Lenovo 2014 Annual Report Download - page 41
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39
2013/14 Annual Report Lenovo Group Limited
Appointment and Election of Directors
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.
There is a formal and transparent procedure for the appointment of new directors to the Board, the primary
responsibility of which has been delegated to the Nomination and Governance Committee. The Nomination and
Governance Committee is composed of the Chairman and two independent non-executive directors. This composition
ensures that any decisions made are impartial and are in the best interest of the Company.
The Board has established the Board diversity policy (the “Diversity Policy”) which relates to the selection of
candidates for the Board. The Diversity Policy was adopted to ensure that diversity in its broadest sense continues to
remain a feature of the Board. The Nomination and Governance Committee’s assessment of the candidates includes,
but is not limited to, consideration of the relevant knowledge and diversity of backgrounds, skills, experience and
perspectives that would complement the existing Board.
During the fiscal year 2013/14, the Nomination and Governance Committee reviewed the below measurable objectives
and the progress in achieving these objectives:
Measurable objectives Progress for meeting objectives
Objective 1 Consider candidates for appointment as independent non-
executive directors from a wide pool of backgrounds, skills,
experience and perspectives that would complement the
existing Board
In the ordinary course of the Board
succession process
Objective 2 Report annually against the objectives and other initiatives
taking place within the Company which promote diversity
FY2014/15 and ongoing
Objective 3 Report 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
FY2014/15 and ongoing
Appointment process
The Board recognises the need to ensure the Board and senior management are always well resourced, with the
suitable people in terms of skills and experience to deliver the Company’s strategy. The structure, size and composition
(including, for example, gender, age, and length of service) of the Board will be reviewed from time to time by the
Nomination and Governance Committee to ensure that the Board has a balance of skill and expertise for providing
effective leadership to the Company.