PricewaterhouseCoopers invests in its people for the future

Singapore, 24 October 2008 - Despite concerns about the global economy, professional services firm PricewaterhouseCoopers (PwC) continues to invest in its people for the future by bringing over 300 people together from 13 PwC offices in mainland China, Hong Kong and Singapore, for the PwC Cup - Challenge 2008, held on 17-19 October in Beijing, a month after the Beijing 2008 Olympic Games and Paralympic Games.

The PwC Cup – Challenge 2008, PwC’s third annual sporting event, aims to enhance inter-office relations and encourage team-building in a competitive, fun, challenging and friendly environment through a unique series of events that require strategic, physical and intellectual performance as a team. Building on the momentum of the Olympic Games, two stages of the PwC Cup were held at the Bird’s Nest stadium training grounds and the picturesque Shisanlin Reservoir, the triathlon venue of the Games.

Apart from the many team-building aspects, the teams had an extra incentive to excel this year. Through PwC’s corporate social responsibility programme, the firm announced its support of the renovation and long-term development of a school in an impoverished rural county of Fujian province. In one of the team challenges at the PwC Cup, participants had to construct a device from basic materials to transport an object over a set distance. For every two metres achieved, the firm committed to donate RMB 1,000 (S$220), bringing the total funds raised to RMB 500,000 (S$110,000). The greater the distance covered, the greater the impact the teams would have on the educational development of these children.

The 300 competitors from mainland China, Hong Kong and Singapore formed 60 teams in the PwC Cup, to compete in different stages where participants encountered a series of outdoor challenges and were tested on team work, strategy and flexible planning, time management, resources allocation, lateral thinking and physical endurance.

“At PricewaterhouseCoopers, we have always offered initiatives that encourage work-life balance as it helps our people optimise their performance at work. Expanding on this philosophy, people from different offices are encouraged to get connected through fun activities and to give back to the community” said Deborah Ong, Human Capital Partner at PwC Singapore. “These programmes are all part of the unique PwC Experience which places a keen emphasis on team building so that people share and collaborate to achieve success. We also want to ensure we not only create real value for our clients and our people, but also give back to our society through corporate social responsibility programmes.”

Since PwC considers its people as its most valuable asset, it has gone to great lengths to promote the “PwC Culture”. This culture gives PwC people the chance to accomplish their goals outside of work, which was recently proven when three PwC professionals respectively won gold, silver and bronze medals at the Beijing Olympic Games: in hockey for Carlos Nevado, Assurance Associate of PwC Germany and Pol Amat, Assurance Manager of PwC Spain, and in rowing for Manuela Lutze, Tax Manager of PwC Germany, who has previously won two gold medals in the past two Olympics. In total, six PwC professionals qualified to compete in Beijing.


Notes:

1. About PricewaterhouseCoopers – Globally
PricewaterhouseCoopers provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 145,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

“PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.

2. About PricewaterhouseCoopers - China, Hong Kong and Singapore
PricewaterhouseCoopers China, Hong Kong and Singapore operate on a combined basis, subject to local applicable laws. Taken together, we have more than 460 partners and a strength of 12,000 people.

The firm provides a wide range of services to help organisations solve business issues, identify and maximise opportunities. Our industry specialisation enables us to identify trends and customise solutions for your sector of interest. Each line of service is staffed with highly qualified, experienced professionals and leaders in our profession. These resources, combined with our global network, allow us to provide the support you need wherever you may be located.

We are located in these cities: Beijing, Hong Kong, Shanghai, Singapore, Chongqing, Dalian, Guangzhou, Macau, Qingdao, Shenzhen, Suzhou, Tianjin and Xi’an.

China
www.pwccn.com

Hong Kong
www.pwchk.com

Singapore
www.pwc.com/sg


Media Contacts

Chia Sher Ling
Manager, Marketing & Communications
Direct Tel: +65 6236-3961
Email: sher.ling.chia@sg.pwc.com