Lenovo 2011 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2011 Lenovo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 137

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137

2010/11 Annual Report Lenovo Group Limited
34
CORPORATE GOVERNANCE
Compensation Committee
Membership
All members of the Compensation Committee (defined as “Committee” in this section) are non-executive directors,
the majority of whom are independent non-executive directors. The current members are Mr. William O. Grabe
(Committee Chairman), Professor Woo Chia-Wei and Mr. Ting Lee Sen with Ms. Ma. Xuezheng and Mr. Zhu Linan
acting as observers.
Responsibilities and summary of work
The Committee is responsible for considering and making recommendation to the Board on the Company’s
compensation policy, including its long-term incentive policy. It is also responsible for the determination of
the compensation level and package paid to the Chairman of the Board, CEO and other directors and senior
management. The Committee is authorized to obtain outside independent professional advice to support its
function.
In the year ended March 31, 2011, the Committee held three meetings and passed circular resolutions in which
the following activities were resolved to be undertaken:
•Approvalof2010/11updatedmeritplan
•Submissionof2010/11non-executivedirectorpayrecommendationbyindependentconsultantfortheBoard’s
approval
•Approvalof2009/10bonuspaymentsand2010/11compensationforthedirectreportsofCEOandPresident
•Approvalof2009/10bonuspaymentforCEO
•Approvalofthetotalbudgetfor2010/11meritfordirectreportsofCEOandPresident
•Approvalof2010/11meritforCEOandChairmanoftheBoard
•Approvalofthechangeto2010/11LTIbudget
•Approvalofthechangestoattainmentandgoalsoftheseniormanagementincentiveplan
•ApprovalofadditionalLTIgrantstooutstandingperformedemployees