Logitech 2011 Annual Report Download - page 89

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The year of appointment and remaining term of office as of March 31, 2011 for each Director are as follows:
Name Year First Appointed Year Current Term Expires
Daniel Borel(1) .................................. 1988 Annual General Meeting 2013
Matthew Bousquette(1) (3) ......................... 2005 Annual General Meeting 2011
Erh-Hsun Chang(1) .............................. 2006 Annual General Meeting 2012
Kee-Lock Chua(1) ............................... 2000 Annual General Meeting 2012
Sally Davis(1) ................................... 2007 Annual General Meeting 2013
Guerrino De Luca(2) ............................. 1998 Annual General Meeting 2013
Neil Hunt(1) .................................... 2010 Annual General Meeting 2013
Richard Laube(1) (3) .............................. 2008 Annual General Meeting 2011
Gerald Quindlen(2) (4) ............................ 2008 Annual General Meeting 2011
Monika Ribar(1) ................................. 2004 Annual General Meeting 2013
(1) Non-executive member of the Board of Directors.
(2) Executive member of the Board of Directors.
(3) The term of each of Mr. Bousquette and Mr. Laube expires at the 2011 Annual General Meeting, and each is
being presented for re-election to the Board of Directors at that meeting.
(4) Mr. Quindlen resigned from the Board on July 27, 2011. He was an executive member of the Board of Directors
until his resignation.
BOARD RESPONSIBILITIES AND STRUCTURE
The Board of Directors is responsible for supervising the management of the business and affairs of the
Company. In addition to the non-transferable powers and duties of boards of directors under Swiss law, the Logitech
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;
• the approval of any expenditure of more than $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.
The Board of Directors has delegated the management of the Company to the Chief Executive Officer and
the executive officers, except where Swiss law or the Company’s Articles of Incorporation or Organizational
Regulations (By-Laws) provide differently.
Board Leadership Structure
The Board has since 1997 had a general practice that the positions of Chairman of the Board and CEO should
be held by separate persons as an aid in the Board’s oversight of management. Since 1997, the Chairman has been
a former CEO of the Company and has served as a full-time senior executive. Logitech believes that there are
advantages to having a former CEO as Chairman, for matters such as leadership continuity; day-to-day assistance
to and oversight of the CEO and other executive officers; and facilitating communications and relations between
the Board, the CEO, and other senior management.
Mr. De Luca, the Company’s former CEO and current Chairman, has served in that role since January 2008.
On July 27, 2011, Mr. De Luca assumed the role of acting President and Chief Executive Officer, in addition to
continuing his duties as Chairman, at the request of the Board of Directors until such time as the Board appoints a
new President and Chief Executive Officer. The Board considers the holding of both the Chairman and CEO offices
by Mr. De Luca as a temporary arrangement, and intends to return to its general practice of the positions being held
by separate persons upon the appointment of a new CEO.