Company: IMNN
Filing Date: 2025-05-30
Form Type: PRE 14A
Source: 0001641172-25-013068
Chunk: 20

Company: Imunon, Inc.
Filing Date: 2025-05-30
Form: PRE 14A
Chunk 20
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 indeed often do, communicate directly with senior management.

Good Governance Practices

Our Board of Directors has a commitment to strong and sustainable corporate governance. As such, we continuously review our practices to ensure effective collaboration between management and our Board. Highlights of our Board of Directors’ best practices are:

| ● | Four                                                                                                                                 
 of the six Board directors are independent;                                                                                          |
| ● | Our                                                                                                                                  
 Board of Directors has adopted and published committee charters (available on our website at www.imunon.com);                        |
| ● | Our                                                                                                                                  
 Board of Directors conducts an annual review of Board independence;                                                                  |
| ● | New                                                                                                                                  
 directors participate in an orientation program and receive a current state briefing before their first Board meeting;               |
| ● | We                                                                                                                                   
 have stock ownership and stock retention guidelines for our directors;                                                               |
| ● | We                                                                                                                                   
 have policies and practices to specifically align executive compensation with long-term stockholder interests;                       |
| ● | We                                                                                                                                   
 have a policy prohibiting hedging and pledging, short sales, purchases or sales of puts or calls, and other derivative transactions  
 of our stock (including any transaction that provides the economic equivalent of ownership) by our executive officers and directors; |
| ● | An                                                                                                                                   
 executive compensation clawback policy was adopted by our Board of Directors in October 2023;                                        |
| ● | Our                                                                                                                                  
 Board of Directors reviews management talent and succession annually with our chief executive officer; and                           |
| ● | There                                                                                                                                
 is no automatic enhancement of executive incentive compensation upon a change-in-control.                                            |

| 16 |

Insider Trading Policy

Our board of directors has adoptedan insider trading policy which governs the purchase, sales, and/or other dispositions of our securities by directors, officers, and employees. Our insider trading policy prohibits our officers, directors, and employees from, among other things, engaging in short sales, transactions in derivative securities (including put and call options) or other forms of hedging transactions (i.e., zero-cost collars, equity swaps, exchange funds and forward sale contracts) that are designed to hedge or offset any decrease in the market value of equity securities (1) granted to the executive officer or director by the Company as part of the compensation of such individual, or (2) held, directly or indirectly, by the executive officer or director.

Code of Ethics

The Company has adopted a Code of Ethics and Business Conduct (the “Code of Ethics”) applicable to its directors, officers, including the