A team from professional services network of firms from PricewaterhouseCoopers was invited to provide a business management risk control course to the management of several local public capital companies.
The course held between January 21 and 22 was organised by the Office for the Planning of Supervision of Public Assets in the Macau Special Administrative Region (GPSAP) in cooperation with the Macau Productivity and Technology Transfer Center (CPTTM).
In total, the training brought together 40 people, including GPSAP staff and senior managers of publicly traded companies in which the MSAR or other public legal entities hold financial interests of more than 50 per cent.
The training course focused on how public companies can achieve development targets, increase the capacity for risk prevention and control, keep operating regularly and create internal audit functions.
Headed by former Secretary for Administration and Justice Sonia Chan Hoi Fan, the GPSAP was created to oversee local public capital entities.
New administrative regulations enforced on June, 2020 mandated that publicly traded companies in which the Macau SAR or other public legal entities hold, directly or indirectly, and cumulatively, financial interests of more than 50 per cent would have to disclose their company and financial information to the office.