Candax and its Board of Directors is committed to maintaining high standards of corporate governance, and regularly reviews and updates its corporate governance policies to ensure compliance with regulatory requirements. The Company has four sub-committees of the board: the Audit Committee, the Compensation Committee, the Governance Committee and the Disclosure Committee. The members of each sub-committee are shown below. Candax corporate policies include: Code of Business Ethics & Conduct, Mandate of the Board, Charter of the Audit Committee, Charter of the Compensation Committee, Charter of the Governance Committee, Disclosure Policy, HS&E Policy, and Whistleblower Policy.

Board Sub-Committee Membership
Audit Committee		Adrian Jackson - Chairman John Cullen Adrian Loader Meb Somani
Compensation Committee		Adrian Jackson - Chairman John Cullen Adrian Loader Meb Somani
Governance Committee		John Zaozirny - Chairman Adrian Loader Meb Somani
Disclosure Committee		John Clarke - Chairman Hywel John Charlotte May Michael Wood

Candax Health & Safety Record

Candax has an excellent health and safety record. From January 1 through October 31, 2007, 464,955 cumulative hours were worked by Ecumed management and administrative personnel, and on the El Bibane re-development project, both onshore and offshore. Lost time due to injuries was nil - an exceptional record!