Press Releases


GCG PROPOSES AMENDMENTS TO THE COMPENSATION OF GOCC BOARDS
POSTED LAST 12 Jan 2017 - 12:08 pm

(Released on 12 January 2017) Prior to the statement of Socioeconomic Planning Secretary Ernesto M. Pernia on the proposed cap on the salaries and bonuses of Government-Owned and –Controlled Corporation (GOCC) officials, regular employees and staff, the GCG has already been undertaking a stud…

GCG ADOPTS AN INTERIM FREEDOM OF INFORMATION MANUAL
POSTED LAST 29 Nov 2016 - 10:19 am

(Released on 29 November 2016) The Governance Commission for GOCCs (GCG) has adopted an Interim Freedom of Information Manual to guide and assist the GCG and the public in dealing with requests of information. The Interim FOI Manual of GCG was signed and issued on 25 November 2016 following the iss…

GCG BAGS MOST OUSTANDING ACCOUNTING OFFICE AWARD
POSTED LAST 25 Oct 2016 - 10:57 am

(Released on 25 October 2016) Representatives of the nineteen (19) agencies conferred with the Most Outstanding Accounting Office Awards for 2015 posing with AGAP National President Gregorio C. Rulloda and DBM Secretary Benjamin E. Diokno.   The Governance Commission for GOCCs (GCG) w…

GOVERNANCE COMMISSION ISSUES CLARIFICATION ON GOCC HOLDOVERS
POSTED LAST 04 Aug 2016 - 10:39 am

(Released on 31 July 2016) In reference to the news article of Mr. Prinz Magtulis entitled "GOCC holdovers step down today" published on 31 July 2016 in The Philippine Star. The Governance Commission appreciates the vigilance of the media especially on the selection and nomination process…

GOCCs AWARDED FOR EXCELLENCE ON CORPORATE GOVERNANCE SCORECARD
POSTED LAST 01 Jul 2016 - 01:51 pm

5 GOCCs received an Award for Excellence on the Corporate Governance Scorecard (CGS) for the GOCC Sector this June. The Governance Commission, in partnership with the Institute of Corporate Directors (ICD) established the CGS to raise the Corporate Governance standards and practices of GOCCs to be a…

54 GOCCS REMIT P 40.2-B TO NATIONAL TREASURY
POSTED LAST 23 May 2016 - 04:08 pm

Government-Owned or-Controlled Corporations (GOCCs) once again posted remittances during the last GOCC Day or ceremonial turnover of dividends under the administration of President Benigno S. Aquino III. 50[1] GOCCs, led by their respective Chairpersons and Chief Executive Officers, handed over che…

QUESTIONS & ANSWERS on the WHISTLEBLOWING WEB PORTAL OF THE GOVERNANCE COMMISSION
POSTED LAST 28 Apr 2016 - 01:23 pm

      Q: Why is there a Revised Whistleblowing Policy for the GOCC Sector? A: The Whistleblowing Policy, launched in 2014, is revised in order to strengthen the policy especially on the confidentiality of Whistleblowing Reports, and the anonymity of the whistleblower (unless he/she w…

WHISTLEBLOWING WEB PORTAL FOR GOCCs LAUNCHED
POSTED LAST 28 Apr 2016 - 01:11 pm

The Governance Commission for GOCCs launched the GCG Whistleblowing Web Portal (www.whistleblowing.gcg.gov.ph) in an effort to provide a more accessible, reliable, and efficient channel for submitting red flags in the GOCC Sector. Senate President Franklin M. Drilon served as keynote speaker during …

QUESTIONS & ANSWERS on the COMPENSATION and POSITION CLASSIFICATION SYSTEM (CPCS)
POSTED LAST 28 Mar 2016 - 01:02 pm

Q: What is the CPCS? Why do GOCCs have it? A: The CPCS is one of the major human capital management reforms in the GOCC Sector towards bringing the Filipino people world class public service. Prior to the Aquino Administration, compensation of certain GOCCs exempted from the Salary Standardiza…

COMPENSATION SYSTEM FOR GOCCs APPROVED
POSTED LAST 28 Mar 2016 - 12:44 pm

President Benigno S. Aquino III has approved the Compensation and Position Classification System (CPCS) for GOCCs through Executive Order No. 203, standardizing compensation and benefits in all GOCCs under the jurisdiction of the Governance Commission for GOCCs (GCG). The issuance of E.O. 203 was…

QUESTIONS & ANSWERS on the TURNOVER OF UNITED COCONUT PLANTERS BANK (UCPB) TO THE GOVERNANCE COMMISSION FOR GOCCS (GCG)
POSTED LAST 21 Mar 2016 - 09:43 am

Q: How did UCPB become a GOCC? A:  In Philippine Coconut Producers Federation, Inc. (COCOFED), et al. v. Republic of the Philippines,[1] the Supreme Court (SC) declared that the so-called Farmers’ shares, which comprise the original 64.98% UCPB shares, and the converted 753,848,312 SMC…

GCG SAFEGUARDS STATE’S INTERESTS IN UCPB
POSTED LAST 21 Mar 2016 - 09:38 am

Pending the effectivity of the Supreme Court’s Temporary Restraining Order (TRO) against the privatization of the United Coconut Planters Bank (UCPB), the Governance Commission will begin regulating UCPB as a GOCC pursuant to the “GOCC Governance Act of 2011” (R.A. No. 10149). U…

QUESTIONS & ANSWERS on the APPROVED MERGER OF LAND BANK OF THE PHILIPPINES (LANDBANK) AND DEVELOPMENT BANK OF THE PHILIPPINES (DBP)
POSTED LAST 22 Feb 2016 - 02:13 pm

Q: What is the Governance Commission’s reason for proposing the merger of Landbank and DBP? A: The consolidation of DBP and LBP is necessary as the functions or purposes of both banks duplicate and/or unnecessarily overlap with one another, which is one of the standards for implementing a m…

PRESIDENT AQUINO APPROVES MERGER OF LANDBANK AND DBP
POSTED LAST 22 Feb 2016 - 02:02 pm

(released 12 February, 2016) President Benigno S. Aquino III signed on February 4, Executive Order 198 approving the merger of Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP). The merger aims to strengthen the two state-owned banks in fulfilling their mand…

QUESTIONS & ANSWERS on the PRIVATIZATION OF THE INTERCONTINENTAL BROADCASTING CORPORATION (IBC-13)
POSTED LAST 25 Jan 2016 - 11:41 am

Q: Why should the State own a television broadcasting company? A: A state-owned broadcaster ensures supply of free-to-air broadcasting for the public regardless of ability or willingness to pay. It also ensures that the public is provided with welfare-enhancing programs balanced against programs …

PRESIDENT AQUINO APPROVES PRIVATIZATION OF IBC-13
POSTED LAST 25 Jan 2016 - 11:41 am

President Benigno S. Aquino III has approved the privatization of Intercontinental Broadcasting Corporation (IBC-13) based on the recommendation of the Governance Commission for GOCCs (GCG). IBC-13 started out in 1960 as a private company known as Inter-Island Broadcasting Corp., and then was seq…

BETTER GOVERNANCE IN GOCC SECTOR SEEN
POSTED LAST 25 Jan 2016 - 11:31 am

(released 25 November, 2015) Finance Secretary Cesar V. Purisima noted the improvements in the GOCC Sector four years into the GOCC Governance Act of 2011. Citing the improvements in the Sector in terms of setting performance standards and streamlining the number of GOCCs, Secretary Purisima cong…

49 GOCCS REMIT P 36.85-B TO NATIONAL TREASURY
POSTED LAST 27 May 2015 - 04:36 pm

(released 13 May, 2015) Government-Owned or-Controlled Corporations (GOCCs) continue to post robust remittances to the national treasury according to the Governance Commission for GOCCs (GCG). The GOCC sector handed over checks totaling P36.85 billion to President Benigno S. Aquino III in a si…

GOCC 2014 OPERATING SUBSIDIES AND PROGRAM FUNDS
POSTED LAST 27 Jan 2015 - 09:52 am

  See the complete details of the 2014 GOCC Operating Subsidies and Program Funds here.  

QUESTIONS & ANSWERS on the ABOLITION OF PHILIPPINE NATIONAL OIL CORP. (PNOC) AND PHILIPPINE NATIONAL CONSTRUCTION CORP. (PNCC) SUBSIDIARIES
POSTED LAST 22 Oct 2014 - 10:44 am

Q: What are the reasons for abolishing a GOCC? A: Under Section 5(a) of R.A. No. 10149, the GCG shall be guided by any of the following standards for the abolition to evaluate the performance and to determine the relevance of a GOCC: The functions or purposes for which the GOCC was created are n…

PRESIDENT AQUINO APPROVES CLOSURE OF 7 NONPERFORMING GOCCs
POSTED LAST 22 Oct 2014 - 10:39 am

More nonperforming and dormant GOCCs have been abolished as President Benigno S. Aquino III approved last August the closure of seven GOCCs following the recommendation of the Governance Commission for GOCCs (GCG), which is the primary regulatory agency for the country’s GOCCs. Under Republic …

GCG IS ISO CERTIFIED
POSTED LAST 29 Aug 2014 - 11:44 am

The Governance Commission for Government-Owned and Controlled Corporations (GCG) achieved its quality management system certification based on ISO 9001:2008 Standards last July 4, 2014 from TUV Rheinland Philippines, Inc. GCG began working in January 2014 towards the ISO 9001:2008 certification of …

GCG RECEIVES SILVER TRAILBLAZER AWARD FOR PERFORMANCE GOVERNANCE
POSTED LAST 05 Aug 2014 - 11:42 am

The Institute for Solidarity in Asia (ISA), a non-government organization advocating good governance as a shared responsibility, conferred the Governance Commission for GOCCs (GCG) last June 6, 2014 with the Silver Trailblazer Award for accomplishing the Compliance Stage in ISA’s program for i…

GCG SET TO START SECOND YEAR OF MONITORING PERFORMANCE OF GOCCs
POSTED LAST 25 Jul 2014 - 12:14 pm

The Governance Commission for GOCCs (GCG) is set to start the second annual Performance Agreement Negotiations (PAN) with GOCC Boards beginning August 2014. This requires GOCCs to make strategy maps and performance commitments for CY 2015 on how they will achieve breakthrough results and contribute …

GOCCs TRAIN FOR CORPORATE REPORTING SYSTEM PORTAL
POSTED LAST 25 Jun 2014 - 11:54 am

The Governance Commission for GOCCs (GCG) has moved closer to its landmark goal of institutionalizing transparency and accountability in the GOCC sector. The GCG which was created last June 2011 to oversee and regulate the public corporate sector is preparing to launch its Integrated Corporate Repo…

GOCCs REMIT P 32.31-B TO NATIONAL TREASURY
POSTED LAST 09 Jun 2014 - 05:22 pm

The number of Government-Owned-or Controlled Corporations (GOCCs) that remit earnings, or dividends, to the national coffers continue to increase according to the Governance Commission for GOCCs (GCG). In simple rites held this morning, chairpersons and chief executive officers of various GOCCs per…

GCG MARKS THIRD YEAR AS OVERSEER OF GOCC SECTOR
POSTED LAST 09 Jun 2014 - 04:27 pm

The Governance Commission for GOCCs (GCG) marked its third anniversary celebrations today as the central advisory body that monitors and oversees Government-Owned or Controlled-Corporations (GOCCs). Foremost among these were issues of unregulated bonuses and salaries granted by GOCC board…

GCG LAUNCHES GOCC WHISTLEBLOWING POLICY SYSTEM
POSTED LAST 09 Jun 2014 - 04:19 pm

The rising crusade against corrupt government officials and employees got another boost today with the launching of a whistleblowing system against corrupt officials and workers within Government –Owned-or-Controlled Corporations (GOCCs). In a short ceremony, the Governance Com…

NON-PERFORMING AND UNNECESSARY GOCCs ABOLISHED
POSTED LAST 03 Mar 2014 - 01:20 pm

In the last quarter of 2013, President Benigno S. Aquino III already approved the abolition of five (5) of the 19 GOCCs proposed for abolition in House Bill 3807 by Representatives Rufus Rodriguez and Maximo Rodriguez, namely: National Agribusiness Corp. (NABCOR), Zamboanga del Norte Rubber Estate C…

PRESIDENT AQUINO APPROVES ABOLITION OF PDAF-LINKED GOCCS
POSTED LAST 30 Jan 2014 - 11:12 am

President Benigno S. Aquino approved last month the abolition of three non-performing GOCCs following the recommendation of the Governance Commission for GOCCs (GCG), which is mandated to regulate the country’s GOCCs. The three GOCCs are Philippine Forest Corporation (PFC), ZNAC Rubber Estate…

GCG RESPONSE TO THE COA REPORT ON GOCC ALLOWANCES
POSTED LAST 19 Jan 2014 - 11:00 am

We are holding this press conference pursuant to the commitment undertaken by GCG to report on the final responses of the GOCCs and the Commission’s own evaluation on the news item that covered the COA report that various GOCCs granted unauthorized allowances, bonuses and benefits amounting to…

GOVERNANCE COMMISSION DIRECTS GOCCs TO ADDRESS COA
POSTED LAST 15 Jan 2014 - 04:50 pm

The Philippine Daily Inquirer today published an article entitled “Return bonuses, gov’t execs told. COA issues order to 31 GOCCs.” The news item was based on a 4-month old COA report wherein it was observed that various GOCCs granted unauthorized allowances, bonuses, and benefits …

DAP implements program to develop Governance Committee
POSTED LAST 02 Aug 2012 - 05:55 pm

A stronger GCG foundation: (seated L-R) DAP-GSPDM Dean Gloria Jumamil-Mercado, GCC Raoul C. Creencia, GCG Chairman Cesar L. Villanueva and DAP President Antonio D. Kalaw, Jr. pose with the GCG executives who successfully completed the Executive Development Program. Pasig City---To further strengthe…