Irisity
Corporate Governance
The basis for corporate governance within Irisity is Swedish legislation and the NASDAQ First North Growth Market Rulebook.
The company has engaged Erik Penser Bankaktiebolag as Certified Advisor.
The company does not comply with the Swedish Code of Corporate Governance.
CEO and management
The CEO is subordinate to the Board and is primarily responsible for the Company’s ongoing management and day-to-day operations. The division of labor between the Board and the CEO is stated in the rules of procedure for the Board and the instructions for the CEO. The CEO is also responsible for drawing up reports and compiling information from management before board meetings and is the rapporteur for the material at board meetings.
According to the instructions for financial reporting, the CEO is responsible for keeping the Board informed of the development of Irisity’s operations, results and financial position, liquidity and credit situation, key business events and other relevant circumstances.
Marcus is an entrepreneur and investor. He has gained significant experience within technology, entrepreneurship, and venture capital. He has invested in several successful technology startups. Marcus is creative, visionary and persistent. He believes the formula for success in any organization lies in the combination of innovation and execution which requires the right cultural balance between freedom and responsibility. MSc. Chalmers University of Technology.
Employed since: 2017
CEO of Irisity since: 2017
Number of shares: 210 000
Itsik brings 20+ years in security technology ventures, of which 10+ years as CEO of Agent Vi, until its acquisition by Irisity in 2021. Throughout his career, he has been involved in bringing to market security technologies from inception to full commercialization and field deployment, across a variety of international markets. Itsik focuses on scaling organizations and processes to support international expansion and believes in placing customer satisfaction at the top of the organization’s priority list. Itsik holds a BA in computer sciences and an MBA from the Israeli College of Management.
Employed since: 2008
COO at Irisity since: 2021
Number of shares: 741 255
AJ is an accomplished and innovative senior executive with proven critical thinking and leadership skills across multiple high-tech industries. His early career in product development is complemented by 20+ years of sales and business development roles leading organizations through sales transformation. He brings a record of outstanding revenue performance with both private and public high-tech companies. AJ holds degrees in both Mathematics and Electrical Engineering from Virginia Tech.
Employed since: 2013
CRO at Irisity since: 2021
Number of shares: 29 039
Victor is an innovative technology enthusiast and leader, focusing on productivity and user experience. He is a strong believer in agile methodologies and that great teamwork and constant improvement drive results and excellence. Victor has delivered performant cloud-based solutions for many years, always with a strategic focus to maximize value for the business long-term. Focusing and doing a few, meaningful, things really well is core to Victor’s philosophy of what drives success. MSc. Chalmers University of Technology.
Employed since: 2010
VP Products at Irisity since: 2021
Number of shares: 58 249
With more than 10+ years of experience in the economy sector, Anna brings valuable insights of finance within tech companies to the Irisity management team. As a long-term employee of Irisity Anna is well-rehearsed within the company’s finances and daily business operations. Anna has an analytic mindset with a structured work ethic that focuses on increasing value and creating effective processes in growth companies. Anna holds an MBA from Örebro university.
Employed since: 2019
act CFO of Irisity since: 2022
Number of shares: 0
Prior to its acquisition by Irisity, Zvika co-founded Agent Vi and served as its CTO. Zvika is a seasoned technology leader and brings decades-long experience in designing and successfully bringing to market complex software products. He has extensive know-how in cloud, AI, edge computing, and networking technologies. Zvika holds a MSc in Electronics Engineering from the Technion – Israel Institute of Technology.
Employed since: 2003
CTO of Irisity since: 2021
Number of shares: 366 940
Johan is a well-recognized senior-level professional, with an impressive track record of constantly delivering results. He is passionate about transforming industries through new business models, rapid innovation, and digitalization. Johan brings over 15 years of management and international large account experience, previously holding positions including Managing Director for Unilabs Sweden, Vice President at Tieto, and various positions at Philips Healthcare. He holds an Executive MBA from the University of Stockholm.
Employed since: 2022
CGO at Irisity since: 2022
Number of shares: 10 000
Board of Directors
All members of the Board of Directors are to be regarded as independent in relation to Irisity, its executive management, and its largest shareholders.
Lennart Svantesson is CEO at NAXS AB which is a public company listed on Nasdaq Stockholm. Current external directorships: Vauni AB (chair), ENTEA AB (director), Muntra AB, Albrektsund Förvaltningsbolag (chair), Chalmers Innovation Sead Fund, Investment Committee (director) Examples of previous directorships of public listed companies: Scribona AB, Bure Equity AB, Sintercast AB, Nolato AB. Examples of other previous directorships: Essex AB (chair). Carl Bro A/S(chair). Mercuri International AB (chair). Nimbus Boats AB (chair). Citat AB (chair), Cygate AB (chair), Systeam AB (chair), Vehco AB (chair), Icomera AB (chair), Chalmers Innovation (chair) Berg Propulsion AB (director). Lennart has previously been CEO in the public companies Scribona AB and Bure Equity AB and CEO in several companies such as Fundo Aluminim AB, Arthur.d Little Scandinavia AB och Nimbus Boats AB. Lennart has also held the position as SVP at Volvo Cars AB.
Member of Irisity’s Board of Directors since: 2017
Total shares: 80 204
Current external directorships in Halon.io. He is commercial director Europe/International for Brooklyn Gin. Examples of previous positions: Years of experience within sales and marketing from Tele2 Group and Argogroup (now part of Ascom).
Member of Irisity’s Board of Directors since: 2019
Total shares: 4 399
Rom Mendel is an experienced executive and leader from international MedTech, Life science and technology companies. Previous positions include Managing Director at Cochlear Bone Anchored Solutions and President of Cochlear Acoustic, CMO at Ascom and Chairman of the Board at Duearity AB. Rom has solid experience of building strong growth companies and will contribute with business experience, financial expertise and technical know-how in the board work.
Member of Irisity’s Board of Directors since: 2022
Total shares: 3 050
Anna is CFO at Surgical Science Sweden AB, a life science/software company listed at Nasdaq First North Growth Market. She has been working mainly within the life science sector for over 15 years, with companies like Vitrolife and Q-Med, as both CFO and Director of Investor Relations, and has extensive knowledge about international growth companies and the requirements set upon listed companies.
Anna has an MBA from the School of Business, Economics and Law at the University of Gothenburg.
Member of Irisity’s Board of Directors since: 2021
Total shares: 1 500
Nils Malmros is CEO at DevPort AB which is a public company listed on Nasdaq First North Premier Growth Market. Example of current external directorships: MalmrosStrömshaga AB (chair), Fridhem-Johannedal Samfällighetsförening (chair), Srenity Solutions AB (director), Voz Technologies AB (director), Malmlok Fastighets AB (director). Example of previous external directorships: Lindholmen Science Park AB (director), DevPort AB (director), FABS AB (director), Alingsåshem AB (director), Alingsås Energi (director). Nils has previously been Business Area Manager within ÅF/Affry, CEO in Epsilon IT Väst AB, CEO in Epsilon Embedded Systems AB, CEO in Frontpartner Svenska AB. Also years of experience within sales and marketing from Teleca and AU-System.
Member of Irisity’s Board of Directors since: 2021
Total shares: 23 000
Dorian Barak is an investor and fund manager with over two decades of private equity, consulting and legal experience. He has a long track record of creating and unlocking value in dozens of investments and exits across the Middle East, China, and Europe. Dorian Barak is educated at Yale (JD) and UCLA (BA) (US) as well as Oxford (MA) (Great Britain). Previous experience includes positions such as management consultant at The Boston Consulting Group and as a corporate attorney at the Skadden Arps law firm in New York. Current and previous board positions (partial): Cipia Vision, Agent Vi, Nowforce, Reorient Group, Omnitas Aviation, KuangChi Science, Frontier Services Group, Zwipe, Alufer Mining.
Member of Irisity’s Board of Directors since: 2021
Nomination Committee
Nomination Committee for Annual General Meeting 2022. The Nomination Committee shall propose chairman of the Annual General Meeting, number of Board members, remuneration to the Board, the election of Board members, an election of auditors, fees to the auditors, and how the Nomination Committee shall be appointed. The Nomination Committee shall consist of three to five persons.
The chair of the board shall on basis of the shareholder register of 30th of September 2021 convene representatives of the company’s five largest shareholders, which subsequently constitute the company’s nomination committee. In case of that, only two of the five largest shareholders are at the disposal of the nomination committee, the next owner shall be asked in the order of magnitude until at least three members are reached. The representative of the company’s largest owner shall be the chairman of the nomination committee.
The composition of the Nomination Committee with the name, telephone number, and e-mail address is published on the company’s website on November 30, 2021.
The Nomination Committee for the Annual General Meeting 2022 consisted of:
Ulf Runmarker
Phone: 0708-525130
Email:ulf@runmarker.se
Håkan Krook
Phone: 0708-990461
Email: hakan@chalmersventures.com
Erik Sprinchorn
Phone: 0738-145888
Email: erik.sprinchorn@tinfonder.se
Auditors
The auditor shall review the Company’s annual accounts and accounts, as well as the Board and CEO’s management. After each financial year, the auditor shall submit an auditor’s report to the AGM. Under the Company’s Articles of Association, the Company shall have no more than two auditors and no more than two deputy auditors.
Irisity’s auditor is Ernst and Young AB with authorized auditor Thomas Nilsson, born 1962, as the chief accountant auditor.
Ernst and Young AB and Thomas Nilsson are members of FAR SRS.
Certified Adviser
Irisity has entered into an agreement with Erik Penser Bankaktiebolag in its capacity as an approved adviser, known as Certified Adviser.
Erik Penser Bankaktiebolag is responsible as Certified Adviser in order for the Company to comply initially and continuously with First North’s regulatory framework.
Erik Penser Bank offers companies listed on the First North service as Certified Adviser. Unlike the regulated market, each company on First North has a so-called Certified Adviser, “CA” that ensures that companies meet the requirements and rules that exist.
Read more about Erik Penser Bankaktiebolag at www.penser.se.
Certified Adviser: Erik Penser Bank AB
Phone: +46 8-463 83 00
Email: certifiedadviser@penser.se