

In establishing and reviewing our compensation
philosophy and programs, we consider whether such programs encourage unnecessary or excessive risk taking. We believe that our executive
compensation program does not encourage excessive or unnecessary risk taking. This is primarily due to the fact that our compensation
programs are designed to encourage our executive officers and other employees to remain focused on both short- term and long-term strategic
goals. As a result, we do not believe that our compensation programs are reasonably likely to have a