Logitech 2004 Annual Report Download - page 29

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• informing the appropriate authorities in the event of insolvency of the Company; and
• making resolutions regarding the payment of non fully paid-in shares.
The Board of Directors also has the following responsibilities:
• the signatory power of its members;
• the approval of the budget submitted by the Chief Executive Officer;
• the approval of any type of investment or acquisition not included in the approved budgets; and
• the approval of any expenditure of more than US$10 million not specifically identified in the approved
budgets.
Refer to section 3.5 above for an outline of the powers and responsibilities of Logitech’s Chief Executive
Officer.
3.7 Supervision and Control Instruments
The Board of Directors monitors the responsibility of the Executive Officers using the following methods:
• Internal Audit, reporting to the Audit Committee; and
• Executive Officers, at the invitation of the Board, attend Board meetings to report on areas of the
business within their responsibility, including risk management and the Management Information
System (MIS), as well as other business matters.
4. Senior Management
4.1 Members of the Senior Management
The members of the senior management (“Executive Officers”) of Logitech as of March 31, 2004 were as
follows:
Name Age Nationality Position
DanielBorel................ 54 Swiss Chairman of the Board
Guerrino De Luca ........... 51 Italian President and Chief Executive Officer, Director
Erh-HsunChang ............ 54 Taiwanese Sr.VicePresident, Worldwide Operations and
General Manager, Far East
WolfgangHausen ........... 61 U.S. President and Chief Executive Officer, 3Dconnexion
DavidHenry................ 47 U.S. Sr.VicePresident, Control Devices
JunienLabrousse ............ 46 French Sr.VicePresident, Video
Kristen Onken .............. 54 U.S. Sr.VicePresident, Finance, and Chief Financial Officer
Marcel Stolk ............... 36 Dutch Sr.VicePresident, Worldwide Sales and Marketing
RobertWick................ 41 U.S. Sr.VicePresident, Audio and Interactive Entertainment
Daniel Borel. Refer to section 3.1 above.
Guerrino De Luca. Refer to section 3.1 above.
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