Logitech 2014 Annual Report Download - page 151

Current text Proposed Text Explanation
Article 18 ter
[No corresponding provision] No member of the Management
Team may assume more than five (5)
mandates in supreme management
or supervisory bodies of legal entities
outside the Logitech group, of which
no more than two (2) may be in listed
companies. In addition, Members of
the Management Team may assume up
to five (5) non-remunerated mandates
in the governing bodies of charitable
or similar organizations. Any such
mandate shall require the approval of
the Board of Directors.
This restriction does not include
mandates:
a) for companies controlled by the
Company or that control the Company;
b) that a member of the Management
Team assumes at the request of the
Company or of a company controlled
by it; and
c) for companies that are not
required to be registered in the
commercial registry in Switzerland
or in an equivalent registry outside of
Switzerland.
ECLCO requires
that the Articles
of Incorporation
specify the
maximum number
of mandates that
Executive Officers
can assume outside
the group formed by
the company and its
subsidiaries.
Mandates for legal entities under
common control are counted as one
single mandate for the purpose of this
Article 18 ter.
C. AUDITORS D. AUDITORS
Article 19
The general meeting of shareholders
shall appoint one or several auditors
as statutory auditors. It may appoint
substitute auditors.
[Unchanged]
ENglISH
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