Lenovo 2016 Annual Report Download - page 78

76 Lenovo Group Limited 2015/16 Annual Report
CORPORATE GOVERNANCE REPORT
Evaluation results
A consolidated report of the outputs from the evaluation was prepared by the Nomination and
Governance Committee for review and consideration by the Board. The results of the evaluation were
thoroughly discussed at a Board meeting.
Overall the review found that the Board and Board Committees continue to operate effectively. The Board
also identified enhancement areas, which will be incorporated into the future Board program to ensure
that the operation of the Board and Board Committees continue to improve. These areas will continuously
be reviewed by the Board.
Board action plan for FY2016/17
As in previous year, the Board has identified the following themes and areas of focus:
• Board process – Time spent on routine would be further managed to enable strategic or business
discussions to take priority, whilst ensuring the critical areas of oversight would be maintained.
• Succession planning – Continue to develop our succession planning, insights into high potential
individuals.
• Communication with senior management – Continue to encourage greater interaction between Board
members and senior management to benefit from their experience.
Re-election by Shareholders
Pursuant to the Articles of Association, one-third of the directors for the time being shall retire from office
at each annual general meeting. The retiring directors shall be eligible for re-election. New appointments
either to fill a casual vacancy or as an addition to the Board are also subject to re-election by shareholders
at the next following annual general meeting of the Company. The Nomination and Governance
Committee has conducted a review of each director seeking re-election. The sufficient biographical and
other information on those directors seeking re-election are provided in the annual report and the circular
to enable shareholders to make an informed decision.