The Directors of KSK Power Ventur plc support high standards of corporate governance. While Compliance with the Combined Code is not required for a company whose shares are admitted to trading on AIM, the Directors have always taken note of its provisions and complied whenever it has been appropriate to do so in the context.

The Board currently comprises an independent non-executive chairman, two executive directors and two independent non-executive directors. The Board meets regularly during the course of the year to review trading performance, funding, to set and monitor strategy, examine acquisition opportunities and report to shareholders. The Board has a formal schedule of matters specifically reserved to it for decisions.

The Combined Code recommends that the Board should appoint one of its independent non-executive Directors to be the senior independent director. Mr. S.R. Iyer is the Board’s existing senior independent director.

The Board has appointed an Audit Committee, a Remuneration Committee and a Nomination Committee, each of which has a different chairman as well as defined terms of reference. All of the Directors and committees have access to the advice of the Company Secretary, Mr.Richard Vander plank.