The Board is responsible for formulating, reviewing and approving the Company’s strategies, budgets and corporate actions.

The Directors have responsibility for, and recognise the importance of implementing and maintaining, high standards of corporate governance, and intend that the company will comply with the Combined Code and the Quoted Companies Alliance’s ‘Guidance for Smaller Quoted Companies’ in such respects as are appropriate for a company of its size, nature and stage of development.

The Company operates a share dealing code for Directors as required by the AIM Rules.

The Board intends to regularly review key business and financial risks facing the Company in the operation of its business.