
GCG Opens 1ST Compliance Season for the GOCC Monitoring System (GMS) V3.0
All GOCCs covered by Republic Act (R.A.) No. 10149 are directed to submit the required financial reports in the system starting 04 April 2022 until 31 May 2022.
The GCG officially opens the GOCC Monitoring System (GMS) compliance season in view of the successful orientation and workshop for the system’s new version under the Integrated Corporate Reporting System (ICRS).
The GOCC-registered GMS Representative and Encoder may access the live GMS v3.0 website. They may also refer to the user manual, video tutorials, and presentation on this link.
For questions and clarifications, GOCCs may send an email to their designated GMS Experts and copy furnish the ICRS Secretariat at icrs_secretariat@gcg.gov.ph.

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 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 Scorecards of GOCCs, the CGS ensures the transparency of GOCCs on their corporate governance initiatives and practices.
To view the list of GOCCs that garnered the highest CGS ratings for CY 2020, click here.

GCG Encourages Online Submissions
The Governance Commission encourages the GOCC Sector to submit all duly signed requests and complete requirements electronically through feedback@gcg.gov.ph.
This is in line with the return of 100 percent of the GCG’s workforce on-site following the approval of the Alert Level 1 from 01 to 15 March 2022 in the National Capital Region (NCR). The Governance Commission remains vigilant against the Coronavirus (COVID-19) and committed to maintain the health and safety of all its stakeholders.
Immediate queries and concerns may be relayed through telephone numbers (+632) 5328-2030 and (+632) 5318-1000.
Click here to view the Notice

President Approves Service Recognition Incentive
President Rodrigo Roa Duterte authorized the service recognition incentive (SRI) to government employees through Administrative Order No. 45 on 24 December 2021.
A.O. No. 45 details the beneficiaries, conditions, exclusions, funding source and payment date of the SRI. The SRI aims to reward government employees for their invaluable service during the pandemic and serve as motivation for higher productivity. According to the order, the payment of the incentive to all qualified government workers shall not be earlier than 21 December 2021.
Click here to view A.O. No. 45, s. 2021.

GCG Reports 2020 GOCC Customer Satisfaction Surveys Results
40 GOCCs were deemed compliant with the GCG Standard Methodology for the Conduct of the Customer Satisfaction Survey (CSS) in 2020. These GOCCs had an average score of 91.53% satisfied customers.
Anchored on the principle of continuous improvement, the GCG issued the Enhanced Standard Methodology for the Conduct of the CSS and updated Prescribed Questionnaires and Data Gathering Methodology per GOCC in 2019.
The GCG also issued additional guidelines for the conduct of the CSS in 2020 amidst the COVID-19 pandemic.
Click here to view the Status Report on the 2020 GOCC Customer Satisfaction.

CPCS Implementing Guidelines Published
The Governance Commission for GOCCs (GCG) issued the Compensation and Position Classification System (CPCS) Implementing Guidelines on 14 January 2022 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, benefits and incentives, additional entitlements, and procedural rules of the GOCCs’ new compensation system. Circulars concerning allowances, bonuses and incentives, among others, were also published.
The GOCCs, through their Governing Boards, are responsible for the proper implementation of the Implementing Guidelines.
To access the CPCS Implementing Guidelines and Circulars, click https://gcg.gov.ph/cpcs/.

GCG Implements Skeleton Workforce Arrangement
The Governance Commission implements the minimum Skeleton Workforce Arrangement effective 13 January 2022 to 21 January 2022.
This arrangement is in response to the rising COVID-19 cases in the National Capital Region (NCR) and the recorded COVID-19 cases and close contacts in the agency. Following the imposition of the reduced workforce, visitors are prohibited from the premises during this period. Physical submissions of documents are also highly discouraged.
Stakeholders must submit documents or request a meeting via email to minimize the risk of exposure to the virus and ensure the health and safety of everyone.
For further queries, you may contact us through feedback@gcg.gov.ph.
The Governance Commission remains committed to ensuring the safety of its employees and stakeholders.

GCG launches CPCS Portal
The Governance Commission for GOCCs (GCG) opens the Compensation and Position Classification System (CPCS) portal on its website.
In view of the Executive Order No. 150, s. 2021, the GCG launched the CPCS page as an online channel dedicated to pertinent announcements and issuances.
The page may be accessed through https://gcg.gov.ph/cpcs/.

E.O. No. 150 Approved by the President
President Rodrigo Roa Duterte approved the new Compensation and Position Classification System (CPCS) through Executive Order No. 150 on 01 October 2021.
E.O. No. 150 details the approved CPCS and Index of Occupational Services, Position Titles, and Job Grades for GOCCs (IOS-G). It also repeals E.O No. 203, s. 2016. It shall apply to all GOCCs, Government Financial Institutions, Government Instrumentalities with Corporate Powers, and Government Corporate Entities including their subsidiaries, under the Republic Act No. 10149.
E.O. no. 150, s. 2021 was published in BusinessMirror on 06 October 2021.
Click here to view E.O. no. 150, s. 2021.

GCG Releases Cybersecurity Guidelines for GOCCs
The GCG releases the Cybersecurity Guidelines for the GOCC Sector to prevent threats in the cyberspace and reinforce systems and operations online.
The Governance Commission recognizes that cybersecurity is a major concern because of the digital transformation of government agencies and instrumentalities due to the COVID-19 pandemic.
The GOCC Sector is encouraged to align policies to the directives of competent authorities on cybersecurity and data privacy, improve respective cybersecurity frameworks, enterprise risk assessment, regular penetration testing, and adopt a manual on data privacy.
Click here to view the Cybersecurity Guidelines for GOCCs.

DTI, GCG ink partnership for GOCCs
The Governance Commission for GOCCs (GCG) and the Department of Trade and Industry (DTI) entered a partnership through the signing of a Memorandum of Understanding for the promotion of the Philippine Quality Award (PQA) Program in the Sector.
This collaboration aims to improve and recognize the organizational performance across the GOCC Sector through the PQA Program. Subsequently, DTI and GCG will conduct PQA orientations and training programs, develop an incentive program, and create necessary supplemental programs for the continuing development and improvement of GOCCs.
Click here to know more about this partnership.

GCG Implements Protocol for GOCC Submissions
The Governance Commission implements protocol on submitting requests, applications, and other documents requiring approval, resolution, or opinion.
GOCCs must submit such requests through a formal letter signed by authorities approved by GCG. They may also digitally sign such letters provided, compliant with the Department of Information and Communications Technology (DICT) Philippine National Public Key Infrastructure (PNPKI).
GOCCs shall also designate a corporate e-mail to receive all transmittals and an officer who will acknowledge the receipt from GCG.
For queries and concerns, contact the GCG through e-mail at feedback@gcg.gov.ph.
Click here to view the Notice.

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 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.

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 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.

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.

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 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.

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.
Latest Press Release
GCG CHIEF HIGHLIGHTS ANNIVERSARY MILESTONES
The Governance Commission for GOCCs (GCG) Chairperson Samuel G. Dagpin, Jr. emphasized the achievements of the Governance Commission on the anniversary celebration of the GOCC Governance Act of 2011 on 03 June 2022. This year marks the 11th anniversary since the creation of the central policy-making and regulatory body mandated to safeguard the State’s ownership rights and monitor the operat...
GCG CHIEF HIGHLIGHTS ANNIVERSARY MILESTONES
The Governance Commission for GOCCs (GCG) Chairperson Samuel G. Dagpin, Jr. emphasized the achievements of the Governance Commission on the anniversary celebration of the GOCC Governance Act of 2011 on 03 June 2022. This year marks the 11th anniversary since the creation of the central policy-making and regulatory body mandated to safeguard the State’s ownership rights and monitor the operations of government-owned or-controlled corporations (GOCCs).
Chairperson Dagpin cited the Compensation and Position Classification System (CPCS) as one of the continued undertaking of the Governance Commission.
Securing approval on 01 October 2021 from President Rodrigo Roa Duterte, the CPCS began a new compensation scheme that will provide equal pay for work of equal value. Several guidelines and circulars were published subsequently for proper implementation of the system.
“In January this year, the Governance Commission issued the CPCS Implementing Guidelines and its respective CPCS Circulars. As of 01 June 2022, 54 GOCCs out of 67 received the Authorization to implement the CPCS,” Chairman Dagpin shared.
The Chairman also shared that the GCG remains steadfast in its commitment to the 2017-2022 Philippine Development Plan by ensuring a level playing field between the government and private sector. He added that the GCG had shown increasing net satisfaction scores since 2020 based on third-party surveys. From an increase to 60% in 2020, the Governance Commission received a 74% net satisfaction score in 2021, which proved continual improvement in the agency.
Commission on Audit (COA) Commissioner Roland Café Pondoc, guest speaker, shared that the COA sees the Governance Commission as a key stakeholder in ensuring transparency and accountability in the use of government resources in the GOCC Sector, as well as in strengthening public trust and confidence in government corporate finances.
COA Commissioner Pondoc commended the Governance Commission for adopting and utilizing technological advancements, tools, and resources to ensure unhampered delivery of services.
“It is a step in the right direction, especially in this time of the new normal where government agencies need to leverage technology to effectively carry out our respective mandates. For the Commission, we are undergoing an audit modernization program, which includes strategies to build capacities for remote auditing, as well as use artificial intelligence to help auditors in data collection and analysis,” Commissioner Pondoc shared.
GCG Chairman Dagpin also underscored the conferment of the Outstanding Accounting Office Award by the Association of Government Accountants of the Philippines, Inc. (AGAP) to the GCG in 2015, 2016, 2018, 2019, 2020 as a Hall of Famer, and in 2021. This achievement reflected the GCG’s high professional and ethical standards in terms of its finances. The Chairman also shared that the Governance Commission had received an Unqualified Opinion, the highest COA rating, for nine (9) years from 2013 to 2021.
For media contact:
Kristine Joyce B. Reaño
(02) 5328 – 2030 to 34 local 442
kjbreano@gcg.gov.ph
www.gcg.gov.ph
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...
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 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 Scorecards of GOCCs, the CGS ensures the transparency of GOCCs on their corporate governance initiatives and practices.
To view the list of GOCCs that garnered the highest CGS ratings for CY 2020, click here.
For media contact:
Kristine Joyce B. Reaño
(02) 5328 – 2030 to 34 local 442
kjbreano@gcg.gov.ph
www.gcg.gov.ph
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...
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, benefits and incentives, additional entitlements, and procedural rules of the GOCCs’ new compensation system.
According to the Implementing Guidelines, all Government-Owned or -Controlled Corporations (GOCCs) and their subsidiaries, unless excluded from the coverage of Republic Act (R.A.) No. 10149 or with approved abolition or deactivation orders, shall implement the new system upon receipt of their respective authorization to adopt the CPCS from the GCG.
The CPCS authorization shall contain the Classification, Job Evaluation Results, and Tiering of the GOCCs.
The Classification determines the appropriate compensation system to be implemented by the GOCC. It considers the nature of operations, the financial viability to sustain their operations/activities and the size of the GOCCs.
Further, the Job Evaluation Results shall determine the CPCS Job Grades of the GOCC positions which were determined using the Job Evaluation methodology under E.O. No. 150.
Finally, the Tiering determines the applicable pay levels that GOCCs may implement based on their financials.
Upon receipt of its authorization, the GOCC Governing Board shall approve the appropriate salary schedule under the CPCS with due consideration of the GOCC’s capability to afford and sustain its implementation. GOCCs with substantial compliance to CPCS requirements upon approval of E.O. No. 150 shall retroactively apply the salary structures, allowances, benefits, and incentives effective 05 October 2021.
Along with the Implementing Guidelines, the GCG also issued several circulars concerning allowances, bonuses and incentives, among others. The GCG also released the CPCS Frequently Asked Questions (FAQ). These may be found at the CPCS portal on the GCG website at https://gcg.gov.ph/cpcs/.
The CPCS follows the principles of the GOCC Governance Act of 2011 to standardize GOCC compensation and provide equal pay for work of equal value.
The Governance Commission is the implementing agency of the CPCS.
1 Published in the BusinessWorld on 14 January 2022.
For media contact:
Kristine Joyce B. Reaño
(02) 5328 – 2030 to 34 local 442
kjbreano@gcg.gov.ph
www.gcg.gov.ph
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...
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 petitions filed by Albay Representative Edcel Lagman and Surigao del Sur 1st District Representative Prospero Pichay, Jr.
The high tribunal found that the law mandates the improvement of the State’s ownership rights in GOCCs, promotes growth by ensuring that operations are aligned with national development policies and programs, and addresses the poor handling of the operations and abuses committed by officials of these corporations.
The SC held that Republic Act No. 10149 introduced valid changes to the terms and conditions for service in GOCCs in that “Congress acted within its discretion when it modified, in good faith and in accordance with the objectives and policies contained in valid laws, the aspects of public offices which exist by virtue of the same exercise of legislative power.
Congress enacted Republic Act No. 10149 to address the reported abuses, poor performance, and inefficiencies in the operations of GOCCs. The law, among others, reduced the terms of incumbent GOCC officers and created a central policy-making and regulatory body for GOCCs, tasked with reforming and developing a standardized compensation and position classification system for GOCCs.”1
These actions that the Congress enacted through R.A. No. 10149 were geared toward achieving what they perceived as a great public need.
Of equal note, the SC did not see the need to address questions of legislative policy or wisdom with due respect to the Congress as a co-equal branch of government. Absent any clear showing of unconstitutionality, the provisions of RA No. 10149, duly deliberated upon and approved by the legislature, should be upheld.
The Governance Commission welcomes this decision as it continues to pursue its mandate which the Congress has enacted through the law. Further, GCG remains steadfast in its commitment in ensuring a strategic and performance-driven GOCC Sector that upholds transparency and institutionalizes good corporate governance in the service of the Filipino people.
1-Page 71, Decision in G.R. Nos. 197422 and 197950, promulgated on 03 November 2020
For media contact:
Kristine Joyce B. Reaño
(02) 5328 – 2030 to 34 local 442
kjbreano@gcg.gov.ph
www.gcg.gov.ph
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...
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 Unqualified Opinion for the presentation of financial statements. Meriting such rating entails consistently following the Generally Accepted Accounting Principles and Philippine Public-Sector Accounting Standards.
Despite the COVID-19 pandemic, the GCG was able to sustain transparent, efficient, and streamlined processes. The GCG Management was able to present financial statements that complied with applicable laws, rules, and regulations.
The recommendations of the COA and other stakeholders presented future improvement opportunities to aid the GCG in enhancing its processes and operations.
By addressing findings and implementing recommendations, the GCG becomes more effective in its role as the central advisory, monitoring, and oversight body of the GOCC Sector.
-o0o-
For media contact:
Kristine Joyce B. Reaño
(02) 5328 – 2030 to 34 local 442
kjbreano@gcg.gov.ph
www.gcg.gov.ph
Updates
- CPCS Circular No. 2022 - 001
- GCG MO No. 2022-07 - Authorizing the Philippine Crop Insurance Corporation (PCIC) to Create a Risk Management Office and Three (3) Positions
- GCG MO No. 2022-01 - Creation of Program Management Office (PMO) in the Philippine Coconut Authority (PCA)
- GCG MO No. 2022-05 - Retitling/Conversion of Twenty-One (21) Positions in the Philippine National Oil Company (PNOC)
- GCG MO No. 2021-16 - Classifying the PHIVIDEC Panay Agro-Industrial Corporation (PPAIC) as excluded from the Coverage of Republic Act No. 10149
- GCG MO No. 2022-04 - Excluding the Development Academy of the Philippines from the coverage of Republic Act (R.A.) No. 10149
- GCG MO No. 2022-02 - Approving an Interim Measure to Address Manpower Requirement of the Landbank of the Philippines
- CPCS Frequently Asked Questions
- CPCS Orientation Presentation
- ICD Accreditation 2021