Lenovo 2016 Annual Report Download - page 54

52 Lenovo Group Limited 2015/16 Annual Report
CORPORATE GOVERNANCE REPORT
Appointment and Election
Diversity
The Board values diversity as a factor in selecting candidates to serve on the Board, and believes that the
diversity which exists in its composition provides significant benefits to the Board and the Company.
The Board believes that a key success factor of an effective Board is that it comprises a range and
balance of skills, experience, knowledge and independence, with individuals that work as a team. The
Board Diversity Policy which relates to the selection of candidates for the Board was adopted to ensure
that diversity in its broadest sense continues to remain a feature of the Board. All Board appointments are
made on merit, in the context of the skills and experience the Board as a whole requires being effective.
The details of the appointment process can be found on page 53 of this report.
The Nomination and Governance Committee has been delegated with the responsibilities for the review
of the Board Diversity Policy on an annually basis. During the fiscal year 2015/16, the Nomination and
Governance Committee reviewed the below measurable objectives and the progress in achieving these
objectives:
Measurable Objectives Progress for Achieving Objectives
Objective 1Consider candidates for appointment
as independent non-executive directors
from a wide pool of backgrounds, skills,
experience and perspectives that would
complement the existing Board
• Appointment of Mr. Gordon Robert
Halyburton Orr as non-executive
director
• In the ordinary course of the Board
succession process
Objective 2Report annually against the objectives
and other initiatives taking place within
the Company which promote diversity
• The annual Board evaluation process
includes an assessment of the Board’s
diversity helping to objectively
consider the Board composition and
effectiveness
• FY2016/17 and ongoing
Objective 3Report annually on the outcome of the
composition and structure of the Board
as well as any issues and challenges the
Board is facing when considering the
diverse make-up of the Company
• Make use of the Board evaluation
process as an important means of
monitoring the progress
• Remain committed to getting the
right balance of the composition
of the Board and works towards
understanding and managing some
of the challenges we face in the
global information technology sector,
particularly in internet, mobile,
software and clouds areas
• FY2016/17 and ongoing