Lenovo 2009 Annual Report Download - page 44

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CORPORATE GOVERNANCE
2008/09 Annual Report Lenovo Group Limited
42
Governance Committee
Membership
The Governance Committee (defined as “Committee” in this section) currently is composed of Mr. Liu Chuanzhi
(Committee Chairman), Mr. Yang Yuanqing and Mr. James G. Coulter.
Responsibilities and summary of work
The Committee is to assist the Board in overseeing Board organization and senior management succession planning,
developing its corporate governance principles and determining Board evaluation criteria and process.
BOARD AND COMMITTEE MEETINGS
The composition of the Board as at the date of this annual report and attendance of individual directors at meetings of
the Board and Board Committee during the financial year were as follows:
Attendance/Meetings in the year
Audit Compensation Strategy
Directors Board Committee Committee Committee
(Total no.: 6) (Total no.: 4) (Total no.: 9) (Total no.: 4)
Executive director
Mr. Yang Yuanqing (CEO) 6/6 – – 4/4
Non-executive directors
Mr. Liu Chuanzhi (Chairman) 6/6 – – 4/4
Mr. Zhu Linan 6/6 – – –
Ms. Ma Xuezheng 6/6 4/4 – –
Mr. James G. Coulter 5/6 – – 4/4
Mr. William O. Grabe 6/6 – 9/9 4/4
Dr. Wu Yibing2 N/A – – –
Independent non-executive directors
Professor Woo Chia-Wei 6/6 4/4 9/9 –
Mr. Ting Lee Sen 6/6 4/4 9/9 –
Mr. John W. Barter III 5/6 4/4 – –
Dr. Tian Suning 5/6 – – –
Notes:
1. The attendance record of each individual director is based on the number of Board or Board Committee meetings held and attended by the respective
director having the attendance right during his/her term of service during the financial year.
2. Dr. Wu was appointed non-executive director on May 21, 2009
COMPENSATION POLICY
Lenovo recognizes the importance of attracting and retaining top-caliber talent and is strongly committed to effective
corporate governance. Consistent with this philosophy, the Company has a formal, transparent and performance-driven
compensation policy covering its directors and senior management.
Lenovo’s compensation policy for its directors and senior management is to ensure that compensation is aligned to
support the Company’s strategy, attract and retain top talent, reinforce the Company’s performance driven culture, and
reflects the market practices of other leading international and IT-focused enterprises, with particular focus on those
who compete in the PC sector.