Corporate Governance

The Company recognises the importance of sound corporate governance and adopts policies and procedures which reflect such of the principles of the Combined Code as are appropriate to the Company’s size and nature.

The Audit Committee

The audit committee is chaired by Anthony Binnie and meets at least twice each year being responsible for monitoring the quality of internal control, ensuring that the financial performance of the Company is properly measured and reported on, meeting with the auditors and reviewing reports from the auditors relating to accounting and internal controls.

The Remuneration Committee

The remuneration committee is chaired by Anthony Binnie and reviews the scale and structure of the executive directors’ and senior employees’ remuneration along with the terms of their service or employment contracts, including share option schemes and other bonus arrangements. The remuneration and terms and conditions of the non-executive directors are set by the entire Board.

The Board complies with Rule 21 of the AIM Rules that relates to dealings by directors and also applicable employees and the Company's share dealing code is MAR compliant.