GCG Memorandum Circular 2012-07

The Section 43 of the Memorandum Circular 2012-07 (Code of Corporate Governance for GOCCs), issued by the Governance Commission for GOCCs, reiterates compliance with Section 25 of the Republic Act 10149 (AN ACT TO PROMOTE FINANCIAL VIABILITY AND FISCAL DISCIPLINE IN GOVERNMENT-OWNED OR -CONTROLLED CORPORATIONS AND TO STRENGTHEN THE ROLE OF THE STATE IN ITS GOVERNANCE AND MANAGEMENT TO MAKE THEM MORE RESPONSIVE TO THE NEEDS OF PUBLIC INTEREST AND FOR OTHER PURPOSES) to wit:

SEC. 25. Full Disclosure.—All GOCCs shall maintain a website and post therein for unrestricted public access:

  1. Their latest annual audited financial and performance report within thirty (30) days from receipt of such report;
  2. Audited financial statements in the immediate past five (5) years;
  3. Quarterly, annual reports and trial balance;
  4. Current corporate operating budget;
  5. Complete compensation package of all the board members and officers, including travel, representation, transportation and any other form of expenses or allowances;
  6. Local and foreign borrowings;
  7. Performance scorecards and strategy maps;
  8. Government subsidies and net lending;
  9. All borrowings guaranteed by the government; and
  10. Such other information or report the GCG may require.

ECC Compliance with Sec. 43 of GCG Memorandum Circular No. 2012-07 (Code of Corporate Governance for GOCCs)

I. Institutional Matters

  1. ECC Charter
  2. Government Corporate Information Sheet
    2015 / 2014 / 2013

II. Board and Officers

  1. Board of Directors
    1. HON. CIRIACO A. LAGUNZAD III
    2. DR. BRENDA PASILIAO-VIOLA, MD
    3. DR. PAULYN JEAN UBIAL
    4. VACANT
    5. HON. CARLITO P. ROBLE
    6. HON. DIONISIO C. EBDANE, JR.
    7. HON. STELLA ZIPAGAN-BANAWIS
  2. Compensation Package
  3. Attendance Record
    2014 / 2015 (c/o GCG System)
  4. Information on Board Committees and their Activities
    Board Resolution No. 16-01-02
    Board Resolution No. 16-02-10
    Board Resolution No. 16-05-20

III. Financial and Operational Matters

  1. Latest annual Audited Financial and Performance Report within thirty (30) days from receipt of such report
  2. Annual Audit Report
    Year Date Published Date Received (from COA)
    2016 April 19, 2016 March 29, 2017
    2015 April 21, 2016 March 31, 2016
    2014 July 17, 2015 June 30, 2015
    2013 April 7, 2015
    (Website Migration)
    June 25, 2014
    2012 July 12, 2013
    2011 March 29, 2012 (released)
    2010 June 2, 2011
    2009 April 15, 2010 (released)
    2008 April 20, 2009 (released)
  1. Trial Balance
    2017: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
    2016: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
    2015: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
    CY 2014 / CY 2013
  2. Corporate Operating Budget
    2011 / 2012 / 2013 / 2014 / 2015 / 2016 / 2017
  3. Local and Foreign Borrowings
  4. Government subsidies and net lending (N/A)
  5. All borrowings guaranteed by the Government (N/A)
  6. Any material risk factors and measures taken to manage such risks
  7. Performance Evaluation System (PES)

IV. Governance Matters

  1. Charter Statement / Mission-Vision Statements
  2. Performance Scorecards and Strategy Map
  3. Organizational Chart
  4. Manual of Corporate Governance
  5. Corporate Social Responsibility
  6. Balance Scorecard
  7. System of Ranking
  8. Communication and Information

V. Other Information / Report(s)

  1. Corporate Governance Scorecard for GOCCs Questionnaire
  2. Government Quality Management System Standards (GQMSS)
  3. ECC No Gift Policy
  4. Integrity Development Action Plan
  5. COA Reports
  6. Financial Reports/Statements
    1. Cash Flow Statement
      2017: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2016: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2015: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2014: 1st Qtr 2nd Qtr / 3rd Qtr / 4th Qtr
      2013: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
    2. Statement of Financial Position
      2017: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2016: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2015: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2014: 1st Qtr / 2nd Qtr 3rd Qtr / 4th Qtr
      2013: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
    3. Statement of Income and Expenses
      2017: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2016: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2015: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2014: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2013: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
  7. Schedule of Advances to Officers and Employees
    2016: 1st QTR / 2nd QTR / 3rd QTR / 4th QTR
    2015: 1st QTR / 2nd QTR / 3rd QTR / 4th QTR
    2014: 1st QTR / 2nd QTR / 3rd QTR / 4th QTR
    2013
  8. Annual Reports
    Year Date Posted (Website) Date Released
    (Annual Report)
    Date Released (AFS) Affirmation of true and fair representation
    2015 July 14, 2016 June 29, 2016 March 31, 2016
    2014 Jan. 13, 2015 Aug. 10, 2015 Jun. 30, 2015 2014 Financial Reports
    2013 Jan. 13, 2015 Jun. 25, 2014
    2012 Jan. 13, 2015 July 12, 2013