GCG MANDATES AND FUNCTIONS

The Commission is mandated under R.A. No. 10149 to have the following powers and functions:

I. WITH RESPECT TO GOCCS AS PUBLIC INSTITUTIONS:

(a) Evaluate the performance and determine the relevance of GOCCs, and pursue the re-organization, merger, streamlining, abolition, or privatization of GOCCs; 

(b) Provide for the classification and sub-classification of GOCCs;2 

(c) Adopt an Ownership and Operations Manual and Government Corporate Standards governing GOCCs, in consultation with the relevant Government Agencies and Stakeholders; 

(d) Establish and implement Performance Evaluation Systems, including Performance Scorecards, applicable to all GOCCs in general, and to the various GOCC classifications, in particular;

(e) Conduct periodic study, examination, evaluation and assessment of the performance of the GOCCs, receive, and in appropriate cases, require reports on the operations and management of the GOCCs including, but not limited to, the management of their assets and finances of the GOCCs;

(f) Provide technical advice and assistance to the Supervising Agencies in setting performance objectives and targets for their attached GOCCs, and in monitoring such GOCCs' performance vis-a-vis established objectives and targets;

(g) Coordinate and monitor the operations of GOCCs to ensure their alignment and consistency with the national development policies and programs, and render semi-annual progress report to the President and to Congress, providing for the performance assessment of the GOCCs and recommending clear and specific actions;

(h) Review the functions of each GOCC and, upon determination that there is a conflict between the regulatory and commercial functions of a GOCC, recommend to the President, in consultation with the Supervising Agency, such plan of action, such as privatization of the GOCC's commercial operations, or the transfer of the regulatory functions to the appropriate Government Agency, to ensure that commercial functions of the GOCC do not conflict with such regulatory functions;

(i) Request, through the GCG Chairman, a special COA audit of any GOCC for any specific purpose or, when authorized by law, request authority from COA to allow an audit by independent auditors; and

(j) Review and recommend to the President of the Philippines for approval the plan by any Government Agency:

(1) For the establishment and incorporation of a GOCC or a Related Corporation pursuant to the provisions of the Corporation Code of the Philippines; or

(2) To purchase a corporation or acquire controlling interest in any corporation.

(k) Prepare performance reports of the GOCCs for submission to the President. 


II. WITH RESPECT TO GOCC DIRECTORS AND TRUSTEES 

(a) Recommend to the Governing Boards the suspension of any of their members who participated by commission or omission in the approval of an act which constitutes a violation or noncompliance with the Ownership Manual or a breach of their fiduciary duties to the GOCC and/or its Stakeholders;

(b) Promulgate, with the approval of the President of the Philippines, and implement the Fit and Proper Rule that shall identify the necessary skills and qualifications required of Appointive Directors;

III. WITH RESPECT TO GOCC OFFICERS AND EMPLOYEES 

(a) Conduct compensation studies and, pursuant thereto, develop and recommend to the President a competitive Compensation and Position Classification System (CPCS) which shall apply to all officers and employees of GOCCs whether covered by or exempt from, the Salary Standardization Law; 

(b) Formulate the per diems, allowances, incentives and compensation structure for the members of the Governing Boards; 

IV. WITH RESPECT TO THE SUPERVISING AGENCIES 

(a) Ensure that proposed corporate plans and programs of the Governing Boards are congruent with the Supervising Agencies' sectoral objectives and priorities in support of, inter alia, the President's Social Contract Agenda and NED's Medium-Term Philippine Development Plan; 

(b) Determine the implications of such proposed plans and programs on those of other GOCCs attached to the Supervising Agency;

(c) Review the assumptions given and calculations made in justifying the viability of such proposed plans and programs and passing upon the targets proposed to be achieved; and

(d) Monitor on a periodic basis the operating results and financial performance of the attached GOCCs to ensure that targets for their sectors are being faithfully pursued.