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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

1. Board Composition 

2. Board of Directors and Management Profile 

- 2015 BOD and Management

2016 BOD and Management

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:

Section 4.7. Fit and Proper Role (Page 7) and Section 14. 4 Duty of Diligence (Page 17) of the PRA Manual Corporate Governance 

Board of Directors 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.

6. Role of the Board in Corporate Strategy

7. Code of Ethics and No Gift Policy

8. Board committees' accomplishment report: 

Audit Committee

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.

Risk Management Committee

Nomination and Remuneration Committee

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)

13. Corporate Secretary profile 

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

                    PES Form 2

                    PES Form 3

          2014: PES Form 1

                    PES Form 2

                    PES Form 3

          2013: PES Form 1

                    PES Form 2

                    PES Form 3

DISCLOSURE AND TRANSPARENCY (at least 2013 - present disclosures)

1. Audited Annual Financial Reports

Audited Financial Statements are released much later than the Annual Report and thus, only the Unaudited Financial Statements are included in the Annual report.

2. Statement of Directors for the Financial Year Ended 31 December 2015

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)

OTHER DISCLOSURES

1. Corporate Objectives

2. Stakeholder Engagement and Management Plan for PRA

3. Financial performance indicators

4. Non-financial performance indicator:

Coastal Protection

Land Development Projects

Accomplished Reclamation Projects

Building Projects and Construction Management

5. Details of whistle blowing policy

6. Training and/or continuing education programme attended by each director:

Chairman and Board of Directors Curriculum Vitae

7. Statement of full compliance with the code of Corporate Governance

2014 Omnibus Certification

2015 Omnibus Certification

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

1. Corporate Social Responsibility Statement

Gender and Development Programs

Projects for Senior Citizens and Differently-Abled Persons

Coastal Protection

2. Customers' Welfare

Relocation and Community Development

Coastal Protection

IRR of E.O. No. 146

3. Interaction with the communities

Gender and Development Programs

Projects for Senior Citizens and Differently-Abled Persons

Relocation and Community Development

Stakeholder Consultations - Coastal Protection

Transfer of Knowledge - Regional Session: Integrating Ecosystem-based Principles in Local Coastal Disaster Risk Reduction Plans

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

National Workshop on Reducing Impacts of Natural Hazards using Ecosystems for Coastal Protection

(Building with Nature)

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

4. Environmentally-friendly valuechain -  PRA Manual of Corporate Governance page 20 item 16.1

5. Contact details for complaints of other stakeholders

6. Employees' welfare and development