Lenovo 2016 Annual Report Download - page 142

140 Lenovo Group Limited 2015/16 Annual Report
DIRECTORS’ REPORT
PURCHASE, SALE OR REDEMPTION OF THE COMPANY’S LISTED SECURITIES
During the year ended March 31, 2016, neither the Company nor any of its subsidiaries purchased, sold or redeemed
any of the Company’s listed securities, except that the trustee of the long-term incentive program of the Company
purchased 150,182,248 shares from the market for award to employees upon vesting. Details of the program are set
out under section headed “Long-Term Incentive Program” in the Compensation Committee Report on page 110 of this
annual report.
DIRECTORS
The directors during the year and up to the date of this report are:
Chairman and Executive Director
Mr. Yang Yuanqing
Non-executive Directors
Mr. Zhu Linan
Mr. Zhao John Huan
Mr. Gordon Robert Halyburton Orr (appointed on September 18, 2015)
Independent Non-executive Directors
Dr. Tian Suning
Mr. Nicholas C. Allen
Mr. Nobuyuki Idei
Mr. William O. Grabe
Mr. William Tudor Brown
Ms. Ma Xuezheng
Mr. Yang Chih-Yuan Jerry
Mr. Ting Lee Sen (retired on July 2, 2015)
In accordance with article 95 of the Company’s articles of association, Mr. Gordon Robert Halyburton Orr who was
appointed as a director during the year, shall hold office until the AGM and, being eligible, has offered himself for
re-election.
In accordance with article 107 of the Company’s articles of association, Mr. Zhu Linan, Dr. Tian Suning and Mr. William
Tudor Brown will retire by rotation at the AGM and, being eligible, have offered themselves for re-election.
The Company has received from each of the independent non-executive directors an annual confirmation of his/her
independence pursuant to rule 3.13 of the Rules Governing the Listing of Securities on the Stock Exchange (“Listing
Rules”). The Nomination and Governance Committee has duly reviewed the independence of each of these directors.
The Company considered that all independent non-executive directors meet the independence guidelines set out in rule
3.13 of the Listing Rules and are independent in accordance with the terms of the guidelines.
The list of directors who have served on the boards of directors of the subsidiaries of the Company during the year
ended March 31, 2016 or during the period from April 1, 2015 to the date of this report is available on the Company’s
website (http://www.lenovo.com/ww/lenovo/list_direct.html).
BIOGRAPHY OF DIRECTORS AND SENIOR MANAGEMENT
Honorary Chairman
Mr. Liu Chuanzhi, 72, has been appointed the Honorary Chairman and Senior Advisor of the Company since November
3, 2011. Mr. Liu is the founder of the Group and held the positions of executive director, non-executive director and
chairman of the Board at different times from 1993 until his resignation from the Board on November 3, 2011. As our
Honorary Chairman, Mr. Liu is not a director or an officer of the Company or of any subsidiary of the Company, and
does not have any management role in the Company or any of its subsidiaries. He obtained his graduate certificate
from the Radar Navigation Department of People’s Liberation Army Institute of Telecommunication Engineering (中國人
民解放軍軍事電信工程學院雷達導航系) (now known as Xidian University) in China in 1967 and has substantial experiences
in corporate management. Mr. Liu is the chairman of the board and executive director of Legend Holdings Corporation
(HKSE listed), a company holding substantial interests in the issued shares of the Company.