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Apace Media Plc

Apace Media is a fast-growing media group specialising in international content creation and broadcasting in the emerging nations of Eastern Europe.

 

Directors' Responsibilities

 

The Company is listed on the Alternative Investment Market (AIM) and is therefore not required to comply with the provisions of the Combined Code. Nevertheless, the Company seeks, within the practical confines of being a small company , to act in compliance with the principles of good governance and the code of best practice.  On a regular ongoing basis the Board reviews how to achieve this.

The functions of the Audit committee and the Remuneration committee are performed by the board as a whole.

Given the small number of employees, internal control is exercised by the close involvement of directors in the day-to-day management of the Company affairs. Directors meet regularly to review all operational matters including remuneration and audit issues. The directors retain full and effective control over the Company. The Company has a non-Executive Chairman, three executive directors and three non-executive directors. The non-executive directors are independent of the management, although they do individually (as at June 2008) have the following shareholdings: William Vanderfelt (6,326,967), Tony Vickers (127,438) and Michael Morris (66,666).