
BIR Issues Revenue Memorandum Circular No. 32-2021
The Bureau of Internal Revenue issued Memorandum Circular No. 32-2021 dated 04 February 2021.
The memo details the standard guidelines and mandatory requirements for the processing and issuance of the Tax Clearance Certificate for Government-Owned or Controlled Corporations relative to the application for the Interim Performance-Based Bonus.
Click here to view Revenue MC No. 32-2021.

GCG Extends Full Work-from-Home Operations under MECQ
The Governance Commission will extend its full “Work from Home” arrangement from 12 April 2021 until 30 April 2021.
Physical submissions of documents are highly discouraged.
This arrangement follows the Imposition of the Modified Enhanced Community Quarantine in Bulacan, Cavite, Laguna, Rizal, and the National Capital Region and is in accordance to the Inter-Agency Task Force for the Management of Emerging Infectious Diseases Resolution No. 109-A, s. 2021 dated 10 April 2021.
For further queries, you may contact us through feedback@gcg.gov.ph.
The Governance Commission remains committed in ensuring the safety of its employees and stakeholders during the current threat of the Coronavirus Disease (COVID-19).

GCG Implements Work-from-Home Operations under MECQ
The Executive Secretary, by authority of the President, issued Memorandum Circular No. 79 dated 3 August 2020, directing all government agencies and instrumentalities to adopt a maximum of 50% operational capacity effective 04 August 2020.
To ensure continuous delivery of services while observing the guidelines on community quarantine, the Governance Commission will implement a “Work from Home” arrangement starting 04 August 2020 until the Modified Enhanced Community Quarantine is otherwise sooner lifted or extended. For immediate concerns, you may contact us through feedback@gcg.gov.ph.
As always, the Governance Commission remains committed to the health and safety of its employees and stakeholders as it continues to render service under this period.
Click here to view MC No.79.

GCG Issues Additional Guidelines for 2020 CSS
In view of the circumstances brought about by the COVID-19 pandemic, the Governance Commission issues additional guidelines applicable for the conduct of the Customer Satisfaction Survey (CSS) for 2020.
The guidelines include the option for some GOCCs to conduct the survey annually; the utilization of telephone interviews among the methodologies identified for customer segment; and the utilization of online survey tool/platform or self-accomplishment of the survey questionnaires in certain cases, among others.
For other queries and concerns, the GCG may be reached through e-mail at feedback@gcg.gov.ph.
Click here to view the notice.

Deadline for GOCC Target Recalibration in 2020 Performance Scorecards Set
In view of the circumstances brought about by the COVID-19 pandemic and in accordance with GCG Memorandum Circular (M.C.) No. 2017-02, GOCCs may recalibrate their respective targets in their 2020 Performance Scorecards. The recalibration will be subject to the issued guidelines of the Governance Commission.
The deadline of the required documents to recalibrate targets is set on 30 September 2020.
Further queries and concerns may be coursed through e-mail at feedback@gcg.gov.ph.
Click here to view the notice.

Cancellation of the CY 2019 Corporate Governance Scorecard (CGS) Exit Conference due to COVID-19
The Governance Commission has completed its assessment of the corporate governance performance of GOCCs for CY 2019 through the Corporate Governance Scorecard (CGS). The CGS is used to annually review the corporate governance disclosures of GOCCs to help identify the latter’s strengths and weaknesses compared to existing corporate governance provisions and their adherence to best practices and international standards, thereby ensuring the improvement in the transparency of GOCCs on corporate governance initiatives and practices.
However, in view of the current and ongoing threat of COVID-19, there will be no Exit Conference held this year. Individual scorecards shall instead be provided to GOCCs through electronic mail.

GCG supports National Volunteer Month
The Governance Commission encourages all GOCCs to adhere to CSC Announcement No. 16, S. 2019 which reiterates Civil Service Commission Memorandum Circular (CSC MC) No. 23 on volunteer programs in the sector.
CSC MC No. 23 enjoins agencies to establish and implement volunteer programs that may be anchored on social, or environmental undertakings in the community. Starting 2019 onwards, GOCCs are enjoined to submit a yearly report on their volunteering initiatives and activities to the Philippine National Volunteer Service Coordinating Agency.
For further queries, GOCCs may directly coordinate with the PNVSCA through the e-mail address: patsd@pnvsca.gov.ph or phone numbers: (632) 8247 7934 or 8927 6847.
Click here to view the notice.

GCG Reports Results of 2019 GOCC Customer Satisfaction Surveys
To measure a GOCC’s efficiency in service delivery and how this translates to customer satisfaction, the GCG issued the Standard Methodology for the Conduct of the Customer Satisfaction Survey and the Prescribed Questionnaires in 2018 as a commitment to the Philippine Open Government Partnership (PH-OGP).
Click here to view details of the Status Report on 2019 GOCC Customer Satisfaction.

GCG Implements 3-Day Work-from-Home Operations
The Governance Commission will implement a “Work from Home” arrangement starting 10 March 2021 until 12 March 2021 due to office-wide regular disinfection.
GCG personnel and visitors are prohibited from the premises during this period. Physical submissions of documents are highly discouraged. Stakeholders must submit documents or request for a meeting via email through feedback@gcg.gov.ph. Physical meetings must be held via a secure online platform instead. Stakeholders may contact GCG through feedback@gcg.gov.ph for further queries.
The Governance Commission remains committed to ensuring the safety of its employees and stakeholders amidst the threat of the 2019 Coronavirus Disease (COVID-19).

GCG Issues Extension for 2021 CSS
The Governance Commission is extending the applicability of the previous Notice dated 14 August 2020 with the subject “Additional Guidelines in the Conduct of the Customer Satisfaction Survey (CSS) for 2020 in the GOCC Sector” to the conduct of the CSS for the year 2021. The extension is implemented due to the uncertainties of GOCC compliance in light of the ongoing COVID-19 pandemic.
Stakeholders may course further queries and concerns through e-mail at feedback@gcg.gov.ph.
Click here to view the Notice.

Interim Measures on GCG Operations under GCQ Implemented
In line with the pronouncement of President Rodrigo Duterte on 28 May 2020, placing the National Capital Region under General Community Quarantine (GCQ), the Governance Commission for GOCCs (GCG) shall enforce the following measures starting 04 June 2020.
ALL duly signed and complete documents shall be submitted electronically via feedback@gcg.gov.ph. Meetings may be requested through the aforementioned email address and conducted through various electronic platforms agreed upon by the stakeholder and the GCG officer/s.
Contact us through Tel. Nos. (+632) 5328-2030 and (+632) 5318-1000 or via email at feedback@gcg.gov.ph for further queries.
As always, the Governance Commission remains committed to the health and safety of its employees and stakeholders as it continues to render service under this period.
Click here to view the Notice.

Bayanihan One Stop Shop Launched for Importation of COVID-19 Commodities
The Bureau of Customs (BOC), Anti-Red Tape Authority (ARTA), and Food and Drug Administration (FDA) issued Joint Circular No. 1 dated 02 April 2020, launching the Bayanihan One Stop Shop (BOSS) to secure the License to Operate (LTO) for the importation of COVID-19 critical commodities for commercial distribution.
The BOSS is a single window concierge accepting online applications to import Personal Protective Equipment (PPEs) and other specific medical devices. It interconnects systems and portals of BOC, FDA, and ARTA for efficient and streamlined processes in commercial importation.
The BOSS shall be operative starting 03 April 2020.
Click here to view the Joint Memorandum Circular No. 1, s. 2020.

GCG Sets Deadline of Requirements for CPCS
All GOCCs covered by Republic Act (R.A.) No. 10149 were directed (through a memorandum to all heads of GOCCs dated 09 December 2019) to submit the necessary requirements for the development of the Compensation and Position Classification System (CPCS).
The deadline for the submission of CPCS requirements has been extended until 06 May 2020 in due consideration of the implementation of the enhanced community quarantine because of the COVID-19 pandemic.
Soft copies of the requirements must be electronically submitted to both ocsd_cso@gcg.gov.ph and CPCS.review@willistowerwatson.com.
Click here to view the Notice.

Memo on Implementation of Temporary Emergency Measures Issued
The Executive Secretary issued on 28 March 2020 a Memorandum laying down the implementation of simultaneous government efforts authorized by President Rodrigo Duterte in accordance with the Bayanihan to Heal as One Act (Republic Act No. 11469).
The Memorandum provides that the whole of government must work together and carry out urgent temporary emergency measures to meet the COVID-19 national health emergency.
Click here to view the Memorandum from the Executive Secretary dated 28 March 2020.

Interim Guidelines on Gov't COS and JO Workers Issued
The Commission on Audit and Department of Budget and Management issued Joint Circular No. 1, s. 2020 dated 19 March 2020, providing interim guidelines governing Contract of Service (COS) and Job Order (JO) government workers during the Enhanced Community Quarantine due to COVID-19.
The circular covers work arrangements, salaries, and the observance of strict social distancing measures in the workplace. It also implements support mechanisms in the workplace such as the provision of sanitizing toiletries, psycho-social interventions, and technologies to minimize face-to-face operations.
Implementation of the Joint Circular shall be retroactive to 15 March 2020 or at the official start of the community quarantine.
Click here to view COA and DBM Joint Circular no. 1, s. 2020

Administrative Order on the COVID-19 Hazard Pay Issued
The Executive Secretary, by the authority of the President, signed on 23 March 2020 Administrative Order No. 26, authorizing the grant of hazard pay to government personnel who physically report for work during the implementation of the Enhanced Community Quarantine due to COVID-19.
Pertinent information on the grant such as its computation, condition, and fund sources are disclosed accordingly. Government employees covered by this grant in the executive, legislative, and judicial branches, in other offices vested with fiscal autonomy, in local government units, and local water districts shall receive an amount not exceeding P500 a day per person.
Click here to view A.O. No.26, s. 2020

GCG Suspends Its Citizen's Charter Processing Times
The Governance Commission suspends the processing times in the delivery of its services indicated in its Citizen’s Charter.
This is in line with the Anti-Red Tape Authority (ARTA) Memorandum Circular No. 2020-03 dated 20 March 2020 directing the suspension and appropriate adjustments in the processing times stated in the Citizen’s Charter of government agencies.
GCG assures its stakeholders that it shall continue to render services in accordance with the interim measures detailed in the Notice to All Stakeholders dated 13 March 2020 and the work-from-home arrangement enforced in the agency.
Click here to view the memorandum.
Click here to view the notice to all stakeholders

GCG Implements Work-from-Home Operations
The Governance Commission will implement a “Work from Home” arrangement starting 17 March 2020 until the Enhanced Community Quarantine is otherwise sooner lifted or extended.
You may contact us through feedback@gcg.gov.ph.
This arrangement is in compliance with the Memorandum from the Executive Secretary Salvador C. Medialdea dated 16 March 2020 regarding Community Quarantine Over the Entire Luzon and Further Guidelines for the Management of the Coronavirus Disease 2019 (COVID-19) Situation.
As always, the Governance Commission is committed in ensuring the safety of its employees and stakeholders during the current threat of the Coronavirus Disease (COVID-19).

GCG Issues Interim Measures on Operations amid COVID-19
In line with the observance of the State of Public Health Emergency throughout the country and the pronouncement of President Rodrigo Duterte on 12 March 2020, the Governance Commission for GOCCs shall be following interim measures on its operations and service delivery.
For this period, electronic submissions of documents to feedback@gcg.gov.ph are encouraged. All meetings are postponed until further notice and GCG premises are highly restricted. The GCG may be contacted via e-mail or thru phone numbers: (02) 5328-2030 and (02) 5318-1000 for immediate queries and concerns.
The Governance Commission is committed in ensuring the safety of its employees and stakeholders during the current threat of the Coronavirus Disease (COVID-19).
Click here to view the Notice to all GCG Stakeholders

State of Public Health Emergency Declared
The Executive Secretary, by authority of the President, signed on 08 March 2020 Proclamation No. 922 declaring a State of Public Health Emergency throughout the Philippines amid the Corona Virus Disease (Covid-19) outbreak.
The declaration enjoins government agencies and LGUs to respond and commence measures to curtail and eliminate the Covid-19 threat. It also urges all citizens, residents, tourists, and establishment owners to comply with laws and advisories by appropriate government agencies to ensure the safety of all.
Click here to view Proclamation No. 922.

The Governance Commission Conducts Relief Work for Taal Eruption Victims
In its effort to aid communities affected by the recent eruption of the Taal volcano, the Governance Commission for GOCCs (GCG) conducted its relief operations on 21 January 2020 at the Tagaytay City Integrated School (TCIS). Employees pooled in their resources to donate blankets, rice, diapers, children's/ baby clothes, canned goods, mineral water, batteries, flashlights, and toiletries. GCG employees also raised cash donations for the victims. A total of 179 families with 282 kids from Brgy. Laurel, Lemery, Talisay will be the beneficiaries of the donations.

GCG Reaps Outstanding Accounting Office Award
The Association of Government Accountants of the Philippines, Inc. (AGAP), conferred the Governance Commission for GOCCs (GCG) with the Outstanding Accounting Office Award for year 2018 on 23 October 2019. AGAP awarded GCG for having exemplary met the criteria of Accuracy, Timeliness, Reliability and Compliance to Accounting Rules and Regulations set by the Committee on Awards.

Administrative Order for Service Recognition Incentive Issued
The Executive Secretary, by authority of the President, signed on 2 December 2019 Administrative Order No. 19 authorizing the grant of the Service Recognition Incentive to all government personnel in the Executive Department. The one-time incentive will be given to recognize and further encourage their unwavering commitment, dedication, and diligence in performance of their respective functions. The grant also recognizes the continued support and collaborative efforts of government employees in delivery of public service.
Click here to view A.O. No. 19.

GOCC Compliance with GLMS
As of 06 December 2019, 81 GOCCs are found compliant with the 2018 submission requirements for the Integrated Corporate Reporting System - GOCC Leadership Management System (ICRS-GLMS). Each semester, GCG declares an Open Season for GOCCs to report the required non-financial information through the ICRS-GLMS. This information is published in the ICRS public portal which discloses relevant information on GOCCs under GCG.
Click here to view details of the 2018 GLMS Compliance Status.

GOCCs Urged to Nominate Cash and Benefits Data Collection Representative
The Governance Commission issued a memorandum to the heads of GOCCs on 09 December 2019 to nominate two (2) authorized representatives from their respective corporation who will handle all information and communication pertaining to the Cash and Benefits Data Collection. The memorandum also instructed the electronic submission of the Cash and Benefits Data Collection kits on or before 31 December 2019 to CPCS.review@willistowerswatson.com.
Click here to view the Memorandum.

Supreme Court Issues Rulings Concerning GOCCs
The Supreme Court issued in January 2019 two (2) rulings concerning GOCCs. On 23 January 2019, the Supreme Court declared the absence of authority of the GOCC Board and Management to negotiate economic terms with its employees in GSIS Family Bank vs. Villanueva, G.R. No. 210773. To view GSIS Family Bank vs. Villanueva, click here. It also promulgated on 22 January 2019 a ruling on conformity of GOCCs exempt from the Salary Standardization Law with Presidential Decree No. 1597 in DBP vs. COA, G.R. No. 240569. To view DBP vs. COA, click here.

GOCCs’ Corporate Governance Scorecard for CY 2017 & CY 2018
The GCG, in partnership with the Institute of Corporate Directors (ICD), held the Corporate Governance Scorecard (CGS) Exit Conference for CY 2017 and CY 2018 on 11 December 2019.
The CGS annually assesses the Corporate Governance performance of GOCCs to help identify and evaluate the latter’s strengths and weaknesses compared to existing corporate governance provisions and their adherence to best practices and international standards. Along with the Performance Scorecard of GOCCs, the CGS ensures improvement of transparency of corporate governance initiatives and practices.
To view the complete list of CGS scores of GOCCs for CY 2017, click here.
To view the complete list of CGS scores of GOCCs for CY 2018, click here.

GCG Receives 8888 Hotline Certificate of Collaboration
The Office of the Cabinet Secretary certified the Governance Commission as compliant with the requirements for collaboration for the implementation and operation of the 8888 Citizens’ Complaints Hotline. As such, the GCG has complied with the designation of focal and technical persons, attendance in the orientation and simulation seminars, and enrollment of the agency’s online account with the 8888 Hotline System.
Click here for the full write-up.

Memorandum for Frontline Services Issued
The Executive Secretary, by authority of the President, issued Memorandum Circular No. 44 dated 04 May 2018 to direct all government agencies and instrumentalities, including GOCCs, performing frontline services to respond to all public requests and concerns within fifteen (15) days from receipt thereof, unless a shorter period is provided under applicable laws and issuances.
Click here to view Memorandum Circular No. 44.

GOCCs Urged to Adopt Cybersecurity Best Practices
The Governance Commission issued a Notice to all GOCCs on 02 April 2018 encouraging all GOCCs under R.A. No. 10149 to adopt best practices in cybersecurity within their organizations as envisioned and articulated in the National Cybersecurity Plan 2022.
Recognizing the numerous threats in cyberspace, the GCG is currently endeavoring to include the placement of cybersecurity policies and protocols in GOCCs as a mandatory governance scorecard target.
Click here to view the Notice.

GCG Issues Memorandum Circular on Amendments to the Interim PBB
GCG Memorandum Circular (M.C.) No. 2018-01 dated 31 January 2018 was issued by the Governance Commission to amend the guidelines on the rates of Performance-Based Bonus (PBB) for officers and employees of GOCCs covered by Republic Act No. 10149 as provided under GCG M.C. No. 2017-01.
Said amendment was issued to harmonize the PBB rates with those of the National Government Agencies using the rates prescribed by the AO 25 Task Force in relation to GCG M.C. No. 2017-01. The revised rates, which shall be applied to FY2017 PBB onwards effective 31 January 2018, are in accordance with the policy of the Duterte Administration to promote prudence in spending, and to provide for a framework that is reasonable and appropriate based on the performance of the GOCCs.
Click here to view GCG M.C. No. 2018-01.

Memorandum on Foreign Travels Issued
A Memorandum from the Executive Secretary (MFES) dated 03 January 2018 was issued to ensure compliance with the pronouncements of President Duterte against extravagant and lavish travels abroad of government officials and personnel in the Executive Department.
Click here to view the MFES.

Compensation System for GOCCs Suspended
Executive Order (E.O.) No. 36 was proposed by the Governance Commission thru a Memorandum for the President dated 09 June 2017 to set an interim measure for the compensation framework of GOCCs covered by Republic Act No. 10149.
Signed by President Rodrigo Roa Duterte on 28 July 2017, E.O. No. 36 effectively suspends the Compensation and Position Classification System (CPCS) for the GOCC Sector under E.O. No. 203, s. 2016, in line with the President’s thrust of further correcting the ill practices in government, and reviewing all irregular, unnecessary, excessive, extravagant and unconscionable allowances, incentives, benefits and/or bonuses in GOCCs.
Click here to view E.O. No. 36.

Evaluating GOCC Performance
GOCCs are authorized to grant performance bonuses only if they achieve breakthrough results. The Governance Commission negotiates Performance Scorecards with each GOCC Board to identify breakthrough results that will push GOCCs to go beyond their day-to-day operations and achieve outcomes that have a significant impact on their customers and stakeholders while maintaining financial viability. Negotiations are done on the basis of historical performance, benchmarking with the private sector, and feedback from the public on the Scorecards.
Click here to view the Performance Scorecards of GOCCs.
Latest Press Release
Corporate Governance Scorecard: Reinforcing High Standards of Governance Across the GOCC Sector
Established on 08 October 2015, the Corporate Government Scorecard (CGS) is a quantitatively-driven evaluation tool based on existing and globally accepted standards and practices. It is an instrument that assesses the corporate governance initiatives of a Government-Owned or -Controlled Corporation (GOCC) through a methodology benchmarked against the Organisation for Economic Co-operation and Dev...
Corporate Governance Scorecard: Reinforcing High Standards of Governance Across the GOCC Sector
Established on 08 October 2015, the Corporate Government Scorecard (CGS) is a quantitatively-driven evaluation tool based on existing and globally accepted standards and practices. It is an instrument that assesses the corporate governance initiatives of a Government-Owned or -Controlled Corporation (GOCC) through a methodology benchmarked against the Organisation for Economic Co-operation and Development Principles (OECD Principles) and the ASEAN Corporate Governance Scorecard (ACGS).
The OECD Principles provide the benchmark for building an environment of trust, transparency, and accountability in corporations. Corporate Governance principles, such as the OECD Principles and the ACGS, guide corporations on how to operate in a way that would lead to financial stability, business integrity, long-term sustainability and resilience, and attracting investments. In particular, the OECD Principles include: Ensuring the Basis for an Effective Corporate Governance Framework, the Role of Stakeholders, Disclosure and Transparency, and the Responsibilities of the Board.
The GCG used these international standards as a point of reference and introduced the CGS for the GOCC Sector. Through this, the Governance Commission aims to reinforce improvement of corporate governance standards that will lead to long-term sustainability and resilience in the Sector.
The CGS checks GOCCs’ policies and practices in terms of stakeholder relationships, disclosure and transparency, and responsibilities of the Board. GOCCs which adhere to the principles yield a good corporate governance score. This means that these institutions have rules and practices that allow them to have a satisfactory relationship with the Board, internal and external stakeholders, shareholders, and creditors.
The output of the CGS is called the CGS score. This is an indicator of the GOCCs' level of adherence to international best practices.
CGS and PES
Despite its clear characteristics, the CGS is often mistaken for the Performance Evaluation System (PES), a performance evaluation framework of the GCG. While both are significant for a thorough assessment of a GOCC, both are unique in terms of their objectives and purpose.
The CGS aims to enhance the corporate governance standards in GOCCs towards sustainability and resilience. It helps the Governance Commission and GOCCs identify and assess the latter’s strengths and weaknesses by checking the level of adherence to existing corporate governance provisions, best practices, and international standards of corporate governance.
The CGS asks questions such as “Does the GOCC stipulate the existence and scope of its effort to address customer’s welfare?” to assess the policies and practices in terms of relationship with stakeholders. It also checks the content quality of a GOCC’s Annual Report to assess the disclosure and transparency of GOCCs.
In terms of the responsibilities of the Board, the CGS evaluates the practices of the GOCC, asking questions such as, “Does the GOCC disclose how it implements and monitors compliance with the code of ethics or conduct?”
In contrast, the purpose of the PES is to set organizational targets and appraise the accomplishments of a GOCC. It indicates the organizational performance of a GOCC based on their mandates and long-term vision as a contribution to national development.
It measures the GOCC’s performance of its strategic objectives that are anchored on the five perspectives: a) Social Impact, b) Financial, c) Stakeholder/Customer, d) Internal Processes, and e) Learning and Growth.
Each perspective tackles a certain scope of the organization. The Social Impact Perspective refers to the national and community-wide or socio-economic impact of the services delivered by the GOCC. The Financial Perspective evaluates the financial performance and utilization of the corporation. The Stakeholder/Customer Perspective measures organizational performance based on the level of satisfaction of customers with the GOCC services delivered. The Internal Process Perspective refers to the efficient manner and quality of the corporation’s operations and functions. The Learning and Growth Perspective measures the competencies of the employees and other capacities that are vital to performance.
It is important to note that the PES also consists of different measures given the various mandates, operations, and objectives of the GOCCs. The CGS, on the other hand, consists of the same set of standards being checked across all the GOCCs.
The PES is the basis for the Performance-Based Bonus of the employees. It also forms part of the computation of the Performance Evaluation for Directors (PED) score of the Board Members. It also helps the GCG to ascertain whether a GOCC should be reorganized, merged, streamlined, abolished, or privatized.
The PES promotes accountability in government corporations, while the CGS encourages transparency; both implement the State policy in the governance of GOCCs. In tandem with the PES, the CGS helps ensure that state-owned enterprises are running at their best, full capacity and are espousing a culture of good governance.
For media contact:
Kristine Joyce B. Reaño
(02) 5328 – 2030 to 34 local 442
kjbreano@gcg.gov.ph
www.gcg.gov.ph
GCG OBTAINS HIGH AUDIT RATING FROM COA
The Governance Commission for GOCCs (GCG) obtained a high audit rating for the Calendar Year 2019 in the recently released annual audit report of the Commission on Audit (COA). The report, which is now available on the COA’s website, was signed on 31 July 2020 by supervising auditor Melinda R. Barcial. The GCG is among the 15 attached agencies under the Office of the President that received...
GCG OBTAINS HIGH AUDIT RATING FROM COA
The Governance Commission for GOCCs (GCG) obtained a high audit rating for the Calendar Year 2019 in the recently released annual audit report of the Commission on Audit (COA). The report, which is now available on the COA’s website, was signed on 31 July 2020 by supervising auditor Melinda R. Barcial. The GCG is among the 15 attached agencies under the Office of the President that received an unqualified audit opinion.
This is an achievement for the GCG as an organization, made possible by the hard work of its personnel who ensure that processes remain clean, efficient, and streamlined.
Each year since 2013, the COA has been issuing an Unqualified Opinion to the GCG for consistently presenting its financial statements following the Generally Accepted Accounting Principles and Philippine Public-Sector Accounting Standards.
Financial statements comprise of financial performance, statement of cash flows, statement of changes in net assets/equity, statement of comparison of budget, and actual amounts for the year.
The recommendations of the COA and other stakeholders serve to further aid the GCG to continuously improve its processes and become more effective in its role as the central advisory, monitoring, and oversight body of the GOCC sector.
The COA also commended the GCG Management for its good procurement planning that brought an effective, efficient, and economical discharge of the financial and operational functions of the agency.
For media contact:
Kristine Joyce B. Reaño
(02) 5328 – 2030 to 34 local 442
kjbreano@gcg.gov.ph
www.gcg.gov.ph
GCG RECEIVES OUTSTANDING ACCOUNTING OFFICE AWARD FOR 2018
GCG reaps Outstanding Accounting Office Award. The Association of Government Accountants of the Philippines, Inc. (AGAP), conferred the Governance Commission for GOCCs (GCG) with the Outstanding Accounting Office Award for year 2018 on 23 October 2019. AGAP awarded GCG for having exemplary met the criteria of Accuracy, Timeliness, Reliability and Compliance to Accounting Rules and Regulatio...
GCG RECEIVES OUTSTANDING ACCOUNTING OFFICE AWARD FOR 2018
GCG reaps Outstanding Accounting Office Award. The Association of Government Accountants of the Philippines, Inc. (AGAP), conferred the Governance Commission for GOCCs (GCG) with the Outstanding Accounting Office Award for year 2018 on 23 October 2019. AGAP awarded GCG for having exemplary met the criteria of Accuracy, Timeliness, Reliability and Compliance to Accounting Rules and Regulations set by the Committee on Awards. Shown in Photo (L-R) GCG Chief Accountant, Mr. Raul T. Abad; DBM Secretary, Mr. Wendel E. Avisado; DBM Undersecretary and AGAP President, Ms. Tina Rose Marie L. Canda; GCG Director, Mr. Jaypee O. Abesamis; GCG Supervising Administrative Officer, Mr. Raymond C. Ramos; COA Commissioner, Mr. Roland C. Pondoc, and AGAP Executive Vice-President, Ms. Ester A. Aldana.
The Association of Government Accountants of the Philippines, Inc. (AGAP), conferred the Governance Commission for GOCCs (GCG) with the Outstanding Accounting Office Award for the year 2018 on 23 October 2019.
Recognizing the quality, timeliness, and accuracy of the Governance Commission’s financial reports, AGAP granted the coveted award during the opening day ceremonies of the convention-seminar held in Cagayan de Oro City. Annually, AGAP recognizes exemplary accounting offices in the government during its technical seminar and convention. The said event promotes programs towards maintaining high professional and ethical standards. It also encourages continuing quality education among members and personnel in Accounting.
The Governance Commission was previously granted this award in the years 2015 and 2016.
Government instrumentalities, including Local Government Units (LGUs) and Government-Owned or-Controlled Corporations (GOCCs), can be conferred with the Accounting Office Award upon the nomination of the Commission on Audit (COA). The COA nominates exemplary government instrumentalities that meet all the criteria in the submission of financial reports, including reliability and compliance with accounting rules and regulations.
The Governance Commission was among the forty-one conferred with the Most Outstanding Accounting Office Award for 2019.
Consistent with this achievement, the GCG also received an “Unqualified Opinion” on the 2018 Auditor’s Report by the COA. Since 2015, the COA has been issuing an Unqualified Opinion to the GCG as the latter consistently presented its financial statements following the Generally Accepted Accounting Principles and Philippine Public-Sector Accounting Standards.
For media contact:
Kristine Joyce B. Reaño
(02) 328 – 2030 to 34 local 442
kjbreano@gcg.gov.ph
www.gcg.gov.ph
PRRD LIMITS THE PERFORMANCE-BASED INCENTIVE RATES FOR GOCC BOARD OF DIRECTORS
The Office of the President has approved the revised Interim Performance Based Incentive (PBI) System for the Appointive Directors of Government Owned or Controlled Corporations (GOCCs), as proposed by the Governance Commission for GOCCs (GCG), setting the limits and the conditions on its grant. The grant of the incentive was previously suspended following President Duterte’s directive to s...
PRRD LIMITS THE PERFORMANCE-BASED INCENTIVE RATES FOR GOCC BOARD OF DIRECTORS
The Office of the President has approved the revised Interim Performance Based Incentive (PBI) System for the Appointive Directors of Government Owned or Controlled Corporations (GOCCs), as proposed by the Governance Commission for GOCCs (GCG), setting the limits and the conditions on its grant.
The grant of the incentive was previously suspended following President Duterte’s directive to study and control the allowances of GOCCs and other government entities for transparent and corrupt-free governance.
Under the revised system, an Appointive Director merits to receive PBI only if the GOCC: (1) achieved a weighted-average of at least 90% in its Performance Scorecard for the applicable year; and (2) complied with the various good governance conditions set by the Inter-Agency Task Force and the GCG.
In addition, the Appointive Director must have: (1) attended at least 90% of all duly called for Board and Committee meetings; (2) rendered at least three (3) months of aggregate service as an Appointive Director in any GOCC for the applicable calendar year; (3) submitted all the requirements for Director Performance Review; and (4) has not been found guilty of an administrative and/or criminal cases related to his/her work.
The maximum PBI amount that an Appointive Director may receive varies depending on its asset and revenue sizes based on the GOCC’s classification under Executive Order (EO) No. 24, s.2011.
With the revisions, the maximum PBI amount has decreased by 67%. For the largest GOCCs (Class A), the maximum PBI has been reduced to P512,000.00 from the previous maximum amount of P1,536,000.00. On the other hand, the maximum PBI for the smallest GOCCs (Class E) is now P64,000, compared to the previous P192,000.00.
The funding for the PBI shall be charged to the respective corporate funds of GOCCs, subject to the approval of their respective Governing Boards per applicable laws, rules, and regulations.
With the upcoming State of the Nation Address (SONA), the Revised PBI is another accomplishment by President Duterte from his 2017 SONA stating that salaries, allowances, incentives, benefits and bonuses across the GOCCs will have to pass by the Office of the President. The limitations set can allow these government corporations to allocate more funds to better serve the public.
For media contact:
Kristine Joyce B. Reaño
(02) 328 – 2030 to 34 local 442
kjbreano@gcg.gov.ph
www.gcg.gov.ph
GCG RECEIVES 8888 HOTLINE CERTIFICATE OF COLLABORATION
(Released on 12 October 2018) Hotline 8888 Head of Operations Presenting the Certificate of Collaboration to GCG General Counsel (L-R) GCG Director Irving V. Occeña, GCG Commissioner Marites Cruz-Doral, GCG Chairman Samuel G. Dagpin, Jr., GCG General Counsel Michael D. Pabalinas, Hotline 8888 Head of Operations Atty. Erich Josef Ting, OCS-STAR Usec. Dale S. Cabrera, OCS-STAR PSO Gayle...
GCG RECEIVES 8888 HOTLINE CERTIFICATE OF COLLABORATION
(Released on 12 October 2018)
Hotline 8888 Head of Operations Presenting the Certificate of Collaboration to GCG General Counsel
(L-R) GCG Director Irving V. Occeña, GCG Commissioner Marites Cruz-Doral, GCG Chairman Samuel G. Dagpin, Jr., GCG General Counsel Michael D. Pabalinas, Hotline 8888 Head of Operations Atty. Erich Josef Ting, OCS-STAR Usec. Dale S. Cabrera, OCS-STAR PSO Gayle Gloria, and OCS-STAR PSO Dave A. Valcarcel
The Office of the Cabinet Secretary certified the Governance Commission as compliant with the requirements for collaboration for the implementation and operation of the 8888 Citizens’ Complaints Hotline. As such, the GCG has complied with the designation of focal and technical persons, attendance in the orientation and simulation seminars, and enrollment of the agency’s online account with the 8888 Hotline System.
Hotline 8888 Head of Operations Atty. Erich Josef Ting and Strategic Action and Response Office Usec. Dale S. Cabrera presented the Certificate of Collaboration to GCG General Counsel Michael D. Pabalinas, together with Chairman Samuel G. Dagpin, Jr., Commissioner Marites Cruz-Doral, and Director Irving V. Occeña on 27 September 2018 at the GCG Training Room.
The Governance Commission has been commended for closing 95.55% or 129 of the 135 total number of issues and complaints received through the hotline as of 01 October 2018.
For media contact:
Veronica Paula D. Castro
(02) 328 – 2030 to 34 local 442
vpdcastro@gcg.gov.ph
www.gcg.gov.ph
Updates
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- GCG MO No. 2021-01 - Reclassification of Positions in PSALM
- GCG MC No. 2021-01 - Interim Performance-Based Incentive (PBI) System for the Appointive Directors of GOCCs Covered by GCG for CY 2020 and for the Years Thereafter
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