Board committee

To ensure that the Board of Directors discharges its responsibilities effectively and appropriately, the company has established three committees to deal with specific matters. They are Audit Committee, Compensation Committee, and Corporate Governance and Nominating Committee.

Board of Directors Audit Committee Compensation
Committee
Corporate
Governance
& Nominating
Committee
David Xueling Li (Director)  
(Chairman)
 
Qin Liu (Independent Director)    
Jenny Hongwei Lee (Independent Director)    
Peter Andrew Schloss (Independent Director)
(Chairman)
   √
Peng T. Ong (Independent Director)  
(Chairman)
Richard Weidong Ji (Independent Director)    
David Tang (Independent Director)    

Audit Committee

The Audit Committee oversees the accounting and financial reporting processes and the audits of the financial statements of the company. It is responsible for:

  • selecting the independent external auditor and pre-approving all auditing and non-auditing services permitted to be performed by the auditor;
  • reviewing with the auditor any audit problems or difficulties and management’s responses;
  • discussing the annual audited financial statements with management and the auditor;
  • discussing the annual audited financial statements with management and the auditor;
  • reviewing major issues as to the adequacy of internal controls and any special audit steps adopted in light of any material control deficiencies;
  • reviewing and reassessing annually the adequacy of the Audit Committee charter;
  • meeting separately and periodically with management and the auditor; and reporting regularly to the Board.

Compensation Committee

The Compensation Committee assists the Board in reviewing and approving the compensation structure. The directors may not be present at any committee meeting during which their compensation is deliberated on. It is responsible for:

  • reviewing the total compensation package for the executive officers and making recommendations to the Board;
  • approving and overseeing the total compensation package for the executives other than the three most senior executives;
  • reviewing the compensation of the directors and making recommendations to the Board;
  • reviewing and approving any long-term incentive compensation or equity plans, programmes, or similar arrangements, annual bonuses, and employee pension and welfare benefit plans;
  • selecting compensation consultant, legal counsel or other adviser.

Corporate Governance and Nominating Committee

The Nominating Committee assists the Board in selecting individuals qualified to become directors of the company and in determining the composition of the Board and its committees. It is responsible for:

  • recommending nominees to the Board for election or re-election to the Board, or for appointment to fill any vacancy on the Board;
  • reviewing annually with the Board the current composition of the Board;
  • selecting and recommending to the Board the names of directors to serve as members of each Board Committee;
  • monitoring compliance with our code of business conduct and ethics.

 

Stock Information

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NASDAQ : YY.Inc

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IR Contacts

E-mailir@yy.com

Phone+86 20 8212 0000