Investment Unit
- Plan commercial investment proposals upon identification from the KEJORA Strategic Planning Division.
- Examine and evaluate investment proposals in the form of real estate and finance, especially from the aspect of Return on Investment (ROI) to KEJORA.
- Monitor the implementation of KEJORA commercial/ joint venture projects in accordance with the stipulations in the planning/ agreement that has been agreed/ signed.
- Review KEJORA’s investment proposals including a study on the sustainability/ direction of the agency’s self-financing.
Background
Background
The Investment Unit was established as an extension of the MACC Advisory Services session which was signed by the General Manager on 2 February 2016. In addition, in the Auditor General’s Report No. 3/ 2016 on property administration in KEJORA also supports more specific monitoring of privatization projects and property development management.
The Investment Unit was formally established administratively under the General Manager’s Office Unit on 2 July 2017 by carrying out the functions of the unit covering three major areas in line with the decision of the Special Meeting of the Investment Unit No. 2/2017 dated 10 December 2017 chaired by the General Manager of KEJORA as follows:
- Corporate Governance/ Investment Management Services Sector
- Real Estate and Commercial Development Sector
- Funds And Equity Management Sector
To strengthen the governance of KEJORA Investment towards a ‘Good Corporate Governance’, several relevant Committees have been established. The list and functions of the Committee are detailed as in the table below:
No. |
Name of Committee |
Function |
Date Established |
1. | KEJORA Investment Committee (JPK) | This Committee is responsible to the Board of Directors of KEJORA to implement such investment methods as it deems suitable and appropriate based on the guidelines set out in accordance with the approved Trust Instructions. | 12 April 2012 |
2. | Initial Assessment Committee (IAC) | This committee is responsible for reviewing ongoing issues and problems in KEJORA’s investment management and subsequently recommending immediate, medium and long-term improvement measures for the planned investments. | 18 March 2019 |
3. | KEJORA Remuneration and Nomination Committee (JPIK) | The Committee is responsible for reviewing, evaluating and scrutinizing for the appointment of the Board, Chief Executive Officer, Chief Operating Officer and Chief Financial Officer of KEJORA Subsidiaries and then recommending to the KEJORA Board for consideration and approval. | 23 February 2020 |
Main Functions
CORPORATE GOVERNANCE/ MANAGEMENT SERVICES
- Preparation and compliance of KEJORA’s investment policy
- Examine and evaluate investment proposals in the form of real estate and finance for commercial projects and joint ventures, especially from the aspect of Return on Investment (ROI) to KEJORA.
- Coordinate and monitor the activities and performance of subsidiaries including project/ financial performance, fund distribution and reference centres for subsidiary investment matters.
- Monitor and ensure cash flow for Return on Investment/ ROI for commercial projects/ joint ventures of KEJORA is in accordance with the plan/ agreement set.
- Review KEJORA’s investment proposals including a study of sustainability/ towards the direction of self-financing.
PROPERTY AND COMMERCIAL DEVELOPMENT
- Coordinate the appointment of real estate and private appraisers for the purpose of acquisition/ disposal of investment assets, short-term, medium-term and long-term investments.
- Coordinate the application for proposals for viable KEJORA joint venture projects (Housing/ Agriculture/ Tourism).
- Coordinate and re-evaluate KEJORA’s investments in existing commercial investment areas in appropriate areas (viability & sustainability).
- Monitor KEJORA’s joint venture/ private investment agreements in accordance with the investment returns stipulated in the agreement/ understanding.
FUNDS AND EQUITY MANAGEMENT
- Coordinate the appointment of real estate and private appraisers for the purpose of acquisition/ disposal of investment assets, short-term, medium-term and long-term investments.
- Coordinate the application for proposals for viable KEJORA joint venture projects (Housing/ Agriculture/ Tourism).
- Coordinate and re-evaluate KEJORA’s investments in existing commercial investment areas in appropriate areas (viability & sustainability).
- Monitor KEJORA’s joint venture/ private investment agreements in accordance with the investment returns stipulated in the agreement/ understanding.