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90 Lenovo Group Limited 2014/15 Annual Report
AUDIT COMMITTEE REPORT
PERFORMANCE AND EFFECTIVENESS
The Board undertook an annual review of its committees’ performance and effectiveness. The review concluded
that overall the Audit Committee was effective in carrying out its duties. Details of the Board and Board committees’
review process can be found under “Board and Board Committees’ Effectiveness Review” as set out in the
Corporate Governance Report on pages 67 to 68.
PRIORITIES FOR FY2015/16
Looking ahead, the priorities of the Audit Committee for the fiscal year 2015/16 are:
• To stay focused on financial accounting and reporting, audit quality, internal controls and risk management.
• To remain vigilant on the impacts of the economic conditions on the Group.
• To focus on the integration of the Group’s control processes into new acquisitions.
Members of the Audit Committee
Mr. Nicholas C. Allen (Chairman)
Mr. Ting Lee Sen
Ms. Ma Xuezheng
Mr. William Tudor Brown