Lenovo 2013 Annual Report Download - page 45

2012/13 Annual Report Lenovo Group Limited 43
Continuous professional development program
As part of the continuous professional development
program, the Board members from time to time receive
presentations from senior executives in the business on
matters of significance. Financial plans, including budgets
and forecasts, are regularly discussed at Board meetings.
The Company would arrange, where appropriate, site visits
and meetings with senior management for directors to
facilitate their understanding of the Group’s businesses and
have a better awareness of the risks associated with the
Group’s operations.
To facilitate the training for directors, the Company had
also introduced an online training at Lenovo University for
directors. In fiscal year 2012/13, the focus of the online
training was “Ethics and Compliance” and the attendance
rate of directors was 100%.
The directors are updated on a continuing basis by the Company Secretary on any new regulations and guidelines, as well
as any amendments thereto issued by the Stock Exchange and other regulatory authorities, particularly the effects of such
new or amended regulations and guidelines on directors specifically, and the Company and the Group.
The directors are also encouraged to attend relevant external professional programs at the Company’s expense as
necessary to keep abreast of issues facing the changing business environment within which the Group operates.
The Board considers the aforementioned training attended and/or participated in by the directors, and the continuing legal
updates provided to the directors, as adequate to enhance the directors’ skills and knowledge to carry out their duties
as directors. The Nomination and Governance Committee will, on a continuing basis, evaluate and determine the training
needs of the directors, particularly on relevant new laws and regulations and essential practices for effective corporate
governance and risk management, to enable the directors to sustain their active participation in Board deliberations and
effectively discharge their duties.
Gaining valuable industry insight
During the year, the Board had the opportunity to meet with senior management of the Japan and India teams, visit Yamato Laboratory in Japan, IT street of
Nehru Place and Lenovo showroom in India. These arrangements provided the Board with valuable insight into views on business trends in Japan and India
and their likely developments.
Self directed and convenient training tool
Lenovo University is extended to directors which enables them to learn at
their own pace and maintain control of learning “where, when and how”
with unlimited access.