Summary by Moomoo AI
Lenovo Group Limited announced that the terms of reference of its Remuneration Committee were revised on 24 May 2024. The Committee consists of at least three members, primarily independent non-executive directors, and is responsible for formulating and auditing the remuneration policies of the Company's directors and senior management. The Committee meets at least once a year and may hold additional meetings if necessary. The Committee's responsibilities include providing remuneration recommendations to the Board, determining specific remuneration practices, reviewing remuneration items for executive directors and employees, and ensuring that remuneration policies are consistent with the company's business strategy. The Committee must also ensure that directors or their contacts are not involved in deciding their own remuneration and report the remuneration situation to shareholders in the annual report. In addition, the Chairman of the Committee is required to attend the Annual General Meeting to answer questions about the Committee's activities.