Lenovo 2015 Annual Report Download - page 54

52 Lenovo Group Limited 2014/15 Annual Report
CORPORATE GOVERNANCE REPORT
Under the Articles of Association of the Company, directors are also required to declare their direct or indirect
interests, if any, in any proposal, transaction, arrangement or contract that is significant in relation to the Company’s
business and the director’s interest or his associate’s interest or the interest of the entity connected with the director
is material.
Commitments
All directors are committed to devote sufficient time and
attention to the affairs of the Company. Directors are
given guidelines on their time commitments to the affairs
of the Company and corresponding confirmations were
received from the directors in their letters of appointment.
Directors have also disclosed to the Company the number
and nature of offices held in Hong Kong or overseas listed
public companies or organisations and other significant
commitments, with the identity of the public companies
or organisations. Directors are reminded to notify the
Company in a timely manner and bi-annually confirm
to the Company of any changes of such information.
With respect to those directors who stand for re-
election at the forthcoming annual general meeting, all
of their directorships held in listed public companies in
the past three years are also set out in the document
accompanying the notice of the forthcoming annual
general meeting.
Share ownership
The Board has adopted stock ownership guidelines for non-employee director. The Board believes that share
ownership aligns the interests of its directors with the long-term interests of the shareholders and further promotes
the Company’s commitment to sound corporate governance. In general, these guidelines require non-employee
directors to maintain a certain level of equity awards granted to them for so long as he or she is a director of the
Company.
Directors’ Securities Transactions
The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers (the “Model
Code”) set out in Appendix 10 to the Listing Rules from time to time and devised based on the principles of the
Model Code a comprehensive and operative company policy to govern securities transactions by directors and
designated senior management of the Company. All directors of the Company have confirmed, after specific enquiry,
their compliance with the required standard during the year.
Directorship with Other
Listed Public Companies
55%
45%
0-2 (Number of companies)
3-5 (Number of companies)