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2011/12 Annual Report Lenovo Group Limited
40
CORPORATE GOVERNANCE REPORT
Other Key Features of Board Process
• Thedirectorsaresuppliedinatimelymannerwithallrelevantdocumentationandfinancialinformationtoassist
them in the discharge of their duties. Bi-monthly updates (changed to monthly update from April 2012) of the
financial performance of the Company were furnished to the Board between regular Board Meetings.
• SeniormanagementareinvitedtoattendBoardmeetings,whereappropriate,toreportonmattersrelatingtotheir
areas of responsibility, and also to brief and present details to the directors on recommendations submitted for the
Board’s consideration. Additional information or clarification may be required to be furnished, particularly in respect
of complex and technical issues tabled to the Board.
• SeparateexecutivesessionswerearrangedfortheChairmantomeetwithnon-executivedirectorsintheabsence
of management to discuss matters relating to any issue or other matters such persons would like to raise.
• AlldirectorshavedirectaccesstotheGeneralCounselandCompanySecretaryoftheCompanywhoare
responsible for advising the Board on corporate governance and compliance issues.
• Writtenproceduresareinplacefordirectorstoseek,attheCompany’sexpenses,independentprofessionaladvice
in performing directors’ duties. No request was made by any director for such advice during the year.
• TheCompanyhasarrangedappropriateinsurancetocovertheliabilitiesofthedirectorsarisingfromcorporate
activities. The insurance coverage is reviewed on an annual basis.
Directors’ Securities Transactions
TheCompanyhasadoptedtheModelCodeforSecuritiesTransactionsbyDirectorsofListedIssuers(the“Model Code”)
set out in Appendix 10 to the Listing Rules from time to time and devised based on the principles of the Model Code
a comprehensive and operative company policy to govern securities transactions by directors and designated senior
management of the Company. All the directors of the Company have confirmed, after specific enquiry, their compliance
with the required standard during the year.