MACC submits governance proposals to Felda, subsidiaries
The recommendations include improving SOPs and restructuring the independent advisory panel.
The Malaysian Anti-Corruption Commission (MACC) has presented several recommendations aimed at improving governance to the Federal Land Development Authority (Felda) and two of its subsidiaries. These proposals were submitted through the MACC's governance investigation division and were approved after a report was signed by top officials of Felda, FIC Supplies Sdn Bhd, and FIC Integrated Property Management (FIC IPM).
One key suggestion is the reorganization of FIC IPM's role as an independent advisory panel to ensure the advice given is more impartial, transparent, and devoid of any conflicts of interest. Additionally, Felda has been advised to establish specific standard operating procedures for procurement methods, including requests for proposals and variation orders. Furthermore, the agency recommended enhancing transaction procedures by FIC Supplies to bolster internal controls and transparency.
Felda and its subsidiaries have acknowledged the recommendations and have pledged to implement them in stages. This agreement was reached following the signing of a governance improvement report by Fitri Othman, Felda's deputy director-general of services, Syed Fadil Syed Sofi, FIC group CEO, and Mohazaki Hassan, director of the MACC's governance investigation division.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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