Board Diversity
Board Diversity Matrix for Twin Vee PowerCats Co.
As of 7/25/2022
Total Number of Directors 6
Part I: Gender Identity Female Male Non-Binary Did Not Disclose Gender
Directors 0 6 0 0
Part II: Demographic Background
African American or Black 0 0 0 0
Alaskan Native or American Indian 0 0 0 0
Asian 0 0 0 0
Hispanic or Latinx 0 0 0 0
Native Hawaiian or Pacific Islander 0 0 0 0
White 0 6 0 0
Two or More Races or Ethnicities 0 0 0 0
Did Not Disclose Demographic Background 0

Our Board of Directors currently does not include a director that is “diverse” pursuant to Nasdaq listing rules. The Company is committed to ensuring that the Board’s composition appropriately reflects the current and anticipated needs of the Board and the Company. We have established transparent nomination procedures that are clearly communicated to our stakeholders. These procedures include a nomination committee responsible for identifying and evaluating potential board members based upon qualifications, skills, experience, and expertise required of directors. Our commitment to a rigorous, inclusive, and transparent board selection process reflects our dedication to effective governance and responsible corporate stewardship. By adhering to these principles, we aim to build a board of directors that can guide our organization in achieving its strategic objectives while remaining accountable to our stakeholders.

Our nominating committee considers directors of all backgrounds when evaluating director nominees, including those who identify as female, LGBTQ+, and underrepresented individuals based on national, racial, ethnic, indigenous, cultural, religious and linguistic identity. However, our focus is on board members with a deep understanding of our business and we believe that each of our current Board members all have the experience in and understanding of our industry which we believe is crucial for each member of our Board.