Corporate Governance

The board is committed to maintaining high standards of corporate governance, creating value for shareholders; determining strategy, investment and acquisition policy; approving significant items of expenditure; and considering significant financing and legal matters. While the company, owing to its current size, does not formally comply with an official corporate governance code, the board has implemented appropriate measures, including holding regular board meetings to determine such matters, to ensure that the company adheres to a standard which is practicable for a company of its size and stage.