Logitech 2014 Annual Report Download - page 146

Current text Proposed Text Explanation
Statutory provisions relating to the
representations of shareholders by the
independent proxy are reserved.
Under the Ordinance
Against Excessive
Compensation by
Listed Companies
(“ECLCO”),
commonly referred
to as the “Minder
Ordinance”, which
entered into effect
on January 1, 2014,
only the independent
proxy appointed by
shareholders can
act in a capacity
as an institutional
representative of
shareholders at
general meeting.
The Company is
no longer allowed
to represent
shareholders at a
general meeting of
shareholders.
Article 12 [Unchanged]
Article 13
In the absence of any provision to the
contrary in the law or these Articles
of Incorporation, the general meeting
of shareholders shall make resolutions
and proceed to elections by an absolute
majority of the votes cast. In the event of
a tie vote, the vote of the chairman shall
decide.
[Unchanged]
As a general rule, voting and elections
shall be conducted by a show of hands;
however, a secret ballot shall be used
when the chairman so orders or when 25
shareholders present at the meeting shall
so request.
As a general rule, voting and elections
shall be conducted by a show of hands;
however, a secret ballot shall be used
when the chairman Chairman of the
General Meeting so orders or when 25
shareholders present at the meeting shall
so request. An electronic vote shall be
deemed a secret ballot.
Clarification
to reflect the
generalization of
electronic voting at
general meetings.
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