Proton Power Systems is committed to high standards of corporate governance for which the directors are accountable to stakeholders and particularly shareholders. Therefore the Directors acknowledge the importance of good corporate governance and, whilst not required to comply with the UK Corporate Governance Code, they apply its principles so far as is practicable taking into account the Company’s size and stage of development.

The Board meets regularly to monitor the current state of business and to determine its future strategic direction. The Board is currently comprised of a Non executive Chairman, three Executive Directors and one Non executive Director.

The Company holds meetings from time to time with institutional shareholders to discuss the Company’s strategy and financial performance. The Annual General Meeting is used to communicate with private and institutional investors.

The Company is subject to the City Code on Takeovers and Mergers.