MACC proposes governance improvements for Felda, two subsidiaries
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has proposed governance improvements to the Federal Land Development Authority (Felda) and two of its subsidiaries to strengthen the management of two projects under the agency.
The Malaysian Anti-Corruption Commission (MACC) has recommended governance improvements for the Federal Land Development Authority (Felda) and two of its subsidiaries. The recommendations were made by MACC's Governance Investigation Division (BPT) to bolster oversight for two projects: the Agro Park (Commercial) Project and the Cattle Trading Pilot Project.
The suggestions focus on restructuring FIC IPM's advisory panel to ensure objective, transparent advice free from conflicts of interest. Felda is also advised to establish clear standard operating procedures for procurement and transaction management, enhancing consistency and transparency in line with regulations. Additionally, MACC proposes bolstering controls in FIC Supplies' sales and purchase activities.
The proposals were presented to Felda and its subsidiaries, who welcomed the recommendations and committed to implementing them in stages. Formal agreement was reached through a Governance Improvement Report signed by Felda officials and MACC BPT director.
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