Premium Governance Mandate Architecture

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1️⃣ Entry Layer

Volatility Governance Review

Purpose
Structured assessment of capital durability under structural volatility.

Scope (single engagement)
• Stress ROCE sensitivity discussion
• Merchant exposure review
• Pass-Through Effectiveness assessment
• Capex gating logic review
• Energy dispersion mapping
• 3–5 governance observations memo

Format
2–3 hour closed session

• concise written summary (5–7 pages)

Pricing Model
Fixed Professional Fee

Positioning language:

“The Governance Review is structured as a fixed professional mandate.”

No hourly billing.
No negotiation tone.

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2️⃣ Core Layer

Annual Volatility Governance Mandate

Purpose
Ongoing capital discipline architecture support at governance level.

Scope (annual)
• Quarterly Stress ROCE review session
• Merchant exposure discipline oversight
• Capex gating review discussion
• Energy sensitivity update
• Governance alignment calibration
• Direct access for capital-level discussion

Not operational.
Not implementation.
Not project management.

Pure governance architecture.

Compensation Model
Annual Retainer (paid quarterly or semi-annually)

Positioning language:

“The Governance Mandate is structured on an annual retainer basis, reflecting continuity and capital alignment.”

Clean.
Institutional.
Predictable.

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3️⃣ Optional Performance Layer

(Only if strategically aligned)

Purpose
Align governance architecture with measurable capital durability outcomes.

Possible metrics:
• Stress ROCE floor protection
• ROCE stability improvement
• Capital allocation adherence
• Merchant exposure reduction discipline

Compensation:
Pre-defined performance honorarium.

Not equity.
Not upside speculation.
Not leverage.

Aligned — but controlled.