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Tan Sri Abdul Wahid OmarGroup Chairman
Permodalan Nasional Berhad
9 November 2017
KEYNOTE ADDRESS
Reinforcing Corporate Integrity: Top Down And All Around
1
1. Integrity as one of the core values of a good & sustainable
leader
2. Reinforcing Integrity in Society and Corporate Malaysia
3. Update on PNB
3 PARTS..
2
To take the family out of poverty
Accountancy as a profession
Graduated from ACCA & started career in 1987
3
7
1. Unquestionable Integrity
2. Competency
3. Humility
Three prerequisites to becoming a good and sustainable leader
9
• Credibility - the person has the competency or authority to speak on the subject matter
• Reliability - the person has delivered on what he promised in the past. Dependability and track record if you like
• Intimacy - the personal commitment of the leader towards his staff or constituency
• Self Orientation - the leader has vested interest in the outcome of the issue at hand
Source: Charles H. Green, Trusted Advisor
The concept of Trust Equation
1. Integrity as one of the core values of a good & sustainable
leader
2. Reinforcing Integrity in Society and Corporate Malaysia
3. Update on PNB
3 PARTS..
10
12
Malaysia's ranking in Transparency International's Corruption Perceptions Index in 2016 will improve over time
13
Both the givers and recipients of bribes to be
charged and punished
Corruption would persist as long as there are
parties who are prepared to pay their way into
lucrative contracts and favours
Zero Tolerance
1. Integrity as one of the core values of a good & sustainable
leader
2. Reinforcing Integrity in Society and Corporate Malaysia
3. Update on PNB
3 PARTS..
18
3.519.0
57.5150.4
271.1
19
81
19
90
20
00
20
10
2017
(RM Billion)
UTFs
229.9
Proprietary
41.2
Honoured to be appointed as Group Chairman of PNBThe largest fund management company in Malaysia with AUM exceeding RM270 billion
Sept 30,
20
21
Major investor in Bursa MalaysiaInvesting more than RM180 bill ion in domestic public equities across most major
Malaysian corporates
The categorisation of companies are as follows:* Strategic : Public listed companies where PNB owns majoritycontrol* Core : Companies that PNB owns more than 10% or RM 1billion of investment value1 Based on Market Value of PNB & UTFs’ investment in public
equities listed on Bursa Malaysia, as at September 29, 2017
RM186.4 billion1
Investment in Bursa
10.1%
RM1,845.49 bilBursa Malaysia Total Market Capitalisation
As at Sept 30, 2017
STRATEGIC COMPANIES
48% 53% 66%
58% 71% 58%
SELECTED CORE COMPANIES
20%21%
10%
18%18%
14% 13%14%
12%
13%
11% 11%
10% 10% 9% 9%
Outlined 15 initiatives under 3 strategic pillarsPNB STRIVE-15
BUILDING A DISTINCTIVE WORLD CLASS INVESTMENT HOUSE
ENHANCING SUSTAINABLE RETURNS
OptimiseAsset Allocation
1 BoostDomestic Public
Equity Performance
2 Increase Exposure in
Private Equity and Fixed Income
3 Rationaliseand Enhance
Property Investments
4
Diversify into Global Assets
5
Robust Investment Process
6
Efficient Portfolio
Oversight
7 8
Faster Asset
Turnaround via Monetisation
EFFECTIVE INVESTMENT MANAGEMENT
DRIVING OPERATIONAL EXCELLENCE
I
II
III
Sound Governance
Practices
9 11 13
Delivering on Social
Objectives
15
Efficient Capital & Liquidity
Management10
Maintain Unit Trust Industry
Leadership
12
Total IT Transformation
14
Cultivating a Pro-active Risk
CultureEnergised&
High-Performing Human Capital
22
Our people have been busy executing the Strategic Plan Focusing on initiatives under the 1st strategic pillar of Enhancing Sustainable Returns
STRATEGIC PILLAR I:
ENHANCING SUSTAINABLE
RETURNS
1
2
43
5
OptimiseAsset Allocation
Boosting Domestic Public Equity Performance
Diversify into Global Assets
Increase Exposure in Private Equity and
Fixed Income
Rationaliseand Enhance Property Investments
Commenced and in-progress
In planning and preparation stage
23
Transformation of PNB Strategic Companies is gathering momentum with a number of corporate exercises announcedtotal value of strategic companies increasing by RM24 bill ion to date
Price Change (%) Increase in M’cap(RM bil)
YTD performance
as at Oct 31, 2017
Boosting Domestic Public Equity Performance
2
Rationaliseand Enhance
Property Investments
4
• Expected completion by early December 2017 for the separate listings of Plantation and property unit
Corporate Developments
Sime Darby
• Completed the de-merger of Oil & Gas business by UMW Holdings Berhad to create a more focused auto and industrial player
• Recapitalisation exercise by UMW Oil & Gas targeted to be completed by mid-October 2017
UMW Group
• Proposed acquisition of I&P Group to create largest property company in Malaysia expected to be completed by end of December 2017
S P Setia
• Announced the de-merger of CCM Duopharmaand CCM Berhad to create a more nimble and focused group
CCM
KLCI
Weighted Average
+12.8%
+13.6%
+24.1%
+78.2%
+4.5%
+16.2%
14.3
7.5
0.8
0.4
1.0
0.1
+6.5% 1,747.9/ 1,641.7
+13.2% 24.0
24
Whilst continuing to deliver on our Corporate Responsibility programs
2016Since
inception
TapahPerak
215,000visitors
3.4 milvisitors
365days
95,000participants
563,000participants
4categories
146,000participants
339,000participants
104schools
139,000participants
718,000participants
Financial LiteracyEducation
PNB Chartered
Accountant Programme
Global &
local scholarships
SkimLatihan
1Malaysia
1,000 Bumiputera
chartered accountants
by 2022
Almost
500 candidates to
date
More than
600scholarships
in 2016
2,400scholarships
since inception
413participants
trained
Programmeextended to
12 months
Employability
5,000affordable homes by
2022
Planning started for
pilot project
Affordable Homes
25
0.5 11.8
36.0
119.1
217.7
1981 1990 2000 2010 Sep-16Sept 2017
Mobilising all Malaysians’ savingsPNB currently has more than 13.2 mill ion Malaysian accounts with 217.7 bil units
in circulation
(billion units)
0.8
5.1
7.8
10.3
13.2
1981 1990 2000 2010 Sep-16Nov-16
(million)
CAGR: 18.5%
CAGR: 8.2%
Number of AccountsUnits in Circulation
Sept 2017
26
27
Will be implemented from
1 Jan 2018
Malaysian babies born from 1 January 2018 to
31 December 2022
Will receive 200 free incentive trust fund
units
Involves two funds namely Amanah Saham
Bumiputera (ASB) for Bumiputera babies and
Amanah Saham 1Malaysia (AS 1Malaysia) for non-
Bumiputera babies
Will be credited automatically in the unit
trust funds after the registration process is
completed by their parents or guardian
UNITS
28
Reinforcing Integrity: Top Down and All Around
• Choosing the right leaders for our respective
organisations
• Ensuring the integrity of our records and financial
statements
• Ensuring we do not perpetuate corruption by paying
bribes in order to secure contracts or favours
• To whistleblow when we see acts of dishonesty
Let us all do our respective part &
embrace the spirit of Rukun Negara
o Kepercayaan Kepada
Tuhan;
o Kesetiaan Kepada Raja Dan
Negara;
o Keluhuran Perlembagaan;
o Kedaulatan Undang-
undang;
o Kesopanan Dan Kesusilaan
o Belief In God
o Loyalty To King And
Country
o Upholding The
Constitution
o Rule Of Law
o Good Behaviour And
Morality
29
..When the government of Malaysia faced this precise challenge in 2010, it recognized that only a shift in strategy and organizational focus could break the vicious cycle of incarceration and reduce crime. To that end, the government turned to the National Blue Ocean Strategy (NBOS) Summit. The government had created the NBOS Summit in 2009 to pioneer innovative strategies and new practices that could achieve high social impact at low cost. Each month the NBOS Summit brings together national leaders like the prime minister, the deputy prime minister, and other top ministers, as well as the highest-level civil servants, including those from the nation’s security forces…
Source: Blue Ocean Shift (page 8)
31
Malaysia's NBOS recognised in the new bestseller Blue Ocean Shift
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