Logitech 2015 Annual Report Download - page 161

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 Invitation,
Proxy Statement and Annual Report for the 2015 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 the 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, and audio and video communication over the Internet 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 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). The International Securities Identification Number
(ISIN) of our shares is CH0025751329. As of March 31, 2015, our market capitalization, based on
outstanding shares of 164,481,799, net of treasury shares, amounted to approximately $2.2 billion (CHF
2.1 billion). Refer to section 1.2 below for information on Logitech International S.A.’s holdings in its
shares as of March 31, 2015.
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., and Logitech Technology (Suzhou) Co., Ltd. For a list of Logitech
subsidiaries, refer to the table on pages 59 and 60. None of Logitech International S.A.’s subsidiaries
have securities listed on a stock exchange as of March 31, 2015.
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 for further information on
Logitech’s operational group structure.
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Annual Report Fiscal Year 2015