The Corporate Governance Scorecard (CGS) is a corporate governance rating system designed to raise the standards of corporate governance practices of the GOCCs to be at par with the ASEAN state-owned enterprises. It is a list of questions used to rate a GOCC's governance policies and practices on the basis of the three (3) OECD Principles of Corporate Governance for State-Owned Enterprises.
RESPONSIBILITIES OF THE BOARD
2. Board of Directors and Management Profile
3. Orientation program for new Directors:
- New appointive Director/s undergo orientation program facilitated by the Management Committee and CORPLAN-MIS Department
4. Policy on continuous Professional Education Program and Trainings:
5. Approved Schedules of Board Meetings (Board Attendance):
- Regular Board meetings are held every third Wednesday of the month. Changes and adjustments in the schedule are made relative to the availability of the GM/CEO, Chairman of the Board and Board of Directors.
8. Board committees' accomplishment report:
- Based on the Philippine Reclamation Authority Charter of the Audit Committee dated 22 March, 2013, The Audit Committee shall have direct responsibility to select, evaluate and where appropriate, replace the Head of the Internal Audit Division subject to the final approval of the General Manager and CEO.
9. Access to information (board materials):
- Board materials are provided to the board at least three (3) working days prior to the scheduled board meeting pursuant to the PRA by-laws.
10. Internal Control
11. Risk Management System
12. Board appraisal system:
- PRA is compliant with the GCG Memorandum Circular 2014-03 Performance Evaluation for Directors (PED)
14. Performance Evaluation Scorecard (PES):
2016: PES Form 1 - Uploaded June 9, 2016
PES Form 2 - Uploaded June 9, 2016
PES Form 3 1st Quarter - Uploaded June 9, 2016
2015: PES Form 1
2014: PES Form 1
2013: PES Form 1
DISCLOSURE AND TRANSPARENCY (at least 2013 - present disclosures)
- Audited Financial Statements are released much later than the Annual Report and thus, only the Unaudited Financial Statements are included in the Annual report.
3. Annual Reports:
- 2011 - 2012 - Published on March 2013
- 2013 - Accomplishment / Annual report
- 2014 - Accomplishment / Annual report dated March 5, 2015
- 2010 - 2015 - Corporate Report (Uploaded and published September 05, 2016)
4. Non-financial performance indicator:
6. Training and/or continuing education programme attended by each director:
7. Statement of full compliance with the code of Corporate Governance
8. Review of the GOCC's material controls (including operational, financial and compliance controls) and risk management systems
9. Statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems
CORPORATE SOCIAL RESPONSIBILITY
2. Customers' Welfare
3. Interaction with the communities
- Participation/attendance to Public Fora/Public Scoping
December 13, 2012: Manila Goldcoast Development Corporation (MGDC) Proposed 148-hectares Reclamation Project
MGDC as the Environmental Impact Assessment (EIA) preparer conducted public scoping to define range of actions, alternatives and impacts of project. The EIA addresses issues and results in a form consistent with the regulatory review requirements. It also allows stakeholders to voice out their concerns and ensure that the EIA addresses all the issues and potential impacts to conerned parties.
December 12, 2013: DENR - EMB
Public consultation as part of requirements of the Environmental Impact Statement (EIS) System for Environmentally Critical Projects to apply for and Environmental Compliance Certificates (ECC) from DENR. It is also connected with the review of the EIA report of the MGDC proposed 148 hec. by the DENR-EMB.
October 30, 2013: DENR-EMB
Public hearing conducted as part of the EIS. Stakeholders and parties concerned are granted opportunity to raise their concerns/support/opposition/questions about the project.
February 9, 2016: Royal Haskoning DHV, Wetlands International, Deltares, Arcadis and Zoological Society of London
February 15, 2016: National Academy of Science and Technology, Philippines
Department of Science and Technology
Policy discussion on the hazards, risk, and profits of Reclamation