Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 111

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 6
Chunk 111
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 auditors;  

  reviewing the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures;  

  reviewing and approving all proposed related party transactions;  

  meeting separately and periodically with management and the independent auditors;  

  monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures for proper compliance; and  

  reviewing related person transactions as well as the policies                             

Compensation Committee

Our Compensation Committee currently consists
of Mr. Gregory Moore, Mr. Poi (Paul) Wu, and Mr. Fuya (Frank) Zheng. Mr. Wu is the chairman of our Compensation Committee. The Compensation
Committee assists the Board in reviewing and approving the compensation structure, including all forms of compensation relating to our
directors and executive officers. Our chief executive officer may not be present at any committee meeting during which his compensation
is deliberated. The Compensation Committee is responsible for, among other things:

  reviewing and recommending to the Board the total compensation package for our most senior executive officers;  

  reviewing and recommending to the Board the compensation of our directors;  

  reviewing periodically and approving any long-term incentive compensation or equity plans;  

  selecting compensation consultants, legal counsel or other advisors after taking into consideration all factors relevant to that person’s independence from management; and  

  reviewing all other compensation and benefit plans as appropriate.  

Nominating and Corporate Governance Committee

Our Nominating and Corporate Governance Committee
currently consists of Mr. Richard Weil, Mr. Poi (Paul) Wu, and Mr. Fuya (Frank) Zheng. Mr. Zheng is the chairperson of our Nominating
and Corporate Governance Committee. The Nominating and Corporate Governance Committee assists the Board in selecting individuals qualified
to become our directors and in determining the composition of the Board and its committees. The Nominating and Corporate Governance Committee
is responsible for, among other things:

  identifying and recommending nominees for election or re-election to our Board or for appointment to fill any vacancy;  

  reviewing annually with our Board its current composition in light of the characteristics of independence, age, skills, experience and availability of service to us;  

  identifying and recommending to our Board which directors to serve as members and chairpersons of committees of the Board; and  

  reviewing our corporate governance principles and advising the Board periodically of any significant developments as appropriate.  

  Employees  
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