Lenovo 2015 Annual Report Download - page 103

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101
2014/15 Annual Report Lenovo Group Limited
OTHER SHAREHOLDER ORIENTED FEATURES
Share Ownership Guidelines
Lenovo maintains share ownership guidelines for selected executives, including the Chairman/CEO and senior
management. The guidelines help to align executives with shareholders and focus executives on the long-term
performance of Lenovo by requiring certain levels of share ownership. The guidelines (expressed as a multiple
of base salary) vary by role and level and are expected to be achieved within 5 years of becoming an eligible
executive. If the guideline is not achieved, executives are required to retain a minimum portion of vested shares
delivered through Lenovo’s incentive plans until the guideline is met. The guideline is then expected to be maintained
throughout the executive’s remaining employment. As of fiscal year end, 100% of executives covered by the
guidelines have achieved the targeted level of ownership. Additionally, the Non-executive Directors are subject to
similar guidelines and are in full compliance.
Claw Back Policy
Lenovo maintains a claw back policy for selected executives, including the Chairman/CEO and senior management.
The policy states that in the event of a restatement of the Company’s previously issued financial statements as
a result of errors, omission, fraud or non-compliance, the Board may, in its discretion, attempt to recover all or a
portion of compensation, with respect to any fiscal year in which the Company’s financial results are negatively
affected by such restatement.
PERFORMANCE AND EFFECTIVENESS
The Board undertook an annual review of its committees’ performance and effectiveness. The review concluded that
overall the Committee was effective in carrying out its duties. Details of the Board and Board committees’ evaluation
process can be found under “Board and Board Committees’ Evaluation” as set out in the Corporate Governance
Report on pages 67 to 68.
Members of the Compensation Committee
Ms. Ma Xuezheng (Chairman)
Mr. Ting Lee Sen
Mr. William Tudor Brown
Mr. William O. Grabe
Mr. Zhu Linan