Company: OSRH
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001213900-25-007923
Chunk: 516

Company: OSR Holdings, Inc.
Filing Date: 2025-01-29
Form: S-4/A
Chunk 516
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, including family relationships, we have determined that each of Drs. Mah and Barberis, and Mr. Lee, Mr. Park, Mr. Kim, Mr. Jee, and Mr. Cho representing a majority of New OSR Holdings’ proposed directors, will be “independent” as that term is defined under the applicable rules and regulations of the SEC and the listing requirements and rules of Nasdaq. Mr. Lee will serve as the lead independent director of New OSR Holdings. In making these determinations, the Board considered the current and prior relationships that each non -employeedirector has with OSR Holdings and all other facts and circumstances the Board deemed relevant in determining their independence, including the beneficial ownership of OSR Holdings capital stock by each non -employeedirector, and the transactions involving them described in the section titled “ Certain OSR Holdings Relationships and Related Person Transactions”and “Beneficial Ownership of Securities.” Role of Board in Risk Oversight Process The New OSR Holdings Board will have extensive involvement in the oversight of risk management related to New OSR Holdings and its business as a whole, including its strategy, business performance, capital structure, management selection, compensation programs, stockholder engagement, corporate reputation, environmental, social, and governance matters, and ethical business practices. The New OSR Holdings Board will discharge various aspects of its oversight responsibilities through its standing committees, which will in turn report to the New OSR Holdings Board regularly regarding their activities. The audit committee will represent the New OSR Holdings Board by periodically reviewing New OSR Holdings’ accounting, reporting and financial practices, including the integrity of its financial statements and the surveillance of administrative and financial controls, as well as enterprise risk management, cyber risk and review of related party transactions. Through its regular meetings with management, including the finance, legal, internal audit and information technology functions, the audit committee will review and discuss all significant areas of New OSR Holdings’ business and summarize for the New OSR Holdings Board all areas of risk and the appropriate mitigating factors. 324 The compensation committee will review the company’s incentive compensation arrangements to determine whether they encourage excessive risk -takingand discuss with management the relationship between risk management policies and practices and compensation. In addition, the New OSR Holdings Board will receive periodic detailed operating performance reviews from management. The corporate governance and nomination committee will identify, review and make recommendations of candidates to serve on the New OSR Holdings Board ad evaluate the performance of the New OSR Holdings Board and its committees. Committees of the New OSR Holdings