23. BY-LAWS

23.1 The Board may make By-Laws as it may deem appropriate for the proper conduct, control and management of the Company and, in particular:

(a) the management and good governance of the affairs of the Company;

(b) the conduct of the Company’s employees;

(c) the setting apart of any part or parts of the Company’s premises or properties for particular purposes;

(d) the procedure at meetings of the Board and its committees;

(e) the formation of any committee of the Board including the composition, terms of reference and other relevant matters of such committees; and

(f) generally, all such matters as are commonly the subject matter of regulations for the proper conduct of companies similar to the Company and are not expressly dealt with in this Constitution.