Logitech 2010 Annual Report Download - page 76

66
Listed below are key skills and experience that we currently consider important for our directors to have in
light of our current business and structure. We do not expect each director to possess every attribute. The directors’
biographies note each director’s relevant experience, qualifications, and skills relative to this list.
• Senior Leadership Experience. Directors who have served in senior leadership positions are important
to Logitech, because they bring experience and perspective in analyzing, shaping, and overseeing the
execution of important operational and policy issues at a senior level.
• Financial Expertise. Knowledge of financial markets, financing and funding operations, and accounting
and financial reporting processes is important because it assists our directors in understanding, advising,
and overseeing Logitech’s structure, financial reporting, and internal control of such activities.
• Industry and Technical Expertise. Because we develop and manufacture hardware and software
products, ship them worldwide, and sell to both major computer manufacturers and consumer electronics
distributors and retailers, expertise in hardware and software, and experience in supply chain,
manufacturing and consumer products is useful in understanding the opportunities and challenges of
our business and in providing insight and oversight of management.
• Brand Marketing Expertise. Because we are a consumer products company, directors who have brand
marketing experience can provide expertise and guidance as we seek to maintain and expand brand and
product awareness and a positive reputation.
• Global Expertise. Because we are a global organization with research and development, and sales and
other offices in many countries, directors with global expertise, particularly in Europe and Asia, can
provide a useful business and cultural perspective regarding many significant aspects of our business.
Identification and Evaluation of Nominees for Directors
Our Nominating Committee uses a variety of methods for identifying and evaluating nominees for director.
Our Nominating Committee regularly assesses the appropriate size and composition of the Board of Directors, the
needs of the Board of Directors and the respective committees of the Board of Directors and the qualifications of
candidates in light of these needs. Candidates may come to the attention of the Nominating Committee through
shareholders, management, current members of the Board of Directors or search firms. The evaluation of these
candidates may be based solely upon information provided to the committee or may also include discussions with
persons familiar with the candidate, an interview of the candidate or other actions the committee deems appropriate,
including the use of paid third parties to review candidates. Neil Hunt, one of the nominees for election to the Board
at the September 2010 Annual General Meeting, was identified as a potential nominee to the Board by a third party
executive search firm retained by the Company at the direction of the Nominating Committee.
TERMS OF OFFICE OF DIRECTORS
Each director is elected individually by a separate vote of shareholders for a term of three years and is eligible
for re-election until their seventieth birthday. Directors may not seek re-election after they have reached 70 years of
age, unless the Board of Directors adopts a resolution to the contrary. A member of the Board who reaches 70 years
of age during the term of his or her directorship may remain a director until the expiration of the term. A director’s
term of office as Chairman coincides with their term of office as a director. A director may be indefinitely re-
elected as Chairman, subject to the age limit mentioned above.
Although the Company’s Articles of Incorporation and Organizational Regulations do not explicitly require
this, the terms of office of the directors are staggered. Consequently, all directors will not run for re-election at a
single annual general meeting.