Principle 8

ENCOURAGE ENHANCED PERFORMANCE 

The Chairman of the Board is responsible for evaluating the performance of individual directors and

the Board collectively. Performance criteria that is taken into account include each director's

contribution to setting the direction, strategy and financial objectives of the group and monitoring

compliance with regulatory requirements and ethical standards. Formal performance evaluation criteria

for the Board and individual directors are currently under review.

Director Education

The Company has a formal process to educate new directors about the nature of the business,

current issues, the corporate strategy and the expectations of the Company concerning performance

of directors. Directors also have the opportunity to meet with management to gain a better

understanding of business operations.  Directors are able to access continuing education opportunities

to update and enhance their skills and knowledge.

Independent professional advice and access to Company information

Each director has the right of access to all Company information and to the Company’s executives.

Further, subject to informing the Board, a director may seek independent professional advice from

a suitably qualified adviser at the Company’s expense. A copy of the advice received by the director

is made available to all other members of the Board.