Company: FECOF
Filing Date: 2025-07-15
Form Type: 20-F
Source: 0001477932-25-005053
Chunk: 45

Company: FEC Resources Inc.
Filing Date: 2025-07-15
Form: 20-F
Item: Item 6
Chunk 45
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 and the establishment and oversight of our systems of internal accounting and auditing control. Members of the Audit Committee in 2024 were Daniel Carlos, Claro Ramirez, and Paul Wallace. New members of our Audit Committee for 2025 will be appointed following our Annual and General Meeting of Shareholders.

Compensation Committee. The Compensation Committee reviews and makes recommendations to our Board concerning the terms of the compensation packages provided to our senior executive officers, including salary, bonus and awards under our stock option plan and any other compensation plans that we may adopt in the future. Members of the Compensation Committee in 2024 were Paul Wallace and Daniel Carlos. Members of our Compensation Committee for 2025 will be appointed following our Annual and General Meeting of Shareholders.

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Corporate Governance Committee. The Corporate Governance Committee meets with and discusses current disclosure issuances with our management personnel, directors, and with both our Canadian and United States counsel, to report to our Board any matters which should be the subject of either public disclosure or remedial action and to assist our Board in establishing reporting and disclosure procedures to ensure that we are in compliance with our disclosure and compliance obligations under applicable laws, rules and obligations. Members of our Corporate Governance Committee in 2024 were Claro Ramirez and Paul Wallace. Members of our Corporate Governance Committee for 2025 will be appointed following our Annual and General Meeting of Shareholders,

D. Employees

As of December 31, 2024, we had no employees.

E. Share Ownership

The following table lists as of June 30, 2025, the share ownership of our directors and executive officers.

The following table sets forth certain information as of June 30, 2025 regarding the ownership of our common stock by (i) each of our directors, (ii) each of our named executive officers, and (iii) all of our directors and executive officers as a group. Except as otherwise indicated, the address of each person identified below is c/o FEC Resources Inc, Suite 2300, Bentall 5, 550 Burrard Street, Vancouver, BC, V6C2B5. We believe that ownership of the shares by the persons identified below is both of record and beneficial and that such persons have sole voting and investment power with respect to the shares indicated. Percentage of class in the following table is calculated individually based on the following formula: (shares directly or indirectly controlled + shares issuable on the exercise or conversion of various securities) / (total shares outstanding + shares