Logitech 2006 Annual Report Download - page 47

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• the approval of any type of investment or acquisition not included in the approved budgets;
• the approval of any expenditure of more than US$10 million not specifically identified in the approved
budgets; and
• the approval of the sale or acquisition, including related borrowings of the Company’s real estate.
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:
• Regular meetings of the full Board of Directors and its Committees where Executive Officers, at the
invitation of the Board, report on the financial results of Logitech, its operations, performance and
outlook, and on areas of the business within their responsibility, including risk management and the
Management Information Systems (MIS), as well as other business matters;
• Regular meetings of the non-executive members of the Board of Directors, where Logitech issues are
discussed without the presence of executive members of the Board or Executive Officers;
• Regularly scheduled reviews of Logitech strategic and operational issues, including discussions of
issues placed on the agenda by the non-executive members of the Board of Directors;
• The Board of Directors reviewing and approving significant changes in Logitech’s structure and
organization and active involvement in significant transactions, including acquisitions, divestitures and
major investments;
• Board members, at their request, having access to all internal Logitech information; and
• The Internal Audit function, reporting to the Audit Committee, which is responsible for evaluating and
monitoring the effectiveness of Logitech’s internal controls and governance processes.
4. Senior Management
4.1 Members of the Senior Management
The members of the senior management (“Executive Officers”) of Logitech as of March 31, 2006 were as
follows:
Name Age Nationality Position
DanielBorel ............. 56 Swiss Chairman of the Board
Guerrino De Luca ......... 53 Italian President and Chief Executive Officer, Director
Erh-HsunChang .......... 56 Taiwanese Sr.VicePresident, Worldwide Operations and General
Manager, Far East
DavidHenry ............. 49 U.S. Sr.VicePresident, Control Devices
JunienLabrousse.......... 48 French Sr.VicePresident, Entertainment and Communications
Kristen Onken ............ 56 U.S. Sr.VicePresident, Finance, and Chief Financial Officer
Gerald Quindlen .......... 46 U.S. Sr.VicePresident, Worldwide Sales and Marketing
RobertWick ............. 43 U.S. Sr.VicePresident, Strategy
Daniel Borel. Refer to section 3.1 above.
Erh-Hsun Chang. Refer to section 3.1 above.
Guerrino De Luca. Refer to section 3.1 above.
CG-15
20-F
LISA