Corporate Governance on Lenovo
Contents
The overview——————————————3
Corporate governance about Lenovo—————3
The corporate governance structure—————————————3
Board Composition————————————————————4
Appointment and Election of Directors————————————5
Board Process———————————————————————7
Board committee——————————————————————8
Accountability and audit ——————————————————12 Communication with shareholder———————————————13
The overview on Lenovo
Lenovo Group Limited (SEHK: 0992) is a Chinese multinational computer hardware and electronics company with its operational headquarters in Morrisville, North Carolina, United States and its registered office in Hong Kong. Its products include personal computers, tablet computers, mobile phones, workstations, servers, electronic storage devices, IT management software and smart televisions. Lenovo is the world 's second-largest PC vendor by 2012 unit sales. It markets the ThinkPad line of notebook computers and the ThinkCentre line of desktops.
Lenovo has operations in more than 60 countries and sells its products in around 160 countries. Lenovo was founded in Beijing in 1984 and incorporated in Hong Kong in 1988 under its previous name, Legend. Lenovo is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng China-Affiliated Corporations Index.
"Lenovo" is a portmanteau of "Le-" (from Legend) and "novo", Latin ablative for "new". The Chinese name: 联想 means "association" (as in "word association") or "connected thinking" but can also imply creativity.
Corporate governance about Lenovo
The corporate governance structure
Board Composition
As at May 23, 2012 , there were eleven Board members consisting of one executive director, four non-executive directors and six independent non-executive directors. Accordingly, non-executive directors accounted for a vast majority of the Board members whereas the independent non-executive directors represented more than one-third of the Board members, thus exhibiting a strong
The overview——————————————3
Corporate governance about Lenovo—————3
The corporate governance structure—————————————3
Board Composition————————————————————4
Appointment and Election of Directors————————————5
Board Process———————————————————————7
Board committee——————————————————————8
Accountability and audit ——————————————————12 Communication with shareholder———————————————13
The overview on Lenovo
Lenovo Group Limited (SEHK: 0992) is a Chinese multinational computer hardware and electronics company with its operational headquarters in Morrisville, North Carolina, United States and its registered office in Hong Kong. Its products include personal computers, tablet computers, mobile phones, workstations, servers, electronic storage devices, IT management software and smart televisions. Lenovo is the world 's second-largest PC vendor by 2012 unit sales. It markets the ThinkPad line of notebook computers and the ThinkCentre line of desktops.
Lenovo has operations in more than 60 countries and sells its products in around 160 countries. Lenovo was founded in Beijing in 1984 and incorporated in Hong Kong in 1988 under its previous name, Legend. Lenovo is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng China-Affiliated Corporations Index.
"Lenovo" is a portmanteau of "Le-" (from Legend) and "novo", Latin ablative for "new". The Chinese name: 联想 means "association" (as in "word association") or "connected thinking" but can also imply creativity.
Corporate governance about Lenovo
The corporate governance structure
Board Composition
As at May 23, 2012 , there were eleven Board members consisting of one executive director, four non-executive directors and six independent non-executive directors. Accordingly, non-executive directors accounted for a vast majority of the Board members whereas the independent non-executive directors represented more than one-third of the Board members, thus exhibiting a strong