Governance Commission - Government

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The GOVERNANCE COMMISSION FOR GOCCS (GCG) was created under Republic Act No. 10149 (RA No. 10149), otherwise known as the “GOCC Governance Act of 2011”, as the central policy-making and regulatory body mandated to safeguard the State’s ownership rights and ensure that the operations of GOCCs are transparent and responsive to the needs of the public. Towards this end, it empowered the Governance Commission to:

oversee the selection and nomination of directors/trustees and maintain the quality of Board Governance;

institutionalize transparency, accountability, financial viability and responsiveness in corporate performance by monitoring and evaluating GOCCs’ performance;

rationalize the Sector through streamlining, reorganization, merger, as well as recommending to the President of the Philippines the privatization or abolition of a GOCC; and

establish compensation standards to ensure reasonable and competitive remuneration schemes that attract and retain the right talent.

The GCG has three (3) appointive members of the Commission, and two (2) ex-officio members: the DOF Secretary and the DBM Secretary.

Since its first meeting on 20 October 2011, the Governance Commission has introduced major policy reforms such as the Fit and Proper Rule for Appointive Directors and CEOs of GOCCs, the Ownership and Operations Manual Governing the GOCC Sector, and the Code of Corporate Governance for GOCCs.

National Capital Region
Non-Profit / Government
From 51 to 200 workers

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