A team from PricewaterhouseCoopers’ Professional Services Network of Firms has been invited to offer a corporate governance risk control course for the management of several local public corporations.
The course, held between January 21-22, was organized by the Office for the Planning of Public Assets Monitoring in the Macau Special Administrative Region (GPSAP) in collaboration with the Macau Productivity and Technology Transfer Center (CPTTM).
A total of 40 people attended the training, including GPSAP employees and executives of publicly traded companies in which the MSAR or other public legal entities hold more than 50 percent financial interests.
The training course focused on how public corporations can achieve development goals, increase risk prevention and control skills, keep working regularly, and establish internal audit functions.
Under the direction of former Secretary of Administration and Justice, Sonia Chan Hoi Fan, the GPSAP was created to monitor local public corporations.
New administrative regulations enforced in June 2020 required publicly traded companies that the Macau Special Administrative Region or other public legal entity directly or indirectly and cumulatively hold financial interests of more than 50 percent to disclose their corporate and financial information to the office.
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