Lenovo 2016 Annual Report Download - page 71
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69
2015/16 Annual Report Lenovo Group Limited
The Board may also establish committees on an ad hoc basis to approve specific projects as deemed
necessary. Should the need arise, the Board will authorize an independent board committee comprising
the independent non-executive directors to review, approve and monitor connected transactions
(including continuing connected transactions) that should be approved by the Board.
All Board Committees follow the same principles and procedures as those of the Board and are provided
with sufficient resources to perform their duties. The Board Committees will report to the Board on
a regular basis, including their decisions or recommendations to the Board, unless there are legal or
regulatory restrictions on their ability to do so. The member list of the Board Committees is also posted
on the Company’s website and HKEx’s website.
Audit Committee
The Audit Committee is authorised by the Board to perform its duties within its terms of reference. Details
of the Audit Committee, including its membership, responsibilities and main activities during the fiscal
year 2015/16, are summarized in the Audit Committee Report as stated on pages 99 to 105 of this annual
report.
Compensation Committee
The Compensation Committee is authorised by the Board to perform its duties within its terms of
reference. Details of the Compensation Committee, including its membership, responsibilities and work
done during the fiscal year 2015/16, are summarized in the Compensation Committee Report as stated on
pages 106 to 116 of this annual report.
Nomination and Governance Committee
Membership
The Nomination and Governance Committee (defined as “Committee” in this section) of the Board of
the Company as at the date of this annual report is comprised of three members, a majority of whom are
independent non-executive directors of the Company.
The members who held office during the year and up to the date of this annual report are:
Chairman Mr. Yang Yuanqing Chairman, CEO and executive director
Member Mr. Nobuyuki Idei Independent non-executive director
Member Mr. William O. Grabe Independent non-executive director and
Lead Independent Director
More information on the skills and experience of the members of the Committee may be found in the
directors’ biographies set out on pages 140 to 143 of this annual report.