<<<PRESS RELEASES

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 congratulated the Governance Commission for GOCCs (GCG) during its anniversary celebration of R.A. No. 10149 on 29 October 2015.

“I am sure that if you count the number of companies that we propose to close and actually closed, this is the most ever of an administration. And that requires political will,” Sec. Purisima said. Since 2012, President Aquino has approved the abolition of 22 GOCCs based on recommendations from the Governance Commission. 14 more GOCCs are being studied for abolition, privatization, or merger. Currently, there are 102 GOCCs being monitored by the Governance Commission.

During the anniversary celebration, GCG was also conferred by the Institute for Solidarity in Asia (ISA) the Silver Trailblazer Award as it is also certified Proficient in the Performance Governance System. ISA President Francisco Eizmendi noted that “Through its [GCG] guidance, GOCCs have also started to adopt a culture founded on good governance values and principles.” Through the Performance Governance System, the organization’s vision is translated into specific and quantifiable strategies and time-bound commitments with the objective of realizing breakthrough results.

The Governance Commission was also re-certified compliant by TÜV Rheinland Philippines to the Quality Management System based on ISO 9001:2008 Standards during the event. GCG received its first certification in July 2014. TÜV Rheinland Managing Director Tristan Loveres awarded GCG saying, “All these benefits will accrue not only to your constituents but more importantly in the end to us in the public.”

Despite the notable improvements, Sec. Purisima emphasized that there are still many opportunities for reform, particularly in benchmarking GOCCs with the private sector for purposes of performance monitoring and dividend collection.

GCG Chairman Cesar L. Villanueva thanked all government agencies and other organizations who helped the Governance Commission in positioning the GOCC Sector for sustained long-term success. Also gracing the anniversary celebration were GCG’s ex officio Commissioner Budget Secretary Florencio Abad, Senator Cynthia Villar, PCGG Chairman Richard Amurao, SEC Chairperson Teresita Herbosa, CSC Chairperson Alicia Bala, and former Finance Secretary Roberto De Ocampo.

 

 

Contact:

Bea Nadine V. Barte

(02) 328 – 2030 to 34

[email protected]

www.gcg.gov.ph