In determining the standards that Ten Holdings should seek to achieve, Ten has reviewed, with the assistance of external advisers, its practices in terms of the revised Corporate Governance Principles and Recommendations which were issued by the ASX Corporate Governance Council in August 2007 and took effect for the first financial year commencing on or after 1 January 2008 ("the ASX Guidelines").

Ten Holdings considers that its practices are largely consistent with those contained in the ASX Guidelines (except where referred to below) and continued efforts have been directed throughout the year to attaining a greater level of compliance.