Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 42

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 42
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     | Nominating 
 and        |
|             |     |           |     |              |     | Corporate  |
|             |     | Audit     |     | Compensation |     | Governance |
| Director    |     | Committee |     | Committee    |     | Committee  |
| Najeeb      
 Ghauri      |     |           |     |              |     |            |
| Malea       
 Farsai      |     |           |     |              |     |            |
| Mark        
 Caton (I)   |     | X         |     | X            
 (C)          |     | X          |
| Kausar      
 Kazmi (I)   |     | X         
 (C)       |     | X            |     | X          |
| Michael     
 Francis (I) |     | X         |     | X            |     | X          
 (C)        |

| (I) | Denotes                           
 an Independent Director.          |
| (C) | Denotes                           
 the Chairperson of the Committee. |

Audit Committee

For the fiscal year ending June 30, 2024, the Company has an Audit Committee whose members are the independent directors of the Company. Mr. Kazmi as Chair, and Mr. Caton and Mr.Francis as members. In his fourth year as the Audit Committee Chair, Mr. Kazmi offers a breadth of experience in finance and banking industry as head of commercial banking and business development with Habib Bank Zurich PLC, UK. He is well versed in finances and provides valuable insight to the audit committee.

The Audit Committee met five times remotely during fiscal 2024. The Audit Committee was established by the Board for the purpose of overseeing the Company’s accounting and financial reporting processes and the audits of the Company’s financial statements and reviewing the financial reports and other financial information provided by the Company to any governmental body or the public and the Company’s systems of internal controls regarding finance, accounting, legal compliance, and ethics. Its primary duties and responsibilities are to: (i) serve as an independent and objective party to monitor the Company’s financial reporting process, audits of the Company’s financial statements, and the Company’s internal control system and (ii) appoint from time to time, evaluate, and, when appropriate, replace the registered public accounting firm engaged for the purpose of preparing or issuing an audit report or performing other audit, review, or attest services for the Company, determine the compensation of such “outside auditors” and