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CY 2020 Corporate Governance Scorecard Assessment

Established on 08 October 2015, the Corporate Governance Scorecard for GOCCs (GCG M.C. No. 2015-07 (Re-Issued)) was developed using a methodology benchmarked against the Principles of Corporate Governance of the Organisation for Economic Co-operation and Development (OECD) and the ASEAN Corporate Governance Scorecard. The CGS annually assesses the Corporate Governance performance of GOCCs to help...

GCG ISSUES CPCS IMPLEMENTING GUIDELINES

The Governance Commission for GOCCs (GCG) issued the Compensation and Position Classification System (CPCS) Implementing Guidelines on 14 January 20221  following President Rodrigo R. Duterte's approval of the Executive Order (E.O.) No. 150, s. 2021. The CPCS Implementing Guidelines is promulgated to detail the coverage, exclusions, implementation, compensation system, allowance, benefit...

SC: GOCC GOVERNANCE ACT CONSTITUTIONAL

The Supreme Court (SC), in G.R. Nos. 197422 and 197950, unanimously affirmed the constitutionality of Republic Act No. 10149, otherwise known as the GOCC Governance Act of 2011, that promotes financial viability, fiscal discipline, and responsiveness of Government-Owned or-Controlled Corporations (GOCCs). In the decision penned by Justice Marvic M.V.F. Leonen, the Court En Banc dismissed the peti...

8TH YEAR IN A ROW: GCG RECEIVES HIGH COA AUDIT RATING

The Governance Commission for GOCCs (GCG) has received the highest rating for the Calendar Year 2020 in the annual audit report of the Commission on Audit (COA) released on 21 June 2021. The report, which is now available on the COA’s website, was signed on 10 May 2021 by supervising auditor Melinda R. Barcial. 2020 marks the 8th year that the Governance Commission has received an Unqualifi...

GCG CELEBRATES A DECADE OF LEGACY BUILDING

President Rodrigo Duterte noted the milestones of the Governance Commission for GOCCs (GCG) since the enactment of the GOCC Governance Act of 2011. “GCG has been instrumental in enabling GOCCs to become catalysts for our nation’s economy and growth development. I hope this milestone will further inspire the men and women of the Commission to work even harder, ensuring that transparenc...

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