Introduction

Misrayon is committed to making sound and responsible decisions that contribute to our long-term success and the well-being of all stakeholders. This decision-making policy outlines a clear framework for evaluating options, fostering collaboration, and ensuring efficient and effective decision-making across all levels of the organization.

Core Principles

• Transparency: Information relevant to the decision will be readily available to those involved in the process.
• Accountability: Individuals involved in the decision will be held accountable for the outcome.
• Objectivity: Decisions will be based on facts, data, and a thorough evaluation of all options, minimizing bias.
• Stakeholder Consideration: The impact of the decision on all relevant stakeholders, including employees, customers, suppliers, the environment, and the community, will be considered.
• Risk Management: Potential risks associated with each option will be identified and mitigated.
• Timeliness: Decisions will be made in a timely manner, considering the urgency of the matter and the potential consequences of delay.

Decision-Making Process

The specific decision-making process will vary depending on the complexity and significance of the issue. However, a general framework will be followed:

1. Problem Identification: Clearly define the issue or opportunity that requires a decision.
2. Information Gathering: Gather all relevant information, including data, reports, expert opinions, and stakeholder perspectives.
3. Option Development: Identify and evaluate potential solutions, considering their feasibility, effectiveness, and potential impact.
4. Risk Assessment: Identify and assess potential risks associated with each option.
5. Decision-Making: Make a final decision based on the evaluation of options, stakeholder input, and risk assessment.
6. Communication: Communicate the decision clearly and concisely to all relevant stakeholders, explaining the rationale behind it.
7. Monitoring and Evaluation: Monitor the implementation of the decision and evaluate its effectiveness over time.

Decision-Making Authority

Decision-making authority will be delegated appropriately based on the level of complexity and potential impact of the issue. Lower-level decisions may be made by individual managers or teams, while more significant decisions will require approval from senior management or the Board of Directors.

Escalation Process

In cases where there is disagreement or uncertainty regarding a decision, an escalation process will be followed to ensure timely resolution. This process may involve seeking input from a broader group of stakeholders or referring the issue to senior management or the Board of Directors for final approval.

Conclusion

By adhering to this decision-making policy, Misrayon aims to ensure that all decisions are made thoughtfully, collaboratively, and with the best interests of the company and its stakeholders in mind. This policy promotes transparency, accountability, and responsible business practices, contributing to long-term success and continued growth.