Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 18

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 18
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 are described below. Copies of the charters of these committees are available on the Company website www.niholdingsinc.com. Our Board may establish other ad hoc committees to facilitate the management of our business. In 2024, our Board established a CEO Search Committee to coordinate the search for a new Chief Executive Officer following the departure of Michael J. Alexander. The CEO Search Committee was disbanded after Mr. Daggett was appointed as Chief Executive Officer. In addition, the Board also formed an ad hoc Strategic Planning Committee to assist the Board and management in planning and facilitating the development of the Company’s long -termstrategic plan. 12 Standing Committees Audit Committee The Audit Committee is responsible for overseeing management’s conduct over internal control and financial reporting, the engagement of independent accountants, and the Company’s internal audit and risk management functions. In addition, the Audit Committee: a)is responsible for the selection, retention, oversight, and termination of our independent registered public accounting firm; b)approves the non -auditservices provided by our independent registered public accounting firm; c)reviews the results and scope of the audit and other services provided by our independent registered public accounting firm; d)approves the cost of the annual audits; e)establishes procedures to facilitate the receipt, retention, and treatment of complaints received from third parties regarding accounting, internal accounting controls, or auditing matters; f)establishes procedures to facilitate the receipt, retention, and treatment of confidential, anonymous submissions of concerns regarding questionable accounting or auditing matters by Company employees; g)reviews and approves all related party transactions raising potential conflicts of interest; h)reviews with management and our independent registered public accounting firm the quarterly and annual consolidated financial statements which are filed with the SEC and which are subject to oversight by the PCAOB, and the results of the corresponding reviews and audit; i)reviews with management and our independent auditor the annual audits of our statutory -basisfinancial statements and benefit plans, which are subject to standards of the American Institute of Certified Public Accountants; j)reviews with management and our independent registered public accounting firm the adequacy of our system of internal control over financial reporting, including its effectiveness at achieving compliance with any applicable laws or regulations; k)reviews with management and our independent registered public accounting firm the significant recommendations made by our independent registered public accounting firm with respect to changes in accounting procedures and internal control over financial reporting; l)evaluates the need for an internal audit function within the Company; m)reviews with management and our independent registered public accounting