Logitech 2013 Annual Report Download - page 212

LOGITECH INTERNATIONAL S.A.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(6) Mr. Junien Labrousse ceased to be an executive officer of the Company in April 2012. Shares held are as of
April 22, 2012, the last date as of which the Company had the ability to track shares held by Mr. Labrousse.
(7) Mr. Werner Heid resigned as an executive officer of the Company in April 2012. Shares held are as of
May 15, 2012, the last date as of which the Company had the ability to track shares held by Mr. Heid.
(8) One of the option grants to Mr. Kee-Lock Chua has an exercise price of CHF 13.00, and the other has a U.S.
dollar exercise price of $19.43. For the grant denominated in Swiss francs, the U.S. dollar exercise price is
based on the Swiss franc to U.S. dollar conversion rate on the trading day immediately preceding the grant
date. The U.S. dollar exercise price as of March 31, 2013 was $13.65 and $19.43.
(9) The exercise price of the option as granted to Ms. Sally Davis is CHF 34.45. The U.S. dollar exercise price
shown is based on the Swiss franc to U.S. dollar conversion rate on the trading day immediately preceding
the grant date. The U.S. dollar exercise price as of March 31, 2012 was $36.17.
(10) The exercise price of the option as granted to Mr. Richard Laube is CHF 26.18. The U.S. dollar exercise price
shown is based on the Swiss franc to U.S. dollar conversion rate on the trading day immediately preceding
the grant date. The U.S. dollar exercise price as of March 31, 2013 was $27.49.
(11) The two option grants to Ms. Monika Ribar have exercise prices of CHF 14.68 and CHF 34.45. The U.S. dollar
exercise prices are based on the Swiss franc to U.S. dollar conversion rate on the trading day immediately
preceding the grant dates. The U.S. dollar exercise prices as of March 31, 2013 was $15.41 and $36.17.
Risk Assessment
At a company-wide level, Logitech’s internal audit function coordinates management’s risk assessment
process, which encompasses financial and operational risks, and reports to senior management and to the Audit
Committee of the Board of Directors. Material risks are assessed and discussed by the Board of Directors. Financial
risk assessment and management is integrated into the functions of the Company’s Treasury, Finance and Business
divisions operations, with oversight from the executive and treasury committees. Financial reporting risk is
addressed through the Company’s Corporate Accounting, Financial Reporting and SOX Compliance operations
and processes. Operational risk assessment and management is integrated into the functions of the Company’s
Business divisions, with support from specialized departments such as Quality, Supply Chain, Legal and Finance.
Material financial and financial reporting risks are reported to and reviewed with the Audit Committee and the
Board of Directors as appropriate, and material operational risks are reported to and reviewed with the Board
of Directors.
Note 16 — Other Disclosures Required by Swiss Law (Continued)
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