Corporate Governance

The Company is not required to comply with the UK Corporate Governance Code or the Corporate Governance Code for Small and Mid-Sized Quoted Companies 2013, as published by the Quoted Companies Alliance.

However, the Directors recognise the importance of sound corporate governance and the Board intends, so far as is practicable for a company of its size, to implement certain corporate governance recommendations.

Details are provided below:

Audit Committee

The Board has established an audit committee and a remuneration committee with formally delegated duties and responsibilities.

The audit committee has responsibility for ensuring that the financial performance, position and prospects of the Company are properly monitored and reported on, for meeting with the auditor and discussing their reports on the accounts and the Company’s financial controls and for recommending the appointment of auditors.

During the year the audit committee consisted of Brian Moritz and Nigel Wyatt.

Remuneration Committee

The directors have established a remuneration committee. The remuneration committee will determine the terms and conditions of service of executive directors. The remuneration and terms and conditions of appointment of non-executive directors are set by the Board. No Director may participate in any discussions or decisions regarding his own remuneration.

During the year the audit committee consisted of Brian Moritz and Nigel Wyatt.

Share dealing code and AIM Rule compliance policy

The Company has adopted a model code for share dealings in Ordinary Shares which is appropriate for an AIM company, including compliance with Rule 21 of the AIM Rules for Companies relating to the Board’s and employees’ dealings in Ordinary Shares. The Company has also adopted an AIM Rules compliance policy.

UK City Code on Takeovers and Mergers

As an AIM traded, UK incorporated company, Goldplat plc is subject to the UK City Code on Takeovers and Mergers legislation.