Company: MVIS
Filing Date: 2025-04-18
Form Type: PRE 14A
Source: 0001641172-25-005410
Chunk: 11

Company: MICROVISION, INC.
Filing Date: 2025-04-18
Form: PRE 14A
Chunk 11
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 with regard to each director’s business and personal activities as they may relate
to us and our management. Based on all of the foregoing, as required by the Nasdaq listing standards, the Board made a subjective determination
as to each Independent Director and proposed nominees for director, that no relationship exists which, in the opinion of the Board, would
interfere with the exercise of independent judgment in carrying out the responsibilities of a director. The Board has not established
categorical standards or guidelines to make these subjective determinations but considers all relevant facts and circumstances.

In addition to the Board-level standards for director
independence, the directors who serve on the Audit Committee each satisfy standards established by the SEC, providing that to qualify
as “independent” for purposes of membership on that Committee, members of audit committees may not accept, directly or indirectly
any consulting, advisory, or other compensatory fee from us other than their director compensation.

Compensation Committee Interlocks and Insider Participation

Mr. Herbst, Mr. Biddiscombe, Mr. Carlile and Mr. Spitzer
have not at any time during the prior three years been one of our officers or employees. None of our executive officers currently serve,
or in the past fiscal year have served, as a member of the Board or compensation committee of any entity that has one or more executive
officers serving on our Board or compensation committee.

Board’s Role in Risk Oversight

It is management’s responsibility to manage
risk and bring to the Board’s attention risks that are material to the company. The Board has oversight responsibility of the processes
established to report and monitor systems for the most significant risks applicable to the company. The Board administers its risk oversight
role directly and through its committee structure and the committees’ regular reports to the Board at Board meetings. The Board
reviews strategic, financial and execution risks and exposures associated with the annual plan and multi-year plans, major litigation
and other matters that may present material risk to our operations, plans, prospects or reputation; acquisitions and divestitures and
senior management succession planning.

Corporate Governance Guidelines

Our Board has adopted Corporate Governance Guidelines
that set forth, expectations and responsibilities for our directors, board committee structure and functions, board leadership responsibilities,
and other policies regarding the operations of our Board. Our Corporate Governance Guidelines are available without charge on our Investor
Relations section of our website, which is located at https://ir.microvision.com.

Board Leadership Structure

Our Board annually elects a Chair of the Board