Logitech 2007 Annual Report Download - page 35

In fiscal year 2007, the Audit Committee met nine times, the Compensation Committee met three times, the
Board Compensation Committee met two times and the Nominating Committee met three times. Attendance
information for these meetings as well as for meetings of the Board of Directors was as follows:
Board of
Directors
Audit
Committee
Compensation
Committee
Board
Compensation
Committee
Nominating
Committee
Daniel Borel ................ 5 n/a n/a 2 3
Guerrino De Luca ........... 5 n/a n/a 2 n/a
Kee-Lock Chua ............. 5 9 n/a n/a 3
Matthew Bousquette ......... 5 n/a 3 n/a n/a
Gary Bengier ............... 5 9 n/a n/a 3
Monika Ribar ............... 5 9 3 n/a n/a
Shin’ichi Okamoto ........... 5 n/a 3 n/a n/a
Erh-Hsun Chang ............ 4 n/a n/a n/a n/a
Audit Committee
The Audit Committee is appointed by the Board to assist the Board in monitoring the Company’s financial
accounting, controls, planning and reporting. It is composed of only non-executive, independent Board members.
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 2007, the Audit Committee was composed of Mr. Bengier, Chairman, Mr. Chua, and
Ms. Ribar. The Board of Directors has determined that each member of the Audit Committee meets the
independence requirements of the Nasdaq Stock Market listing standards and the applicable rules and regulations
of the United States Securities and Exchange Commission (“SEC”). In addition, the Board has determined that
Mr. Bengier and Ms. Ribar are audit committee financial experts as defined by the applicable rules and
regulations of the SEC.
The Audit Committee met nine times in fiscal year 2007. Four meetings were held in person on the day
prior to the regularly scheduled quarterly Board meeting, for two to three hours, and five were held by telephone
before publication of the quarterly financial results and the annual report, for approximately an hour. All Audit
Committee members attended each meeting. The Committee received reports and presentations before the
meetings in order to allow them time to prepare adequately. At the Committee’s invitation, the Company’s Chief
Financial Officer and Corporate Controller attended each meeting, and representatives from the Company’s
external auditors attended eight meetings. In addition, the Company’s General Counsel participated in seven
meetings, the head of Internal Audit in four meetings, and the Vice President, Tax in one meeting. Two meetings
also included separate sessions with representatives of the external auditors, and five meetings included separate
sessions with senior managers.
CG-13
20-F
LISA