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FAMA Stock Management in Business Operations [ 14 Feb 2019 ]

The Federal Agricultural Marketing Authority (FAMA) accepted four proposals by the Negeri Sembilan MACC Inspection and Consultancy Unit (UPMP) concerning stock management in business operations.

FAMA Negeri Sembilan State Director Muslim Manja agreed to all four recommendations and pledged his commitment to implement all the proposals.

The Consultation Session was led by Negeri Sembilan MACC Deputy Director PPj Yasmin Azura Yahya at the FAMA State Office on 14 February 2019.

Among the recommendations proposed are:

Evaluating FAMA Business Circular No.1 Year 2012 especially regarding sales transactions to minimize risks of corruption, misappropriation of funds and abuse of power.

Establishing internal controls through Internal Orders especially in the price fixing process to prevent the risk of price manipulation. In addition, all cash sales transaction must be deposited to the bank account of the officer-in-charged and this has to be monitored.

Establishing a business code of ethics that emphasized on the integrity of the entity as well as FAMA officers.

In collaboration with MACC, creating awareness on corruption, misappropriation of funds and abuse of power consistently among all operations officers as well as staff.

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