Electric Metals (USA) Limited operates under the highest standards of integrity and honesty and in accordance with the law. We believe that good corporate governance ensures that our Company is managed for the long-term benefit of our shareholders.

In carrying out its duties, the Board receives recommendations from Electric Metals (USA) Limited’s four oversight functions:

• Internal Audit
• Risk Management
• Compliance
• Finance

They assist the Board by verifying the effectiveness of the controls within the operating units and ensuring that activities, results and risk exposure are reliably reported. To achieve this, the Board of Directors of Electric Metals (USA) Limited maintains several operating committees including the Audit Committee and Compensation Committee.

We also have a Code of Business Conduct & Ethics that provides a framework for operating standards and ethics at Electric Metals that we expect of all our officers, directors, and employees.

We believe that our Board of Directors and committees, led by a group of strong and independent directors, provide the necessary leadership, wisdom, and experience that Electric Metals (USA) Limited needs to make good business decisions and to fulfill the responsibilities to our shareholders. To this end, it is the objective of our Board of Directors that the majority of its members be independent.