Directors’ Duties And Responsibilities

Directors are mainly responsible for the overall management of the Company. In exercising their powers, they must act honestly with diligence and with reasonable skill.

(a) A director must act in what he honestly considers to be the company’s interests, and not in the interests of some other person or body. In discharging the duties of his position, a Director must:

(i) act honestly and with the utmost good faith for the benefit of the Company. He should not take into account either his personal interests (other than as shareholder of the Company) or ties to family, friends or other outside interests.

(ii)use reasonable diligence in his attention to the business of the company and to exercise discretion and care.