Lenovo 2016 Annual Report Download - page 53

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2015/16 Annual Report Lenovo Group Limited
Key Features of the Board Composition
Diversity The Board adopted a Board diversity policy (the “Board Diversity
Policy”) which relates to the selection of candidates for the Board.
A summary of the Board Diversity Policy including the views and
measurable objectives is set out on page 52 of this report.
Independence The current composition of the Board exceeds the requirements
under rule 3.10A of the Listing Rules, as more than half of its members
are independent non-executive directors, thus exhibiting a strong
independent element which enhances independent judgement.
Mr. Grabe, an independent non-executive director of the Company
was appointed as Lead Independent Director for enhancing corporate
governance of the Company. The roles and responsibilities of the Lead
Independent Director are set out on page 49 of this report.
The Company has maintained on its website and Hong Kong Exchanges
and Clearing Limited’s website (the “HKEx’s website”) an updated list
of its directors identifying their roles and functions and whether they
are independent non-executive directors.
Independent non-executive directors are also identified as such in all
corporate communications that disclose the names of directors of the
Company.
Professional qualification Mr. Nicholas C. Allen, an independent non-executive director of the
Company, has the appropriate professional qualifications, or accounting
or related financial management expertise, as required under the
Listing Rules.
Relationship among directors Mr. Zhu Linan and Mr. Zhao John Huan, non-executive directors of the
Company, also serve on the board of directors of Legend Holdings
Corporation, which company held approximately 31.00% of the total
number of shares in issue of the Company as of March 31, 2016
according to the interest as recorded in the register maintained under
the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong
Kong) (the “SFO”) The details are set out on page 96 of this report.
To the best knowledge of the Board members, there are no other
relationship among the members of the Board as of the date of this
annual report except for the relationships (including financial, business,
family, and other material and relevant relationships) as mentioned in
this report and in the biographies of directors set out on pages 140 to
143 of this annual report.