Corporate Governance

The Company holds regular Directors’ meetings at which operating and financial reports are considered. The Board is responsible for formulating, reviewing and approving the Company’s strategy, budgets, major items of capital expenditure and senior personnel appointments.

The Board acknowledges the importance of the principles set out in the Combined Code. Although the Combined Code is not compulsory for AIM companies, the Board intends that, so far as practical and to the extent appropriate in regard to the size of the Company, it will comply with the Combined Code.

Audit Committee

An audit committee, comprising J Finn and D Horgan, was established as a Board committee by the resolution of the Board of directors of the Company in order to establish formal and transparent arrangements for considering how the Board should apply the financial reporting and internal control principles of the Company and to maintain an appropriate relationship with the Company’s auditors.

Remuneration Committee

A remuneration committee, comprising J Finn and D Horgan, was established as a Board committee by the resolution of the Board of directors to: (a) ensure that the executive directors are fairly rewarded for their individual contributions to the overall performance of the Company, (b) to determine all elements of the remuneration of the executive directors, and (c) to ensure a formal and transparent procedure for developing policy on executive remuneration.

THIS PAGE WAS LAST UPDATED ON 04 JANUARY 2017
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