Logitech 2015 Annual Report Download - page 29
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Agenda Proposals and Explanations
19 | – Proxy Statement
2015 Annual General Meeting Invitation, Proxy Statement
Proposal 4
Release of the Board of Directors and Executive Officers from Liability for
Activities during Fiscal Year 2015
Proposal
The Board of Directors proposes that shareholders release
the members of the Board of Directors and Executive
Officers from liability for activities during fiscal year 2015.
Explanation
As is customary for Swiss corporations and in accordance
with Article 698, subsection 2, item 5 of the Swiss Code
of Obligations, shareholders are requested to release
the members of the Board of Directors and the Executive
Officers from liability for their activities during fiscal year
2015 that have been disclosed to shareholders. This
release from liability exempts members of the Board
of Directors or Executive Officers from liability claims
brought by the Company or its shareholders on behalf
of the Company against any of them for activities carried
out during fiscal year 2015 relating to facts that have been
disclosed to shareholders. Shareholders that do not vote
in favor of the proposal, or acquire their shares after the
vote without knowledge of the approval of this resolution,
are not bound by the result for a period ending six months
after the vote.
Voting Requirement to Approve Proposal
The affirmative “FOR” vote of a majority of the votes cast
in person or by proxy at the Annual General Meeting,
not counting abstentions and not counting the votes of
any member of the Board of Directors or of any Logitech
executive officers.
Recommendation
The Board of Directors recommends a vote “FOR” the
proposal to release the members of the Board of Directors
and Executive Officers from liability for activities during
fiscal year 2015.