Lagenda Properties is one of Malaysia’s top affordable housing developers. This real estate company recently made headlines in a probe initiated by the Malaysian Anti-Corruption Commission. Hence, the question of corporate governance and compliance by the company has arisen.
While the investigation was ongoing, it affirmed its commitment to transparency and addressing issues raised by relevant stakeholders. Encouraged by the investigation, Lagenda Properties has not wavered from its future plans.
The company has committed further to more robust corporate governance mechanisms to curb incidents like this in the future. By doing this, Lagenda would just be making an example of itself to other industry players to further appreciate the reputation of being a trusted name in affordable housing.
Apart from the internal efforts, the company is coordinating with the MACC unit to hasten the resolution of the inquiry through an intense procedure. It is also a manifestation of sustainability because of compliance and accountability.
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