Lenovo 2016 Annual Report Download - page 77
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75
2015/16 Annual Report Lenovo Group Limited
Annual Evaluation
The Board believes that the annual evaluation is helpful and provides a valuable opportunity for
continuous improvement. The objectives of the evaluation were to build on the improvements made since
the last evaluation, thereby improving the collective contribution of the Board as a whole and also the
competence and effectiveness of each individual director.
Mr. Grabe, the Lead Independent Director, is delegated with authority to take a key role in the Board
evaluation process. Mr. Grabe, in consultation with the Chairman and supported by the General Counsel
and the Company Secretary, compiled and circulated a comprehensive questionnaire for completion by
all directors, the aim of which was to evaluate the performance and effectiveness of the Board and its
Committees.
The questionnaire considered:
• Board processes and their effectiveness
• Time management of Board meetings
• Board composition and dynamics
• Strategic and operational oversight
• Succession planning
• Board support
Following the completion of the questionnaire by each director, Mr. Grabe discussed the draft results
report with the chairpersons of Audit Committee and Compensation Committee. The evaluation took
place in December 2015.
Evaluation Process
The evaluation process involves the following three stages:
DETERMINE
THE SCOPE
DISCUSS AND REVIEW
THE RESULTS
DETERMINE
THE APPROACH
Board and its
Committees
ACTION PLAN
AGREED
Following review of the
results, the Board drew
conclusions and agreed
proposed implementation or
action plan
Conducted by
completing a
comprehensive
questionnaire
MONITOR AND
FOLLOW-UP MEETINGS
Monitoring the progress
of the implementation or
action taken semi-annually
Reporting back to the
Board on the progress
by Nomination and
Governance Committee
Preparing the draft results report
Discussing the draft results report
between the Lead Independent
Director and the chairpersons of
Audit Committee and Compensation
Committee
Review of the results report by
the Nomination and Governance
Committee
Finalizing the results report
Reporting to the Board in a manner
that did not identify individuals’
specific responses, ensuring that
these responses could be as open,
frank and informative as possible
Stage 1Stage 2Stage 3