Logitech 2012 Annual Report Download - page 209

REPORT ON CORPORATE GOVERNANCE
Logitech believes that sound corporate governance practices are essential to an open and responsible
corporation. Our corporate governance practices reflect a continuing commitment to corporate accountability,
sound judgment, and transparency to shareholders.
As a company whose securities are listed on both the SIX Swiss Exchange and the Nasdaq Global Select Market,
our commitment to sound corporate governance principles is guided by the legal and regulatory requirements of both
Switzerland and the United States. In addition, Logitech’s internal guidelines regarding corporate governance are
provided in our Articles of Incorporation, Organizational Regulations (Bylaws), and Board Committee Charters.
This Report has been designed to comply with the Corporate Governance Directive of the SIX Swiss Exchange.
Portions of the Report are also incorporated by reference from elsewhere in our Annual Report, Invitation and
Proxy Statement for our 2012 Annual General Meeting, of which this Report is a part.
1. Group Structure and Shareholders
1.1 Operational Group Structure
Logitech is a world leader in products that connect people to digital experiences they care about. Spanning
multiple computing, communication and entertainment platforms, we develop and market innovative hardware
and software products that enable or enhance digital navigation, music and video entertainment, gaming, social
networking, audio and video communication over the Internet, video security and home-entertainment control.
Logitech was founded in Switzerland in 1981, and Logitech International S.A. has been the parent holding
company of Logitech since 1988. Logitech International S.A. is a Swiss holding company with its registered office
in Apples, Switzerland, which conducts its business through subsidiaries in the Americas (including North and
South America), EMEA (Europe, Middle East, Africa) and Asia Pacific (including, among other countries, China,
Taiwan, Japan, India and Australia). Shares of Logitech International S.A. are listed on both the Nasdaq Global
Select Market (Ticker: LOGI, CUSIP H50430232), and the SIX Swiss Exchange (Ticker: LOGN; security number:
257513), and Logitech has a “second trading line” with the SIX Swiss Exchange (Ticker: LOGNE; security number
14070037) as a component of its stock repurchase program. The International Securities Identification Number
(ISIN) of our shares is CH0025751329. As of March 31, 2012, our market capitalization, based on outstanding
shares of 164,433,281, net of treasury shares, amounted to approximately $1.2 billion (CHF 1.0 billion). Refer to
section 1.2 below for information on Logitech International S.A.’s holdings in its shares as of March 31, 2012.
References in this Report on Corporate Governance to the “Company” refers to Logitech International
S.A. References to “Logitech,” “we,” “our,” and “us” refer to Logitech International S.A. and its consolidated
subsidiaries.
Logitech International S.A. directly or indirectly owns 100% of all the companies in the Logitech group,
through which it carries on its business and operations. Principal operating subsidiaries include: Logitech Inc.,
Logitech Europe S.A., Logitech (Intrigue) Inc. and Logitech Technology (Suzhou) Co., Ltd. For a list of Logitech
subsidiaries, refer to the table on pages 211 and 212. None of Logitech International S.A.’s subsidiaries have
securities listed on a stock exchange as of March 31, 2012.
Please refer to Management’s Discussion and Analysis of Financial Condition and Results of Operations
under the heading “Overview of our Company” in our Annual Report, Invitation and Proxy Statement for further
information on Logitech’s operational group structure.
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