corporate governance
The Directors recognise and value the importance of high standards of corporate governance and intend to observe the requirements of the Combined Code to the extent that they consider appropriate in the light of the Company's size, stage of development and resources.
committees
Audit Committee
On April 14 2008 it was resolved by the Board to appoint an Audit Committee consisting of Robert Sinclair, Chairman, Christopher Fish and Richard Kingston with immediate effect.
Given the nature of the Company's operations, the Company does not intend to establish remuneration and nomination committees as the Directors believe that such committees would not be appropriate.
