The Board of Directors is accountable to the Company’s shareholders for the corporate governance of the Group. The Directors support the principles of good corporate governance contained within the 2006 Financial Reporting Council (FRC) Combined Code.
However, under the rules of the Alternative Investment Market (“AIM”) the Company is not required to comply with the Code and the Board considers that it is inappropriate, bearing in mind the size of the Group, for it to comply with all aspects of the Code’s requirements. Nevertheless, this section sets out how the principles of good governance are adhered to by the Board.