75de1e4dc252ae3d7321989bbaff154e.doc 4.1. Chic Paints Ltd is a large, shareholder run company which manufactures specialist paints - such as those used on boats, cars and industrial machinery. Chic Paints is a limited company, formerly part of Ashstead Plc, but was the subject of a management buyout from its previous owners six years ago by five of its directors. All the current directors have shareholdings in the company. 4.2. The current board composition of CPL, their line management responsibilities…
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