Alibaba Group Holding Ltd. (HK:9988) has released an update.
Alibaba Group’s Compensation Committee, responsible for assisting the board with executive compensation matters, is composed of three or more independent board members as defined by NYSE and SEHK rules. The Committee has the authority to delegate tasks to subcommittees or corporate officers, excluding senior management, for the purpose of granting employee incentives. Regular meetings are held to review management compensation, with certain provisions ensuring no conflict of interest during these discussions.
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