CORPORATE GOVERNANCE

The Company recognizes the importance of good corporate governance in all business practices and has incorporated an ordinance which ensures compliance with those practices within the organization and its associations. Present encompassing charters are; Audit Committee, Compensation Committee, Nominating & Governance Committee, Stock Plan Committee, Outside Director Compensation Committee, and an established whistle-blower protection policy, as well, an Environmental / Ecological Cognizance Committee. The Company has also prepared and integrated a structured foundation for an Ethics of Environmental and Social Responsibilities policy.