The Directors have developed appropriate measures (having regard to the current stage of development of TVC Holdings plc), to comply as far as is practicable with the Guidelines on Corporate Governance for AIM companies as published by the Quoted Companies Alliance. The Board is comprised of 3 executive Directors and 3 non-executive Directors. TVC Holdings plc will hold Board meetings throughout the year at which reports relating to TVC Holdings’ operations, together with financial reports, will be considered. The Board is responsible for formulating, reviewing and approving TVC Holdings plc’s strategy, budgets, investments and major items of capital expenditure.