Company: CLPR
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001437749-25-013840
Chunk: 18

Company: Clipper Realty Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 18
---
 as amended. Our Chief Executive Officer and senior members of our management team are responsible for providing recommendations to the Compensation Committee regarding all aspects of our executive compensation program. To evaluate each executive officer’s overall compensation, the Compensation Committee reviews compensation details prepared by management. During 2024, the Compensation Committee met one time and took action by unanimous consent on two occasions.

<div align='center'>17</div>

Nominating and Corporate Governance Committee

Our Nominating and Corporate Governance Committee consists of three of our independent directors. Mr. Ivanhoe is Chairman of the Nominating and Corporate Governance Committee and Messrs. Lorber and Spolan are members. We have adopted a Nominating and Corporate Governance Committee charter which details the principal functions of the Nominating and Corporate Governance Committee, including:

| ● | identifying and recommending to the full Board, qualified candidates for election as directors to fill vacancies on the Board or at any annual meeting of stockholders; |

| ● | developing and recommending to the Board, standards to be applied in making determinations as to the absence of material relationships between the Company and any director; |

| ● | establishing procedures for the Nominating and Corporate Governance Committee to exercise oversight of the evaluation of the Board and management; |

| ● | developing and recommending to the Board, corporate governance guidelines, and the implementation and monitoring of such guidelines; and |

| ● | assisting management in the preparation of disclosure in the Company’s annual proxy statement regarding director independence and the operations of the Nominating and Corporate Governance Committee. |

During 2024, the Nominating and Corporate Governance Committee met one time and took action by unanimous consent on two occasions.

Investment Committee

Our Investment Committee consists of four of our directors. Mr. Levinson is Chairman of the Investment Committee and Messrs. Bistricer, Ivanhoe and Verrone are members. We have adopted an Investment Committee charter which details the principal functions of the Investment Committee, including:

| ● | in consultation with management, reviewing and making recommendations to the Board about potential investments in properties by the Company; |

| ● | reviewing and making recommendations to the Board about any investment opportunity presented to the Company by any of the Company’s directors, officers or entities controlled by such persons, pursuant to the Investment Policy adopted by the Board; |

| ● | reviewing the Company’s Investment Policy and making recommendations to the Board about any changes to the Investment Policy; |

<div align='center'>18</div>

| ● | reporting to the Board about potential