The Company is controlled by the Board of Directors, which currently consists of five executive directors and two non-executive directors.
The Board is responsible for formulating the Company's corporate strategy, monitoring financial performance, approval of major items of capital expenditure and executive appointments. Directors are charged with the task of promoting CMS's further development and making decisions in CMS's best interest. Operational control is also delegated by the Board to the executive directors. The Board, led by the Chairman, makes, approves and monitors the Group's long term objectives, evaluating CMS Group's performance and supervising CMS Group's management.
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The Directors support high standards of corporate governance and confirm that, following Admission, they will comply, so far as is practicable and taking into account the Company's size and nature, with the provisions of the Quoted Companies Alliance for AIM Companies published in 2005. Audit, remuneration and nomination committees have been established to operate with effect from Admission. |
