The Board recognises its responsibility for the proper management of the Company and is committed to maintaining a high standard of corporate governance. The Directors recognise the importance of sound corporate governance commensurate with the size and nature of the Company and the interests of its Shareholders. The Quoted Companies Alliance has published a corporate governance code for small and mid-sized quoted companies, and recommendations for reporting corporate governance matters (the 'QCA Code'). The North River Resources Board of Directors have adopted the QCA Guidelines, and the Directors intend to comply with the QCA Code, to the extent they consider it appropriate and having regard to the size, current stage of development and resources of the Company.

The Audit Committee receives and reviews reports from management and the Company's auditors relating to annual and interim accounts and the accounting and internal controls in place throughout the enlarged Group. It meets at least twice a year and has unrestricted access to the enlarged Group's auditors.


The Remuneration Committee sets the terms and amount of the remuneration payable to Directors and members of the Company's management. It is empowered to obtain advice from external consultants on appropriate levels of compensation. In addition, it administers the Company's share option arrangements.


The Board of Directors of North River Resources established The Governance and Nominating Committee as well as the Health Safety & Environment Committee.