In view of the current size of the Board, no delegation of specific responsibilities has been made to committees at this stage. The Board does not consider it appropriate to also adopt terms of reference to establish audit, remuneration and nominations committees in the short term. This will be reviewed along with the appointment of an additional non-executive director and the implementation of committees will be considered at the appropriate time in line with changes to the structure, size and composition of the Board.

In the absence of committees, the Board are supported by external bodies which are called upon as required for their input and expertise in relation to matters which are normally dealt with by the committees.