Disclosure and Transparency Requirements (GCG MC No. 2012-07)

DISCLOSURE AND TRANSPARENCY REQUIREMENTS

In compliance with Item VIII (Disclosure and Transparency Requirements), Section 43 (Mandatory Website) of GCG Memorandum Circular No. 2012-07 (Code of Corporate Governance for GOCCs), the CIC maintains a website and posts the following for unrestricted public access:

43.1. On institutional matters:

(a) For chartered GOCCS, the latest version of its charter (R. A. No. 9510 and its Implementing Rules and Regulations);

(b) For non-chartered GOCCS, latest General Information Sheet (GIS) and brief company background including date of incorporation, history, functions and mandate; Not applicable

(c) List of subsidiaries and affiliates; Not applicable

(d) Government Corporate Information Sheet (GCIS) as mandated by the GCG in its Memorandum Circular No. 2012-01. 

 

43.2. On the board and officers:

(a) Complete listing of the Directors and Officers with attached resume, and their membership in Board Committees;

  • 2023 (from the 2023 Annual Report, pages 68-79, 90-91)
  • 2022 (from the 2022 Annual Report, pages 58-67, 79-81)
  • 2021 (from the 2021 Annual Report, pages 52 - 59)
  • 2020 (from the 2020 Annual Report, pages 49 - 55)
  • 2019 (from the 2019 Annual Report)

(b) Complete compensation package of all the board members and officers, including travel, representation, transportation and any other form of expenses or allowances; 

(c) Information on Board Committees and their activities; and

  • 2023 (from the 2022 Annual Report, pages 81-89)
  • 2022 (from the 2022 Annual Report, pages 72-78)
  • 2021 (from the 2021 Annual Report, pages 52 - 59)
  • 2020 (from the 2020 Annual Report, pages 49 - 55)
  • 2019 (from the 2019 Annual Report)

(d) Attendance record of Directors in Board and Committee meetings.

  • 2023 (from the 2022 Annual Report, pages 81-89)
  • 2022 (from the 2022 Annual Report, pages 72-78)
  • 2021 (from the 2021 Annual Report, pages 52 - 59)
  • 2020 (from the 2020 Annual Report, pages 49 - 55)
  • 2019 (from the 2019 Annual Report)

 

43.3. On financial and operational matters

(a) Their latest annual Audited Financial and Performance Report within thirty (30) days from receipt of such Report (available under the CIC Transparency Seal);

(b) Audited Financial Statements in the immediate past three (3) years (available under the CIC Transparency Seal);

(c) Quarterly, and Annual Reports and Trial Balance (available under the CIC Transparency Seal);

(d) Current Corporate Operating Budget (COB) (available under the CIC Transparency Seal);

(e) Local and foreign borrowings; Not applicable

(f) Government subsidies and net lending (included in the Financial Statements and available under the CIC Transparency Seal);

(g) All borrowings guaranteed by the Government (included in the Financial Statements and available under the CIC Transparency Seal);

(h) Any material risk factors and measures taken to manage such risks (included in the Financial Statements and available under the CIC Transparency Seal); and

(k) Performance Evaluation System (PES) (available under the CIC Transparency Seal).

 

43.4 On governance matters

(a) Charter Statement and Mission-Vision Statements (also available in Annual Reports);

(b) Performance Scorecards and Strategy Map (also available in Annual Reports);

(c) Organizational Chart;

(d) Manual of Corporate Governance;

(e) CSR Statement; and

(f) Balance Scorecard (available under the CIC Transparency Seal).