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 Para sa #BagongPilipinas

Employees from the Governance Commission for GOCCs (GCG) showed their support to President Ferdinand R. Marcos Jr's call for a renewed Philippines at the Bagong Pilipinas Kick-Off Rally on 28 January 2024, at Quirino Grandstand, Manila.

With the rallying cry GCG Para sa Bagong Pilipinas, employees echo the Governance Commission's commitment to align with the rest of the Philippine Government to the philosophy and plans outlined in Bagong Pilipinas.

The Governance Commission’s participation in the Kick-Off Rally is a testament to its active involvement in this transformative initiative. With its vision for accountable, economically viable, and responsive GOCCs, GCG joins all Filipinos in working to realize a renewed Philippines.

Bagong Pilipinas Kick-Off Rally

Inaanyayahan ng Governance Commission for GOCCs (GCG) ang lahat na makiisa sa Bagong Pilipinas Kick-Off Rally sa Quirino Grandstand, 6:00 PM, sa ika-28 ng Enero 2024. Halina at maging parte ng pagbabago para sa ating sarili, komunidad, at bayan!

Manatiling updated at bisitahin lamang ang Presidential Communications Office Facebook page para sa iba pang impormasyon.

#BagongPilipinasKickOffRally

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.   

GCG congratulates Hon. Ralph G. Recto, Secretary of Finance

The Governance Commission for GOCCs (GCG) extends our warmest congratulations to the Hon. Ralph G. Recto for being appointed as the new Secretary of the Department of Finance (DOF) by President Ferdinand R. Marcos Jr.

The appointment of Hon. Recto to lead the DOF also designates him as an ex-officio member of the Commission.

With his decorated track record in public service and exemplary credentials, the GCG looks forward to working with the incoming Finance Secretary towards the stewardship of GOCCs in instilling accountability, economic viability, and responsiveness to the needs of public interest.

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.

Happy New Year from GCG

The Governance Commission for GOCCs (GCG) wishes you a happy new year! As we ring in 2024, let us remember to reflect on our triumphs of the past year. We look forward to a blessed and prosperous new year with you.

As always, you may trust in the Governance Commission that it shall tirelessly continue its stewardship of the GOCCs for the country and the Filipino people. 

Cheers to 2024!

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.

2023 Season Greetings from GCG

The Governance Commission for GOCCs (GCG) wishes you happy holidays! May the joy and peace brought about by the season fill the hearts and homes of all.

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 Welcomes Atty. Marius P. Corpus as Chairperson

The Governance Commission for GOCCs (GCG) welcomes the appointment of former Department of Interior and Local Government Undersecretary Atty. Marius P. Corpus as its new Chairperson.

Chairperson Corpus started his career in government service at the Office of the Government Corporate Counsel as Research Attorney and rose from the ranks to become a State Corporate Attorney from 1983-1987. He also acted as legal counsel for corporations such as Philippine National Bank and Philippine Charity Sweepstakes Office and served as Corporate Secretary and Deputy Corporate Secretary for Manila International Airport Authority and the Government Service Insurance System, respectively.

Chairperson Corpus was appointed at the Department of the Interior and Local Government as Assistant Secretary of the Department of Legislative Liaison Office from 2001-2002 and was later appointed as Undersecretary for Peace and Order. He concurrently held the position of Undersecretary for Legal and Legislative Affairs from 2002-2005. In December 2003, he was appointed Undersecretary for Public Safety at the DILG, a position he held until 2010.

During his time at DILG, he supervised the Bureau of Fire Protection and the Bureau of Jail Management and Penology and acted as coordinator for the Philippine Public Safety College. He also liaised with Congress for the passage of bills espoused by the Department such as the Comprehensive Dangerous Drugs Act of 2002, the Bureau of Fire Protection and Bureau of Jail Management and Penology Professionalization Act of 2004, and the Revised Fire Code of the Philippines of 2008.

Chairperson Corpus is an alumnus of the Ateneo de Manila University. He topped the 1979 Philippine Bar Examinations, placing 4th, and was a Bar Examiner in Mercantile Law for the 1996 Philippine Bar Examinations.

GCG Welcomes Atty. Brian Keith F. Hosaka as Commissioner

The Governance Commission for GOCCs (GCG) welcomes the appointment of Atty. Brian Keith F. Hosaka as its new Commissioner.

Commissioner Hosaka is the former Spokesperson of the Supreme Court, Chief of the Supreme Court Public Information Office (SCPIO), and Assistant Court Administrator. He was appointed by three Chief Justices: i.) retired Chief Justice Lucas P. Bersamin, ii.) retired Chief Justice Diosdado M. Peralta, and iii.) Chief Justice Alexander G. Gesmundo. He was instrumental in ushering several initiatives in the SCPIO that further enhanced the dissemination of information about the Court and its initiatives.

Commissioner Hosaka graduated with a degree of Juris Doctor from the Ateneo de Manila Law School in 1998 and was admitted to the Philippine Bar after taking the Bar exams given in the same year. He studied in the Ateneo de Manila for 20 years starting from his primary education until his graduation from law school.

Commissioner Hosaka first worked in the Supreme Court in 1999 as a Court Attorney in the office of former SC Associate Justice Josue N. Bellosillo, while waiting for the results of the 1998 Bar exams. Thereafter, he decided to privately practice law and in 2003, established his own law firm, the Paner Hosaka & Ypil Attorneys-at-Law.

In the private sector, he held key positions in different corporations and was involved in their respective strategic policies and decisions. Commissioner Hosaka was also the former Deputy General Counsel of the Integrated Bar of the Philippines.

Commissioner Hosaka undertook various projects and reforms in the SCPIO. His main thrust in these reform initiatives was to re-focus and capacitate the SCPIO towards the use of current technology by utilizing social media and constantly improving the digital communications platform of the Supreme Court, such as its website. The objective of these projects was to increase transparency and provide the public with easier access to important information about the Judiciary.

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.

GCG Welcomes Atty. Geraldine Berberabe-Martinez as Commissioner

The Governance Commission for GOCCs (GCG) welcomes the appointment of Atty. Geraldine Marie Berberabe-Martinez as its new Commissioner.

Commissioner Berberabe-Martinez started her public service as the youngest elective Provincial Board Member in the 2nd district of Batangas. She served as an Assistant Department Head at the Provincial Government of Batangas, and as the Special Counsel at the Office of Senator Loren Legarda at the Senate of the Philippines. She also served in different GOCCs such as the Philippine Retirement Authority, the PNOC-Development and Management Corporation, and Government Service Insurance System.

She advocated women’s rights as a young lawyer at the Women’s Legal Bureau, Inc. and volunteered for PANLIPI for the protection of the rights of indigenous people. She also joined the Pastrana Fallar Law firm, worked as Senior Vice President and Legal Counsel at the Advance Solutions, Inc. and served as Consultant for International Contracts at the EuroMed Laboratories Philippines.

In 2000, Commissioner Berberabe-Martinez was awarded as Outstanding Woman of the Year by the Province of Batangas.

Commissioner Berberabe-Martinez graduated AB Philosophy from the University of the Philippines and Bachelor of Laws from the San Beda College of Law.