Lenovo 2015 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2015 Lenovo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 215

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215

49
2014/15 Annual Report Lenovo Group Limited
Appointment and Election
Diversity
The Board values diversity as a factor in selecting candidates to serve on the Board, and believes that the diversity
which exists in its composition provides significant benefits to the Board and the Company.
The Board adopted a Board Diversity Policy which relates to the selection of candidates for the Board. The
Board believes that a key success factor of an effective Board is that it comprises a range and balance of skills,
experience, knowledge and independence, with individuals that work as a team. The Board Diversity Policy was
adopted to ensure that diversity in its broadest sense continues to remain a feature of the Board.
The Nomination and Governance Committee has been delegated with the responsibilities for the review of the Board
Diversity Policy on an annually basis. During the fiscal year 2014/15, the Nomination and Governance Committee
reviewed the below measurable objectives and the progress in achieving these objectives:
Measurable Objectives Progress for Achieving Objectives
Objective 1 Consider candidates for appointment as independent non-
executive directors from a wide pool of backgrounds, skills,
experience and perspectives that would complement the existing
Board
• Appointment of Mr. Yang Chih-Yuan
Jerry as independent non-executive
director
• In the ordinary course of the Board
succession process
Objective 2 Report annually against the objectives and other initiatives taking
place within the Company which promote diversity
FY2015/16 and ongoing
Objective 3 Report annually on the outcome of the composition and structure
of the Board as well as any issues and challenges the Board is
facing when considering the diverse make up of the Company
FY2015/16 and ongoing
Appointment process
The Board recognises the need to ensure the Board and senior management are always well resourced, with the
suitable people in terms of skills and experience to deliver the Group’s strategy.
There is a formal and transparent procedure for the appointment of new directors to the Board, the primary
responsibility of which has been delegated to the Nomination and Governance Committee. The Nomination
and Governance Committee is composed of the Chairman and two independent non-executive directors. This
composition ensures that any decisions made are impartial and are in the best interest of the Company.
The Nomination and Governance Committee’s assessment of the candidates includes, but is not limited to,
consideration of the relevant knowledge and diversity of backgrounds, skills, experience and perspectives that would
complement the existing Board.