​Corporate Scorecard 2017


Stakeholder's ​​Objective​KPI Measurement​Annual Target
​1. Grow Fund Size (market value)a) ​Percentage of growth in fund size​a) Increase fund size (market value) by 7% from RM127 billion to RM136 billion
​2. Internalise new vision, mission and core values and strengthen new corporate culture

a) ​Implementation of initiatives​a)​​ Conduct at least four (4) internal campaign programs

Formalise  KWAP’s Employee Value Proposition
​3. Integrate responsible investing and sustainability​a) Implementation of initiatives


b) Implementation of initiatives
​a) Implement six (6) initiatives identified under this objective

b) Management level to attend at least 15 AGMs/EGMs

Conduct at least 25 company visits and one (1) regional visit​
​4. Active role in Malaysia’s governance and pension landscape

​​a) Implementation of initiatives​a) Implement four (4) governance related initiatives

Implement two (2) pension landscape related initiatives 

​​Financial Objective​KPI Measurement ​​​Annual Target
1. ​Achieve target return

a) Total return (realized & unrealized income/loss)



b) Realized income



a) Customized benchmark (weighted average of all asset classes benchmarks)

5-year rolling real GDP​

b) Achieve 80% of Total Return (realization factor)​​
​​​​​

a) Total return outperform customized benchmark 

Outperform 5-year rolling real GDP

b) ROI of 4.80% - 5.00%

2. Implementation of MFRS 9 
a) Percentage of initiatives completeda) ​100% completion of MFRS 9 initiatives 
​3. Effective financial management and monitoring
a) Implementation of initiatives
a) ​Implement three (3) initiatives identified under this objective

​Operational Objective​KPI Measurement​​​Annual Target
​​1. Accelerate transformation of Pension Services and offer value added products / services

a) ​Number of initiatives implemented​






b) Achievement of service level index as per agreement with the Government

a)​ Implement at least four (4) out of five (5) (≥75%)  transformation related initiatives

Implement two (2) value added products / services related initiatives 


b) Minimum of 90% index level​
2. ​​Introduce new / enhance existing investment strategiesa) ​Number of initiatives implemented​


b) Percentage of investment proposals approved by the Investment Panel 
a)​ Implement at least 14 out of 18 (≥75%) initiatives identified under this objective

b) At least 90% of investment proposals approved by the Investment Panel 
3. Continuous improvement to achieve operational excellence

a) Number of initiatives implemented


b) Percentage of compliance to legislations / regulations

c) Percentage of audit observations closed over stipulated time 

d)  Opinion by statutory auditor 


e)  Opinion by Auditor General in relation to performance audit
a) ​Implement at least 12 out of 16 (≥75%) initiatives identified under this objective

b) 100% closure


c) 100% closure


d) Obtain unqualified Audit Certificate for the Financial Statements

e) Non qualified audit report and all findings raised to be resolved within 6 months
4. Enhance​ operational risk management and internal controls
a) ​Implementation of initiatives

a) Implement two (2) initiatives identified under this objective​

​Learning & Growth Objective​KPI MeasurementAnnual Target
​1. Contribute towards the nation’s talent pool​a) Number of initiatives implemented​a) Implement at least four (4) out of five (5) (≥75%)   initiatives identified under this objective
​2. Continuous talent development​a)  Number of initiatives implemented​a) Implement three (3) initiatives identified under this objective

Achieve 15% talent back up ratio (currently the back up ratio stands at 10%)
​3. Align with changing work environment​a) Number of initiatives implemented​​a) Implement two (2) initiatives identified under this objectives