Kwok Wang Ng
About Kwok Wang Ng
Independent non-executive director of Logitech (since 2022), age 58, Swiss and Chinese national, and former CEO of SGS S.A. (2015–2024). He brings deep global operating experience across Europe, China, and the U.S.; holds a BA in Economics & Econometrics (University of Essex) and a Diploma in Engineering (Engineering School of Geneva). The Board determined he is independent under Nasdaq rules and Swiss best-practice standards. He currently chairs the Compensation Committee and the Nominating & Governance Committee.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| SGS S.A. | Chief Executive Officer | Mar 2015 – Mar 2024 | Led a globally operating Swiss-listed TIC company; prior EVP roles in Industrial Services and Consumer Testing Services |
| SGS U.S. Testing North America | Regional Managing Director | 2002 – 2005 | North America leadership for testing |
| Standard Technical Services (Consumer Products) | Division Manager | 1996 – 1998 | Consumer product operations |
| Sodeco S.A. | Quality Assurance Engineer | 1987 – 1989 | QA in metering/phone systems |
External Roles
| Organization | Role | Public/Private | Notes |
|---|---|---|---|
| Sika AG | Board Member | Public | Swiss specialty chemicals company |
Board Governance
- Independence: Board classifies Ng as independent.
- Committee leadership: Chair, Compensation Committee; Chair, Nominating & Governance Committee.
- FY2025 attendance: 7/7 Board; 5/5 Compensation; 3/3 Nominating & Governance (100% on all assigned committees and the Board).
- Board/Committee cadence (FY2025): Board met 7x; Audit 10x; Compensation 5x; Nominating & Governance 4x; Technology & Innovation 3x. Independent director executive sessions held quarterly; annual self-assessments performed.
- Role and remit highlights: Compensation Committee oversees executive and director pay, peer group, incentive design, and CD&A; N&G oversees board composition, succession, ESG oversight cadence, and conflict reviews.
Fixed Compensation
| Component | FY2025 Structure (Board-wide) | Ng’s FY2025 Amount (USD) | Ng’s FY2025 Amount (CHF) |
|---|---|---|---|
| Annual Board cash retainer | CHF 60,000 (≈$70,717) | Included in total below | Included in total below |
| Chair, Compensation Committee | +CHF 40,000 (≈$47,145) | Included in total below | Included in total below |
| Chair, Nominating & Governance | +CHF 15,000 (≈$17,679) | Included in total below | Included in total below |
| Fees earned in cash (actual) | — | $127,964 | CHF 108,571 |
| Other compensation (social security, etc.) | — | — | CHF 34,811 |
Notes: Director cash compensation is paid via annual retainers; no meeting fees. Non-executive directors receive an annual service-based RSU grant (fixed value).
Performance Compensation
| Equity / Metric | Grant details | Vesting | Value |
|---|---|---|---|
| Annual Director RSU | 2,736 RSUs granted on 9/4/2024 | 1-year vesting (or earlier at next AGM if not re-elected) | Stock awards (SEC grant-date FV): $232,082 (FY2025) |
| Performance metrics tied to director pay | None (director equity is service-based; no performance conditions) | — | — |
Other Directorships & Interlocks
| Company | Overlap/Interlock relevance |
|---|---|
| Sika AG (Board Member) | No Logitech-related interlock disclosed; no related-party transaction with Ng reported. |
Expertise & Qualifications
- Senior leadership and global operations expertise (former CEO of SGS; Europe/China/U.S. experience).
- Consumer product and industrial services domain knowledge; Swiss governance and investor-base experience.
- Education: BA Economics & Econometrics (University of Essex); Diploma in Engineering (Engineering School of Geneva).
- Board skills matrix: governance, international business, B2B; noted for M&A and sustainability focus among board-wide skills.
Equity Ownership
| Holding | Amount | Notes |
|---|---|---|
| Beneficial ownership (shares) | 8,124 | <1% of outstanding; as of June 30, 2025. |
| Unvested director RSUs | 2,736 | Market value $230,946 at 3/31/2025. |
| Options | None disclosed | — |
| Hedging/Pledging | Prohibited by company policy (short sales, derivatives, hedging, pledging). | |
| Director ownership guideline | 5x annual cash retainer; as of June 30, 2025, each non-employee director either satisfied or had time remaining to comply. |
Governance Assessment
- Strengths
- Independent director with 100% meeting attendance in FY2025 across Board and chaired committees.
- Chairs both Compensation and Nominating & Governance Committees; Compensation Committee independence and use of independent advisors (Compensia; PwC) affirmed.
- Strong pay governance under his committee: 100% PSUs for NEO annual LTI; double-trigger CIC equity only; clawback policy aligned with SEC/Nasdaq; prohibition on hedging/pledging; no tax gross-ups; no cash severance/CIC payments for NEOs.
- Shareholder engagement: Committee responded to feedback; maintained financial/ESG metrics; disclosed say-on-pay context and binding Swiss votes. 2024 say-on-pay: 79.90% support; FY2026 GMT max comp approval 81.66%; Board comp approval 94.93%.
- No related-party transactions >$120,000 since April 1, 2024; conflicts handled under Code of Conduct and Audit Committee oversight.
- Monitoring items
- One-time additional PSUs granted in 2023 to select executives during CEO transition (inventory turns/cash flow metrics) — acceptable as a transition tool, but repetition would warrant scrutiny.
- Say-on-pay support (79.90%) indicates room to further align structure/outcomes with investor preferences; continued engagement expected.
Certification signal: The Compensation Committee’s report is signed by “Kwok Wang Ng, Chairperson,” indicating accountability for the CD&A and compensation governance.
Director Compensation (FY2025 snapshot)
| Item | USD | CHF |
|---|---|---|
| Fees earned in cash | $127,964 | CHF 108,571 |
| Stock awards (grant-date FV) | $232,082 | CHF 196,910 |
| Other compensation (social security etc.) | — | CHF 34,811 |
| Total | $360,046 | CHF 340,292 |
Committee Assignments and Attendance (FY2025)
| Committee | Role | Meetings Held | Attendance |
|---|---|---|---|
| Board of Directors | Member | 7 | 7/7 |
| Compensation | Chair | 5 | 5/5 |
| Nominating & Governance | Chair | 4 | 3/3 after AGM appointment (100% post-AGM) |
Policies & Shareholder Signals (context for committee leadership)
- Clawback policy (effective Oct 2023) covering erroneously awarded incentive-based comp to Section 16 officers.
- No severance or CIC cash benefits for executives; equity has double-trigger CIC acceleration only.
- Ownership policies for directors and executives; compliance/time-window noted.
- Prohibition on hedging/pledging/short sales.
- Active shareholder outreach program, with committee-level involvement.
Other Directorships & Interlocks (Detail)
| Company | Sector | Role | Potential conflict noted |
|---|---|---|---|
| Sika AG | Specialty Chemicals | Board Member | None disclosed by Logitech (no related-party transactions). |
Summary Implications
- High governance quality indicators: independence, full attendance, robust compensation governance framework, and absence of related-party risks support investor confidence.
- As Compensation Chair, Ng is central to pay-for-performance alignment; continued monitoring of shareholder feedback (e.g., say-on-pay levels) and any use of special awards is prudent.