Lenovo 2016 Annual Report Download - page 72

70 Lenovo Group Limited 2015/16 Annual Report
CORPORATE GOVERNANCE REPORT
Responsibilities
The Committee is delegated by the Board with responsibility to review the composition of the Board and
Board committees to ensure they are properly constituted and balance in terms of skills, experience and
diversity. In addition to this, it is also responsible for:
• making recommendation to the Board on succession planning for directors and CEO;
• assessment of the performance of the Chairman and/or CEO and making proposals to the
Compensation Committee;
• monitoring corporate governance issues and developments to ensure that the Company is in line with
the international best practices;
• reviewing and determining the director induction and continuous professional development programs;
and
• reviewing and monitoring the annual Board and Board committees’ evaluation and the progress of
the implementation actions.
Key Features
• The Committee’s terms of reference which clearly deal with its membership, authority, duties and
frequency of meetings are published on the Company’s website and HKEx’s website.
• The Committee is provided with sufficient resources to perform its duties.
• The 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.
• General Counsel and Company Secretary are invited to attend the Committee meetings in order
to provide insight and enhance the Committee’s awareness of corporate governance issues and
developments.
• The chairman of the Committee being also the Chairman and CEO, is required to excuse himself from
the agenda items relating to succession planning of the Chairman and/or CEO and the assessment of
performance of the Chairman and/or CEO.