Committees

Audit Committee

The entire Board of Directors performs the duties of the Audit Committee, and no separate Audit Committee is appointed. The Board believes that the full Board collectively has the experience and expertise in accounting, financing, valuation and internal control that may be required to perform the duties of the Audit Committee.

Remuneration Committee

In light of the Company’s limited number of employees, the Board has concluded that no Remuneration Committee should be established. The duties that would have been assigned to such Committee are instead performed by the Board as a whole.