Directors' Responsibilities & Corporate Governance

The Directors recognise the value and importance of high standards of corporate governance. The Company follows the recommendations on corporate governance of the Quoted Companies Alliance for companies with shares traded on AIM.

The Company has established remuneration, audit and nomination committees.

QCA Statement On Corporate Governance

The Audit Committee

is chaired by Tim Clarke, and has primary responsibility for monitoring the quality of internal controls, ensuring that the financial performance of the Group is properly measured and reported on and reviewing reports from the Group’s auditors relating to the Group’s accounting and internal controls, in all cases having due regard to the interests of Shareholders. The Audit Committee meets at least three times a year, and has unrestricted access to the Group auditors. Ken Davy and Imogen Joss are the other members of the Audit Committee.

Audit Committee Terms of Reference

The Nomination Committee

is chaired by Imogen Joss, and identifies and nominates, for the approval of the Board, candidates to fill Board vacancies as and when they arise. The Nomination Committee will meet at least twice a year. Ken Davy and Tim Clarke  are the other members of the Nomination Committee.

Nomination Committee Terms of Reference

The Remuneration Committee

is chaired by Imogen Joss, and reviews the performance of the executive Directors and determines their terms and conditions of service, including their remuneration and the grant of options, having due regard to the interests of Shareholders. The Remuneration Committee will meet at least twice a year. Tim Clarke and Ken Davy are the other members of the Remuneration Committee.

Remuneration Committee Terms of Reference