Leadership & Accountability - Renon Power Technology Inc.

Leadership Principles

Clear Accountability

Every major business, risk, compliance, and remediation matter should have a clearly defined Owner. Multiple participants do not dilute or replace ultimate accountability.

Delegation Retains Accountability

Responsibilities may be delegated or assigned, but the accountable role remains responsible for outcomes, risks, and compliance within its scope.

Accountability & Compliance Management Subtitle

Clear Ownership from Disclosure to Closure

RenonPower establishes clear accountability for conflicts of interest, major matters, annual confirmations, remediation, and verification—ensuring issues are properly managed, tracked, and closed.

Disclosure & Management

Management and employees should disclose potential conflicts of interest that may affect objective judgment, including family relationships, supplier relationships, external investments, concurrent positions, and related-party transactions.

Five Accountability Roles

Major matters should clearly define the Business Owner, Decision Owner, Risk Owner, Remediation Owner, and Verification Owner, ensuring clear accountability from decision-making through closure.

Management Confirmation

Where business conduct standards, conflict-of-interest disclosures, or annual compliance confirmations are established, disclosures should reflect the actual scope of implementation. Completion rates should not be reported where no execution records exist.

Remediation & Verification

Major issues should retain clear records of accountability and status throughout identification, decision-making, remediation, and verification. Completion of remediation does not automatically mean that the associated risk is closed.

Various responsibilities

Governance Responsibilities

The corporate governance level is responsible for strategy, long-term value, executive oversight, major risks, major investments, and significant governance matters in accordance with the governance structure.

Management Responsibilities

The CEO is accountable for global strategy execution, business performance, organizational capability, resource allocation, risk management, and compliance culture. Global management is responsible for its respective functional and operational outcomes.

Regional Responsibilities

Regional leaders are accountable for regional business performance, customers, employees, local regulatory compliance, contract execution, regional risks, and escalation of major matters.