Corporate Governance

The directors acknowledge the importance of the Combined Code on Corporate Governance issued in June 2006 (the “Combined Code 2006”) and comply with its principles so far as is practicable and appropriate given the size and constitution of the Board.

The Board attaches great importance to maintaining good relationships with all its shareholders and ensures that all price sensitive information is released to its shareholders simultaneously in accordance with AIM Rules of the London Stock Exchange plc.

The Board is responsible for ensuring that the Group maintains an adequate system of internal control and risk management.  The internal controls are designed to safeguard the Group’s assets and to ensure the reliability of financial information for both internal use by management and external reporting.