Governance Structure:
1. Board of Directors (BoD):
- Oversight team with strategic direction.
- Approval of major Capex and Opex decisions.
2. Executive Management Team (EMT):
- Implementation of BoD-approved strategies.
- Day-to-day operations management.
3. Capex and Opex Committees:
- Review and recommend Capex and Opex projects.
- Ensure alignment with company strategy and budget.
Risk Management Framework:
1. Risk Identification:
- Identify potential risks associated with Capex and Opex projects
- Assess risk likelihood and impact
2. Risk Assessment:
- Evaluate risk mitigation strategies
- Assign risk ownership
3. Risk Monitoring:
- Regularly review and update risk assessments
- Report risk-related issues to BoD and EMT
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Policies and Procedures:
1. Capital Expenditure (Capex) Policy:
- Defines criteria for Capex projects
- Establishes approval thresholds
- Outlines project evaluation and monitoring processes
2. Operating Expenditure (Opex) Policy:
- Defines criteria for Opex expenses
- Establishes approval thresholds
- Outlines budgeting and forecasting processes
3. Investment Policy:
- Defines investment criteria
- Establishes risk management guidelines
- Outlines divestment procedures
4. Procurement Policy:
- Defines procurement processes
- Establishes vendor selection criteria
- Outlines contract management procedures
