Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 127

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 9C
Chunk 127
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 strategic planning and review sessions during the year that
include a discussion and analysis of the risks facing us.

Director
Independence

Our
board of directors currently consists of five members. We were not subject to listing requirements of any national securities exchange
that has requirements that a majority of the board of directors be “independent.”

Board
Diversity

The
board of directors’ reviews, on an annual basis, the appropriate characteristics, skills and experience required for the board
of directors as a whole and its individual members. In evaluating the suitability of individual candidates (both new candidates and current
members), the board of directors, in approving (and, in the case of vacancies, appointing) such candidates, will take into account many
factors, including the following:

    ●
    personal
    and professional integrity;

    ●
    ethics
    and values;

    ●
    experience
    in the industries in which we compete;

    ●
    experience
    as a director or executive officer of another publicly held company;

    ●
    diversity
    of expertise and experience in substantive matters pertaining to our business relative to other board members;

    ●
    conflicts
    of interest; and

    ●
    practical
    business judgment.

46

The
board of directors reviews on an annual basis the appropriate characteristics, skills and experience required for the board of directors
as a whole and its individual members. In evaluating the suitability of individual candidates (both new candidates and current members),
the board of directors, in approving (and, in the case of vacancies, appointing) such candidates, will take into account many factors,
including the following:

    ●
    personal
    and professional integrity;

    ●
    ethics
    and values;

    ●
    experience
    in the industries in which we compete;

    ●
    experience
    as a director or executive officer of another publicly held company;

    ●
    diversity
    of expertise and experience in substantive matters pertaining to our business relative to other board members;

    ●
    conflicts
    of interest; and

    ●
    practical
    business judgment.

The
entire Board participates in the nomination and audit oversight processes and considers executive and director compensation. Given the
size of the Company and its stage of development, the entire Board is involved in such decision-making processes. Thus, there is a potential
conflict of interest in that our directors and officers have the authority to determine issues concerning management compensation,