Vision - Alibaba

74 Annual Report 2007
We have appointed N M Rothschild & Sons (Hong Kong) Limited as our compliance adviser, who shall provide
our board with professional advice and guidance in respect of compliance with the Listing Rules and applicable
laws. We also provide important updates to all directors when necessary to ensure that they are fully aware of any
changes in the business and regulatory environment in places where Alibaba.com conducts its business.
We maintain appropriate directors’ and offi cers’ liabilities insurance commensurate with our business operations
and assessed exposures.
CHAIRMAN AND CHIEF EXECUTIVE OFFICER
To avoid the concentration of power in any single individual, the positions of chairman and chief executive
offi cer are held by two different individuals who have distinct and separate roles. Our chairman, MA Yun, Jack is
responsible for ensuring that our board properly discharges its responsibilities and conforms to good corporate
governance practices and procedures. As the chairman of our board, he is also responsible for making sure that
all directors are properly briefed on issues arising at our board meetings, and that all directors receive accurate,
timely and reliable information. Our chief executive offi cer, WEI Zhe, David is responsible for providing leadership
for the senior management team and for implementing the policies and development strategies approved by our
board.
NON-EXECUTIVE DIRECTORS
Our non-executive directors are appointed for a specifi c term of not more than three years and are subject to
retirement by rotation as provided in our articles of association.
REMUNERATION OF DIRECTORS
Role and function of remuneration committee
Our remuneration committee, established by our board on October 12, 2007, has the following principal
responsibilities:
(i) making recommendations to our board on policy and structure for all remuneration of directors and senior
management and on the establishment of a formal and transparent procedure for developing a policy on
such remuneration;
(ii) determining the specifi c remuneration packages of our executive directors and senior management;
(iii) reviewing and approving performance-based remuneration by reference to corporate goals and objectives
resolved by the directors from time to time; and
(iv) considering and approving the grant of share options and restricted share units to eligible participants
pursuant to our share option scheme and restricted share unit scheme.
We have adopted written terms of reference, which clearly defi ne the role, authority and function of our
remuneration committee. We have posted the terms of reference on our website.