Over the past several years, there has been an increased focus on corporate governance in both the United States and Canada. Among other regulatory initiatives, the New York Stock Exchange added corporate governance standards to its listing rules. Although, as a regulatory matter, the vast majority of the NYSE corporate governance standards are not directly applicable to Imperial Minerals And Petrochemicals as a United Kindom company, Imperial Minerals And Petrochemicals  has implemented a number of structures and procedures to comply with the NYSE standards. There are no significant differences between Imperial Minerals And Petrochemicals  corporate governance practices and the NYSE standards applicable to U.S. companies.

The Board of Directors has approved a set of corporate governance guidelines to promote the effective functioning of the Board of Directors and its Committees and to set forth a common set of expectations as to how the Board should manage its affairs and perform its responsibilities. Imperial Minerals And Petrochemicals  has also adopted a Code of Business Conduct and Ethics that is applicable to all directors, officers and employees of Imperial Minerals And Petrochemicals . In conjunction with the adoption of the Code, Imperial Minerals And Petrochemicals established a toll-free compliance hotline to allow for anonymous reporting of any suspected Code violations, including concerns regarding accounting, internal accounting controls or other auditing matters.

Copies of the Code of Business Conduct and Ethics, the Corporate Governance Guidelines and the mandates of the Board of Directors and each of the Committees of the Board (including the Audit Committee, the Compensation Committee and the Corporate Governance and Nominating Committee) are available below.