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KUALA LUMPUR (Dec 20): The Federal Land Development Authority (Felda) said today it received a visit from the Malaysian Anti-Corruption Commission (MACC) on Tuesday (Dec 18) following the MACC's review of Felda's previous Project Caviartive as part of the commission's efforts to help government agencies to heighten governance and management standards.
Today, Felda said: "Many of the suggestions made especially in the areas of policy, investment procedures and risk management had already been acted upon following the appointment of Felda's new board since end of July 2018."
"Prior to this, Felda had already established its integrity unit. Felda is thankful to the MACC for their diligent findings, as all these contribute to enabling greater professionalism and higher standards of integrity within the organisation," Felda said. — theedgemarkets.com
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