Logitech 2007 Annual Report Download - page 114

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(d) Changes in Internal Control over Financial Reporting
During the second quarter of fiscal 2007, the Company completed the implementation of an upgrade to its
enterprise resource planning (“ERP”) software. Implementation of an ERP software upgrade is a material change
in the Company’s internal control over financial reporting. Pre-implementation testing and post-implementation
reviews were conducted by management to ensure that internal controls surrounding the system implementation
process, the applications, and closing process were properly designed and tested for effectiveness to prevent
material financial statement errors. There have been no other changes in the Company’s internal control over
financial reporting during the period covered by this annual report that have materially affected, or are
reasonably likely to materially affect, the Company’s internal control over financial reporting.
ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT
The Audit Committee of the Board of Directors consists of three non-employee directors, Mr. Gary Bengier,
Mr. Kee-Lock Chua, and Ms. Monika Ribar, each of whom meets the independence requirements of the Nasdaq
Global Select Market listing standards and the rules and regulations of the U.S. Securities and Exchange
Commission. The Board affirmatively determined that Mr. Bengier and Ms. Ribar are audit committee financial
experts. Refer also to the information in Exhibit 15.1 under Section 3.5 “The Functioning of the Board of
Directors – Audit Committee.”
ITEM 16B. CODE OF ETHICS
The Company’s code of ethics policy entitled, “Business Ethics and Conflict of Interest Policy of Logitech
International S.A.,” covers members of the Company’s board of directors and its executive officers (including the
principal executive officer, principal financial officer and controller) as well as all other employees.
The code of ethics addresses, among other things, the following items:
• Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest
between personal and professional relationships;
• Full, fair, accurate, timely, and understandable disclosure in reports and documents that we file with, or
submit to, the Commission and in other public communications made by us;
• Compliance with applicable governmental laws, rules and regulations;
• The prompt internal reporting to an appropriate person or persons identified in the code of violations of
any of the provisions described above; and
• Accountability for adherence to the code.
Any amendments or waivers of the code of ethics for members of the Company’s board of directors or
executive officers will be disclosed in the investor relations section of the Company’s Web site within five
business days following the date of the amendment or waiver and will also be disclosed either on a Form 6-K or
the Company’s next Form 20-F filing. During fiscal year 2007, no waivers or amendments were made to the code
of ethics for any Director or Executive Officer.
Logitech’s code of ethics is available on the Company’s Web site at www.logitech.com, and for no charge, a
copy of the Company’s code of ethics can be requested via the following address or phone number:
Logitech
Investor Relations
6505 Kaiser Drive
Fremont, CA 94555 USA
Main 510-795-8500
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