Clear responsibilities
A sound commercial process identifies who can negotiate, review and approve commitments. Legal entities, contract parties and signatories should be confirmed before an agreement is executed.
Independent review
Commercial attractiveness and risk review answer different questions. Counterparty checks, technical assessment and legal review provide complementary information for a decision.
A traceable record
Keep versions of specifications, pricing terms, approvals and delivery documents. This page describes general governance considerations; it is not a declaration of a particular board structure or certified management system.