Financial Status: State Insurance Fund December 2012
Corporate Profile
BRIEF HISTORY
The ECC is a government corporation. It is attached to the Department of Labor and Employment for policy coordination and guidance.
It is a quasi-judicial corporate entity created to implement the Employees’ Compensation Program (ECP). The ECP provides a package of benefits for public and private sector employees and their dependents in the event of work-connected contingencies such as sickness, injury, disability or death.
Corporate Governance
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:
Major Final Outputs
THE ECC PROGRAMS, PROJECTS AND ACTIVITIES MFO 1: Improved and Expanded Benefits, Services and Coverage Development and Review of Policies on the Employees’ Compensation Program (ECP). This entails development and review of policies and procedures for the improvement of the ECP such as increase of benefits and/or expands the coverage of the ECP. Rehabilitation of the continue reading : Major Final Outputs