|The Board of Directors of Omeros sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board to serve as a prudent fiduciary for shareholders and to oversee the management of Omeros' business. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in the following committee charters and guidelines. These charters and guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of Omeros and its shareholders or as required by applicable laws and regulations.