The Directors recognize the value and importance of having high standards in corporate governance. While the company is not subject to the UK Corporate Governance Code, the company intends, insofar as is practicable given its size, nature and state of development, to comply with the main provisions of the UK Corporate Governance Code, the Quoted Companies Alliance guidelines, and the Policy and Voting Guidelines for AIM Companies issued by the National Association of Pension Funds.
The company is not subject to any federal or state corporate governance regime in the United States.
The board of the company comprises two executive directors and five non-executive directors, whose experience complements that of the executive directors and who can provide an independent view to the executive directors.
The company has established an Audit Committee, a Compensation Committee, a Nomination Committee and an AIM Compliance and Corporate Governance Committee. The roles that these committees serve within the group are described below.