Introduction

The Board of Cupid plc is committed to achieving good standards of Corporate Governance, integrity and business ethics for all activities. Although under AIM rules, the company is not obliged to comply with the provisions of the Combined Code, it abides by many of on the recommendations contained therein, particularly with regard to the Audit Committee and Remuneration Committee.

Audit Committee

The Audit Committee consists of the non-executive directors with Ian McCaig as Chairman. The committee will meet at least twice a year, linked to the timing of the publication of the group's results. The committee will also meet on an ad hoc basis when necessary. The external auditors may attend the meetings. The Committee operates within specific terms of reference which include:

• Considering the appointment of external auditors;
• Reviewing the relationship with external auditors;
• Reviewing the financial reporting and internal control procedures;
• Reviewing the management of financial matters and focusing upon the independence and objectivity of the external auditors; and
• Reviewing the consistency of accounting policies both on a year to year basis and across the group.

Remuneration Committee

The Remuneration Committee consists of the non-executive directors with Russ Shaw as Chairman. The Remuneration Committee reviews and determines on behalf of the Board and Shareholders of the company the pay, benefits and other terms of service of the Executive Directors of the Company and the broad pay strategy with respect to senior company employees.

Anti-Bribery Policy

Cupid plc values its reputation for ethical behaviour and for financial probity and reliability. ;We shall always act with integrity and professionalism, and we recognise that any involvement in bribery will reflect adversely on that reputation. We aim to counter any risk of bribery within our organisation by

• Introducing a clear anti-bribery policy;
• Training all employees so that they can recognise and avoid the use of bribery by themselves and others
• Encouraging our employees to be vigilant and to report any suspicion of bribery, providing them with suitable channels of communication and ensuring sensitive information is treated appropriately by introducing a whistleblowing policy to protect employees. View our whistle-blowing policy;
• Taking firm and vigorous action against any individual(s) involved in bribery.