Company Committees

Accountability and Audit

The board presents a balanced and understandable assessment of the Conpany's position and prospects in all interim reports, price-sensitive reports, and reports to regulators, as well as in the information required to be presented by statutory requirements.

The Audit Committee comprises Dr A.G.M Nairn, M.I. Samuels and D. Scott and is chaired by D. Scott. The Audit Committee meets at least twice each year. The external auditors attend at least one meeting each year. The Audit Committee reviews any significant factors that may affect an external assessment of the Group's position and prospects.

Remuneration Committee

The Remuneration Committee ensures the Executive Directors and senior management are approptiately rewarded, giving due regard to the financial and commercial health of the Group. The Committee comprises Dr A.G.M. Nairn, M.I Samuels, and D. Scott and is chaired by Dr A.G.M. Nairn. It meets at least once a year.

Nomination Committee

No Nomination committee has been established and appointments and decisions to propose election and re-election of Directors are matters for the board as a whole.