Governance Framework - Renon Power Technology Inc.

Governance principles

Our governance framework establishes clear accountability, aligned decision-making, lawful operations, and effective oversight to support consistent, responsible, and well-controlled business activities across the organization.

Clear Accountability

Each major activity has a clear Owner responsible for objectives, risks, compliance, and timely escalation.

Authority Alignment

Decision authority should align with role responsibilities, risks, and legal accountability.

Lawful Operations

Global operations follow common principles and comply with applicable local laws and industry requirements.

Oversight & Checks

Major business, financial, safety, quality, cybersecurity, privacy, legal, and compliance matters are reviewed based on risk.

Governance levels

Clear Governance at Every Level

Clear roles and responsibilities enable consistent decisions, accountability, and effective execution.

Corporate Governance

Oversees long-term strategy, major investments, major risks, and key decisions requiring the highest governance level.

Global Management

Leads strategy execution, global operations, resource allocation, risk management, and major issue escalation.

Functions & Regions

Global functions set professional standards, while regional teams manage local operations, customers, people, and risks.

Legal Entities

Legal entities are responsible for contracts, employment, tax, manufacturing, data, and other statutory obligations.

Authorization System

Major contracts, investments, payments, hiring, product launches, and legal matters follow defined authorization levels.

Upgrade mechanism

Major Escalation

Serious safety, quality, fraud, cybersecurity, financial, legal, or reputational issues enter the appropriate escalation process.

Escalation Path

Major matters are escalated through functions, regional, global, and higher governance levels as needed.