Rule 26 Information

Board Committees
Articles of Association
Admission Document
AIM Securities
Shareholdings
Interim Results

BOARD COMMITTEES

The Board has established four Committees, all of which have written terms of reference. The minutes of the Committees are circulated to and reviewed by the Board.

The Audit Committee

The Audit Committee comprises the three non-executive Directors and is chaired by Dr. Christopher Greig. The Auditors, KPMG Audit Plc, and Executive Directors normally attend meetings although the Committee meets with the Auditors without the Executive Directors being in attendance for part of the meeting. The Committee meets at least half yearly to:

1. review the Interim and Annual Accounts;
2. review reports from the Auditors;
3. monitor the adequacy and effectiveness of the systems of internal control; and
4. review annually the effectiveness of the Auditors.

The Remuneration Committee

The Remuneration Committee comprises Mark Kemp-Gee (Chairman) and Dr. Christopher Greig.

The Remuneration Committee is responsible for all elements of the remuneration of the Executive Directors. The Committee oversees the company's share option schemes. Further details of the Committee are included in the Remuneration Report.

The Nominations Committee

The Nominations Committee comprises all the Directors and is chaired by Ian Murgitroyd.

The Nominations Committee considers the appointment of Directors to the Board.

The Risk Assessment Committee

The Risk Assessment Committee is chaired by Dr. Kenneth Chrystie and is responsible for all elements of corporate risk. The Committee reports to the Directors at every meeting of the Board. Edward Murgitroyd is a member of this committee.