Lenovo 2016 Annual Report Download - page 102

100 Lenovo Group Limited 2015/16 Annual Report
AUDIT COMMITTEE REPORT
Key Features
The Audit Committee’s terms of reference which clearly deal with its membership, authority,
duties and frequency of meetings are published on the websites of the Company and Hong Kong
Exchanges and Clearing Limited.
The Audit Committee meets with external auditor, Chief Financial Officer, General Counsel, and
management of the finance and internal audit functions of the Company at least four times a year
at quarterly intervals and is provided with sufficient resources to perform its duties.
The Audit Committee is authorised to obtain outside legal or other independent professional
advice in performing its duties at the Company’s expense. No request was made by any member
for such advice during the year.
Other management from the business is also invited to attend certain meetings from time to
time in order to provide insight and enhance the Audit Committee’s awareness of key issues and
developments.
Separate executive sessions were arranged for the Audit Committee to meet with external auditor,
internal auditor and General Counsel in the absence of management to discuss matters relating to
any issues arising from the audit and any other matters such persons would like to raise.
In addition to standing agenda items, the Audit Committee may also request to discuss on
particular “deep-dive” topics.
The chairman will report back to the Board after each of the Audit Committee meeting on its
decisions or recommendations.