Page 117 - KWAP_Integrated-Report_2023

ENRICHING PERFORMANCE AND COMMITMENTS ENRICHING ACCOUNTABILITY AND INTEGRITY ENRICHING RESILIENCE AND SUSTAINABLE GROWTH OTHER INFORMATION

BOARD RISK AND COMPLIANCE COMMIttEE e) Proposal to Approve the Revision of KWAP Risk
Appetite Statement and Formalisation of the Key Risk
The Board Risk and Compliance Committee (BRCC) Indicators and Risk Treatment Plan;
was established to assist the Board in reviewing the
risk management strategies, determining risk appetite, f) Proposal to Approve the Revision of the Investment
reviewing the risk management framework, policies and Risk guidelines;
limits, reviewing risk exposures and overseeing the overall
risk management. g) Proposal To Approve the Disestablishment of the
Credit Value-At-Risk Policy and guideline; and
Membership
h) Proposal to Approve Risk Management & Compliance
Currently, BRCC comprises five Board members, namely Department’s Business Plan for 2024.
a Chairman and four members who have been appointed
by the Board: BOARD NOMINAtION AND REMuNERAtION
COMMIttEE
1. Dato’ Maznah binti Abdul Jalil – Chairman
(Appointed as Chairman on 31 March 2023) The Board Nomination and Remuneration Committee
(BNRC) was established to assist the Board in discharging
2. Dato’ Azmi bin Abdullah
its functions with its primary responsibility to establish the
3. Encik Adnan Zaylani bin Mohamad Zahid relevant policy framework in determining the appointment
4. YM Raja Teh Maimunah binti Raja Abd Aziz and remuneration of the management and staff of KWAP
and recommend to the Board the performance-related
5. Dato’ Sri Sharifah Sofianny binti Syed Hussain
– Chairman remuneration of the respective staff.
(Term of appointment ended on 28 February 2023)
Membership
6. Dato’ Anis Rizana binti Mohd Zainudin @ Mohd Zainuddin
(Resigned on 25 September 2023) Currently, BNRC comprises five Board members, namely
a Chairman and four members who have been appointed
Six BRCC meetings and one Special BRCC meeting were by the Board:
held throughout the year 2023.
(i) Datuk Dr. Shahrazat binti Haji Ahmad – Chairman
Summary of the BRCC’s Activities: (Appointed on 11 November 2023)

Key issues deliberated by the BRCC in 2023 were: (ii) Dato’ Azmi bin Abdullah
(iii) Encik Adnan Zaylani bin Mohamad Zahid
a) Proposal to Approve the Revision of Risk and
Compliance Committee Membership in its Terms of (iv) Encik Abdul Rahman bin Mohd Nordin
Reference; (v) Dato’ Maznah binti Abdul Jalil

b) Proposal to Approve the Revised Risk Matrix and (Appointed on 1 March 2023)
Parameters; (vi) Dato’ Anis Rizana Mohd Zainudin @ Mohd Zainuddin
– Chairman
c) Proposal To Approve Risk Management and (Resigned on 25 September 2023)
Compliance Department’s Departmental Scorecard
For 2023; (vii) Dato’ Sri Sharifah Sofianny binti Syed Hussain
(Term ended on 28 February 2023)
d) Proposal to Approve the Establishment of Sustainability
Risk Framework and Policy; Five BNRC meetings and one Special BNRC meeting were
held throughout the year 2023.

115