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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
    1. Government Corporate Information Sheet
      2022: ECC / OSHC
      2021: ECC / OSHC
      2020: ECC / OSHC

II. Board and Officers

Board of Directors
Chairperson:

HON. BIENVENIDO E. LAGUESMA
Secretary
Department of Labor and Employment
Ex-officio Chairperson, ECC

ALTERNATE: HON. BENJO SANTOS M. BENAVIDEZ
Undersecretary
Department of Labor and Employment
Chairman-Designate
 
Members:
 
HON. ROLANDO L. MACASAET
President and Chief Executive Officer
Social Security System
 
 
ALTERNATE: HON. RIZALDY T. CAPULONG
Executive Vice President – Corporate Services Center
Social Security System
 
 
HON. JOSE ARNULFO A. VELOSO
President and General Manager
Government Service Insurance System
 
 
DESIGNATE: HON. DIONISIO C. EBDANE, JR.
Executive Vice President – Support Services Sector
Government Service Insurance System
 
 
HON. TEODORO J. HERMOSA
Secretary
Department of Health
 
 
DESIGNATE: HON. EMMANUEL R. LEDESMA, JR.
Acting President and Chief Executive Officer
Philippine Health Insurance Corporation
 
 
ALTERNATE: HON. DENNIS S. MAS
SVP for Management Service Sector
Philippine Health Insurance Corporation
 
 
HON. CARLITO P. ROBLE
Executive Vice President
Samahan ng mga Manggagawa sa Kalusugan (SAMAKA)
Employees’ Sector
 
 
HON. RENE Y. SORIANO
Member, Council of Leaders
Employers Confederation of the Philippines (ECOP)
Employer’s Sector
 
 
HON. ATTY. KAIMA VIA B. VELASQUEZ
Executive Director
Employees’ Compensation Commission
 
 
HON. ATTY. EVELYN R. RAMOS
Deputy Executive Director
Employees’ Compensation Commission
 
 
HON. ENGR. JOSE MARIA S. BATINO, CESO IV
Executive Director
Occupational Safety and Health Center
 
 
HON. GERMAN D. ESER, JR.
OIC – Deputy Executive Director
Occupational Safety and Health Center
 
 
  1. Compensation Package
  2. Attendance Record
    2014 / 2015 / 2016 / 2017 / 2018 / 2019 / 2020 / 2021 / 2022 /
  3. 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
    Board Resolution No. 19-04-12
    Board Resolution No. 19-06-18
  4. Board Secretary

III. Financial and Operational Matters

a. Latest annual Audited Financial and Performance Report within thirty (30) days from receipt of such report
Annual Audit Report

Year Date Published Date Received (from COA)
2015 April 21, 2016 March 31, 2016
2016 April 19, 2017 March 29, 2017
2017  July 23, 2018 June 27, 2018
2018 April 2, 2019 March 28, 2019
2019 July 20, 2020 June 30, 2020
2020 April 14, 2021 March 26, 2021
2021 April 29, 2022 March 31, 2022
2022 April 14, 2023 March 31, 2023
2023
  April 18, 2024  April 5, 2024

b. Trial Balance
2023: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
2022: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
2021: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
2020: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr

c. Corporate Operating Budget
2020 / 2021 / 2022 / 2023 / 2024

d. Local and Foreign Borrowings
2021 / 2022 / 2023

e. Government Subsidies and Net Lending
2021 / 2022 / 2023

f. All borrowings guaranteed by the Government
2022 / 2023

g. Any material risk factors and measures taken to manage such risks

h. Performance Evaluation System (PES)
2015 / 2016 / 2017 / 2018 / 2019 / 2020 / 2021 / 2022 / 2023 / 2024

IV. Governance Matters

  1. Charter Statement / Mission-Vision Statements
  2. Performance Scorecards
    1. 2013 / 2014 /  2015 / 2016 / 2017 / 2018 / 2019 / 2020 / 2021 / 2022 / 2023 / 2024
    2. Interim PES Form 4 Quarterly Monitoring Report
      2023 : 1st Quarter || 2nd Quarter || 3rd Quarter || 4th Quarter
      2022 : 1st Quarter || 2nd Quarter || 3rd Quarter || 4th Quarter
      2021 : 1st Quarter || 2nd Quarter || 3rd Quarter || 4th Quarter
      2020 : 1st Quarter || 2nd Quarter || 3rd Quarter || 4th Quarter
    3. Validation Results
      2019 / 2020 / 2021 / 2022
  3. Strategy Map
    1. 2015 / 2016 / 2017 / 2018 – 2019 / 2020 / 2021 / 2022 / 2023 / 2024
  4. Organizational Chart
  5. Manual of Corporate Governance
  6. Corporate Social Responsibility
  7. Balance Scorecard
    1. 2015 / 2016 / 2017 / 2018 / 2019 / 2020 / 2021 / 2022 / 2023 / 2024
  8. System of Ranking
    1. 2016 / 2017 / 2018 / 2019 – 2023
  9. 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. Revised No Gift Policy (.pdf)
  5. Integrity Development (Statement of Assets Liabilities and Networth)
  6. COA Audit Observations and Recommendations
  7. Financial Reports/Statements
    1. Cash Flow Statement
      2023: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
      2022: 1st Qtr / 2nd Qtr / 3rd Qtr / 4th Qtr
  8. Schedule of Advances to Officers and Employees
    2023: 1st QTR / 2nd QTR / 3rd QTR / 4th QTR
    2022: 1st QTR / 2nd QTR / 3rd QTR / 4th QTR
  9. Annual Reports
    Year Covered Date Posted (Website) Date Released
    (Annual Report)    		 Date Released (AFS)
    2014 2015 Aug. 10, 2015 Jun. 30, 2015
    2015 July 14, 2016 June 29, 2016 March 31, 2016
    2016  June 30, 2018  May 30, 2017  June 6, 2017
    2017 September 20, 2018 September 20, 2018 June 27, 2018
    2018 June 27, 2019 June 27, 2019 March 28, 2019
    2019 August 17, 2020 August 17, 2020 July 20, 2020
    2020 June 23, 2021 June 23, 2021 March 26, 2021
    2021 April 29, 2022 April 29, 2022 March 31, 2022
    2022 June 8, 2023 June 8, 2023 March 31, 2023
    2023 April 1, 2024   April 5, 2024 
  10. Copy of Compensation Plan (if SSL-exempt)
    – Not Applicable
  11. Copy of Organizational Structure and Staffing Pattern
  12. For non-chartered GOCCs: copy of the latest Articles of Incorporation (AOI)
    – Not Applicable
  13. For non-chartered GOCCs: copy of the latest By-laws
    – Not Applicable