2003 Committee Charter : NMGA

Purpose
The Nominating and Corporate Governance Committee (the "Committee") of the Board of Directors
(the "Board") is appointed by the Board to:
  • identify individuals qualified to become directors of The Neiman Marcus Group, Inc. (the
    "Company");
  • recommend to the Board director candidates to fill vacancies of the Board and to stand for
    election by the shareholders at the annual meeting of the Company;
  • recommend committee assignments for directors to the Board;
  • periodically assess the performance of the Board;
  • periodically review and assess the Company's Code of Ethics and Conduct; and
  • review and recommend to the Board appropriate corporate governance policies and procedures
    for the Company.
    Membership and Meetings
    The Committee shall consist of not fewer than three directors, each of whom shall be appointed by the
    Board on the recommendation of the Committee, to serve until the next annual meeting of the Board or until his
    or her successor shall be duly appointed. If a Chairperson of the Committee is not designated by the Board, the
    members of the Committee may designate a Chairperson by majority vote of the Committee membership. The
    Committee shall comply with the independence requirements of the New York Stock Exchange.
    The Chairperson of the Committee shall be responsible for scheduling all meetings of the Committee
    and providing the Committee with a written agenda for each meeting. The Chairperson shall preside at the
    meetings of the Committee. In the absence of the Chairperson, the majority of the members of the Committee
    present at a meeting shall appoint a member to preside at the meeting. A majority of the members of the
    Committee shall constitute a quorum for the transaction of business. The Committee shall make regular reports
    to the Board. The Committee may adopt such other rules and regulations for calling and holding its meetings
    and for the transaction of business at such meetings as is necessary or desirable and not inconsistent with the
    provisions of the Bylaws of the Company or this Charter.
    Authority and Responsibilities
    1. The Committee shall actively seek and evaluate individuals qualified to become directors of
    the Company, including reviewing individuals recommended or nominated by shareholders or the Chief
    Executive Officer of the Company, and recommend director candidates to the Board to fill vacancies on the
    Board or stand for election to the Board by the shareholders of the Company. The Committee shall interview
    potential candidates for election to the Board and, in conjunction with the Chairman of the Board, communicate
    offers to stand for election to the Board to such candidates. The Committee shall also establish the criteria for
    Board membership, which should include among other things experience, skill set and the ability to act in the
    best interest of the Company's shareholders.
    2. The Committee shall recommend committee assignments for directors to the Board as
    openings occur on committees of the Board, or as rotations of committee assignments are deemed advisable by
    the Board. The Committee shall recommend committee assignments in accordance with the membership
    requirements specified in the Charter of each committee, and with due consideration of each committee's annual
    assessment of its composition, performance and effectiveness.
    3. The Committee shall conduct an annual assessment of the performance of the Board. In
    conducting its assessment, the Committee will solicit comments from all directors and may employ such other
    means as it may deem appropriate in conducting the assessment, including the employment of outside
    consultants and advisors. The Committee shall report its findings to the full Board following the end of each
    fiscal year.
    4. The Committee shall periodically review and assess the adequacy of the Company's corporate
    governance policies and procedures and the Company's Code of Ethics and Conduct and recommend any
    proposed changes to the Board for approval.
    5. The Committee shall have the sole authority to retain and terminate any search firm to be used
    to identify and recruit director candidates and shall have sole authority to approve the search firm's fees and
    other retention terms.
    6. The Committee shall be assisted by appropriate corporate staffs, and in addition, the
    Committee may obtain assistance form such other persons, who need not be employees of the Company, or
    organizations as it may deem appropriate, with the expenses incurred in their use to be paid by the Company.
    The foregoing authority includes obtaining advice and assistance from internal or external legal, accounting or
    other advisors and consultants.
    7. The Committee may appoint and delegate authority to subcommittees as it deems appropriate.
    8. The Committee shall review and make recommendations to the full Board regarding director
    orientation and continuing education.
    9. The Committee shall exercise such other duties and responsibilities as may be assigned by the
    Board from time to time.
    Miscellaneous
    The Committee shall review and assess the adequacy of this Charter and the composition of the
    Committee annually and recommend any proposed changes to the Board for approval. The Committee also shall
    annually review its own performance and assess the effectiveness of the Committee.
    Nothing in this Charter shall be deemed to amend the provisions of the Bylaws with respect to this
    Committee or other committees of the Board absent a separate resolution of the Board expressly amending the
    Bylaws.