POSTED LAST 04 Aug 2016 - 10:39 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 news article.

First, holdover officials of GOCCs will remain in holdover capacity pursuant to Section 17 of Republic Act No. 10149 or the GOCC Governance Act of 2011, and, thus, are not covered by Memorandum Circular No. 1 issued on 30 June 2016. GOCC Appointive Directors remain in holdover capacity until replaced by a new appointee or re-appointed by the President of the Philippines.

Second, the Governance Commission did not issue any official statement regarding the selection and nomination process for GOCC Appointive Directors.

The GCG Chairman and Commissioners have recently been appointed and immediately assumed office on 27 July 2016. On 28 July 2016, the Governance Commission immediately began interviewing nominees for GOCC Boards.

Due to the urgency of filling up Appointive seats in GOCC Governing Boards, the new GCG Commission En Banc held its first en banc meeting on 30 July 2016. The new GCG Commission En Banc is composed of Chairman Jaime Ma. F. Flores II, Commissioners Michael P. Cloribel and Samuel G. Dagpin, Jr., and ex officio Commissioners, Finance Secretary Carlos G. Dominguez III and Budget Secretary Benjamin E. Diokno. The Commission En Banc resolved to prioritize the evaluation of nominees to GOCC Boards.


For Media Contact:

Veronica Paula D. Castro

(02) 328 – 2030 to 34 | www.gcg.gov.ph