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This excerpt taken from the NTES 20-F filed Jun 27, 2005. Compensation Committee Interlocks and Insider Participation
Our compensation committee has been inactive and held no meetings in 2004. Prior to it becoming inactive, the compensation committee’s functions were to review and make recommendations to our board regarding our compensation policies and all forms of compensation to be provided to our executive officers and directors. In addition, the compensation committee reviewed bonus and stock compensation arrangements for all of our other employees. These duties have been performed by our full board of directors since the compensation committee became inactive (with executive directors abstaining from any decision that would affect them personally). However, our board intends to re-form its compensation committee on or before July 31, 2005 which is comprised only of directors who are “independent” as that term is defined in Rule 4200(a)(15) of the Marketplace Rules of Nasdaq.
No interlocking relationships have existed between our board of directors or compensation committee and the board of directors or compensation committee of any other company.
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Table of ContentsThis excerpt taken from the NTES 6-K filed May 4, 2005. Compensation Committee Interlocks and Insider Participation
Our compensation committee has been inactive and held no meetings in 2004. Prior to it becoming inactive, the compensation committee’s functions were to review and make recommendations to our board regarding our compensation policies and all forms of compensation to be provided to our executive officers and directors. In addition, the compensation committee reviewed bonus and stock compensation arrangements for all of our other employees. These duties have been performed by our full board of directors since the compensation committee became inactive (with executive directors abstaining from any decision that would affect them personally). However, our board intends to re-form its compensation committee on or before July 31, 2005 which is comprised only of directors who are “independent” as that term is defined in Rule 4200(a)(15) of the Marketplace Rules of Nasdaq.
No interlocking relationships have existed between our board of directors or compensation committee and the board of directors or compensation committee of any other company.
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