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ENRICHING tHE FUtURE ENRICHING NAtIoNAL PRoGRESS ENRICHING StAKEHoLDER VALUE ENRICHING SUStAINABLE IMPACt

StAtEMENt ON CORPORAtE GOVERNANCE (CONtINuED)

Summary of the BNRC’s Activities: BOARD DISCIPLINARY COMMIttEE
Amongst the proposal and notification papers deliberated The BDC is generally responsible for deliberating
and endorsed by BNRC during the year 2023 were: disciplinary cases and implementing appropriate actions
on employees in accordance with KWAP’s Disciplinary
a) Payment of Bonus 2022 and Annual Increment 2023; Policy and guidelines.
b) Renewal of Several Contracts of Employment of Heads Membership
of Departments in KWAP;
There were no members appointed by the Board as there
c) Proposal to Establish a Workplace Harassment Policy were no BDC meetings held throughout the year 2023.
for KWAP;
Composition of the BDC Membership
d) Proposal to Approve the Board, Board Committees
and Investment Panel Remuneration Policy; The BDC shall comprise three Board members, namely
a Chairman who is the chairman of the BNRC and two
e) Proposal on the People Strategy for Kumpulan Wang members who shall be appointed by the Board.
Persaraan (Diperbadankan) [KWAP]; and
APPOINtMENt AND REMuNERAtION OF BOARD
f) Notification on the Outcome of KWAP Board and AND INVEStMENt PANEL MEMBERS
Investment Panel’s Effectiveness Assessment Exercise
2022. As prescribed under the KWAP Act, the Board and the
Investment Panel members are appointed for a period
BOARD PROCuREMENt COMMIttEE not exceeding three years, and on the expiry thereof are
eligible for reappointment. The remuneration of the Board
The Board Procurement Committee (BPC) was established and Investment Panel is determined from time-to-time,
to assist the Board in discharging its functions with regard subject to the approval of the Minister of Finance.
to evaluation of operational-related procurement proposals.
In 2023, the Board and the Investment Panel members
Membership received a total remuneration of RM1,030,599 and
RM521,860 respectively.
Currently, BPC comprises five Board members, namely a
Chairman and four members who have been appointed by
the Board:
1. YM Raja Teh Maimunah binti Raja Abd Aziz –
Chairman
(Appointed as Chairman on 27 September 2023)
2. Dato’ Maznah binti Abdul Jalil
(Appointed on 31 March 2023)
3. Datuk Ahmad Terrirudin bin Mohd Salleh
(Appointed on 30 November 2023)
4. Encik Adnan Zaylani bin Mohamad Zahid
5. Encik Abdul Rahman bin Mohd Nordin
6. Datuk Siti Zainab binti Omar – Chairman
(Retired on 30 May 2023)
7. Dato’ Sri Sharifah Sofianny binti Syed Hussain
(Term ended on 28 February 2023)

Four BPC meetings and two Special BPC meetings were
held throughout the year 2023.

116 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INtEGRAtED REPoRt 2023