Lingo Media’s Board of Directors sets standards for the Company’s employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. The Board of Directors must serve as a prudent fiduciary for shareholders and oversee the management of the Company’s business. To fulfill its responsibilities and discharge its duty, the Board of Directors follows the procedures and standards outlined in its charters and policies.

The charters and policies are subject to modification from time to time as the Board of Directors deems appropriate and in the Company’s best interests or as required by applicable laws and regulations.

The Board believes that committees greatly enhance its proper governance and effectiveness in carrying out its duties. Currently our Board has three Committees:

• Audit Committee
• Corporate Governance Committee
• Compensation Committee
• Interested parties may request information about the Charters of the above Committees, or our additional Board Policies.

• Whistleblower Policy
• Code of Conduct
• Insider Trading and Blackout Policy
• Corporate Disclosure Policy and Practices