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GOVERNANCE COMMISSION AND DICT COLLABORATE FOR DIGITAL TRANSFORMATION

01 March 2024
04:29:48 PM

MAKATI, Philippines - The Department of Information and Communications Technology (DICT) collaborated with officials and employees of the Governance Commission for Government-Owned or -Controlled Corporations (GCG) to discuss the implementation of the eGovernment platform within the GCG and Government-Owned or -Controlled Corporations (GOCC) sector on 27 February 2024. Led by Undersecretary Dav...

SDES GUEVARA INSPIRES AT GCG

28 February 2024
03:21:26 PM

Photo Caption: From Left to right: GCG Commissioner Atty. Brian Keith F. Hosaka, GCG Chairperson Atty. Marius P. Corpus, Senior Deputy Executive Secretary Atty. Hubert Dominic B. Guevara, GCG Commissioner Atty. Geraldine Marie B. Berberabe-Martinez, GCG Executive Director Atty. Johann Carlos S. Barcena, and GCG Head Executive Assistant Atty. Mario Lorenzo V. Corpus. MAKATI, Philippines –...

GOVERNANCE COMMISSION MEETS SECRETARY RECTO

19 February 2024
02:33:13 PM

Caption: (From L-R) GCG Chairperson Atty. Marius P. Corpus, DOF Secretary Ralph G. Recto, GCG Commissioners Atty. Geraldine Marie B. Berberabe Martinez and Atty. Brian Keith F. Hosaka (Photo by Mong Pintolo) MANILA, Philippines – Top officials from the Governance Commission for Government-Owned or -Controlled Corporations (GCG) paid a courtesy call to the newly-appointed Finance Secretary...

GCG ISSUES AUTHORITY TO IMPLEMENT HIGHER WAGES FOR PAGCOR EMPLOYEES

07 February 2024
03:43:26 PM

MANILA – The Governance Commission for GOCCs (GCG) raised the salaries of Philippine Amusement and Gaming Corporation (PAGCOR) employees by issuing the Authority to Implement (ATI) the Compensation and Position Classification System (CPCS) last 31 January 2024. In a Senate Committee hearing presided over by Senator Rafael “Raffy” T. Tulfo last 01 February 2024, GCG, led by Chair...

PARA SA BAGONG PILIPINAS: GCG JOINS KICK-OFF RALLY

30 January 2024
09:22:34 AM

Photo Caption: One of the employees from GCG raising her banner to show support to the administration’s call for a renewed Philippines at the Bagong Pilipinas Kick-Off Rally on 28 January 2024, at Quirino Grandstand Manila. MANILA, Philippines – Employees from the Governance Commission for GOCCs (GCG) showed their support to President Ferdinand R. Marcos Jr's call for a renewed...

GCG, ICD SIGN STRATEGIC PARTNERSHIP FOR ENHANCED CORPORATE GOVERNANCE IN GOCC SECTOR

15 January 2024
04:48:38 PM

Photo Caption: GCG Chairperson Atty. Marius P. Corpus (right) and ICD Chairman Atty. Pedro H. Maniego, Jr. (left) sign the Memorandum of Agreement, solidifying a strategic partnership to further strengthen the corporate governance in the GOCC sector. MAKATI, Philippines – In a significant move towards further strengthening the governance of state-owned corporations, the Governance Commiss...

PRESIDENT MARCOS APPOINTS NEW GCG EXECUTIVE DIRECTOR, OFFICE DIRECTORS

15 January 2024
04:10:43 PM

MAKATI, Philippines – President Ferdinand R. Marcos Jr. has appointed a new Executive Director and three (3) office Directors in the Governance Commission for GOCCs (GCG).   Atty. Johann Carlos S. Barcena, CESO III, has been appointed as Executive Director IV. Mr. Raul T. Abad, CPA, Mr. Jaypee O. Abesamis, and Atty. Maricor E. Lacambacal have all been appointed as Director IV. GCG Ch...

GCG HOLDS INAUGURAL MEETING WITH MAHARLIKA PCEO

08 January 2024
04:29:08 PM

Photo Caption: Officials of the Governance Commission for GOCCs (GCG) and Maharlika Investment Corporation (MIC) convened in its inaugural meeting on 08 January 2024 at the GCG office. [From L-R: Atty. Geraldine Marie B. Berberabe-Martinez, GCG Commissioner; Atty. Brian Keith F. Hosaka, GCG Commissioner; Atty. Marius P. Corpus, GCG Chairperson; Rafael D. Consing, Jr. MIC President and Chief Exec...

GCG SHOWCASES REFORMS IN GOCC GOVERNING BOARDS IN OECD, INTERNATIONAL NETWORK MEETING

21 December 2023
03:25:34 PM

Photo Caption: GCG Commissioner Geraldine Marie B. Berberabe-Martinez gives a presentation on Philippine reforms in the professionalization of GOCC Governing Boards during the 16th Meeting of the Asia Network on Corporate Governance of State-Owned Enterprises (SOEs) held from 14 to 15 December 2023 in Macau. The Governance Commission for GOCCs (GCG) showcased Philippine reforms in the professio...

GCG, ADB ENGAGE IN EXPLORATORY MEETING AND SEMINAR ON SOVEREIGN WEALTH FUND

18 December 2023
09:08:05 AM

Photo Caption: The Governance Commission and representatives from the Asian Development Bank (ADB) in a seminar on Sovereign Wealth Fund (SWF) and State-Owned Enterprise (SOE) Policy Reforms in Indonesia last 04 December 2023 at the Philippine International Convention Center (PICC). [From L-R] Dr. Yurendra Basnett, ADB; Ms. Elizabeth Alpe, ADB; Atty. Jose Luis Syquia, ADB; Atty Marius P. Co...

GCG CELEBRATES EXCELLENCE: TOP GOCCS RECOGNIZED AT INAUGURAL GOCC GOVERNANCE AWARDS CEREMONY

21 November 2023
11:11:34 AM

MANILA – 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.  In a video message, President Ferdinand “Bongbong” Marcos Jr. extended hi...

GCG COMMENDS PCSO FOR EXCEPTIONAL PERFORMANCE IN 2022

10 November 2023
03:30:53 PM

The Governance Commission for GOCCs (GCG) commended the Philippine Charity Sweepstakes Office (PCSO) for the marked improvement in delivering their Performance Scorecard targets in 2022 during their 89th Anniversary Celebration last 27 October 2023. In his speech, GCG Chairperson Atty. Marius P. Corpus highlighted the exceptional performance of the PCSO in the previous year. “The PCSO was a...

GCG IS ISO 9001:2015 RECERTIFIED!

27 October 2023
01:23:55 PM

The Governance Commission for GOCCs (GCG) received its certificate on ISO 9001:2015 for the recertification of its Quality Management System (QMS) with scope “Provision of Corporate Policies and Standards Development and Corporate Governance Services” during the Awarding Ceremony on 23 October 2023 held at the GCG office. The certificate was awarded by TÜV Rheinland (TÜVR) P...

GCG BAGS 7TH AWARD AS MOST OUTSTANDING ACCOUNTING OFFICE

24 October 2023
05:14:46 PM

The Governance Commission for GOCCs’ (GCG) Finance Division was conferred the Outstanding Accounting Office Award for fiscal year (FY) 2022 by the Association of Government Accountants of the Philippines, Inc. (AGAP). Representatives of the GCG received the prestigious award during the AGAP Annual Convention 2023 in Bacolod City, Negros Occidental, last 18 October 2023. This is the agenc...

GCG CONDUCTS FIRST EN BANC MEETING UNDER NEW LEADERSHIP

11 October 2023
01:25:22 PM

The Governance Commission for GOCCs (GCG), under its new leadership, conducted its first en banc meeting with the Department of Finance (DOF) and the Department of Budget and Management (DBM) last 04 October 2023, Wednesday, at the GCG office. Present at the third quarter en banc meeting were GCG Chairperson Marius P. Corpus, DOF Secretary Benjamin E. Diokno, DBM Secretary Amenah F. Pangandaman,...

GCG MEETS WITH PHILHEALTH'S EMPLOYEES' ASSOCIATION

10 October 2023
02:24:23 PM

The Governance Commission for GOCCs (GCG) met with the officials of the Philippine Health Insurance Corporation Workers for Hope, Integrity, Transparency, and Empowerment (PhilHealth-WHITE) last 21 September 2023, at the GCG office, to tackle employee matters. Present in the meeting were GCG Chairperson Atty. Marius P. Corpus, GCG Commissioner Atty. Brian Keith F. Hosaka, GCG Commissioner Atty. G...

GCG EMPLOYEES PARTICIPATE IN BASIC LIFE SUPPORT AND CARDIOPULMONARY RESUSCITATION TRAINING

03 October 2023
04:03:53 PM

Officials and personnel of the Governance Commission for GOCCs (GCG) attended an in-house Basic Life Support (BLS) and Cardiopulmonary Resuscitation (CPR) training conducted by the Bureau of Fire Protection National Headquarters (BFP-NHQ) last 21 September 2023. The training was designed to educate the GCG employees to recognize life-threatening scenarios and perform life-saving measures, such as...

GCG AND BARMM DISCUSS POLICIES ON POSSIBLE CREATION OF GOCCs

29 August 2023
01:59:48 PM

Officials of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) and the Governance Commission for GOCCs (GCG) met on 18 August 2023, at the GCG Office in Makati to discuss various concerns of the Bangsamoro Government pertaining to government-owned or -controlled corporations (GOCCs).   Present during the meeting were GCG Chairperson Atty. Marius P. Corpus, GCG Commissioner Atty....

DRAFTING OF THE IRR FOR THE MAHARLIKA INVESTMENT CORPORATION STARTS

29 August 2023
01:52:55 PM

An inter-agency meeting was held at the GCG office on 18 August 2023, to discuss the proposed draft of the Implementing Rules and Regulations (IRR) for Republic Act (RA) No. 11954, also known as the “Maharlika Investment Fund Act of 2023.” On 18 July 2023, President Ferdinand Marcos Jr. signed RA No. 11954. The Maharlika Investment Fund (MIF) is the sovereign wealth fund aimed at p...

GCG COMMISSIONER ATTY. GERALDINE MARIE BERBERABE-MARTINEZ SPEAKS ABOUT GCG’s ROLE IN FINEX FORUM

09 August 2023
05:13:39 PM

GCG Commissioner Atty. Geraldine Marie Berberabe-Martinez spoke about the mandates and role of the Governance Commission for GOCCs (GCG) at the Forum on Enriching Public Governance in GOCCs organized by the Financial Executive Institute of the Philippines (FINEX) on July 25, 2023.   Commissioner Berberabe-Martinez discussed and highlighted key initiatives of the GCG in furtherance of its pri...

NEWLY APPOINTED GCG OFFICIALS CALL FOR COOPERATION OF GCG EMPLOYEES

07 August 2023
03:43:25 PM

Atty. Marius P. Corpus, the newly appointed Chairperson of the Governance Commission for GOCCs (GCG), attended his first Flag Raising Ceremony as Chairperson of the GCG on August 7, 2023. GCG Chairperson Corpus was joined by newly appointed GCG Commissioner Atty. Brian Keith F. Hosaka. Chairperson Corpus and Commissioner Hosaka were appointed by President Ferdinand R. Marcos, Jr. on August...

GCG, DBM, AND CSC ISSUE JOINT CIRCULAR ON NIGHT-SHIFT DIFFERENTIAL PAY FOR GOVERNMENT WORKERS

02 August 2023
01:21:51 PM

The Civil Service Commission (CSC), the Department of Budget and Management (DBM) and the Governance Commission for GOCCs (GCG), on 01 August 2023, signed a Joint Circular on the Rules and Regulations on the Grant of Night Shift Differential Pay for government employees. The DBM and the GCG are mandated by law to administer the Compensation and Position Classification System (CPCS) in the governm...

GCG: GRANT OF PRAISE INCENTIVES TO GOCC EMPLOYEES ALLOWED, MUST COMPLY WITH CSC AND COA RULES

02 August 2023
01:20:09 PM

The Governance Commission for GOCCs (GCG) stated that the grant of PRAISE incentives to employees of GOCCs is allowed by existing rules of the Civil Service Commission (CSC). The GCG recognizes that the Program on Awards and Incentives for Service Excellence (PRAISE) was institutionalized by the CSC through CSC Memorandum Circular No. 1 series of 2001 which set the general guidelines for the gra...

WALK THE TALK: GCG ACES RECERTIFICATION AUDIT FOR ISO 9001:2015

25 July 2023
11:46:05 AM

The Governance Commission for GOCCS (GCG) passed the Recertification Audit conducted by TUV Rheinland auditors who recommended the award of ISO Certification 9001:2015 to the GCG valid for the next three years. The Recertification Audit, conducted every three years, aims to assess the compliance of different offices of the GCG to its Quality Management System aligned with the Philippine National...

GCG TO PROPOSE EXECUTIVE ORDER TO EXPEDITE DISPOSITION OF P22 BILLION ASSETS OF ABOLISHED GOVERNMENT CORPORATIONS

25 July 2023
11:26:07 AM

The Governance Commission for GOCCs (GCG) through its Disposition and Asset Management Office is determined to dispose and liquidate assets held by thirty-one (31) abolished Government Owned or Controlled Corporations (GOCCs). The Governance Commission, in disposing and liquidating the assets of the abolished GOCCs, is guided by the existing policies on 1) Safeguarding the Public Purpose of Publ...

GCG PARTNERS WITH OFW PARTYLIST TO PROMOTE PROGRAMS AND SERVICES FOR OFWS

14 July 2023
12:25:21 PM

The Governance Commission for GOCCs (GCG) and the OFW Partylist through the Office of Representative Marissa “Del Mar” Magsino signed a Memorandum of Understanding on Identification of Programs, Activities and Mechanism to Assist Overseas Filipino Workers (OFWs).  There are some government owned and controlled corporations such as SSS, PhilHealth, Overseas Filipino Bank and PAG-...

GCG TO RECOMMEND TO CONGRESS THE EXTENSION OR NON-EXTENSION OF GOCC CHARTERS

10 July 2023
01:27:48 PM

The Governance Commission for Government-Owned and -Controlled Corporations (GCG) will conduct a comprehensive review of the mandates and performance of government corporations under its jurisdiction.  The review aims to assess economic viability, responsiveness to the needs of the public, and consistency with national development policies and programs. The results of the comprehensive re...

GCG BARES VISION FOR THE GOCC SECTOR

15 June 2023
04:40:13 PM

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) unveiled its mantra and vision for Government-Owned or -Controlled Corporations (GOCCs). “Pursuant to our mandate, the theme for this year’s celebration is to Aim G.R.E.A.T.” where “G.R.E.A.T stands for: Good governance, Rightsizing, Efficiency, Accountability, and Transparency,” said G...

GCG SEEKS STRENGTHENED MANDATE THROUGH CHARTER AMENDMENTS

05 June 2023
02:30:51 PM

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) seeks to strengthen its mandates through amendments to Republic Act No. (RA) 10149 or the GOCC Governance Act of 2011. “In order to efficiently operate as a regulatory body for the GOCC sector, RA 10149 is proposed to be amended to address issues and clarify and strengthen the powers and functions of the GCG,&r...

GCG, GOCCS COMPLETE PERFORMANCE TARGET SETTING FOR 2023

25 May 2023
10:06:25 AM

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) finally completed its Performance Target Conferences (PTCs) with all the active Government-Owned or -Controlled Corporations (GOCCs) under its monitoring. “We have already completed all PTCs and approved the 2023 performance scorecards of 82 GOCCs under our oversight,” said GCG Chairperson Justice Alex L....

GCG, AFP STRENGTHEN PARTNERSHIP TOWARDS NATIONAL DEVELOPMENT

16 May 2023
09:28:51 AM

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) and the Armed Forces of the Philippines (AFP) committed to work closely together to enhance contributions to national development. AFP Chief of Staff General Andres Centino paid a courtesy call to GCG Chairperson Justice Alex Quiroz (ret.) on 9 May 2023 at the GCG office in Makati City. During the courtesy call, Cha...

GCG TO SSS UNION: CPCS SUPPORTS THE ACHIEVEMENT OF A VIABLE SOCIAL SECURITY SYSTEM

03 May 2023
03:31:09 PM

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) assured the members of the Alert and Concerned Employees for Better SSS (ACCESS) Union that the implementation of the Compensation and Position Classification System (CPCS) is consistent with the vision of a sound and viable social security system. “Truly, CPCS is aligned with your vision of a sound and viable...

CONGRESSWOMAN MARISSA "DEL MAR" MAGSINO CHALLENGES GCG EMPLOYEES TO BE EXEMPLARY GOVERNMENT WORKERS

26 April 2023
02:52:20 PM

House Assistant Minority Leader and OFW Party-List Representative Marissa "Del Mar" Magsino challenged the employees of the Governance Commission for Government-Owned and -Controlled Corporations (GCG) to demonstrate integrity and excellence in public service delivery. "Let us do our job the right way—better still, the exemplary way—and the rewards that we deserve will...

GCG INSTRUCTS GOCC OFFICIALS SEEKING REAPPOINTMENT TO SUBMIT DOCUMENTARY REQUIREMENTS

26 April 2023
02:44:15 PM

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) instructed Government-Owned or -Controlled Corporation (GOCC) officials who are seeking reappointment to submit their requirements by 15 May 2023. In an 18 April 2023 memorandum for incumbent and acting chief executive officers (CEOs) and members of the GOCC Governing Board, the GCG told GOCC officials whose terms ar...

GCG WELCOMES INQUIRIES ON PROPOSED LANDBANK-DBP MERGER

25 April 2023
01:26:25 PM

The Governance Commission for Government-Owned or -Controlled Corporations (GCG) said that it welcomes inquiries that will help inform the government's decision on the proposed merger of the Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP). "We welcome all resolutions, inputs, and study that will provide the Commission better understanding and inf...

GCG SUBMITS LEGAL STUDY ON LANDBANK AND DBP MERGER

20 April 2023
12:05:59 PM

The Governance Commission submitted its legal study for the merger of Landbank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) without need for legislative action. The study aims to resolve the legal issues raised by the DBP Chairman and the Department of Finance (DOF) Secretary in a sectoral meeting held in the Office of the President. DBP Chairman posited that both...

GCG GRANTS DEFERMENT OF DFPC RESTRUCTURING PLAN

20 April 2023
12:01:44 PM

The Governance Commission approves the request of the Department of Tourism (DOT)[1] to defer the implementation of the Implementing Rules and Regulation (IRR) of the Restructuring Plan (RP) of Duty-Free Philippines Corporation (DFPC) for 60 days from 15 March 2023. The GCG reminds that while it approves the deferral, it may have a negative effect on the ongoing status of DFPC given its limited f...

GCG, ARTA SIGN JOINT MEMORANDUM CIRCULAR ON HARMONIZED CLIENT SATISFACTION MEASUREMENT

12 April 2023
03:19:50 PM

The Governance Commission for GOCCs (GCG) and the Anti-Red Tape Authority (ARTA) signed a Joint Memorandum Circular (JMC) on 12 April 2023 highlighting the adoption of a synchronized framework in determining client satisfaction across the GOCC Sector to ensure continuous improvement and enhancement of service to the Filipino people.    GCG Chairperson Justice Alex L. Quiroz (ret.) and A...

GCG TO SUBMIT RECOMMENDATION ON LANDBANK AND DBP MERGER

31 March 2023
09:10:51 AM

In a sectoral meeting attended by the stakeholders, legal concerns were raised by DBP regarding the merger. In the end of the meeting, the Governance Commission committed to promptly submit to the Office of the President its recommendation regarding the proposed merger of the Landbank of the Philippines (LBP) and the Development Bank of the Philippines (DBP).  As pronounced by Secretary Diok...

GCG TO GOCCs: MAG-USAP TAYO

17 March 2023
09:32:49 AM

The Governance Commission opens its doors to the GOCC Sector for dialogues on issues concerning the Compensation and Position Classification System (CPCS) and employee welfare as part of its dynamic and collaborative approach to providing excellent public service.   According to the Department of Budget and Management (DBM) Last Tranche of Salary Increases Implementing Guidelines published o...

GCG SUPPORTS CLIMATE CHANGE MITIGATION THROUGH CCET 2024

10 March 2023
10:52:49 AM

The Governance Commission enjoins the GOCC Sector to participate in concretizing efforts to combat Climate Change at the Annual National Climate Change Expenditure Tagging (CCET) Orientation dated 07 March 2023, spearheaded by the Climate Change Commission (CCC). The CCET has supported several projects under the government geared towards climate change resiliency included Water Sufficiency Projec...

GCG SUBMITS COMMENTS ON THE MAHARLIKA INVESTMENT FUND BILL

27 February 2023
05:03:34 PM

The Governance Commission submitted its position on Senate Bill No.1670[1] (SB No. 1670) to the Senate - Committee on Banks, Financial Institutions and Currencies on 30 January 2023.  Among the salient points of discussion in the paper is the creation of the Maharlika Investment Corporation (MIC) which is envisioned to be an independent corporate body under the proposed bill. The MIC is...

GCG INITIATES DIALOGUE WITH CDC MANAGEMENT AND UNION WORKERS ON COMPENSATION CONCERNS

14 February 2023
04:46:59 PM

The Governance Commission initiated a dialogue with the Clark Development Corporation (CDC) management and union workers on 09 February 2023 to discuss their concerns related to the implementation of the Compensation and Position Classification System (CPCS) under Executive Order (E.O.) No. 150.  Chairperson Justice Alex L. Quiroz reiterated that the goal of the CPCS under E.O. No. 15 is to...

GCG COMMENCES 2023 PERFORMANCE TARGET CONFERENCES FOR GOCCS

01 February 2023
11:30:15 AM

On 24 January 2023, the Governance Commission for GOCCs (GCG) signed the respective 2023 Performance Scorecard of the Landbank of the Philippines (LBP) and the UCPB Savings Bank (UCPB-SB) at the GCG office, launching the start of the 2023 Performance Target Conferences (PTCs) between GCG and the GOCC Sector. Prior to the conference, a consultative meeting was convened between the technical panel...

GCG ADDRESSES CDC WORKERS' CPCS CONCERNS

23 January 2023
01:43:29 PM

    Photo Caption: The Governance Commission for GOCCs (GCG) meets with the Clark Development Authority (CDC) management to discuss pertinent issues regarding the Compensation and Position Classification System (CPCS) this January.   The Governance Commission for GOCCs (GCG) assures an amicable resolution to the issues raised in line with the implementation of the Compensatio...

GCG VOWS CAREFUL EVALUATION OF CAAP

23 January 2023
01:39:55 PM

The Governance Commission for GOCCs (GCG) vows to prudently evaluate the necessity of filing criminal, civil, or administrative cases against the Civil Aviation Authority of the Philippines (CAAP) subject to the result of the Senate probe. This is in line with the technical issues that occurred in the air traffic management system of CAAP on 01 January 2023. On 03 January 2023, the GCG directed...

GCG HOLDS INSPECTION AT CAAP ATM FACILITY

10 January 2023
09:30:32 AM

The Governance Commission for GOCCs (GCG) held an on-site inspection at the air traffic management facility of the Civil Aviation Authority of the Philippines (CAAP) at MIA Road, Pasay City. This is to ensure that the Philippine Air Traffic Management System’s (ATMS) management is operating functionally, safe, and reliable. The GCG together with CAAP's officials conducted the on-site in...

GCG : STEPS TAKEN TO ABOLISH NFC PRIOR TO COA REPORT

09 January 2023
07:57:13 AM

  The Governance Commission for GOCCs (GCG) has been proactive in its efforts to abolish Northern Foods Corporation (NFC), initiating actions for the liquidation of the nonperforming government corporation as early as 2021. GCG Chairperson Justice Alex L. Quiroz took exception to a news item citing a Commission on Audit report for the fiscal year ended 31 May 2022 but claimed the GCG has y...

CALL FOR APPLICATIONS: GCG IS HIRING

03 January 2023
01:57:53 PM

The Governance Commission for GOCCs (GCG) is opening its doors to aspiring applicants with a heart for public service to join its agency. The GCG is accepting applicants for IT Officers, Lawyers, Internal Auditors, Corporate Governance Officers, Administrative Officers, Planning Officers, and Information Officers. Successful applicants will be part of a dynamic and passionate agency with plans a...

GCG LAUNCHES ANTI-CORRUPTION AND INTEGRITY PROGRAM TO APAC REGION

29 December 2022
08:25:32 AM

Commissioner Geraldine Marie Berberabe-Martinez discusses the GCG’s Anti-Corruption and Integrity Program during the session on “Preventing Corruption and Improving Business Integrity in State-owned Enterprises (SOE)” at the Meeting of the Asia-Pacific Network on Corporate Governance of SOEs on 08 December 2022 in Jakarta, Indonesia.   An active approach to transparenc...

GCG SETS SIGHT ON A NEW 2028 VISION AND STRATEGY

23 December 2022
10:43:52 AM

The Governance Commission for Government-Owned or-Controlled Corporations (GCG) takes on the challenge to be an esteemed institution for corporate governance, exemplifying the highest levels of professionalism in the stewardship of GOCCs to safeguard accountability, economic viability, and responsiveness to the needs of the Filipino by 2028. This is the new vision and strategy that the GCG has se...

GCG, PCC INK PARTNERSHIP FOR COMPETITIVE NEUTRALITY PROMOTION

20 December 2022
12:01:12 PM

The Governance Commission for GOCCs (GCG) enters into a partnership agreement with the Philippine Competition Commission (PCC) for the promotion of competitive neutrality on 16 December 2022. The Memorandum of Agreement (MOA) contains provisions emphasizing the coordination and collaboration of both parties in policy review, assessment, and access to information, among others. (L-R): Marah Victo...

CY 2021 CGS EXIT CONFERENCE: GCG AND GOCCs PARTNERS IN GOOD GOVERNANCE

20 December 2022
11:53:29 AM

The Governance Commission recognized 14 Top Performing GOCCs in the Corporate Governance Scorecard on 05 December 2022 at the Philippine International Convention Center. Shown in the photo (Upper L-R): Atty. Karen Kreez L. Tangco-Pascasio, OIC-Director IV, GCG; Representative from Development Bank of the Philippines; National Electrification Administration; Atty. Gideon D.V. Mortel, D.C.L., Comm...

GCG CARRIES OUT PBBM’S MARCHING ORDER

20 December 2022
11:44:57 AM

Spurred by President Bongbong Marcos’ directive to Chairperson Alex L. Quiroz, “Tulungan natin ang bansa,” the new leadership of the Governance Commission for GOCCs (GCG) has taken on the agency’s mandates in high gear. Starting with a responsive approach to its oversight mandate, Chairperson Quiroz initiated dialogues with GOCCs to resolve Compensation and Position Class...

GCG’s FY 2023 PROPOSED BUDGET APPROVED BY SENATE

20 December 2022
11:34:03 AM

  The Governance Commission for GOCCs’ (GCG) proposed budget of ₱402.701 Million has been approved by the Senate panel. The proposed budget is the biggest amount since the inception of the Governance Commission in 2011. In Photo L-R: Senator Sherwin Gatchalian, GCG Commissioner Geraldine Marie Berberabe-Martinez, Senator Nancy Binay, GCG Chairperson Retired Justice Alex L. Quiroz, Se...

GCG RECEIVES OUTSTANDING ACCOUNTING OFFICE AWARD FOR 2021

27 October 2022
09:22:25 AM

The Governance Commission for GOCCs (GCG) is bestowed the Outstanding Accounting Office Award for the year 2021 in recognition of its adherence to the highest professional and ethical standards of the Association of Government Accountants of the Philippines, Inc. (AGAP) on 04 October 2022 at the Park Inn by Radisson North EDSA. This was the sixth time that the AGAP conferred this award to the Com...

GCG CHAIRPERSON QUIROZ: GOCCS SHOULD BE ACCOUNTABLE

14 October 2022
08:52:57 AM

    Under the helm of the new leadership is a Commission whose dynamic approach is bent on instilling vigilance, discipline, and compliance among the Government Owned or Controlled Corporations (GOCC) Sector. In less than 60 days since Chairperson Alex L. Quiroz assumed his new role, he has introduced a series of dialogue meetings with GOCCs to look into and resolve their pressing con...

APPOINTMENTS OF DIRECTORS OF GOCC GOVERNING BOARDS

01 September 2022
04:38:57 PM

This refers to the appointments of Directors of GOCC Governing Boards in an acting capacity issued by the President of the Philippines. The constitution conferred to the President the authority to appoint officials of the Executive Department (Section 16, Article VII, 1987 Constitution), which includes temporary appointments or in acting capacity. Said temporary/acting capacity appointments is to...

GCG CHIEF HIGHLIGHTS ANNIVERSARY MILESTONES

24 June 2022
09:10:08 AM

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...

CY 2020 CORPORATE SCORECARD ASSESSMENT

29 March 2022
04:19:24 PM

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

14 January 2022
02:06:10 PM

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

11 October 2021
03:47:00 PM

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

01 July 2021
03:47:37 PM

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

29 June 2021
11:27:45 AM

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...

CORPORATE GOVERNANCE CORECARD: REINFORCING HIGH STANDARDS OF GOVERNANCE ACROSS THE GOCC SECTOR

17 March 2021
02:40:12 PM

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...

GCG OBTAINS HIGH AUDIT RATING FROM COA

29 September 2020
08:55:24 AM

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 RECEIVES OUTSTANDING ACCOUNTING OFFICE AWARD FOR 2018

29 November 2019
04:59:00 PM

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...

PRRD LIMITS THE PERFORMANCE-BASED INCENTIVE RATES FOR GOCC BOARD OF DIRECTORS

20 June 2019
03:11:06 PM

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...

GCG RECEIVES 8888 HOTLINE CERTIFICATE OF COLLABORATION

12 October 2018
10:46:16 AM

(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 ISSUES CLARIFICATION ON GCG MEMORANDUM CIRCULAR NO. 2018-02

03 September 2018
05:56:31 PM

(Released on 03 September 2018) The Governance Commission clarifies that GCG Memorandum Circular (M.C.) No. 2018-02 was issued to revoke GCG M.C. No. 2013-03 (Re-Issued) after its evaluation that the revoked M.C. contained provisions and processes that unnecessarily impede the timely approval and implementation of government projects. The GCG regularly reviews its existing circulars and policies...

GCG DIRECTS DUTY FREE TO ADDRESS COA FINDINGS

06 July 2018
12:26:41 PM

(Released on 06 July 2018) The Governance Commission for GOCCs (GCG) has sought the explanation of Duty Free Philippines Corporation (DFPC) on the FY 2017 findings of the Commission on Audit (COA). The DFPC is likewise directed to address said COA findings under the Performance Evaluation System (PES) of the GCG, which requires GOCCs to present concrete and time-bound action plans for addre...

GCG STRENGTHENS ITS COMMITMENT TO PDP 2017-2022

25 April 2018
11:20:17 AM

(Released on 25 April 2018) The Governance Commission has reviewed the mandates of 12 GOCCs in relation to competitive neutrality issues, as part of its commitment to the Philippine Development Plan (PDP) 2017-2022. Among the 12 is the Philippine Amusement and Gaming Corporation (PAGCOR) which the GCG has recommended to President Rodrigo Roa Duterte for separation of commercial and regulatory fun...

GCG PROPOSES AMENDMENTS TO THE COMPENSATION OF GOCC BOARDS

12 January 2017
12:08:51 PM

(Released on 12 January 2017) Prior to the statement of Socioeconomic Planning Secretary Ernesto M. Pernia on the proposed cap on the salaries and bonuses of Government-Owned and –Controlled Corporation (GOCC) officials, regular employees and staff, the GCG has already been undertaking a study, in consultation with the Department of Finance (DOF) and the Department of Budget and Management...

GCG ADOPTS AN INTERIM FREEDOM OF INFORMATION MANUAL

29 November 2016
10:19:15 AM

(Released on 29 November 2016) The Governance Commission for GOCCs (GCG) has adopted an Interim Freedom of Information Manual to guide and assist the GCG and the public in dealing with requests of information. The Interim FOI Manual of GCG was signed and issued on 25 November 2016 following the issuance in 23 July 2016 of Executive Order No. 2 on Freedom of Information. Designed to accommodate r...

GCG BAGS MOST OUSTANDING ACCOUNTING OFFICE AWARD

25 October 2016
10:57:59 AM

(Released on 25 October 2016) Representatives of the nineteen (19) agencies conferred with the Most Outstanding Accounting Office Awards for 2015 posing with AGAP National President Gregorio C. Rulloda and DBM Secretary Benjamin E. Diokno.   The Governance Commission for GOCCs (GCG) was awarded Most Outstanding Accounting Office for 2015 by the Association of Government Accountants...

GOVERNANCE COMMISSION ISSUES CLARIFICATION ON GOCC HOLDOVERS

04 August 2016
10:39:19 AM

(Released on 31 July 2016) In reference to the news article of Mr. Prinz Magtulis entitled "GOCC holdovers step down today" published on 31 July 2016 in The Philippine Star. The Governance Commission appreciates the vigilance of the media especially on the selection and nomination process for GOCC Appointive Directors. Nevertheless, we would like to clarify some points raised in the new...

GOCCs AWARDED FOR EXCELLENCE ON CORPORATE GOVERNANCE SCORECARD

01 July 2016
01:51:08 PM

5 GOCCs received an Award for Excellence on the Corporate Governance Scorecard (CGS) for the GOCC Sector this June. The Governance Commission, in partnership with the Institute of Corporate Directors (ICD) established the CGS to raise the Corporate Governance standards and practices of GOCCs to be at par with the ASEAN state-owned enterprises. Established on 08 October 2015, the Corporate Governa...

54 GOCCS REMIT P 40.2-B TO NATIONAL TREASURY

23 May 2016
04:08:19 PM

Government-Owned or-Controlled Corporations (GOCCs) once again posted remittances during the last GOCC Day or ceremonial turnover of dividends under the administration of President Benigno S. Aquino III. 50[1] GOCCs, led by their respective Chairpersons and Chief Executive Officers, handed over checks to President Aquino in a simple ceremony at the Rizal Hall in Malacañan Palace today. The...

QUESTIONS & ANSWERS on the WHISTLEBLOWING WEB PORTAL OF THE GOVERNANCE COMMISSION

28 April 2016
01:23:05 PM

      Q: Why is there a Revised Whistleblowing Policy for the GOCC Sector? A: The Whistleblowing Policy, launched in 2014, is revised in order to strengthen the policy especially on the confidentiality of Whistleblowing Reports, and the anonymity of the whistleblower (unless he/she waives this privilege). In the revised Policy a new reporting channel is added –the Whistleblow...

WHISTLEBLOWING WEB PORTAL FOR GOCCs LAUNCHED

28 April 2016
01:11:09 PM

The Governance Commission for GOCCs launched the GCG Whistleblowing Web Portal (www.whistleblowing.gcg.gov.ph) in an effort to provide a more accessible, reliable, and efficient channel for submitting red flags in the GOCC Sector. Senate President Franklin M. Drilon served as keynote speaker during the launch, and expressed his support towards good governance initiatives in the public sector. The...

QUESTIONS & ANSWERS on the COMPENSATION and POSITION CLASSIFICATION SYSTEM (CPCS)

28 March 2016
01:02:58 PM

Q: What is the CPCS? Why do GOCCs have it? A: The CPCS is one of the major human capital management reforms in the GOCC Sector towards bringing the Filipino people world class public service. Prior to the Aquino Administration, compensation of certain GOCCs exempted from the Salary Standardization Law (SSL) was set by the Board of Directors of each GOCC with no uniform framework for the Sect...

COMPENSATION SYSTEM FOR GOCCs APPROVED

28 March 2016
12:44:23 PM

President Benigno S. Aquino III has approved the Compensation and Position Classification System (CPCS) for GOCCs through Executive Order No. 203, standardizing compensation and benefits in all GOCCs under the jurisdiction of the Governance Commission for GOCCs (GCG). The issuance of E.O. 203 was mandated under Rep. Act No. 10149 (The GOCC Governance Act of 2011), which directed the GCG to undert...

QUESTIONS & ANSWERS on the TURNOVER OF UNITED COCONUT PLANTERS BANK (UCPB) TO THE GOVERNANCE COMMISSION FOR GOCCS (GCG)

21 March 2016
09:43:46 AM

Q: How did UCPB become a GOCC? A:  In Philippine Coconut Producers Federation, Inc. (COCOFED), et al. v. Republic of the Philippines,[1] the Supreme Court (SC) declared that the so-called Farmers’ shares, which comprise the original 64.98% UCPB shares, and the converted 753,848,312 SMC Series 1 Preferred Shares, are conclusively owned by the Republic, and affirmed with modification its...

GCG SAFEGUARDS STATE’S INTERESTS IN UCPB

21 March 2016
09:38:41 AM

Pending the effectivity of the Supreme Court’s Temporary Restraining Order (TRO) against the privatization of the United Coconut Planters Bank (UCPB), the Governance Commission will begin regulating UCPB as a GOCC pursuant to the “GOCC Governance Act of 2011” (R.A. No. 10149). UCPB was originally under the supervision of the Presidential Commission on Good Government (PCGG) purs...

QUESTIONS & ANSWERS on the APPROVED MERGER OF LAND BANK OF THE PHILIPPINES (LANDBANK) AND DEVELOPMENT BANK OF THE PHILIPPINES (DBP)

22 February 2016
02:13:30 PM

Q: What is the Governance Commission’s reason for proposing the merger of Landbank and DBP? A: The consolidation of DBP and LBP is necessary as the functions or purposes of both banks duplicate and/or unnecessarily overlap with one another, which is one of the standards for implementing a merger under R.A. No. 10149.       Also, the consolidated entity will be more...

PRESIDENT AQUINO APPROVES MERGER OF LANDBANK AND DBP

22 February 2016
02:02:20 PM

(released 12 February, 2016) President Benigno S. Aquino III signed on February 4, Executive Order 198 approving the merger of Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP). The merger aims to strengthen the two state-owned banks in fulfilling their mandate of providing banking services to drive countryside development and contributing to the country&rsquo...

QUESTIONS & ANSWERS on the PRIVATIZATION OF THE INTERCONTINENTAL BROADCASTING CORPORATION (IBC-13)

25 January 2016
11:41:50 AM

Q: Why should the State own a television broadcasting company? A: A state-owned broadcaster ensures supply of free-to-air broadcasting for the public regardless of ability or willingness to pay. It also ensures that the public is provided with welfare-enhancing programs balanced against programs driven purely by advertising and business motives.       In 2013, the state-...

PRESIDENT AQUINO APPROVES PRIVATIZATION OF IBC-13

25 January 2016
11:41:38 AM

President Benigno S. Aquino III has approved the privatization of Intercontinental Broadcasting Corporation (IBC-13) based on the recommendation of the Governance Commission for GOCCs (GCG). IBC-13 started out in 1960 as a private company known as Inter-Island Broadcasting Corp., and then was sequestered by the Presidential Commission on Good Government (PCGG) in 1986 as part of the recovery of...

BETTER GOVERNANCE IN GOCC SECTOR SEEN

25 January 2016
11:31:00 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. 101...

49 GOCCS REMIT P 36.85-B TO NATIONAL TREASURY

27 May 2015
04:36:21 PM

(released 13 May, 2015) Government-Owned or-Controlled Corporations (GOCCs) continue to post robust remittances to the national treasury according to the Governance Commission for GOCCs (GCG). The GOCC sector handed over checks totaling P36.85 billion to President Benigno S. Aquino III in a simple ceremony entitled “2015 GOCC Day” at the Rizal Hall in Malacañang Palace today....

GOCC 2014 OPERATING SUBSIDIES AND PROGRAM FUNDS

27 January 2015
09:52:01 AM

See the complete details of the 2014 GOCC Operating Subsidies and Program Funds here.  

QUESTIONS & ANSWERS on the ABOLITION OF PHILIPPINE NATIONAL OIL CORP. (PNOC) AND PHILIPPINE NATIONAL CONSTRUCTION CORP. (PNCC) SUBSIDIARIES

22 October 2014
10:44:00 AM

Q: What are the reasons for abolishing a GOCC? A: Under Section 5(a) of R.A. No. 10149, the GCG shall be guided by any of the following standards for the abolition to evaluate the performance and to determine the relevance of a GOCC: The functions or purposes for which the GOCC was created are no longer relevant to the State or no longer consistent with the national development policy of the S...

PRESIDENT AQUINO APPROVES CLOSURE OF 7 NONPERFORMING GOCCs

22 October 2014
10:39:15 AM

More nonperforming and dormant GOCCs have been abolished as President Benigno S. Aquino III approved last August the closure of seven GOCCs following the recommendation of the Governance Commission for GOCCs (GCG), which is the primary regulatory agency for the country’s GOCCs. Under Republic Act 10149, the law which created it, the GCG is mandated to evaluate the performance of GOCCs and de...

GCG IS ISO CERTIFIED

29 August 2014
11:44:39 AM

The Governance Commission for Government-Owned and Controlled Corporations (GCG) achieved its quality management system certification based on ISO 9001:2008 Standards last July 4, 2014 from TUV Rheinland Philippines, Inc. GCG began working in January 2014 towards the ISO 9001:2008 certification of all of its processes, namely: (1) corporate policies and standards development, (2) corporate govern...

GCG RECEIVES SILVER TRAILBLAZER AWARD FOR PERFORMANCE GOVERNANCE

05 August 2014
11:42:01 AM

The Institute for Solidarity in Asia (ISA), a non-government organization advocating good governance as a shared responsibility, conferred the Governance Commission for GOCCs (GCG) last June 6, 2014 with the Silver Trailblazer Award for accomplishing the Compliance Stage in ISA’s program for institutionalizing its Performance Governance System (PGS). The PGS program consists of four stages:...

GCG SET TO START SECOND YEAR OF MONITORING PERFORMANCE OF GOCCs

25 July 2014
12:14:21 PM

The Governance Commission for GOCCs (GCG) is set to start the second annual Performance Agreement Negotiations (PAN) with GOCC Boards beginning August 2014. This requires GOCCs to make strategy maps and performance commitments for CY 2015 on how they will achieve breakthrough results and contribute to the President’s development agenda through their respective mandates. The PAN embodies one...

GOCCs TRAIN FOR CORPORATE REPORTING SYSTEM PORTAL

25 June 2014
11:54:33 AM

The Governance Commission for GOCCs (GCG) has moved closer to its landmark goal of institutionalizing transparency and accountability in the GOCC sector. The GCG which was created last June 2011 to oversee and regulate the public corporate sector is preparing to launch its Integrated Corporate Reporting System (ICRS), a sector-wide uplink of crucial data and information on all GOCCs. When launche...

GOCCs REMIT P 32.31-B TO NATIONAL TREASURY

09 June 2014
05:22:11 PM

The number of Government-Owned-or Controlled Corporations (GOCCs) that remit earnings, or dividends, to the national coffers continue to increase according to the Governance Commission for GOCCs (GCG). In simple rites held this morning, chairpersons and chief executive officers of various GOCCs personally handed remittance checks to President Benigno S. Aquino III in a ceremony marking GOCC Day a...

GCG MARKS THIRD YEAR AS OVERSEER OF GOCC SECTOR

09 June 2014
04:27:50 PM

The Governance Commission for GOCCs (GCG) marked its third anniversary celebrations today as the central advisory body that monitors and oversees Government-Owned or Controlled-Corporations (GOCCs). Foremost among these were issues of unregulated bonuses and salaries granted by GOCC boards to their executives and directors as well as charges of graft and corruption in other GOCCs....

GCG LAUNCHES GOCC WHISTLEBLOWING POLICY SYSTEM

09 June 2014
04:19:06 PM

The rising crusade against corrupt government officials and employees got another boost today with the launching of a whistleblowing system against corrupt officials and workers within Government –Owned-or-Controlled Corporations (GOCCs). In a short ceremony, the Governance Commission for GOCCs (GCG) officially launched a new memorandum circular that allows the forwardin...

NON-PERFORMING AND UNNECESSARY GOCCs ABOLISHED

03 March 2014
01:20:00 PM

In the last quarter of 2013, President Benigno S. Aquino III already approved the abolition of five (5) of the 19 GOCCs proposed for abolition in House Bill 3807 by Representatives Rufus Rodriguez and Maximo Rodriguez, namely: National Agribusiness Corp. (NABCOR), Zamboanga del Norte Rubber Estate Corp. (ZREC), Human Settlements Dev’t. Corp. (HSDC), Philippine Forest Corp. (PFC), and Cottage...

PRESIDENT AQUINO APPROVES ABOLITION OF PDAF-LINKED GOCCS

30 January 2014
11:12:38 AM

President Benigno S. Aquino approved last month the abolition of three non-performing GOCCs following the recommendation of the Governance Commission for GOCCs (GCG), which is mandated to regulate the country’s GOCCs. The three GOCCs are Philippine Forest Corporation (PFC), ZNAC Rubber Estate (ZREC), and the National Agri-Business Corporation (NABCOR). The recommendation for their abolition...

GCG RESPONSE TO THE COA REPORT ON GOCC ALLOWANCES

19 January 2014
11:00:00 AM

We are holding this press conference pursuant to the commitment undertaken by GCG to report on the final responses of the GOCCs and the Commission’s own evaluation on the news item that covered the COA report that various GOCCs granted unauthorized allowances, bonuses and benefits amounting to P2.313 billion. The process undertaken by GCG leading to this afternoon’s proceedings were t...

GOVERNANCE COMMISSION DIRECTS GOCCs TO ADDRESS COA

15 January 2014
04:50:00 PM

The Philippine Daily Inquirer today published an article entitled “Return bonuses, gov’t execs told. COA issues order to 31 GOCCs.” The news item was based on a 4-month old COA report wherein it was observed that various GOCCs granted unauthorized allowances, bonuses, and benefits amounting to P2.313 billion. GCG had actually reviewed the COA reports and discussed the findings w...

DAP implements program to develop Governance Committee

02 August 2012
05:55:00 PM

A stronger GCG foundation: (seated L-R) DAP-GSPDM Dean Gloria Jumamil-Mercado, GCC Raoul C. Creencia, GCG Chairman Cesar L. Villanueva and DAP President Antonio D. Kalaw, Jr. pose with the GCG executives who successfully completed the Executive Development Program. Pasig City---To further strengthen its foundation, the newly created Governance Commission on Government-owned-and-controlled Corpora...