Page 110 - KWAP_AR2022

108 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) FoR BEttER GovERNANcE

STATEMENT ON
CORPORATE GOVERNANCE

THE INVESTMENT PANEL Investment Panel Meetings
KWAP Act also requires the establishment of an Investment During the financial year 2022, 12 Investment Panel
Panel, a body which is responsible for matters pertaining to meetings and four Special meetings were held.
the investment of the Fund established under Section 7(1) A summary of attendance of the Investment Panel Members
of KWAP Act. The Investment Panel is generally responsible is set out below:
to recommend the relevant investment policies and
strategies to be approved by the Board. Further, the Investment Panel Meetings’ Attendance:
Investment Panel shall have the authority and limit as
specified under KWAP Act, KWAP’s Investment Policy, No. Name Attendance
Investment Guideline and/or other relevant policies
currently in force. 1 Dato’ Mohamad Nasir Bin Ab 16/16
Latif – Chairman
Composition of the Investment Panel
2 Encik Mohammad Reezal Bin 13/16
The Investment Panel shall consist of the following Ahmad
members, as stipulated in Section 7(2) of KWAP Act, who
shall be appointed by the Minister of Finance: 3 Dato’ Noorazman Bin Abd Aziz 15/16
4 Dato’ Mohamed Ross Bin 15/16
i. a Chairman who shall be the Chairman of the Board or Mohd Din
such other person as may be appointed by the Minister
of Finance (Section 7(2)(a) of KWAP Act); 5 Encik Mohamed Nazri Bin 9/16
Omar
ii. a representative from the Ministry of Finance (Section
7(2)(c) of KWAP Act); 6 Encik Anthony Lim Choon Eng 16/16
7 Datuk Hajah Nik Amlizan 15/16
iii. the Chief Executive Officer of KWAP, who shall be the
Secretary of the Investment Panel (Section 7(2)(d) of Mohamed
KWAP Act); and
BOARD COMMITTEES
iv. Four (4) other persons from the public or private sector
with experience and expertise in business, investment, In order to assist the Board in discharging its duties, the
banking and finance (Section 7(2)(e) of KWAP Act). Board has established various committees to oversee

A brief profile of each Investment Panel member is specific matters relating to the operations of KWAP,
presented on pages 94 to 97 of this Annual Report. namely the Board Audit Committee, Board Integrity
Committee, Board Risk and Compliance Committee,
Primary Duties and Responsibilities of the Investment Board Nomination and Remuneration Committee,
Panel Board Procurement Committee and Board Disciplinary
Committee. The Board Committees are granted the
The Investment Panel is governed by Section 7(1) of the Act authorities to act on the Board’s behalf in accordance with
and is primarily responsible to approve, among other things, their respective Terms of Reference which are provided in
KWAP’s strategic direction in relation to all investment the Board Charter.
matters which includes investment policy, guidelines, asset
allocation strategy as well as the directions or decisions
for all investment proposals. In discharging its function, the
Investment Panel, where required shall report to the Board
and shall act in accordance with the general policy that
may be issued by the Board and approved by the Minister
of Finance.