Company: INV
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001628280-25-024060
Chunk: 28

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 28
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 or if the Chairman is another non-independent director. The LID, if any, will serve for a term specified by the Board

or until his or her successor is selected by the Board. We currently do not have a LID.

Our Board believes separating the roles of Executive Chairman and CEO is in Innventure’s and our stockholders’

best interests and supports the Board’s risk oversight efforts because it enables the Executive Chairman to support both the

Board and the CEO with balancing long-term strategic development and operations planning and implementation.

Furthermore, our Board believes that having Mr. Otworth serve as our Executive Chairman, given his significant history

with and extensive knowledge of Innventure, enables him to drive strategy and agenda-setting at the Board level.

**Board’s Role in Risk Oversight**

One of the key functions of our Board is the informed oversight of our risk management process. Our Board

administers this oversight function directly through our Board as a whole, as well as through various standing committees

that address risks inherent in their respective areas of oversight. In particular, our Board is responsible for monitoring and

assessing strategic risk exposure, and our audit committee (the “Audit Committee”) has the responsibility to consider and

discuss our major financial risk exposures and the steps our management has taken to monitor and control these exposures,

including guidelines and policies to govern the process by which risk assessment and management is undertaken. The

Audit Committee also has the responsibility to review with management the process by which risk assessment and

management is undertaken, monitor compliance with legal and regulatory requirements, and review the adequacy and

effectiveness of our internal controls over financial reporting. Our N&CG Committee is responsible for periodically

evaluating the Company’s corporate governance policies and systems in light of the governance risks that the Company

faces and the adequacy of the Company’s policies and procedures designed to address such risks. Our compensation

committee (the “Compensation Committee”) assesses and monitors whether any of our compensation plans, policies and

programs comply with applicable legal and regulatory requirements.

14

Board Committees During 2024, our Board had an Audit Committee, a Compensation Committee, and a N&CG Committee to support the full Board with various risk management governance, and strategic responsibilities. The current members of these committees are described below.

| Committee Assignments                   |          |     |       |     |          |     |          |     |            |     |          |     |             |     |          |     |           |
|                                         | Donnally