Federation of Malaysian Manufacturers calls for stronger governance, management of HRD Corp

Auditor-General’S Report News

Federation of Malaysian Manufacturers calls for stronger governance, management of HRD Corp
Public Accounts Committee PACSoh Thian LaiFederation Of Malaysian Manufacturers
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KUCHING, July 6 — Following the release of the Auditor-General’s (AG) Report 2/2024 and Public Accounts Committee (PAC) findings on Human Resource Development Corporation (HRD...

Fahmi says govt won’t stop MACC probe into HRD Corp for irregularities highlighted in audit; ministerial replies only after parliamentary debateFMM president Tan Sri Soh Thian Lai said HRD Corp is the sole custodian of the human resources development fund, which is contributed by employers towards the human capital development and upgrading of their employees.

“Based on some of the glaring findings of the reports, it is imperative for greater accountability in the management of HRD Corp funds and stronger oversight by the board to ensure compliance with the provisions of the PSMB Act 2001 and established procedures and guidelines. “It is also proposed that a thorough review of the Act be commissioned including the possible removal of the investment portfolio and giving authority to the board to contribute on the appointment of the chief executive of the organisation,” he said in a statement yesterday.

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Public Accounts Committee PAC Soh Thian Lai Federation Of Malaysian Manufacturers HRD Corp Human Resource Development Corporation HRD Corp

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