General : MACC Proposes Governance Improvements For FELDA, Two Subsidiaries

The Malaysian Anti-Corruption Commission (MACC) has proposed governance improvements for the Federal Land Development Authority (Felda) and two of its subsidiaries, FIC Supplies Sdn Bhd and FIC Integrated Property Management (FIC IPM). The recommendations were put forward by MACC's Governance Investigation Division (BPT) to enhance governance in the implementation of the Agro Park (Commercial) Project and the Cattle Trading Pilot Project.

Key recommendations include restructuring FIC IPM's role as an independent advisory panel for objective, transparent advice free from conflicts of interest, and strengthening procurement and transaction management procedures through specific Standard Operating Procedures (SOPs) for RFP and variation orders. Felda and its subsidiaries welcomed the recommendations, expressing their commitment to implementing them in stages.

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