Dgm- Investment Governance

**3.ACCOUNTABILITIES & RESPONSIBILITIES**
- ACCOUNTABILITIES
- ACTIVITIES
- OUTCOME

1

Implementation of investment governance framework and organization in Nayara.
- Act as the gate owner for the Investment Committee of Refinery and for the Management Committee for Asset Development CAPEX
- Ensure compliance to Gate review protocols including completeness of Decision Support Package (Quality & Coverage)
- Review performance of stage gate framework implementation and appraise Investment Committee
- Facilitate / support various teams in complying with Investment Governance Framework (IGF) requirements
- Review Techno Economic Feasibility Reports (TEFR), Investment Memorandum (IM) of various Capex Projects and provide inputs to Lead IGG
- Co-ordinate with various teams in Marketing & Finance for data and information
- Prepare various proposals approved by Investment Committee for submission to Lead IGG for onward submission to the Management Committee
- To design and build a robust Investment governance process and organization.

2
- Assurance to management on investment opportunities
- Support Lead IGG in providing assurance to management on investment opportunities, their performance across the lifecycle and a basis for effective investment decision-making.
- Drive adherence to compliance requirements relating to investments vis-à-vis pre-defined internal policies and external regulations.
- Support in implementation of Investment Committee recommendations
- Provide assurance to management on investment opportunities (CAPEX)

3

Managing investment portfolio of the Company
- Support the Lead IGG in tracking the performance status of existing investment portfolio of the company
- Support the Lead IGG in analyzing and reporting the Capex utilized and proposed for next financial year
- Project Prioritization: Provide support to Lead IGG on prioritization of investment projects and/or investment programs against other projects aligned to the investment strategy.Support the Lead IGG in determination of the most efficient set of investment projects/programs to be included in the Organization business plan.- Maintained Investment portfolio of the Company.

4

Risks associated with investments/ capital projects
- Support the Lead IGG in identification of various risks, their quantification, development and implementation of risk mitigation measures.
- Periodic and event based review of risk levels, and effectiveness of mitigation plans.
- Reporting and reassurance on the individual investment opportunity / project risk and on an aggregate level.
- Assurance on adequate risk assessment and risk mitigation measures prepared and followed by business teams.

5

Business planning process
- Determination of the most efficient set of investment projects/programs to be included in the Organization business plan.
- Key support and assurance role in preparing annual and 5 year CAPEX programRecommendations on project prioritization for current and future projects- Annual and 5Y planned CAPEX program for the Company

6

Monitoring and reporting
- Review monthly, quarterly and yearly reports prepared by Business Units (BUs) and apprise the Lead IGG of the latest status.
- Analyze, monitor and control, and report on Capex projects undertaken.
- Provide comprehensive representation of project performance through key indicators
- Make available quality and timely information for decision making
- Enable management to monitor and limit risks within thresholds
- Escalate critical issues and non-compliances to management
- Communicate clear and accurate information
- Aggregate data and facts to present trends and forecasts
- Facilitate concurrent monitoring of important transactions
- Provide objectivity to management review
- Minimize information overload
- Monitoring & Reporting of Investment Governance KPIs
- Monitoring & Reporting of Project KPIs.
- Regular monitoring and reporting on CAPEX