Logitech 2006 Annual Report Download - page 45

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In fiscal year 2006, the Audit Committee met 9 times, the Compensation Committee met once, the Board
Compensation Committee met twice and the Nominating Committee met twice. Attendance information at these
meetings was as follows:
Board of
Directors
Audit
Committee
Compensation
Committee
Board
Compensation
Committee
Nominating
Committee
DanielBorel................ 5 n/a n/a 2 2
Guerrino De Luca ........... 5 n/a n/a 2 n/a
FrankGill.................. 3 7 — n/a 1
Kee-LockChua ............. 5 9 n/a n/a n/a
Matthew Bousquette ......... 3 n/a 1 n/a n/a
GaryBengier ............... 5 9 n/a n/a 2
MonikaRibar ............... 5 9 n/a n/a n/a
Shin’ichi Okamoto ........... 5 n/a 1 n/a n/a
Audit Committee
The Audit Committee assists the Board in monitoring the Company’s financial accounting, controls,
planning and reporting. Among its duties, the Audit Committee:
• reviews the adequacy of the Company’s internal controls;
• reviews the independence, fee arrangements, audit scope, and performance of the Company’s
independent auditors, and recommends the appointment or replacement of independent auditors to the
Board of Directors;
• reviews and approves all non-audit work to be performed by the independent auditors;
• reviews the scope of Logitech’s internal auditing and the adequacy of the organizational structure and
qualifications of the internal auditing staff;
• reviews, before release, the quarterly results and interim financial data; and
• reviews, before release, the audited financial statements and “Operating and Financial Review and
Prospects” contained in the Company’s Annual Report on Form 20-F, and recommends that the Board
of Directors submit these items to the shareholders’ meeting for approval.
In fiscal year 2006, the Audit Committee was composed of Gary Bengier, Chairman, Frank Gill, Kee-Lock
Chua, and Monika Ribar. The Board of Directors has determined that each member of the Audit Committee
meets the independence requirements of the Nasdaq National Market listing standards and the applicable rules
and regulations of the SEC. In addition, the Board has determined that Gary Bengier, Frank Gill and Monika
Ribar are audit committee financial experts as defined by the applicable rules and regulations of the SEC.
Compensation Committee
The Compensation Committee reviews and recommends to the Board for approval the compensation of
Executive Officers and Logitech’s compensation policies and programs, including share option programs and
other incentive-based compensation. Within the guidelines established by the Board and the limits set out in the
1996 Stock Plan, the Compensation Committee also has the authority to grant options to employees other than
the Chief Executive Officer without further Board approval.
In fiscal year 2006, the Compensation Committee consisted of Frank Gill, Chairman, Matthew Bousquette
and Shin’ichi Okamoto who each meet the independence requirements of the Nasdaq National Market listing
standards. In addition to its regular meetings, each month the Committee considers for approval option grants to
the Company’s employees by written consent.
Refer to section 5.1 for information on the Compensation Committee’s criteria and process for evaluating
executive compensation.
CG-13
20-F
LISA