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Corn & Corn Field

Corporate Governance

The Board recognises the importance of sound corporate governance and that it is accountable to its shareholders in this regard. There is no distinct Irish corporate governance regime and accordingly, the Directors intend that the Company will apply policies and procedures which reflect principles of the Combined Code on Corporate Governance as practicable and appropriate having regard to the Company's size and the markets on which its shares are traded. The Board consists of a chairman, two executive directors and two non-executive directors. The Company will hold Board meetings throughout the year at which key matters relating to the Company's operations, together with financial reports will be considered. The Board is responsible for formulating, reviewing and approving the Company's strategy, budgets, major items of capital expenditure and acquisitions.

The Company has established an audit committee and a remuneration committee with formally delegated duties and responsibilities as per the terms of reference below.

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