Lenovo is honored for the third consecutive year for its high standards of corporate governance
HONG KONG, November 30, 2015 – Lenovo Group (HKSE: 992) (ADR: LNVGY) has been honored with the Platinum Award in the H-share Companies and Other Mainland Enterprises Category of the 2015 Best Corporate Governance Disclosure Awards, by the Hong Kong Institute of Certified Public Accountants (“HKICPA”). This is the third consecutive year that Lenovo has garnered this honor, highlighting once again the company’s outstanding efforts and achievements in corporate governance and sustainability.
The award has further affirmed Lenovo’s achievements in upholding high standards of corporate disclosure and practices, including reporting on corporate governance, good board practices and commitment to corporate social responsibility and sustainability. Introduced in 2000, the Best Corporate Governance Disclosure Awards are Hong Kong’s most established and prestigious awards for corporate governance. These awards are widely recognized and have gained support from the government, regulators, and the business and professional communities.
Wong Waiming, Executive Vice President and CFO of Lenovo said, “At Lenovo, we feel highly honored to garner this award in recognition of our determined efforts and achievements in corporate governance. We will continue to ensure that Lenovo maintains the highest level of transparency and accountability to its stakeholders. We firmly believe our pursuit of excellence in corporate governance runs parallel to our strategic objective of capturing market opportunities to maintain promising business growth.”
A US$46 billion global Fortune 500 company, Lenovo is today a global leader in PCs with 21% market share, and top three in global tablet and server markets, and top four in global smartphones. The company has recently delivered solid second quarter results showing a strong operational performance. With the successful execution of its business realignment plan since the last fiscal quarter, the company’s cost structure across all of its core businesses is now among the most competitive in the industry. The company is in a position to invest in new areas, while aggressively attacking competition.
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a $46 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technologies. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including the Motorola brand), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter (@Lenovo) or visit us at www.lenovo.com.
