MACC pushes governance reforms at Felda and subsidiaries

The MACC's proposals centre on enhancing standard operating procedures and restructuring the independent advisory panel that oversees Felda's operations, according to sources familiar with the submission. The recommendations aim to strengthen governance frameworks and reduce corruption risks within the organisation and its network of subsidiaries.

The move reflects ongoing efforts by the anti-graft agency to improve transparency and accountability standards across Malaysia's statutory bodies and state-linked enterprises. Felda, which manages vast agricultural holdings and employs thousands of smallholders, has faced scrutiny over governance and financial management in recent years.

The MACC's intervention signals heightened regulatory attention on the authority's internal controls and decision-making processes. Implementation of the governance reforms could reshape how Felda structures its advisory mechanisms and manages day-to-day operations.

Felda has not yet issued a formal response to the MACC's proposals. The recommendations are expected to be reviewed by the authority's leadership and relevant stakeholders in coming weeks, with a focus on compliance timelines and implementation roadmaps.