Hamworthy intends, so far as is practicable for a company of its size and nature, to comply with the provisions of the Combined Code on Corporate Governance published in July 2003 ("the Combined Code") which applies to companies which are admitted to the Official List. The Company has appointed non-executive directors to bring an independent view to the board, and to provide a balance to the executive directors.

An Audit Committee consisting of Gordon Page, Alan Frost and James Wilding was established on 23 June 2004. The Audit Committee is chaired by Alan Frost. It meets at least twice a year and is responsible for ensuring that the appropriate financial reporting procedures are properly maintained and reported on and for meeting the auditors and reviewing their reports relating to the Group’s accounts and internal control systems.
The Audit Committee's Terms of Reference (PDF | size: 58kb)

The Remuneration Committee consisting of Gordon Page, Alan Frost and James Wilding was established on 23 June 2004. The Remuneration Committee is chaired by James Wilding. It meets at least twice a year and is responsible for reviewing the performance of the executive directors and other senior executives and for determining appropriate levels of remuneration.
The Renumeration Committee’s Terms of Reference (PDF | size: 69kb)

A Nominations Committee consisting of Gordon Page, Alan Frost and James Wilding was established on 23 June 2004. Joe Oatley joined the committee on 03 September 2007. The Nominations Committee is chaired by Gordon Page. It will make recommendations on all new board appointments.
The Nominations Comittee's Terms of Reference (PDF | size: 65kb)

The guidance published by the Institute of Chartered Accountants in England and Wales concerning the internal control requirements of the Combined Code has been brought to the attention of the directors. In line with this guidance, the board keeps under regular review key business risks in addition to the financial risks facing the company in the operation of its business.

In compliance with the AIM Rules the Company has established a policy and share dealing code relating to dealing in the Company’s shares by directors, employees and connected persons.