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
As at 9th September 2011 it was resolved by the board to appoint Mr Parkinson as Chairman of the Audit Committee with the members being Mr Sinclair, Mr Clarke, Mrs Mason, Mr Hamman and Mr Hens.
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.
