MACC submits governance proposals to Felda, subsidiaries

The Malaysian Anti-Corruption Commission (MACC) has presented a set of governance improvement proposals to the Federal Land Development Authority (Felda) and its two subsidiaries, FIC Supplies Sdn Bhd and FIC Integrated Property Management (FIC IPM). The recommendations aim to enhance transparency in the implementation of two commercial projects: the Agro Park and the cattle trading pilot project. These proposals were put forth through MACC's governance investigation division.

The key recommendations include restructuring FIC IPM's role as an independent advisory panel to ensure that the advice provided is more objective, transparent, and free from conflicts of interest. Additionally, Felda has been advised to establish specific standard operating procedures for procurement methods, such as requests for proposals and variation orders. This move is intended to strengthen internal controls and transparency in the organization.

Felda and its subsidiaries have welcomed the recommendations and have pledged to implement them in stages, according to a Facebook post from MACC. The agreement on these proposals was finalized through a governance improvement report signed by key officials, including Felda's deputy director-general of services, Fitri Othman, FIC group CEO Syed Fadil Syed Sofi, and MACC's governance investigation division director, Mohazaki Hassan.