The Board of directors

In accordance with Mips’s Articles of Association, the Board of Directors shall consist of three to eight members. The Board of Directors currently consists of six members who were elected at the 2023 Annual General Meeting.

No member of the Board of Directors elected by the shareholders’ meeting is employed by Mips. All of the members elected by the shareholders´ meeting are considered to be independent of the company and its management and in relation to the company’s major shareholders. Thus, Mips meets the requirements of the Code regarding the independence of the Board in relation to the company, the senior management, and the company’s major shareholders.