Lenovo 2013 Annual Report Download - page 50

CORPORATE GOVERNANCE REPORT
Lenovo Group Limited 2012/13 Annual Report
48
Overview of various items on the Board’s agenda for fiscal year 2012/13
During the fiscal year 2012/13, a total of seven Board meetings were held, of which four Board meetings were primarily to
review quarterly business performance and strategy execution and the remaining three were for reviewing specific strategy
in the geography, business or other relevant areas and also new projects. Given the geographical spread of the Group’s
business, in addition to the meetings in Hong Kong and New York, the Company also held meetings in Japan and India
with a particular focus on reviewing the strategies and business in these areas which provided an opportunity for directors
to meet with management teams in those countries.
The regular items of a Board meeting for reviewing quarterly results include a report from CEO on business performance
and strategy execution, a report from Chief Financial Officer on financial performance and reporting and reports from the
chairman of the respective Board committees on matters discussed and/or approved at the relevant Board committees’
meetings held prior to the Board meetings. In addition to these regular reports, the Board considered and/or resolved the
following non-routine matters during the year:
• Formation of a joint venture with EMC Corporation
• Resignation of Professor Woo Chia-Wei as director
• Appointment of Mr. William Tudor Brown as director
• Appointment of Mr. Chih-Yuan (Jerry) Yang as Board Observer
• Acquisition of CCE (or formally known as Digiboard Eletrônica da Amazônia Ltda., Digibrás Indústria do Brasil S.A. and
Dual Mix Comércio de Eletrônicos Ltda.)
• Acquisition of Stoneware Inc.
• Acceleration of put option in relation to the option shares in Medion AG
• Adoption of the continuous disclosure policy of the Company
• Discussion on Board and Board committees’ evaluation results