Felda to embark on group-wide structural reform

Felda is facing serious cash flow problems while LTH has gone into investments that face huge impairments. Both entities would need to divest assets and the easiest is to look at the listed companies,

PETALING JAYA: The Federal Land Development Authority (Felda) will initiate group-wide structural reform to raise the level of professionalism based on the highest standards of corporate governance as part of the several short-term measures that have been identified to improve accountability and integrity within the government-linked company.

The appointment of its management team will also be made up of professionals of credible stature and free of political interference to ensure that management is transparent and responsive, the Felda White Paper said.