Board of Directors

Barry Mence, Chairman Barry Mence has served as executive chairman and as a director and substantial shareholder of Sopheon since its inception in 1993 when he was one of the founding members. From 1976 to 1990, Mr. Mence was the major shareholder and group managing director of the Rendeck Group of Companies, a software and services group based in the Netherlands.

Andy Michuda, Chief Executive Officer Andrew (Andy) Michuda was appointed chief executive officer of Sopheon in September 2000. From 1997 to 2000, he served as chief executive officer and an executive director of Teltech Resource Network Corporation, which was acquired by Sopheon. Prior to joining Sopheon, Mr. Michuda held senior leadership positions at Control Data.

Arif Karimjee, ACA, Chief Financial Officer Arif Karimjee joined Sopheon as chief financial officer in February 2000. Mr. Karimjee served as an auditor and consultant with Ernst & Young in the United Kingdom and Belgium from August 1988 until joining Sopheon.

Stuart Silcock, FCA, Non-Executive Director Stuart Silcock has served as a director of Sopheon since its inception in 1993. Since 1982, Mr. Silcock has been a principal partner of Lawfords & Co. and a director of Lawfords Ltd., chartered accountants. Mr. Silcock was a non-executive director of Brown & Jackson plc. for four years from June 2001 to July 2005 and currently holds a number of other directorships in the United Kingdom.

Bernard Al, Non-Executive Director Bernard Al was appointed as director of Sopheon in January 2001. He is a former chief executive officer of Wolters Kluwer in the Netherlands and has a background in science and linguistics.

Daniel Metzger, Non-Executive Director Daniel Metzger was appointed as a director of Sopheon in September 2002. Until 1998, he acted as an executive vice president of Lawson Software, a leading Enterprise Resource Planning provider, where he was responsible for corporate strategy and marketing. In recent years, he has held business strategy and marketing leadership roles at Parametric Technologies and nQuire Software, which was acquired by Siebel Systems, Inc.

 Overview of Board Activities

Formal board meetings are held quarterly to review strategy, management, and performance of the group, with additional meetings between those dates convened as necessary. The audit committee, which includes all of the non-executive directors and is chaired by Stuart Silcock, considers and determines actions regarding any control or financial reporting issues they have identified, or that that have been raised by the auditors. The remuneration committee is responsible for oversight of the contract terms, remuneration, and other benefits for executive directors, including performance-related bonuses. The committee comprises two non-executive directors, B.P.F. Al, as chairman, and S.A. Silcock, together with B.K. Mence, other than in with respect to his own remuneration.