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Corporate Governance
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MRU Holdings, Inc. strives to maintain the confidence of its stockholders by adhering to the highest business standards. We have reviewed our corporate governance policies and procedures and compared them against those identified as best practices in corporate governance. We have also been mindful of the provisions of the Sarbanes-Oxley Act of 2002, rules of the SEC, requirements of NASDAQ and other regulatory groups or institutions. We have implemented a number of new practices and procedures in response to these developments, including the following:
- strengthening our Board of Directors by adding independent directors with appropriate experience;
- adopting a revised written charter for our audit committee;
- maintaining a nominating/corporate governance committee responsible for recommending director nominees and developing and overseeing corporate governance standards for our company
- maintaining a compensation committee responsible for making compensation decisions regarding our Management and administering our incentive plans
- ensuring that each of our audit, nominating/corporate governance and compensation committees are composed exclusively of outside directors
We will continue to review and, when appropriate, take additional steps in the future to strengthen our corporate governance practices to ensure that we are focused on the long-term benefit of our shareholders.
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