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2011/12 Annual Report Lenovo Group Limited
66
COMPENSATION COMMITTEE REPORT
Consistent with prior practice, the Chairman of the Audit Committee received an additional cash payment equal to
US$20,000 (approximately HK$156,000), and the Chairman of the Compensation Committee received an additional cash
payment of US$10,000 (approximately HK$78,000).
Further details of the compensation of the Non-executive Directors are included in note 11 to the financial statements. SAR
and RSU awards outstanding for non-executive directors as of March 31, 2012 under this scheme are presented in the
“Long-TermIncentiveSchemes”sectionofthisreport.
2011-12 Chairman/CEO and Senior Management Review
Fixed Compensation
As a part of its annual review process, the Committee had reviewed and approved base pay changes for the Chairman/
CEO and senior management in May 2011, effective July 1, 2011.
To ensure the Chairman/CEO’s compensation package remains competitive with the market, base pay for the Chairman/
CEO was increased to US$1,083,000 (actual pay delivered in local currency). Base pay for senior management has been
increased by 4% to 14% to account for changes in role, scope, and market pay levels and in consideration of individual
performance and contributions.
Performance Bonus
Chairman/CEO and senior management’s fiscal year 2011/12 bonus payouts were approved in the May 2012 Committee
meeting. Final bonus payouts for Chairman/CEO and senior management were determined based on individual bonus
target, the Company’s final post-tax income, as well as individual performance.
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Approved bonus payments for the fiscal year 2011/12 will be delivered in June 2012.