Lenovo 2014 Annual Report Download - page 87

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85
2013/14 Annual Report Lenovo Group Limited
OTHER SHAREHOLDER ORIENTED FEATURES
Share Ownership Guidelines
Lenovo maintains share ownership guidelines for selected executives, including the Chairman/CEO and senior
management. The guidelines help to align executives with shareholders and focus executives on the long-term
performance of Lenovo by requiring certain levels of share ownership. The guidelines (expressed as a multiple of base
salary) vary by role and level and are expected to be achieved within 5 years of becoming an eligible executive. If
the guideline is not achieved, executives are required to retain a minimum portion of vested shares delivered through
Lenovo’s incentive plans until the guideline is met. The guideline is then expected to be maintained throughout the
executive’s remaining employment.
Claw Back Policy
Lenovo maintains a claw back policy for selected executives, including the Chairman/CEO and senior management.
The policy states that in the event of a restatement of the Company’s previously issued financial statements as a result
of errors, omission, fraud or non-compliance, the Board may, in its discretion, attempt to recover all or a portion of
compensation, with respect to any fiscal year in which the Company’s financial results are negatively affected by such
restatement.
PERFORMANCE AND EFFECTIVENESS
The Board undertook an annual review of its committees’ performance and effectiveness. The review concluded that
overall the Committee was effective in carrying out its duties. Details of the Board and Board committees’ evaluation
process can be found under “Board and Board Committees’ Evaluation” as set out in the Corporate Governance
Report on pages 55 to 56.
Members of the Compensation Committee
Ms. Ma Xuezheng (Chairman)
Mr. Ting Lee Sen
Mr. William Tudor Brown
Mr. William O. Grabe
Mr. Zhu Linan