Based on an independent investigation done by a group of directors of XCV, Inc., the following information where secured: 1. The board assigned all financial reporting to fall under the responsibility of the Corporate Governance Committee. 2. The board allows any director to sell or acquire company shares without the board's awareness. 3. The board requires all directors to disclose any personal information of their choice to the company Identify if each of the actions listed above comply or not comply with our Governance Code and thoroughly explain w basis (Good Governance Code and other sources) your reasons why. Also, have a complete discussion on the proper Board action and process, based on law and allowed industry practice, for each of the abovementioned