Strict ethical business practices and prudent risk management are critical.
Strong governance, ethical business practices and prudent risk management are critical ingredients to CMT’s achievement of its goal for long-term value creation for employees and the communities in which we work to drive sustainability.
Corporate governance guidelines assist the Board in the exercise of its responsibilities and to promote the effective functioning of the Board and its committees. The Board’s goal is to oversee and direct management in building long-term value for the Company’s stockholders, which are all of our employees. In addition the Board’s goal is to assure the strength, integrity and vitality of the Company for its customers, clients, employees and the communities in which it operates.
CMT’s Code of Conduct and Ethics & Compliance policies, which applies to all officers, employees and members of the Board, serves as the foundation for high standards of integrity and ethics, the deterrence of wrongdoing and the promotion of compliance with applicable regulations.
The Board and executive management are ultimately responsible for the review and oversight of risk at CMT. They are supported by a risk management framework which includes committees, departments and systems which monitor, manage and report on market, liquidity and operational risk.
As we expand our ESG initiative, we will seek ways to further optimize our governance process.