Lenovo 2014 Annual Report Download - page 72
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70 Lenovo Group Limited 2013/14 Annual Report
AUDIT COMMITTEE REPORT
KEY FEATURES
•The Audit Committee’s terms of reference which clearly deal with its membership, authority, duties and
frequency of meetings are published on the websites of the Company and Hong Kong Exchanges and Clearing
Limited.
•The Audit Committee meets with external auditor, Chief Financial Officer, General Counsel, and management of
the finance and internal audit functions of the Company at least four times a year at quarterly intervals and is
provided with sufficient resources to perform its duties.
•The Audit 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.
•Other management from the business are also invited to attend certain meetings from time to time in order to
provide insight and enhance the Audit Committee’s awareness of key issues and developments.
•Separate executive sessions were arranged for the Audit Committee to meet with external auditor, internal
auditor and General Counsel in the absence of management to discuss matters relating to any issues arising
from the audit and any other matters such persons would like to raise.
•In addition to standing agenda items, the Audit Committee may also request to discuss on particular “deep-dive”
topics.
•The chairman will report back to the Board after each of the Audit Committee meeting on its decisions or
recommendations.