MACC urges tighter governance at Felda and subsidiaries over two projects
KUALA LUMPUR, Oct 1 — The Malaysian Anti-Corruption Commission (MACC) has proposed governance improvements to the...
The Malaysian Anti-Corruption Commission (MACC) has urged the Federal Land Development Authority (Felda) and its two subsidiaries, FIC Supplies Sdn Bhd and FIC Integrated Property Management (FIC IPM), to implement stricter governance measures over two projects. These projects are the Agro Park (Commercial) Project and the Cattle Trading Pilot Project.
The recommendations, put forward by MACC’s Governance Investigation Division (BPT), aim to enhance governance in these initiatives by restructuring FIC IPM’s role as an independent advisory panel, improving procurement and transaction management procedures, and strengthening controls and governance in sales and purchase activities.
Felda and its subsidiaries have welcomed these recommendations and expressed their commitment to implementing them in stages.
Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
