CPCS No. 10 - Clarification on the Grant of Communication Allowance to Certain Officers and Employees

The Governance Commission issues this Notice to confirm and clarify the applicability of DBM BC No. 2024-2 to all GOCCs covered by Republic Act No. 10149.

CPCS Notice No. 9 – Amending Item 4.1. of CPCS Circular No. 2021-001 on the Grant of Year End Bonus and Cash Gift

The Governance Commission issues this Notice to inform all GOCCs that DBM BC No. 2024-03 is applicable to all GOCCs under the coverage of the Governance Commission.

To view a copy of the notice, please click here.

CPCS Notice No. 8 - Use of DBM-IOS for the Attestation of Appointments to GOCC Positions

The DBM-IOS shall continue to be used for the attestation of appointments to GOCC Positions, while the IOS-G is still under review.

Office Relocation of GCG Corporate Governance Offices

For more inquiries, please call us at 5328-2030 to 33 or email us at feedback@gcg.gov.ph

GCG and ADB, launched an Orientation Workshop on Integrating DRRM and GEDSI into the GOCC PES.

The Governance Commission for GOCCs (GCG) launched a two-day orientation workshop focused on integrating Disaster Risk Reduction Management (DRRM) and Gender Equity, Disability, and Social Inclusion (GEDSI) into the Performance Evaluation Systems (PES) of Government-Owned and Controlled Corporations (GOCCs). The event was held at the Asian Development Bank (ADB) headquarters from 10 to 11 September 2024, with participants from various GOCCs. The workshop is part of the Governance Commission’s ongoing efforts to enhance governance within the GOCC sector. 

Notice on the Corporate Governance Scorecard Report - B (CGSR-B) Assessment

In accordance with Section 5 of the Corporate Governance Scorecard (CGS) for GOCCs (GCG M.C. No. 2015-07 3rd Issue), the Governance Commission reminds all GOCCs of the start of the second part of the CY 2023 CGS Assessment on 01 October 2024.

To view the copy of the Memorandum, click here.

Governance Commission celebrated the 13th Anniversary of “GOCC Governance Act of 2011”

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) celebrated its 13th anniversary on 04 June 2024 at the Philippine International Convention Center (PICC) in Pasay City with the theme, “Thriving at Thirteen: GCG’s Governance for All—Diversity, Sustainability, and Excellence”.  

The event underscored the Governance Commission’s commitment to embracing diversity, integrating sustainability, and achieving excellence within the Governance Commission and the GOCC sector. 

Governance Commission Conducts Coastal Clean Up Activity

Hundreds of volunteers from the Governance Commission for Government-Owned or -Controlled Corporations (GCG), Philippine Reclamation Authority (PRA), and PEA Tollway Corporations (PEATC) gathered on 04 May 2024 to participate in a significant coastal clean up activity at the Las Piñas-Parañaque Wetland Park (LPPWP) as part of the GCG’s pre-anniversary activities.

This year GCG’s anniversary theme, “Thriving at Thirteen: GCG’s Governance For All – Diversity, Sustainability, and Excellence” highlights the agency’s focus on inclusivity, ecological responsibility, and further uphold sustainable governance.

Governance Commission visits LBRDC Special Economic Zone

Top officials from the Governance Commission for Government-Owned or -Controlled Corporations (GCG) joined the flag-raising ceremony at the LBP Resources and Development Corporation (LBRDC) on Monday, 22 April 2024, at the LBRDC Special Economic Zone (LBRDC-SEZ) in Caloocan City.

During their visit, GCG Chairperson Corpus and Commissioner Hosaka had an opportunity to explore the LBRDC-SEZ and interact with the locators in the area.

On the Grant of RATA and U/CA

The Governance Commission issues CPCS Notice No. 7 for clarification on the grant of Representation and Transportation Allowance (RATA) and Uniform/Clothing Allowance (U/CA).

To view a copy of the notice, please click here.

Governance Commission Conducts First Quarter 2024 En Banc Meeting

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) held its first-quarter 2024 En Banc meeting on 26 March 2024, at the GCG Office in Makati City.

The meeting was graced by several high-ranking officials from the GCG, and the ex-officio members of the Commission, Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman and Department of Finance (DOF) Secretary Ralph G. Recto.

Governance Commission's Inaugural GAD Conference with DBM Secretary Pangandaman

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) made history with its inaugural Gender and Development (GAD) Conference featuring Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman as its Keynote Speaker.

At the event's highlight, Secretary Pangandaman urged everyone to make a difference regardless of gender and to work together to create an environment that fosters equal opportunities for all.

The 2024 GAD Conference is just one of GCG's initiatives demonstrating its commitment to women's empowerment within the GOCC sector.

Notice on the Corporate Governance Scorecard Report - A (CGSR-A) Assessment

In accordance with Section 5 of the Corporate Governance Scorecard (CGS) for GOCCs (GCG M.C. No. 2015-07 3rd Issue), the Governance Commission reminds all GOCCs of the start of the first part of the CY 2023 CGS Assessment on 01 April 2024.

To view the copy of the Memorandum, click here.

GCG Flag-Raising Ceremony with Ms. Venus Raj-Orillan

Photo Caption: [From L-R] Atty. Marius P. Corpus, GCG Chairperson; Maria Venus Bayonito Raj-Orillan, Guest Speaker; Atty. Geraldine Marie B. Berberabe-Martinez, GCG Commissioner; and Atty. Johann Carlos P. Barcena, GCG Executive Director

The Governance Commission for GOCCs (GCG) officially kicked off the National Women’s Month celebration during the Flag Raising Ceremony held on 04 March 2024.

The GCG Gender and Development Committee led the event, which was graced by Ms. Maria Venus Bayonito Raj-Orillan. She shared her experiences from being a beauty queen to being a follower of Jesus and devoting her whole life to Him. She also shared her insights on insecurities and one’s value.

In recognition of women’s role in society, the GCG has organized several activities and invited guest speakers throughout the month of March under the campaign, “WE GADTHER TOGETHER, WE GADTHER TO EMPOWER.”

Submission of Updated Documentary Requirements by Presidential Appointees

Pursuant to the Memorandum from the Office of the President - Presidential Management Staff (OP-PMS) dated 02 February 2024, all Presidential appointees appointed before 01 February 2023 are hereby directed to submit their updated Personal Data Sheet and clearances from the Civil Service Commission (CSC), National Bureau of Investigation (NBI), Office of Ombudsman (OMB), and Sandiganbayan (SB) to the OP-PMS through op.appointments@pms.gov.ph within thirty (30) days from the issuance of the Memorandum.

Click here for the copy of the Memorandum from the PMS.

Click here for the copy of the Frequently Asked Questions (FAQs).

GCG, ICD Sign Strategic Partnership for Enhanced Corporate Governance in GOCC Sector

In a significant move towards further strengthening the governance of state-owned corporations, the Governance Commission for GOCCs (GCG) and the Institute of Corporate Directors (ICD) signed a Memorandum of Agreement (MOA) on 15 January 2024 outlining a framework for enhanced good governance practices within government-owned and controlled corporations (GOCCs). 

GCG Chairperson Atty. Marius P. Corpus and ICD Chairman Atty. Pedro H. Maniego, Jr. inked an agreement which outlines a comprehensive plan to collaborate on various initiatives geared towards updating policies, building technical capabilities, and promoting diversity and sustainability in the GOCC Sector.   

Labanan ang Red Tape sa Gobyerno!

The Governance Commission for GOCCs (GCG), through its Committee on Anti-Red Tape (CART), supports the ongoing efforts to fight against red tape and fixing in the Philippine government. 

The Governance Commission is aligned with the Anti-Red Tape Authority's (ARTA) mission of ensuring the delivery of fast, efficient, convenient, and reliable service to all Filipinos. 

Click here to view the campaign materials from ARTA.

GCG holds inaugural meeting with Maharlika PCEO

Officials of the Governance Commission for GOCCs (GCG) and President and Chief Executive Officer of the Maharlika Investment Corporation (MIC), Rafael D. Consing, Jr, convened in an inaugural meeting last 08 January 2024 at the GCG office.

The MIC, created through the Republic Act (R.A.) No. 11954 or the “Maharlika Investment Fund Act of 2023”, is the exclusive corporate vehicle mandated to mobilize and utilize the Maharlika Investment Fund (MIF) for investments to stimulate the country’s economic growth.

Recognizing the pivotal role of a sovereign wealth fund in the Philippine economic landscape, the Governance Commission, as the regulatory body overseeing the MIC and other public corporations, is committed to ensuring that GOCCs are accountable, economically viable, and responsive to the needs of the Filipino people.

GCG reports 2022 GOCC Customer Satisfaction Surveys Results

54 GOCCs were deemed compliant and partially compliant with the Enhanced Standard Methodology for the Conduct of the Customer Satisfaction Survey. These GOCCs had an average score of 92.32% of satisfied customers.

Starting 2020, the Governance Commission set a uniform Strategic Measure (SM) of Percentage of Satisfied Customers in the Performance Scorecards of GOCCs with a minimum target of 80% across the sector. The issuance of the Enhanced Standard Methodology and the setting of a uniform performance measure allowed the Governance Commission to generate a sector-wide result of the satisfaction survey.

Click here to view the Status Report on the 2022 GOCC Customer Satisfaction.

GCG showcases reforms in GOCC Governing Boards in OECD, International Network Meeting

The Governance Commission for GOCCs (GCG) recently showcased the Philippines' strides in the professionalization of the Governing Boards of government-owned or -controlled corporations (GOCCs) at the 16th Meeting of the Asia Network on Corporate Governance of State-Owned Enterprises (SOEs) in Macau.

The event convened over 80 officials and experts from across Asia to discuss state ownership, sustainability, and dividends. GCG Commissioner Atty. Geraldine Marie B. Berberabe-Martinez led the Philippine delegation.

Commissioner Berberabe-Martinez underscored the Fit and Proper Rule as a crucial aspect of the professionalization of the GOCC Governing Boards, asserting that nominees for Appointive Director positions in GOCCs must meet standards related to integrity, experience, education, training, and competence.

Click here for more details.

GCG refreshes 2028 vision and strategy

The Governance Commission for GOCCs (GCG), through the initiative of its leadership team, participated in a series of strategic planning exercises from November to December 2023 which ultimately refreshed the GCG’s vision and strategy for 2023 to 2028.

Led by GCG Chairperson Atty. Marius P. Corpus, the Governance Commission’s management team envisions that: “By 2028, GCG shall be the leading and recognized institution for corporate governance in the stewardship of GOCCs in instilling accountability, economic viability,  and responsiveness to the needs of public interest.” This will be achieved through the implementation of new strategic objectives related to the integration of sustainable innovations into corporate governance policies and practices and the reorganization of the agency to build robust and strategic units.

The refreshed vision and strategy were cascaded to GCG personnel, thereby ensuring that every member of the Governance Commission is aligned and geared for sustained success in the years ahead.

GCG, ADB engage in exploratory meeting and seminar on Sovereign Wealth Fund

The Governance Commission for GOCCs (GCG) collaborated with the Asian Development Bank (ADB) in an exploratory meeting and seminar on Sovereign Wealth Fund (SWF) and State-Owned Enterprise (SOE) Policy Reforms.

The meeting, held last 01 December 2023, focused on partnership opportunities to advance reforms in disaster risk reduction management and gender equity in the GOCC Sector.

Subsequently, GCG officials and personnel participated in a seminar on Sovereign Wealth Fund (SWF) and State-Owned Enterprises (SOE) Policy Reforms in Indonesia on 04 December 2023, providing a valuable opportunity to enhance expertise and learn from Indonesia's best practices.

GCG celebrates excellence: Top GOCCs recognized at inaugural GOCC Governance Awards Ceremony

The Governance Commission for GOCCs (GCG) recognized government-owned or -controlled corporations (GOCCs) for their outstanding disclosure practices and performance ratings in the inaugural GOCC Governance Awards Ceremony on 20 November 2023 at the Philippine International Convention Center.

Thirteen (13) GOCCs received their award for garnering the highest Corporate Governance Scorecard (CGS) ratings for calendar year (CY) 2022, while three (3) entered the CGS Hall of Fame. Ten (10) of the highest ranking GOCCs according to their 2022 Performance Scorecards were also celebrated for the achievement of breakthrough results. Three (3) GOCCs also received awards for exhibiting a remarkable improvement in their Performance Scorecard ratings from 2021 to 2022.

Executive Secretary Lucas P. Bersamin graced the event as its Keynote Speaker. He emphasized that the Governance Commission’s policies “strengthen the values and governance culture in every GOCC.”

Click here for more details.

Responses to the Questions Asked During the Conduct of the Orientation on the Harmonized Customer Satisfaction Measurement

The Governance Commission for GOCCs (GCG) and Anti-Red Tape Authority (ARTA) conducted an orientation on the Harmonized Client Satisfaction Measurement (CSM) for GOCCs last 19-21 September 2023 at the GCG Office.

To view the responses to the questions asked during the orientation on the harmonized CSM, click here.

Congratulations to GCG’s Finance Division, Most Outstanding Accounting Office Awardee of FY 2022!

The Governance Commission for GOCCs (GCG) celebrates its Finance Division for being conferred the Most Outstanding Accounting Office Award for FY 2022 by the Association of Government Accountants of the Philippines, Inc. (AGAP). 

Led by OIC Director Raul T. Abad, CPA, representatives of the Governance Commission received the prestigious award last 18 October 2023 during the AGAP Annual Convention held in Bacolod City, Negros. The GCG has been conferred the same award seven (7) times since 2015. 

Chairperson Corpus, Commissioner Hosaka, and Commissioner Berberabe-Martinez extend their warmest congratulations to the officers of the Finance Division for their tireless dedication to ensuring the integrity of the agency’s financial documents. 

Notice on the CY 2022 Corporate Governance Scorecard Report B (CGSR-B) Assessment

The Governance Commission for GOCCs (GCG) reminds the GOCCs of the start of the second part of the CY 2022 Corporate Governance Scorecard Assessment on 01 October 2023. Click here to view the details.

GCG Opens Compliance Season for the GOCC Monitoring System (GMS) V3.0

In compliance to GCG Memorandum Circular 2019 - 02, Section 4.3 (e), all GOCCs covered by Republic Act (R.A.) No. 10149 are directed to submit the required financial reports for the 3rd Quarter CY 2022 and audited financial reports for CY 2021 in the system starting 02 November 2022 until 30 November 2022.

Access the GMS through this link: https://icrs.gcg.gov.ph/gms, or download the ICRS-GMS v3.0 Materials by clicking this link.

For questions and clarifications, GOCCs may send an email to the ICRS Secretariat at icrs_secretariat@gcg.gov.ph.