CORPORATE GOVERNANCE

The Arbortech Board of Directors meets monthly to discuss all aspects of Arbortech's operations. The principal issues for consideration are driving the Company's performance, assessing and managing primary risks, guiding and directing management and any other operational issues.

The Board is responsible for the overall corporate governance of Arbortech Industries Limited. This includes defining and monitoring the strategic direction of the Company and developing and communicating a code of ethics that reflects the corporate culture, values and principles of the Company to the shareholders, employees, suppliers, and the general community.

The Board of Directors recognises the need for a structure that balances the needs of the shareholders while promoting a culture of performance, innovation and global citizenship. To this end, all directors, management and employees are guided by the Company's Values and Principles Statement to act with integrity and fairness to improve the Company's reputation and performance.