Lenovo 2014 Annual Report Download - page 58
Download and view the complete annual report
Please find page 58 of the 2014 Lenovo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
 |
 |
56 Lenovo Group Limited 2013/14 Annual Report
CORPORATE GOVERNANCE REPORT
In fiscal year 2013/14, the Company enhanced the evaluation process involving each of the directors completing a
comprehensive questionnaire, which was structured to include a wide range of questions that focused on the seven
areas shown below and the Lead Independent Director discussed the draft results report with the chairpersons of Audit
Committee and Compensation Committee. The process took place between November 2013 and February 2014.
Board of Directors
Board’s Role
and
Responsibilities
Board
Committees
Relationship with
Management
Board
Contribution
Relationship
with
Shareholders
Board Conduct
Board
Composition and
Structure
A consolidated report of 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 on February
12, 2014.
The evaluation report concluded 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.
Management Functions
The Company has a formal schedule of matters specifically reserved to the Board and those delegated to
management. The management is responsible for the daily operations and administration function of the Group under
the leadership of the CEO. The Board has given clear directions to management as to the matters that must be
approved by the Board before decisions are made on behalf of the Company. The types of decisions to be delegated
by the Board to management include implementation of the strategy and direction determined by the Board, operation
of the Group’s businesses, preparation of financial statements and operating budgets, and compliance with applicable
laws and regulations. These arrangements will be reviewed periodically to ensure that they remain appropriate to the
Company’s needs. The list of members of senior management and their biographies are set out on pages 108 to 109
of this annual report.