This excerpt taken from the NTES 20-F filed Jun 26, 2007.
Additional Duties & Responsibilities
Unless the Board shall designate another committee to handle such matters, on at least a quarterly basis, the Chief Executive Officer or Chief Financial Officer of
the Company shall report to the Committee any
reports or complaints they have received regarding: (i) actual or potential violations of the Code, (ii) matters related to accounting, internal
controls over financial reporting or audits, (iii) corporate fraud, (iv) violations of law (even if deemed to be immaterial), (v) any compliance issues regarding the Code and (vi) confidential, anonymous submissions by employees
of the Company regarding questionable accounting or auditing matters. The Committee shall evaluate each such matter in consultation with management and determine appropriate actions, if any, to take, in accordance with the Code.
The Committee shall review and discuss accounting pronouncements, initiatives and proposed rule changes relevant to the Company.
The Committee shall review on an annual basis any policies adopted by the Committee, including its policy, if any, regarding the pre-approval of audit and non-audit services.
The Committee shall review on an annual basis the performance of the Committee, and report to the Board the results of such review. The review shall be conducted in such manner as
the Committee deems appropriate.
Review and approve related party transactions in accordance with the Companys Related Party Transactions Procedures, unless a member of the Committee is involved in the
related party transaction in which case the transaction shall be reviewed by the disinterested independent directors as provided in such procedures.
Meet periodically with management to review the adequacy and effectiveness of the Code.
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