The objective of corporate governance is to ensure that the Mycronic Group is managed as efficiently as possible in order to create shareholder value. This is achieved through a clear division of responsibilities between the Annual General Meeting, the Board and the Executive management, as well as through clear regulations and transparent processes.

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Framework for corporate governance

Corporate governance is based on external governing instruments such as the Swedish Companies Act, the Annual Accounts Act, Nasdaq Nordic’s Main Market Rule Book and the Swedish Code of Corporate Governance (the Code), as well as internal governance systems. In 2022, Mycronic complied with the Code in all respects.

The vision, mission, values and Code of Conduct form the basis for internal governance systems. Internal regulations include the Articles of Association, the rules of procedure for the Board of Directors, the Board policy for the CEO and several other policy documents that are updated annually. Examples of steering documents include the Code of Conduct, financial policy and approval and signing policy.

More information on corporate governance and the Code is available at


A report on corporate governance is included in Mycronic's annual report. There is also an archive of Mycronic's corporate governance reports on the website. 

Archive of all reports

Annual General

Meeting 2023

Mycronics Annual General Meeting is held on Tuesday, May 9, 2023, at 5:00 p.m. at the company’s premises at Nytorpsvägen 9 in Täby. 

Requests from shareholders shall be received no later than seven weeks before the Annual General Meeting, or at least in such time that the matter, if necessary, can be included in the Notice to the Annual General Meeting.

Annual general meeting 2023
Notice to Annual general meeting 2023
Digital registration for the general meeting
Postal voting form
Digital voting form
Remuneration report 2022
Proposal on establishment of Nomination committee
Nomination committee’s statement
The board of directors’ statement on dividend and repurchase of own shares
Proxy form

The Annual General Meeting (AGM)

The AGM is the company’s highest decision-making body. All shareholders have the right to participate in the AGM and to exercise their voting rights relative to their shareholdings. Rules regarding the AGM can be found in the Swedish Companies Act and the Articles of Association. Notice to attend the AGM shall be made four to six weeks prior to the meeting through an announcement in Post- och Inrikes Tidningar and in a press release published on the company website. Issuance of the notice shall be announced in Svenska Dagbladet. Shareholders who wish to participate in the Meeting must submit an application in accordance with information in the official notification.

Articles of association

Articles of association
Archive of earlier AGM's documents



The Nomination Committee represents the shareholders. Its task, ahead of the AGM, is to produce proposals regarding election of the chair of the meeting; decisions on the number of Board members; election of and decisions on fees to Board members, the Chairman of the Board and auditor; election of and decisions on fees to members pertaining to other special committees or councils that the AGM may resolve on appointing; and proposals for principles on appointing a Nomination Committee for resolution by the AGM.

In accordance with the resolution by the AGM, the Nomination Committee consists of four persons: representatives from the three largest known owners as of August 31 and the Chairman of the Board. The composition of the Nomination Committee is published at the latest six months prior to the AGM. The Nomination Committee’s proposals are presented in the Notice of the AGM and on Mycronic’s website.

The annual evaluation of the Board’s work is presented to the Nomination Committee and is the basis for its work in proposing Board members. The Nomination Committee bases its work on the requirements of the Swedish Companies Act and the Code, as well as company-specific requirements. In its work, the Nomination Committee applies section 4.1 of the Code as the diversity policy. The intention is to have an appropriate Board composition, which shall be characterized by versatility and breadth including age, gender, education, background and experience. Additional information is available in the Nomination Committee’s reasoned statement regarding its proposal to the 2023 AGM.

The Nomination Committee for the 2023 AGM consists of Henrik Blomquist (Bure Equity), Patrik Jönsson (SEB Funds), Thomas Ehlin (Fourth Swedish National Pension Fund) and Patrik Tigerschiöld (Chairman of the Board).

Recommendations to the Nomination Committee

Shareholders who would like to make recommendations to the Nomination Committee should do so in writing to:

Mycronic AB
Nomination Committee
Ann Borgström
Box 3141
183 03 Täby

The Audit


The Audit Committee is appointed by the Board and consists of three Board members. The Committee is tasked with ensuring the quality of financial reporting, monitoring the effectiveness of the internal control including risk management with respect to financial reporting, as well as evaluating performed internal audit work . This comprises reviews of significant accounting and valuation issues. The Audit Committee evaluates the external auditing and assists the Nomination Committee with proposals for the election of the auditor. Employees do not participate during parts of certain meetings between the Audit Committee and the external auditor.

Since the 2022 AGM, the Audit Committee has consisted of Anna Belfrage (Chairman), Katarina Bonde and Staffan Dahlström. In 2022, the Audit Committee held five meetings.



The Remuneration Committee is appointed by the Board and consists of three Board members. The Committee is tasked with proposing the CEO’s salary, other remuneration and terms of employment. The Committee also proposes guidelines for remuneration and terms of employment for other members of the executive management and proposals for incentive programs. The Remuneration Committee shall ensures that established guidelines for remuneration to members of the executive management are complied with.

Since the 2022 AGM, the Remuneration Committee has consisted of Patrik Tigerschiöld (Chairman), Arun Bansal and Robert Larsson. The Remuneration Committee held three meetings in 2022.

Board of


Shareholding in Mycronic as per 31 March, 2023.

For current information on transactions, please visit Sweden's financial supervisory authority's website

Patrik Tigerschiöld

Chairman of the Board since 2012 and Board member since 2009

Born 1964
Dependent Board member

Education MSc Business and Economics

Other Board assignments Chairman of the Board of Bure Equity AB, ACQ Bure AB, Cavotec SA and the Center for Business and Policy Studies (SNS). Board member of Ovzon AB and member of the Royal Academy of Engineering Sciences.

Previous positions CEO of Bure Equity AB 2010–2013, CEO of Skanditek Industriförvaltning 1999–2010, and CEO of SEB Allemansfonder AB 1995–1999.

Committee in Mycronic Chairman of the Remuneration Committee.

Shareholding in Mycronic 235,170

Arun Bansal

Board member since 2020

Born 1968
Independent Board member
CEO of Adani Airports Holdings Limited

Education Bachelor of Engineering (Electronics) from University of Jiwaji, India. Postgraduate Diploma in Marketing from Indira Gandhi National Open University, India

Previous positions Deputy CEO & President of Europe and Latin America and senior international positions at Ericsson since 1995.

Committee in Mycronic Member of the Remuneration Committee.

Shareholding in Mycronic 0

Anna Belfrage

Board member since 2018

Born 1962
Independent Board member

Education MSc Business and Economics

Other Board assignments Board Member of NOTE AB, Isofol Medical AB, Ellevio AB, Cint AB, Elopak ASA and Sveaskog AB.

Previous positions CFO Södra Skogsägarna ekonomisk förening 2017–2019, Acting CEO Beijer Electronics Group 2014–2015, CFO Beijer Electronics Group 2011–2014, CFO ABS Group (a division of the Cardo Group) 2004–2010, various roles and positions at Dresser Wayne AB, Obducat AB, Åkerlund & Rausing AB, and auditor at Price Waterhouse 1986–1994.

Committee in Mycronic Chairman of the Audit Committee.

Shareholding in Mycronic 0

Katarina Bonde

Board member since 2010

Born 1958
Independent Board member
President of Kubi LLC

Education MSc Engineering Physics

Other Board assignments 
Chairman of the Board of Mentimeter AB, Nepa AB, Flatfrog Laboratories AB and Stratsys AB. Board Member of ACQ Bure AB and Stillfront Group AB.

Previous positions CEO of UniSite Software Inc 2000–2003, CEO of Captura
International 1997–2000, Marketing Director Dun & Bradstreet Software Inc
1996–1997, Vice President at Timeline Inc 1994–1995, and CEO of Programator Industri AB 1989–1992.

Committee in Mycronic Member of the Audit Committee.

Shareholding in
Mycronic 2,000

Staffan Dahlström

Board member since 2019

Born 1967
Independent Board member
CEO of HMS Networks AB (publ) since 2009

Education Data Engineer, MBA

Other Board assignments Board Member of Clavister AB.

Previous positions Co-founder HMS Networks since 1989.

Committee in Mycronic Member of the Audit Committee.

Shareholding in Mycronic 15,000

Robert Larsson

Board member since 2018

Born 1967
Independent Board member
EVP and Head of Industrial & Digital Solutions at AFRY AB

Education MSc, Mechanical Engineering

Previous positions A number of senior positions in ABB in Sweden, China and Switzerland.

Committee in Mycronic Member of the Remuneration Committee.

Shareholding in Mycronic 3,000

Bo Risberg

Board member since 2022

Born 1956
Independent Board member
Industrial advisor to EQT

Education BSc Mechanical Engineering, Queen’s University, Canada and MBA, IMD, Switzerland

Other Board assignments Chairman of the Board of Kelvin Holdco A/S and Board member of Stäubli International AG.

Previous positions 14 years at Hilti Corporation, of which 6 years as COO and 7 years as CEO. In addition, 14 years’ experience from various roles within ABB.

Committee in Mycronic

Shareholding in Mycronic 10,000

Jörgen Lundberg

Board Member since 2019. Employee representative appointed by Akademikerna

Born 1964
Director, Development Center Pattern Generators – Product Strategy & Development

Education MSc Mechanical Engineering

Shareholding in Mycronic 0

Sahar Raouf

Board member since 2022.
Employee representative appointed by Unionen

Born 1979
Senior software developer

Education BSc mathematics and computer engineering

Shareholding in Mycronic 0

Shareholding in Mycronic as per 31 March, 2023.

The Board of Directors (the Board) has overall responsibility for the company’s organization and management. The Board monitors operations, ensures a suitable organization, and establishes guidelines for internal control. The Board establishes strategies and goals and makes decisions on major investments. The CEO is appointed by the Board and is responsible for ongoing administration.

The responsibilities of the Board are governed by the Swedish Companies Act and in the rules of procedure. Division of labor between the Board and the CEO is established through written instructions.

The Board consists of seven members appointed by the AGM, and two employee representatives appointed by Unionen and Akademikerna.

Chairman of the board

The Chairman is appointed by the AGM and leads the work of the board and also represents the company on ownership issues. At the 2023 AGM, Patrik Tigerschiöld was elected to the position of chairman. 


Patrik Tigerschiöld is regarded as a non-independent board member relative to the company's largest shareholder. Other members of Mycronic's board are regarded as independent relative to both the company and its largest shareholders. 


The Chairman and the members of the Board are remunerated according to the Annual General Meeting decision. Members of the Board that are appointed by the unions do not receive remuneration. No fees are paid to the Boards of the subsidiaries.


The AGM elects the company's auditors. At the 2023 AGM, the auditing company Ernst & Young AB was re-elected as auditor for the period up until the 2024 AGM. Authorized Public Accountant Anna Svanberg is the senior auditor. On behalf of shareholders, the auditor is tasked with reviewing Mycronic's annual report and accounting, as well as the board's and CEO's administration.

The senior auditor submits an audit report to the AGM, an opinion on the Remuneration to the Board of Directors and executive management, as well as an opinion on the statutory sustainability statement. 

The 2023 AGM decided that the fee for the company's auditors, for the period up to the next AGM, would be paid in accordance with current invoicing.

In addition to auditing, auditors may be called upon in lesser, advisory questions.

Executive Management

Shareholding in Mycronic as per 31 March, 2023.

This includes own shares, shareholding through capital insurance and shareholdings of closely related parties. For current information on insider transactions, please visit Sweden's financial supervisory authority's website

Anders Lindqvist

President and CEO
Employed since 2019

Born 1967

Education Mechanical engineer and university-level studies in marketing

Previous positions President and CEO of Piab Group AB 2013–2019, Divisions Director for Atlas Copco 2007–2013, President of Atlas Copco China 2006–2007 and President of Atlas Copco Nordic 2004–2006.

Board assignments Chairman of the Board of Dafo Vehicle Fire Protection AB and Board member of Gunnebo Holding AB.

Shareholding in Mycronic 29,628

Pierre Brorsson

CFO & Sr VP Corporate Development
Employed since 2021

Born 1972

Education MSc Business and Economics

Previous positions CFO Ramirent, senior positions as Financial Manager and VP Business Development at Atlas Copco. 

Shareholding in Mycronic 0

Lena Båvegård

Sr VP Global Functions
Employed since 2018

Born 1967

Education MSc Electrical Engineering

Previous Positions Various senior positions in Transmode and Infinera, most recently as Sr Director, Corporate Quality & Sustainability and various senior positions in Q-Med and Ericsson.

Board assignments Board alternate of SIQ and Chairman of the Board of SIQ Intressentföreningen Kvalitetsutveckling.

Shareholding in Mycronic 3,928

Magnus Marthinsson

Interim Sr VP Global Technologies
Employed since 2004

Born 1968

Education MSc Electrical Engineering

Previous positions Head of global aftermarket sales, head of global customer support within the Mycronic Group and various management roles in the development organizations of Zarlink, Ericsson and Allgon.

Shareholding in Mycronic 16,000

Clemens Jargon

Sr VP High Flex
Employed since 2015

Born 1965

Education Master’s degree in Mechanical Engineering, discipline: Aerospace engineering

Previous positions Various senior positions in telecommunications and the semiconductor industry, as well as in the market for renewable energy, at companies such as Q-Cells, Infineon, Siemens and T-Mobile.

Shareholding in Mycronic 4,283

Johanna Jarl

Sr VP Human Resources
Employed since 2022

Born 1981

Education MSc Business and Economics

Previous positions Vice President & Head of HR Infrastructure Division at AFRY, Director Strategy & Integration SSAB Europe Division and management consultant in Talent & Organization at Accenture.

Shareholding in Mycronic 0

Ivan Li

Sr VP High Volume
Employed since 2008

Born 1983

Education MSc Mechanical Engineering

Previous positions VP Global Dispensing Mycronic and General Manager Axxon.

Shareholding in Mycronic 0

Charlott Samuelsson

Sr VP Pattern Generators
Employed since 1996

Born 1963

Education MSc Engineering Physics

Previous positions Head of global aftermarket, Head of system and application development and Head of operational development in the Mycronic Group.

Board assignments Board member of Invisio Communications AB.

Shareholding in Mycronic 24,198

Shareholding in Mycronic as per 31 March, 2023.

The executive management consists of eight persons, including the CEO.

The CEO leads the work of the executive management, which meets once a month. Issues addressed include financial performance, development projects, leadership and skills supply and other strategic issues. The CEO is responsible for keeping the Board informed of the company’s development. Four global management meetings were organized in 2022 to strengthen unified communication and control throughout the Group. In addition to the executive management, there are several collaborative bodies that prepare and coordinate strategic and operational issues.


Remuneration to the CEO and other senior executives

The principles for remuneration to the CEO and other senior executives are approved by the Annual General Meeting. The proposed principles are prepared by the Board’s Remuneration Committee. The Board passes a decision on the proposed principles, which is then put to the Annual General Meeting for approval. The 2023 AGM established the following guidelines for remuneration and other terms of employment for senior executives.

Senior management position holders

Senior management position holders are the CEO and other executive management team members. The executive management team comprises of eight persons, including the CEO, of which three are women.

Guidelines for remuneration

The guiding principle is that Mycronic shall offer competitive remuneration and conditions of employment which enable the company to recruit and retain members of the executive management with the competence and capacity to achieve specified goals. To this end, the company must offer competitive remuneration to motivate the executive management.

When preparing remuneration issues, external advisors are utilized when needed. This is done continuously, in order to collect and evaluate information about current market conditions.

The remuneration and other terms of employment for members of the executive management shall be based on market terms and factors such as scope and complexity of the position in question as well as the individual’s performance is taken into account.

The total remuneration consists of the following parts:

  • Fixed remuneration
  • Short-term incentive program (STI)
  • Long-term variable pay
  • Other benefits
  • Pension
  • Employment terms and severance


Fixed remuneration

In establishing the base salary for the CEO and members of the executive management, the scope and complexity of the position in question, as well as the individual’s performance is taken into account. The executive management’s salaries are, like the other components of remuneration, subject to annual review by the Remuneration Committee, with the support of external salary statistics to ensure that the salaries remain competitive. The base salary constitutes a maximum of 65 percent of total remuneration in the event of a maximum outcome of short-term variable pay.

Short-term variable pay

Short-term variable pay can amount to a maximum of 120 percent of base salary and 55 percent of total remuneration.

Long-term variable pay

Members of the executive management can be offered incentive programs, which mainly should be shared or share price-related. An incentive program is intended to improve the participant’s commitment to the company’s development and shall be introduced on market-based terms. Resolutions on share or share price-related incentive programs must be passed at an Annual General Meeting and are therefore not covered by these guidelines.

Other benefits

Other benefits may consist of car benefits and health insurance.

Pension benefits

Pension benefits are premium-based. Members of the executive management employed in Sweden after 2012 are covered by the contribution-defined plan under ITP1. Members of the executive management employed prior to 1 January 2022 have a supplementary contribution-defined pension plan in addition to the ITP plan.

The contractual retirement age is 65 years for members of the executive management employed in Sweden. For members of the executive management employed outside of Sweden, locally competitive pension plans and retirement ages are applied. The pension premium for the CEO is limited to 35% of the base salary.

Notice of termination and severance pay

The employment or contractual agreements of members of the executive management shall be valid until further notice or for a specified period of time. For the CEO, in the event of termination by the company, a twelve months notice period and twelve months of severance pay apply. For members of the executive management employed in Sweden, the mutual notice period is a maximum of six months.

Upon termination by the company, six months’ severance pay also applies. During the notice period, the current employment contract runs with associated benefits. In cases where severance pay would be paid, no other benefits will be paid after the expiry of the notice period. For other members of the executive management who are locally employed outside of Sweden, employment or contractual agreements shall comply with mandatory rules applicable in the relevant jurisdiction or local practice.