The Directors acknowledge the importance of the Combined Code on Corporate Governance (a copy of which is downloadable from the Company Reports/Documents page) and apply its principles so far as is practicable and appropriate to a company of the size and nature of GoldStone.

The Company has appointed Nico van der Hoven as its Non-Executive Chairman. Nico is the only member of the Audit Committee and the Remuneration Committee.

The Audit Committee receives and reviews reports from management and the Company’s auditors relating to the annual and interim accounts and the accounting and internal control systems of the Company. The Audit Committee has unrestricted access to the Company’s external auditors.

The Remuneration Committee reviews the scale and structure of the Executive Directors’ remuneration and the terms of their service contracts. The remuneration and terms and conditions of appointment of the Non-Executive Chairman are set by the Board.