Lenovo 2015 Annual Report Download - page 175
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173
2014/15 Annual Report Lenovo Group Limited
NOTES TO THE FINANCIAL STATEMENTS
11 EMOLUMENTS OF DIRECTORS AND HIGHEST PAID INDIVIDUALS (continued)
(a) Directors’ and senior management’s emoluments (continued)
2014
Name of Director Fees Salaries
Discretionary
bonuses
(note i)
Long-term
incentive
awards
(note ii)
Retirement
payments
and
employer’s
contribution
to pension
schemes
Housing
allowance
Other
benefits-
in-kind Total
US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000
Executive director
Mr. Yang Yuanqing (CEO) –1,283 7,159 12,647 128 281 17 21,515
Non-executive directors
Mr. Zhu Linan 88 – – 109 – – – 197
Dr. Wu Yibing 26 – – 290 – – – 316
Mr. Zhao John Huan 88 – – 148 – – – 236
Independent non-executive directors
Mr. William O. Grabe 123 – – 278 –––401
Mr. Ting Lee Sen 88 – – 180 –––268
Dr. Tian Suning 88 – – 170 –––258
Mr. Nicholas C. Allen 115 – – 180 – – – 295
Ms. Ma Xuezheng 98 – – 170 – – – 268
Mr. Nobuyuki Idei 88 – – 161 – – – 249
Mr. William Tudor Brown 88 – – 88 –––176
890 1,283 7,159 14,421 128 281 17 24,179
Notes:
(i) Discretionary bonuses paid for the two years ended March 31, 2015 and 2014 represent the amounts in connection with the
performance bonuses for the two years ended March 31, 2014 and 2013 respectively.
(ii) Details of the long-term incentive program of the Company are set out in Note 29(a). The fair value of the employee services
received in exchange for the grant of the long-term incentive awards is recognized as an expense. The total amount to be
amortized over the vesting period is determined by reference to the fair value of the long-term incentive awards at the date of
grant. The amounts disclosed above represent the amortized amounts for the two years ended March 31, 2015 and 2014.
(iii) Mr. William O. Grabe has elected to defer his receipt of the cash of director’s fee into fully vested share units under the long-term
incentive program (Note 29(a)) for the two years ended March 31, 2015 and 2014.
(iv) During the year ended March 31, 2015 and 2014, a pension payment of US$1.5 million was made to Mr. Liu Chuanzhi, a retired
director.
(v) Dr. Wu Yibing retired as a director on July 16, 2013.
(vi) Mr. Yang Chih-Yuan Jerry was appointed as an independent non-executive director on November 6, 2014.