Company: CIMO
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001206774-25-000244
Chunk: 25

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 25
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, considering the range of audit and non-audit fees, and reviewing the adequacy of our internal accounting controls.

Our Board of Directors has determined
that all directors serving on the audit committee are independent members of the audit committee under the current NYSE independence requirements
and SEC rules. The activities of the audit committee are described in greater detail below under the caption “Report of the Audit
Committee.”

Nominating and Corporate Governance Committee

Our Board of Directors has established
a nominating and corporate governance committee, which is composed of four of our independent directors, Mr. Creagh and Mss. Mills, Still
and Walsh. Ms. Still chairs the nominating and corporate governance committee. The nominating and corporate governance committee’s
principal functions are to:

| ● | recommend for Board approval criteria for the selection of new directors;                                                                                                                                     |
| ● | identify individuals qualified to become Board members, and select, or recommend that the Board select, the director nominees for the next annual meeting of stockholders and to fill vacancies on the Board; |
| ● | evaluate and make recommendations regarding the size and organizational structure of the Board;                                                                                                               |
| ● | recommend to the Board nominees to serve on each committee of the Board;                                                                                                                                      |

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| ● | develop and recommend to the Board a set of corporate governance principles and code of business conduct and ethics applicable to the Company;                                                                                                            |
| ● | review the Board’s committee structure and operations in general and make recommendations to the Board regarding any changes that it believes necessary in order to enable the Board to fulfill its objectives under the corporate governance principles; |
| ● | provide oversight of the Board’s annual evaluation of the Board’s performance and develop recommendations to the Board for continuity; and                                                                                                                |
| ● | develop and recommend to the Board succession plans for the Company’s CEO and other senior executive officers.                                                                                                                                            |

The nominating and corporate
governance committee is also tasked with developing and implementing a diversity and inclusion strategy for the Board of Directors, its
committees and the Company as a whole, and, from time to time, with reviewing and assessing the Company’s diversity, equity and
inclusion programs and efforts, if any, including the determination of goals and evaluation of the progress towards such goals.

Our Board of Directors has determined
that all directors serving on the nominating and corporate governance committee are independent members of the nominating and corporate
governance committee under the current NYSE independence requirements and