Neiman Marcus 2006 Annual Report Download - page 59

Code of Ethics
The Board has adopted The Neiman Marcus Group, Inc. Code of Ethics and Conduct which is applicable to all our directors,
officers and employees, as well as a separate Code of Ethics for Financial Professionals that applies to all financial employees
including the Chief Executive Officer, the Chief Financial Officer and the Principal Accounting Officer. Both the Code of Ethics and
Conduct and the Code of Ethics for Financial Professionals may be accessed through our website at www.neimanmarcusgroup.com
under the "Investor Information —Governance Documents" section. Requests for printed copies may be made in writing to The
Neiman Marcus Group, Inc., Attn. Investor Relations, One Marcus Square, 1618 Main Street, Dallas, Texas 75201.
We have established a means for employees, customers, suppliers, or other interested parties to submit confidential and
anonymous reports of suspected or actual violations of the Company's Code of Conduct relating, among other things, to:
• accounting practices, internal accounting controls, or auditing matters and procedures;
• theft or fraud of any amount;
• performance and execution of contracts;
• conflicts of interest;
• violations of securities and antitrust laws; and
• violations of the Foreign Corrupt Practices Act.
Any employee or other interested party can call the following toll-free number to submit a report. This number is operational
24 hours a day, seven days a week:
1-800-573-2022
Board Committees
Our Board of Directors has established an audit committee, an executive committee and a compensation committee. The
members of our audit committee for fiscal year 2007 were David A. Barr, Carrie Wheeler, Ron Beegle, and Sidney Lapidus. Mr.
Beegle resigned as a member of the Audit Committee and the Board of Directors on August 13, 2007. The audit committee
recommends the annual appointment of auditors with whom the audit committee reviews the scope of audit and non-audit assignments
and related fees, accounting principles we use in financial reporting, internal auditing procedures and the adequacy of our internal
control procedures. The members of our executive committee are Jonathan Coslet, Kewsong Lee, and Burton M. Tansky. The
executive committee manages the affairs of the Company as necessary between meetings of our Board of Directors and acts on
matters that must be dealt with prior to the next scheduled Board meeting. The members of our compensation committee are Jonathan
Coslet, Kewsong Lee, and John G. Danhakl. The compensation committee reviews and approves the compensation and benefits of
our employees, directors and consultants, administers our employee benefit plans, authorizes and ratifies stock option and/or restricted
stock grants and other incentive arrangements, and authorizes employment and related agreements.
Each of the Sponsors has the right to have at least one of its directors sit on each committee of the Board of Directors, to the
extent permitted by applicable laws and regulations.
Audit Committee Financial Expert
The Board of Directors has determined that David A. Barr, Chairman of the Audit Committee, meets the criteria set forth in
the rules and regulations of the SEC for an "audit committee financial expert."
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