Africa-Press – Angola. The General Inspectorate of the State Administration (IGAE) and the Capital Markets Commission (CMC) signed, this Monday (2), in Luanda, a cooperation agreement with the aim of strengthening the relationship and deepening strategies in relevant matters. , namely, Compliance, Corporate Governance, Risk Management, Prevention of Corruption and Related Offenses.
The inspector general of the State Administration, Sebastião Ngunza, and the chairman of the CMC Board of Directors, Maria Wini Baptista, initialed the document.
Maria Wini Baptista said that the agreement will allow the carrying out of exchange actions between the Institutions, to safeguard mutual interests, improving and stimulating areas considered to be convergent, above all in the fields of training and Financial Education.
In turn, Sebastião Ngunza said that the protocol aims to create adequate communication channels for greater fluidity in the sharing of information, which will add value to the inspection, verification, auditing and other processes.
He announced that the partnership has always existed in the material aspect, but by moving now to the formal level, it will gain a dimension of greater responsibility, which will impel the two institutions to communicate more frequently for the materialization of the commitments expressed in the signed instrument.
The inspector general praised the vision and sense of institutional responsibility of the Capital Markets Commission in accepting to formalize cooperation with IGAE. “This agreement will contribute to the prevention and fight against bad administrative practices in the management of public affairs”, he underlined.
He mentioned that the path towards achieving this objective began in 2019 on the basis of contacts made with the Ministry of Finance, with which he formalized the first instrument of institutional cooperation that, so far, has proved to be quite fruitful.
“Since that date, similar experiences have followed with other institutions and, today (yesterday), following the resilient work developed by the technical teams and the result of the courage and interest shown by both institutions, we witnessed the signing of the long-awaited Cooperation Protocol and Information Sharing”, explained Sebastião Ngunza.
The CMC is an institution that regulates, supervises, supervises and promotes the capital market and the activities that involve directly or indirectly intervening agents, with a view to achieving objectives such as protecting investors, ensuring efficiency, regular operation, transparency and prevent systemic risk.
These premises place CMC in the chain of institutions that compete for the best implementation of internal control, through the important inspections that it carries out in specialized matters, converging with the object of action.
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