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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 Federal Land Development Authority (Felda) and two of its...

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反贪污委员会敦促联邦土地发展局及其子公司加强对两个项目的治理

The Malaysian Anti-Corruption Commission (MACC) has recommended governance enhancements for the Federal Land Development Authority (Felda) and its subsidiaries, FIC Supplies Sdn Bhd and FIC Integrated Property Management.

These recommendations aim to improve the management of Felda's Agro Park (Commercial) Project and Cattle Trading Pilot Project.

Key proposals include restructuring FIC IPM's advisory role, strengthening procurement procedures with specific SOPs, and enhancing transaction controls for FIC Supplies.

Felda has welcomed the recommendations and committed to implementing them gradually, as formalized in a Governance Improvement Report signed alongside MACC officials.

KUALA LUMPUR, Oct 1 — 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.

In a statement yesterday, MACC said the subsidiaries involved were FIC Supplies Sdn Bhd (FIC Supplies) 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.

Among the recommendations for Felda was the restructuring of FIC IPM’s role as an independent advisory panel to ensure that all views and advice provided are objective, transparent and free from conflicts of interest.

“MACC BPT also recommended that Felda strengthen its procurement and transaction management procedures by establishing specific Standard Operating Procedures (SOPs) for procurement methods involving request for proposal (RFP) and variation orders,” the statement said.

MACC said the measures were important to ensure that the processes were carried out consistently, systematically and transparently in line with established regulations and internal controls.

The recommendations also include improving existing procedures related to FIC Supplies’ sales and purchase activities to strengthen controls and governance in the company’s transactions.

The proposals were presented by MACC BPT deputy director I Maznah Che Muda at Menara Felda here on Monday.

Meanwhile, Felda and its subsidiaries welcomed the recommendations to strengthen governance, transparency and integrity within the agency, while expressing their commitment to implement them in stages.

The agreement to adopt the recommendations was formalised through the Governance Improvement Report signed by Felda deputy director-general (Corporate Services) Muhammad Fitri Othman, FIC Group chief executive officer Syed Fadil Syed Sofi and MACC BPT director Datuk Mohd Zaki Hassan. — Bernama

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