Over the years we have systematically formulised our governance to stop wrong decisions to be made:
- Decision-Making Structure
- Who approves acquisitions
- Who signs off budgets
- What requires IC-level approval
- Investment Committee
- Directors
- External commercial advisor
- Cost consultant
- Legal oversight
- Stage-Gate Controls
(steps at which investment is released, once reviewed):
- Land acquisition gate
- Pre-construction gate
- Contractor appointment gate
- Funding drawdown gate
- Exit approval gate
- Reporting & Transparency
- Monthly reports
- Cost-to-complete tracking
- Covenant monitoring
- Variance explanations
- Conflict Management
(Conflicts Disclosure)
- All potential conflicts are disclosed to the investment committee prior to approval of any transaction.
(Related-Party Risk)
- Transactions involving related parties require independent valuation and IC sign-off before execution.
(Decision Documentation)
- All material decisions are recorded in meeting minutes with rationale, approvals, and action items retained for audit.
