Corporate Governance

The Board of Directors is accountable to the Company’s shareholders for the good corporate governance of the Group.

The Directors acknowledge the importance of the Combined Code and will comply with all aspects of the Code’s requirement so far as is practicable and appropriate given the size of the Group and the constitution of the Board. In addition, the Group also intends to comply with the principles of the Corporate Governance Guidelines for AIM Companies published by the Quoted Companies Alliance in 2005.

The Company has adopted a model code for dealing in Ordinary Shares by its Directors and employees which is appropriate for an AIM quoted company.