CORPORATE GOVERNANCE

Our Corporate Governance Framework is described in depth in the Sonnedix Corporate Governance Guidelines, which provide the Sonnedix Board of Directors, its various committees, individual directors and management with the framework for governance within the Sonnedix Group.

The guidelines define the way Sonnedix and its entities are governed, marking the structure of the business as outlined below:

Board of Directors

• Consists of the Chairman, CEO and five other directors.

• Members are legally responsible individuals and representatives of Sonnedix.

• All authority for decisions and actions rests with the Board of Directors, except where specifically delegated to Board committees and/or the Senior Leadership Team. Choices to further delegate authority to any functional managers or any other specified person are made by the CEO.

Senior Leadership Team

• Consists of the Chief Financial Officer, Chief Growth Officer, Chief Operations Officer and Chief People Officer.

• Drives implementation of our corporate strategy, performance and leads our people.

Senior Management Team

• Responsibility over the day-to-day operation, control and functional decisions in running the company.

• Consists of senior managers from multiple functions across the business.

Sonnedix ‘One Team’

• The Sonnedix One Team is ultimately responsible for executing the strategy of the company and ensuring all efforts are taken to achieve Sonnedix’s goals.

• Every team member should comply with Sonnedix’s policies and code of conduct.

Board Of Directors

Our Board of Directors consists of executives who provide strategic leadership and bring diverse perspectives and professional expertise in all aspects of renewable energy to drive long-term value for the company.

They work together to ensure that Sonnedix continues to contribute to the global energy transition while growing sustainably, profitably and responsibly. Our Board is uniquely positioned to effectively guide our strategy and oversee our rapidly growing operations.

To evaluate its performance, our Board undertakes effectiveness reviews at least every other year. As part of the 2022 Board effectiveness survey, the members of the Board evaluated effectiveness against a number of topics, including risk management, strategy, performance and ESG initiatives.