The Board of LMS Capital plc is committed to maintaining high standards of corporate governance and business ethics. As an AIM-quoted company, LMS Capital is not required to comply with the Combined Code on Corporate Governance issued by the Financial Reporting Council (‘the Code’). However, given the high degree of importance the Board places on good governance, the Company has stated its intention to comply with the Code so far as reasonably practicable.

Listed below is the Company’s Corporate Governance Report extracted from its 2007 Annual Report as well as the Terms of Reference for each of three main Board Committees; the Terms of Reference for the Investment Committee and the Company’s Articles of Association which were adopted on 6 June 2008.

Please click on the links below to open each document as a separate PDF file:

2007 LMS Capital Corporate Governance Report

Terms of Reference for the LMS Capital Audit Committee

Terms of Reference for the LMS Capital Remuneration Committee

Terms of Reference for the LMS Capital Nomination Committee

Terms of Reference for the LMS Capital Investment Committee

LMS Capital Articles of Association adopted on 6 June 2008