Corporate Governance

The Directors are committed to maintaining high standards of corporate governance and fully comply with the QCA Code with the exception of not having a risk management committee as the directors do not consider this a necessary function given the Company's current size. However this is constantly under review.

The Board inlcudes two non-executive directors, Michael Langoulant and Selwyn Lewis.

Given the relatively small size of the Board, the Directors consider that the Board has the appropriate balance between executive and non-executive directors, and that this is sufficient for the Board to be considered independent as a whole. The Directors consider that this structure is appropriate for the size and nature of the Company, although this is also kept under regular review.

A more detailed set of key principles that the Company follows with respect to its Corporate Governance can be found in the documents section of this website.