Corporate governance report

Corporate Covernance at East Capital Explorer is based on both external and internal frameworks. External frameworks comprise the Swedish Companies Act, the rules of Nasdaq Stockholm Rule Book including the Swedish Code of Corporate Governance, as well as other applicable Swedish and foreign laws and rules.

The Company's internal framework includes the Articles of Association, the Investment Management Agreement with East Capital, the rules and procedures of the Board of Directors and the charter of the Audit Comittee, the instructions to the CEO and the policies that we have adopted.

Prior to the 2010 Corporate Governance Report, the Company's corporate governance reports had not been reviewed by the company’s auditors.