Corporate Governance Card
2024
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Notes
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1
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I. Stakeholder's Relationship
1.a Does the GOCC disclose a policy that: Stipulates the existence and scope of its effort to address customer's welfare?
Standard
YES.
Chapter VIII, Section 8.1 of the NDC Manual of Corporate Governance:
This Manual incorporates and formally recognizes NDC’s stakeholders with their respective interests as follows:
8.1.1 The government and the general public - holds government funds in a fiduciary capacity. It is government’s interest that NDC must utilize company resources towards fulfilling its mandate to support the government’s thrust of inclusive growth and economic development.
8.1.2 Business Partners/Private Sector - Business partners want to be assured of returns to their business exposures in NDC. To ensure the same, business partners want NDC to practice and observe efficient investment management, prudent financial and resource management, and effective risk management policies in all its business dealings.
8.1.3 Employees - NDC employees expect NDC to provide them with a conducive working environment, adequate compensation package that is in accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
Chapter VIII, Section 8.2 of the same Manual:
While NDC recognizes and values the interests of each of its stakeholders, the company gives primordial consideration in all its undertakings to the government’s interest above all other factors and parties. NDC exists primarily because it must serve as government’s investment arm.
NDC secondly considers its business partners’ interest in all company dealings. NDC recognizes that the private sector plays a vital role in the company’s operations and business ventures.
Last in the hierarchy is employees’ interest. While being at the lowest echelon, it must be emphasized that NDC highly values its human capital. They form part and parcel to the efficient operations of the company towards its fulfillment of its mandate and in ensuring that NDC serves the interest of its other primary stakeholders-the government and its business partners.
Chapter VIII, Section 8.3 of the same Manual:
The NDC shall recognize the rights of stakeholders, established by law or through mutual agreements, and shall encourage active cooperation with its various stakeholders in the provision of maximized economic and social benefits of its investments and ensuring financial sustainability of its operations. For its part, the NDC shall remain steadfast in its commitment to be equally transparent and consultative to all its stakeholders as embodied in its Vision and Mission Statements.
8.3.1 Duty to be Responsive to Stakeholders - The NDC Board of Directors and Officers accept the position fully aware that he assumes certain responsibilities not only to NDC but also with different constituencies or Stakeholders, who have the right to expect that NDC is being run in a prudent manner and with due regard to the interests of all its Stakeholders as enumerated in Section 8.1:
8.3.2 Communication with Stakeholders - NDC abides by the principle of transparency in government transactions.
It strictly observes the 15-day period mandated by Civil Service Rules within which to address all communications from the public, be it electronically or through traditional means of communication. The company takes pride as well in being an ISO 9001:2008 certified where mandatory turn-around time for all transactions, such as addressing communications from its stakeholders, are strictly adhered to and are well-entrenched in the standard operating instructions (SOIs) of all its work groups.
NDC has also a website in which duly approved company disclosures are announced. Along with this is a web-based system, the Strategic Business Dash Board which enables its stakeholders to have a glimpse of the company’s business portfolio through the web in real time. The dashboard is linked with the NDC website.
NDC’s electronic and interactive citizens charter is also positioned at the company’s lobby for easy and immediate access of company clients. Important company undertakings and milestones are also announced through the same.
8.3.3 System of addressing conflict in the interest of NDC’s stakeholders - The Company follows a Manual of Approvals which defines the limits and powers of the Board of Directors and Management in all company decisions. Big stake projects are usually presented for due consideration of the Board of Directors and are thereafter addressed and implemented by Management.
In case of conflict of interest by its stakeholder, the NDC Board of Directors gives due consideration and weight to each stakeholder’s interest in accordance with the system of hierarchy stated above.
The company as well adheres and adopts the principles embodied in the alternative dispute resolution system to settle disputes between and among its stakeholders.
8.3.4 System of Accounting How NDC has served the Interest of its Stakeholders - NDC takes concerted effort in gathering its stakeholder’s evaluation of the company’s performance relative to serving its stakeholders’ interest. The company implements an annual customer feedback survey through a commissioned third party in order to ensure objectivity in the survey results.
There is as well a Customer Service Index built-in in the company dashboard which aims to gather customer feedback as to the services rendered by NDC to its clients.
Recognition and respect of stakeholders’ rights established by law or through mutual agreements. The State, as the dominant shareholder of NDC controls the decision-making and is in a position to decide to the detriment of the stakeholders. NDC shall establish mechanisms and procedures to protect stakeholder rights. Recognizing the vital contribution of other stakeholders, NDC shall ensure that stakeholders have access to relevant, sufficient and reliable information on a timely and regular basis to be able to exercise their rights and has access to legal redress in the event of their rights are violated
Various Stakeholders - lntegrity and honesty in dealings with customers is necessary for a successful and sustained business relationship. NDC shall operate highly effective and efficient organization, focused on meeting its various stakeholder’s objectives with the aim of providing services, which give fair value and consistent quality, reliability and safety in return for the price, paid for the same.
NDC shall adhere with its Quality Management System enumerating its various standard operating procedures, continuous improvement among others and the skills of the staff, to take best advantage of advances in all aspect.
Chapter VIII, Section 8.9 of the same Manual:
Various Stakeholders - lntegrity and honesty in dealings with customers is necessary for a successful and sustained business relationship. NDC shall operate highly effective and efficient organization, focused on meeting its various stakeholder’s objectives with the aim of providing services, which give fair valueand consistent quality, reliability and safety in return for the price, paid for the same.
NDC shall adhere with its Quality Management System enumerating its various standard operating procedures, continuous improvement among others and the skills of the staff, to take best advantage of advances in all aspect.
Chapter VIII, Section 8.1 of the NDC Manual of Corporate Governance:
This Manual incorporates and formally recognizes NDC’s stakeholders with their respective interests as follows:
8.1.1 The government and the general public - holds government funds in a fiduciary capacity. It is government’s interest that NDC must utilize company resources towards fulfilling its mandate to support the government’s thrust of inclusive growth and economic development.
8.1.2 Business Partners/Private Sector - Business partners want to be assured of returns to their business exposures in NDC. To ensure the same, business partners want NDC to practice and observe efficient investment management, prudent financial and resource management, and effective risk management policies in all its business dealings.
8.1.3 Employees - NDC employees expect NDC to provide them with a conducive working environment, adequate compensation package that is in accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
Chapter VIII, Section 8.2 of the same Manual:
While NDC recognizes and values the interests of each of its stakeholders, the company gives primordial consideration in all its undertakings to the government’s interest above all other factors and parties. NDC exists primarily because it must serve as government’s investment arm.
NDC secondly considers its business partners’ interest in all company dealings. NDC recognizes that the private sector plays a vital role in the company’s operations and business ventures.
Last in the hierarchy is employees’ interest. While being at the lowest echelon, it must be emphasized that NDC highly values its human capital. They form part and parcel to the efficient operations of the company towards its fulfillment of its mandate and in ensuring that NDC serves the interest of its other primary stakeholders-the government and its business partners.
Chapter VIII, Section 8.3 of the same Manual:
The NDC shall recognize the rights of stakeholders, established by law or through mutual agreements, and shall encourage active cooperation with its various stakeholders in the provision of maximized economic and social benefits of its investments and ensuring financial sustainability of its operations. For its part, the NDC shall remain steadfast in its commitment to be equally transparent and consultative to all its stakeholders as embodied in its Vision and Mission Statements.
8.3.1 Duty to be Responsive to Stakeholders - The NDC Board of Directors and Officers accept the position fully aware that he assumes certain responsibilities not only to NDC but also with different constituencies or Stakeholders, who have the right to expect that NDC is being run in a prudent manner and with due regard to the interests of all its Stakeholders as enumerated in Section 8.1:
8.3.2 Communication with Stakeholders - NDC abides by the principle of transparency in government transactions.
It strictly observes the 15-day period mandated by Civil Service Rules within which to address all communications from the public, be it electronically or through traditional means of communication. The company takes pride as well in being an ISO 9001:2008 certified where mandatory turn-around time for all transactions, such as addressing communications from its stakeholders, are strictly adhered to and are well-entrenched in the standard operating instructions (SOIs) of all its work groups.
NDC has also a website in which duly approved company disclosures are announced. Along with this is a web-based system, the Strategic Business Dash Board which enables its stakeholders to have a glimpse of the company’s business portfolio through the web in real time. The dashboard is linked with the NDC website.
NDC’s electronic and interactive citizens charter is also positioned at the company’s lobby for easy and immediate access of company clients. Important company undertakings and milestones are also announced through the same.
8.3.3 System of addressing conflict in the interest of NDC’s stakeholders - The Company follows a Manual of Approvals which defines the limits and powers of the Board of Directors and Management in all company decisions. Big stake projects are usually presented for due consideration of the Board of Directors and are thereafter addressed and implemented by Management.
In case of conflict of interest by its stakeholder, the NDC Board of Directors gives due consideration and weight to each stakeholder’s interest in accordance with the system of hierarchy stated above.
The company as well adheres and adopts the principles embodied in the alternative dispute resolution system to settle disputes between and among its stakeholders.
8.3.4 System of Accounting How NDC has served the Interest of its Stakeholders - NDC takes concerted effort in gathering its stakeholder’s evaluation of the company’s performance relative to serving its stakeholders’ interest. The company implements an annual customer feedback survey through a commissioned third party in order to ensure objectivity in the survey results.
There is as well a Customer Service Index built-in in the company dashboard which aims to gather customer feedback as to the services rendered by NDC to its clients.
Recognition and respect of stakeholders’ rights established by law or through mutual agreements. The State, as the dominant shareholder of NDC controls the decision-making and is in a position to decide to the detriment of the stakeholders. NDC shall establish mechanisms and procedures to protect stakeholder rights. Recognizing the vital contribution of other stakeholders, NDC shall ensure that stakeholders have access to relevant, sufficient and reliable information on a timely and regular basis to be able to exercise their rights and has access to legal redress in the event of their rights are violated
Various Stakeholders - lntegrity and honesty in dealings with customers is necessary for a successful and sustained business relationship. NDC shall operate highly effective and efficient organization, focused on meeting its various stakeholder’s objectives with the aim of providing services, which give fair value and consistent quality, reliability and safety in return for the price, paid for the same.
NDC shall adhere with its Quality Management System enumerating its various standard operating procedures, continuous improvement among others and the skills of the staff, to take best advantage of advances in all aspect.
Chapter VIII, Section 8.9 of the same Manual:
Various Stakeholders - lntegrity and honesty in dealings with customers is necessary for a successful and sustained business relationship. NDC shall operate highly effective and efficient organization, focused on meeting its various stakeholder’s objectives with the aim of providing services, which give fair valueand consistent quality, reliability and safety in return for the price, paid for the same.
NDC shall adhere with its Quality Management System enumerating its various standard operating procedures, continuous improvement among others and the skills of the staff, to take best advantage of advances in all aspect.
Notes
See pages 36 - 39 and 41 - 42 of the NDC Manual of Corporate Governance
Link
1.b Does the GOCC disclose a policy that: Elaborates its efforts to interact with the communities in which they operate?
Standard
YES.
Chapter VIII, Section 8.5 of the NDC Manual of Corporate Governance:
As an integral part of the National Government, NDC is inherently mandated to be socially responsible, to act and operate as good corporate citizens. The Governing Board shall recognize and perform the NDC obligations to the National Government, its major stakeholders, employees, suppliers, customers, and other stakeholders and the communities in which it operates.
The Board shall apply high ethical standards in the organization with checks and balances that will ensure the corporation is protected from deviation from these standards in the course of the interaction of business considerations with political and public policy ones. NDC shall develop an internal code of ethics that would give clear and detailed guidance as to the expected conduct of all employees and disciplinary measures for non-compliance therewith. The internal code of ethics should include guidance on procurement processes, as well as develop specific mechanisms protecting and encouraging stakeholders, and particularly employees, to report on illegal or unethical conduct by corporate officers.
Chapter VIII, Section 8.5 of the NDC Manual of Corporate Governance:
As an integral part of the National Government, NDC is inherently mandated to be socially responsible, to act and operate as good corporate citizens. The Governing Board shall recognize and perform the NDC obligations to the National Government, its major stakeholders, employees, suppliers, customers, and other stakeholders and the communities in which it operates.
The Board shall apply high ethical standards in the organization with checks and balances that will ensure the corporation is protected from deviation from these standards in the course of the interaction of business considerations with political and public policy ones. NDC shall develop an internal code of ethics that would give clear and detailed guidance as to the expected conduct of all employees and disciplinary measures for non-compliance therewith. The internal code of ethics should include guidance on procurement processes, as well as develop specific mechanisms protecting and encouraging stakeholders, and particularly employees, to report on illegal or unethical conduct by corporate officers.
Notes
See page 41 of the NDC Manual of Corporate Governance
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf#page=45
Link
1.c Does the GOCC disclose a policy that: Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
Standard
YES. NDC practices its commitment as a responsible corporate citizen and steward by catalyzing efforts for economic development. These efforts are anchored on three (3) CSR themes: Investing in Development, Capacitating Communities, and Rebuilding Lives.
Chapter VIII, Section 8.12 of the NDC Manual of Corporate Governance:
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations. NDC goal is for it to minimize harmful effects and consider the development and implementation of environmental standards to achieve this to be of great importance. NDC encourages the 3Rs: Reduce, Reuse, and Recycle.
ln the course of the operations of the GOCC, it should identify opportunities to reduce consumption of energy, water, and other natural resources. NDC shall strive to reuse and recycle where possible and dispose of non-recyclable items responsibly, thereby minimizing its impact on the environment. NDC shall adopt simple, environmentally friendly initiatives, to raise awareness among the members of the communities it affects.
Chapter VIII, Section 8.12 of the NDC Manual of Corporate Governance:
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations. NDC goal is for it to minimize harmful effects and consider the development and implementation of environmental standards to achieve this to be of great importance. NDC encourages the 3Rs: Reduce, Reuse, and Recycle.
ln the course of the operations of the GOCC, it should identify opportunities to reduce consumption of energy, water, and other natural resources. NDC shall strive to reuse and recycle where possible and dispose of non-recyclable items responsibly, thereby minimizing its impact on the environment. NDC shall adopt simple, environmentally friendly initiatives, to raise awareness among the members of the communities it affects.
Notes
See page 43 of the NDC Manual of Corporate Governance
Link
2.a Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Customer health and safety)
Standard
YES.
On August 15, 2024, NDC released the PhP 70 million funding to Manila Healthtek, Inc.
On August 27, 2024, NDC held a lecture titled "Too Blessed to be Stressed" as part of its Health and Wellness Program.
On October 23, 2024, NDC launched the all-gender public restrooms at the NDC Building, Salcedo Village, Makati City.
On August 15, 2024, NDC released the PhP 70 million funding to Manila Healthtek, Inc.
On August 27, 2024, NDC held a lecture titled "Too Blessed to be Stressed" as part of its Health and Wellness Program.
On October 23, 2024, NDC launched the all-gender public restrooms at the NDC Building, Salcedo Village, Makati City.
Notes
2.b Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Interaction with the communities)
Standard
YES.
NDC signed a Memorandum of Understanding agreement with the following companies/organizations:
1. January 22, 2024 - Knowledge Partnership with BRINC
2. January 23, 2024 - Knowledge Partnership with AHG Lab
3. February 8, 2024 - AIESEC Philippines, Bughaw Creative Collective, and StartUp Village
4. May 28, 2024 - Cybercrime Investigation and Coordinating Center
5. June 19-21, 2024 - Cebu Chamber of Commerce and Industry, Inc., establishing Cebu as the first expansion of the Philippine Innovation Hub
6. August 8, 2024 - Knowledge partnership with Ateneo de Manila University, Game Developers Association of the Philippines, Meet Ventures, Twala, and Leave a Nest Philippines
On January 28, 2024, NDC participated in the Bagong Pilipinas Kick-off Rally at the Quirino Grandstand, Manila.
On February 16, 2024, NDC held its first mixer event for 2024 with its Knowledge Partners and Co-Investment Partners
On March 11, 2024, NDC joined the International Women's Day event focused on addressing poverty and strengthening institutions and financing
On May 6, 2024, NDC received acknowledgement for substantial financial contributions to the country during the 2024 Government-Owned or Controlled Corporations day at the Philippine International Convention Center (PICC).
On June 4, 2024, NDC signs a “Pledge to Sustainable Governance” during GCG’s 13th anniversary at the PICC
On June 11, 2024, TRB and NDC signed an agreement for the acquisition of the NDC Pandacan Property for the continuation of the Skyway Stage 3 Project.
On June 12, 2024, NDC participated in Kalayaan 2024 as part of the National Independence Day celebration.
On August 1, 2024, NDC donated relief goods for flood victims in Marikina City.
On August 15, 2024, NDC released the PhP 70 million funding to Manila Healthtek, Inc.
On October 23, 2024, NDC launched the all-gender public restrooms at the NDC Building, Salcedo Village, Makati City.
NDC signed a Memorandum of Understanding agreement with the following companies/organizations:
1. January 22, 2024 - Knowledge Partnership with BRINC
2. January 23, 2024 - Knowledge Partnership with AHG Lab
3. February 8, 2024 - AIESEC Philippines, Bughaw Creative Collective, and StartUp Village
4. May 28, 2024 - Cybercrime Investigation and Coordinating Center
5. June 19-21, 2024 - Cebu Chamber of Commerce and Industry, Inc., establishing Cebu as the first expansion of the Philippine Innovation Hub
6. August 8, 2024 - Knowledge partnership with Ateneo de Manila University, Game Developers Association of the Philippines, Meet Ventures, Twala, and Leave a Nest Philippines
On January 28, 2024, NDC participated in the Bagong Pilipinas Kick-off Rally at the Quirino Grandstand, Manila.
On February 16, 2024, NDC held its first mixer event for 2024 with its Knowledge Partners and Co-Investment Partners
On March 11, 2024, NDC joined the International Women's Day event focused on addressing poverty and strengthening institutions and financing
On May 6, 2024, NDC received acknowledgement for substantial financial contributions to the country during the 2024 Government-Owned or Controlled Corporations day at the Philippine International Convention Center (PICC).
On June 4, 2024, NDC signs a “Pledge to Sustainable Governance” during GCG’s 13th anniversary at the PICC
On June 11, 2024, TRB and NDC signed an agreement for the acquisition of the NDC Pandacan Property for the continuation of the Skyway Stage 3 Project.
On June 12, 2024, NDC participated in Kalayaan 2024 as part of the National Independence Day celebration.
On August 1, 2024, NDC donated relief goods for flood victims in Marikina City.
On August 15, 2024, NDC released the PhP 70 million funding to Manila Healthtek, Inc.
On October 23, 2024, NDC launched the all-gender public restrooms at the NDC Building, Salcedo Village, Makati City.
Notes
https://www.ndc.gov.ph/latest-updates/ndc-signs-mou-knowledge-partnership-brinc
https://www.ndc.gov.ph/latest-updates/ndc-signs-mou-knowledge-partnership-ahg-lab
https://www.ndc.gov.ph/latest-updates/strengthening-cybersecurity-ndc-and-cicc-officiate-partnership
https://www.ndc.gov.ph/latest-updates/five-mou-signing-knowledge-partners-philippine-innovation-hub
https://www.ndc.gov.ph/latest-updates/ndc-team-congregates-bagong-pilipinas-kick-rally
https://www.ndc.gov.ph/latest-updates/ndc-donated-relief-goods-flood-victims-marikina-city
Link
2.c Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Environmentally-friendly value chain)
Standard
YES.
On January 24, 2024, NDC, with the Australia Philippines Business Council, introduced Cyclion Energy to the Quezon City Government officials.
On February 2, 2024, NDC discussed Sustainable Environment Solutions with Australian Ambassador to the Philippines
On March 4, 2024, NDC signed an MOU with Cyclion Energy
On April 22-26, 2024, NDC met with Aqua03 to brainstorm innovative methods for waste disposal, including toxic and medical waste.
On January 24, 2024, NDC, with the Australia Philippines Business Council, introduced Cyclion Energy to the Quezon City Government officials.
On February 2, 2024, NDC discussed Sustainable Environment Solutions with Australian Ambassador to the Philippines
On March 4, 2024, NDC signed an MOU with Cyclion Energy
On April 22-26, 2024, NDC met with Aqua03 to brainstorm innovative methods for waste disposal, including toxic and medical waste.
Notes
3. Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Standard
YES. On January 27, 2024, the Independent Investor conducted a one-day workshop at NDC where participants can gain hands-on knowledge about raising capital or setting their business in motion
On August 1, 2024, NDC donated relief goods for flood victims in Marikina City.
On October 23, 2024, NDC launched the all-gender public restrooms at the NDC Building, Salcedo Village, Makati City.
On August 1, 2024, NDC donated relief goods for flood victims in Marikina City.
On October 23, 2024, NDC launched the all-gender public restrooms at the NDC Building, Salcedo Village, Makati City.
Notes
4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. Does the GOCC provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?
Standard
YES. Contact details are found on the Contact Us Page.
Public Assistance: info@ndc.gov.ph
NDC Customer Complaints Email: cart.ndc@ndc.gov.ph and customercomplaints@ndc.gov.ph
Public Assistance: info@ndc.gov.ph
NDC Customer Complaints Email: cart.ndc@ndc.gov.ph and customercomplaints@ndc.gov.ph
Notes
5.a Performance-enhancing mechanisms for employee participation should be permitted to develop. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
Standard
YES.
Chapter VIII, Section 8.11 of the NDC Manual of Corporate Governance
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors. NDC shall comply with all relevant local legislations or regulations and best practice guidelines recommended by national health and safety authorities. The staff should be informed regarding the policies and practices of the NDC in order to maintain a healthy, safe, and enjoyable environment
Chapter VIII, Section 8.11 of the NDC Manual of Corporate Governance
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors. NDC shall comply with all relevant local legislations or regulations and best practice guidelines recommended by national health and safety authorities. The staff should be informed regarding the policies and practices of the NDC in order to maintain a healthy, safe, and enjoyable environment
Notes
See page 43 of the NDC Manual of Corporate Governance
Link
5.b Does the GOCC publish data relating to health, safety and welfare of its employees?
Standard
YES. On August 27, 2024, NDC held a lecture titled "Too Blessed to be Stressed" as part of its Health and Wellness Program.
On October 6, 2024, NDC participated in the One PS-DBM Fun Run held at the Academic Oval of the University of the Philippines in Diliman, Quezon City.
On October 22, 2024, NDC conducted a Breast Cancer Awareness
On October 6, 2024, NDC participated in the One PS-DBM Fun Run held at the Academic Oval of the University of the Philippines in Diliman, Quezon City.
On October 22, 2024, NDC conducted a Breast Cancer Awareness
Notes
5.c Does the GOCC have training and development programmes for its employees?
Standard
YES. NDC Two-Year Learning and Development Plan
On August 27, 2024, NDC held a lecture titled "Too Blessed to be Stressed" as part of its Health and Wellness Program.
On August 27, 2024, NDC held a lecture titled "Too Blessed to be Stressed" as part of its Health and Wellness Program.
Notes
5.d Does the GOCC publish data on training and development programs for its employees?
Standard
YES.
Notes
6.a Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
Standard
YES.
Section 8 of the NDC Whistleblowing Policy:
Procedures in Handling Whistleblowing Reports
a. Filing of Whistleblowing Reports (WR)
a.1 Who may File – Any concerned individual or NDC employee who witnesses or becomes aware of any attempted, ongoing or consummated Reportable Conditions involving any NDC employee may file the WR.
The Whistleblower who files the WR anonymously may choose to provide a manner by which he/she can be contacted without jeopardizing his/her anonymity. Such means shall include, but not limited to using an e-mail, a pre-paid mobile number and the like.
a.2 Where to File – The WR shall be filed with the NDC-WC or through any of the Reporting Channels.
a.3 Form of the WR – The WR must be in writing and shall contain the following:
i. The Respondent must be clearly identified by his/her full name and position;
ii. The specific conditions, actions and/or omissions being complained about, as well as the corresponding laws, rules and regulations allegedly violated;
iii. Documentary and other evidence to support the allegations.
b. Preliminary Evaluation of the WR
b.1 The NDC-WC will make the initial determination of whether or not the information provided may be considered as a Reportable Condition. If the NDC-WC determines that such information does not qualify as a Reportable Condition, the same shall be treated as ordinary complaint which will be acted on accordingly in accordance with applicable NDC policy, or existing rules and regulations.
The NDC-WC reserves the right to disregard WRs that are vague, ambiguous, patently without merit, or are clearly harassment complaint against the Respondent. The NDC-WC shall communicate its initial findings on such WRs to the Whistleblower who will be given the opportunity to substantiate the same, failing to do so, the matters raised in the WRs will be considered closed and terminated.
c. Full Investigation
c.1 If the NDC-WC finds the WR to be sufficient in form and substance, the NDC-WC shall conduct an investigation, part of which will involve informing the Respondent of the allegations against him/her and requiring the Respondent to submit comments within fifteen (15) calendar days from receipt thereof.
The NDC-WC shall furnish the Whistleblower a copy of the comments of the Respondent, and shall give him/her the opportunity to provide more information or controverting evidence within fifteen (15) calendar days from receipt of the copy of the Respondent’s comments. If the Whistleblower submits additional information or evidence, the NDC-WC shall likewise give the Respondent the opportunity to submit rebutting evidence within ten (10) calendar days from receipt thereof.
c.2 If the NDC-WC is satisfied that all the information and evidence necessary for the resolution/decision of the WR are ready on hand, it may proceed to draft the corresponding resolution/decision of the WR and submit its recommendation the General Manager and the NDC Board of Directors.
d. Final action on the NDC-WC’s Report
d.1 In cases of WR filed against NDC employees (other than the members of the Board), the NDC Board of Directors, in consideration of the resolution/decision and/or recommendation of the NDC-WC, may pursue any of the following actions:
i. Dismiss the WR for want of palpable merit;
ii. impose disciplinary action or sanction against the Respondent pursuant to existing rules and regulations;
iii. Indorse to the proper Government Agency, such as the Office of the Ombudsman and/or Civil Service Commission, the pursuit of the criminal and/or administrative processes against the Respondent;
iv. Enjoin the NDC Management to comply with applicable laws or jurisprudence and/or undertake corrective measures to address the matters raised in the WR; and
v. Consider the NDC-WC report closed and terminated if the response of the Respondent is found to be adequate.
d.2 In cases of WRs filed against the members of the NDC Board of Directors, the NDC-WC shall submit its recommendation to the Governance Commission for GOCCs for appropriate action.
Section 8 of the NDC Whistleblowing Policy:
Procedures in Handling Whistleblowing Reports
a. Filing of Whistleblowing Reports (WR)
a.1 Who may File – Any concerned individual or NDC employee who witnesses or becomes aware of any attempted, ongoing or consummated Reportable Conditions involving any NDC employee may file the WR.
The Whistleblower who files the WR anonymously may choose to provide a manner by which he/she can be contacted without jeopardizing his/her anonymity. Such means shall include, but not limited to using an e-mail, a pre-paid mobile number and the like.
a.2 Where to File – The WR shall be filed with the NDC-WC or through any of the Reporting Channels.
a.3 Form of the WR – The WR must be in writing and shall contain the following:
i. The Respondent must be clearly identified by his/her full name and position;
ii. The specific conditions, actions and/or omissions being complained about, as well as the corresponding laws, rules and regulations allegedly violated;
iii. Documentary and other evidence to support the allegations.
b. Preliminary Evaluation of the WR
b.1 The NDC-WC will make the initial determination of whether or not the information provided may be considered as a Reportable Condition. If the NDC-WC determines that such information does not qualify as a Reportable Condition, the same shall be treated as ordinary complaint which will be acted on accordingly in accordance with applicable NDC policy, or existing rules and regulations.
The NDC-WC reserves the right to disregard WRs that are vague, ambiguous, patently without merit, or are clearly harassment complaint against the Respondent. The NDC-WC shall communicate its initial findings on such WRs to the Whistleblower who will be given the opportunity to substantiate the same, failing to do so, the matters raised in the WRs will be considered closed and terminated.
c. Full Investigation
c.1 If the NDC-WC finds the WR to be sufficient in form and substance, the NDC-WC shall conduct an investigation, part of which will involve informing the Respondent of the allegations against him/her and requiring the Respondent to submit comments within fifteen (15) calendar days from receipt thereof.
The NDC-WC shall furnish the Whistleblower a copy of the comments of the Respondent, and shall give him/her the opportunity to provide more information or controverting evidence within fifteen (15) calendar days from receipt of the copy of the Respondent’s comments. If the Whistleblower submits additional information or evidence, the NDC-WC shall likewise give the Respondent the opportunity to submit rebutting evidence within ten (10) calendar days from receipt thereof.
c.2 If the NDC-WC is satisfied that all the information and evidence necessary for the resolution/decision of the WR are ready on hand, it may proceed to draft the corresponding resolution/decision of the WR and submit its recommendation the General Manager and the NDC Board of Directors.
d. Final action on the NDC-WC’s Report
d.1 In cases of WR filed against NDC employees (other than the members of the Board), the NDC Board of Directors, in consideration of the resolution/decision and/or recommendation of the NDC-WC, may pursue any of the following actions:
i. Dismiss the WR for want of palpable merit;
ii. impose disciplinary action or sanction against the Respondent pursuant to existing rules and regulations;
iii. Indorse to the proper Government Agency, such as the Office of the Ombudsman and/or Civil Service Commission, the pursuit of the criminal and/or administrative processes against the Respondent;
iv. Enjoin the NDC Management to comply with applicable laws or jurisprudence and/or undertake corrective measures to address the matters raised in the WR; and
v. Consider the NDC-WC report closed and terminated if the response of the Respondent is found to be adequate.
d.2 In cases of WRs filed against the members of the NDC Board of Directors, the NDC-WC shall submit its recommendation to the Governance Commission for GOCCs for appropriate action.
Notes
See pages 4-6 of NDC's whistleblowing policy:
Link
6.b Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
Standard
YES.
Section 10 of the NDC Whistleblowing Policy:
Protection of a Whistleblower against Retaliation – Retaliatory acts against whistleblower who submits WRs in good faith shall not be tolerated by the NDC which shall extend all possible assistance to the whistleblower under the law and given the circumstances. Such retaliatory acts may include:
a. Discrimination or harassment in the workplace;
b. Demotion;
c. Reduction in salary benefits;
d. Termination of contract;
e. Evident bias in the performance evaluation; and
f. Any acts or threats that adversely affect the rights and interests of the whistleblower
Any whistleblowing report/complaint which is to be heard by the WC shall be with the representation from the registered and sole bargaining agent of rank and file personnel, in case the whistleblower is a rank and file employee; or from the recognized association of managers/executives, in case the whistleblower is an official of the NDC.
The whistleblower if he/she desires may be assisted by a counsel of his/her choice. However, the expenses incidental to the prosecution of his report/complaint should be on his/her sole account and in no case shall be charged to the NDC.
Section 10 of the NDC Whistleblowing Policy:
Protection of a Whistleblower against Retaliation – Retaliatory acts against whistleblower who submits WRs in good faith shall not be tolerated by the NDC which shall extend all possible assistance to the whistleblower under the law and given the circumstances. Such retaliatory acts may include:
a. Discrimination or harassment in the workplace;
b. Demotion;
c. Reduction in salary benefits;
d. Termination of contract;
e. Evident bias in the performance evaluation; and
f. Any acts or threats that adversely affect the rights and interests of the whistleblower
Any whistleblowing report/complaint which is to be heard by the WC shall be with the representation from the registered and sole bargaining agent of rank and file personnel, in case the whistleblower is a rank and file employee; or from the recognized association of managers/executives, in case the whistleblower is an official of the NDC.
The whistleblower if he/she desires may be assisted by a counsel of his/her choice. However, the expenses incidental to the prosecution of his report/complaint should be on his/her sole account and in no case shall be charged to the NDC.
Notes
See pages 6 and 7 of NDC's Whistleblowing Policy
Link
2
Standard
II. Disclosure and Transparency
7.a Does the GOCC's website disclose the following items: Corporate objectives
Standard
YES. NDC's corporate objectives are disclosed in the 2024 Performance Scorecard.
Notes
7.b Does the GOCC's website disclose the following items: Financial performance indicators
Standard
YES. The 2024 annual audited report is not yet available but NDC's financial reports are posted in the Transparency Seal. The financial strategic measures of NDC are also in the 2024 Performance Scorecard.
Notes
7.c Does the GOCC's website disclose the following items: Non-financial performance indicators
Standard
YES. The non-financial strategic measures are disclosed in the 2024 Performance Scorecard.
Notes
7.d Does the GOCC's website disclose the following items: Details of whistle-blowing policy
Standard
YES.
Section 8 of the NDC Whistleblowing Policy
Procedures in Handling Whistleblowing Reports
a. Filing of Whistleblowing Reports (WR)
a.1 Who may File – Any concerned individual or NDC employee who witnesses or becomes aware of any attempted, ongoing or consummated Reportable Conditions involving any NDC employee may file the WR.
The Whistleblower who files the WR anonymously may choose to provide a manner by which he/she can be contacted without jeopardizing his/her anonymity. Such means shall include, but not limited to using an e-mail, a pre-paid mobile number and the like.
a.2 Where to File – The WR shall be filed with the NDC-WC or through any of the Reporting Channels.
a.3 Form of the WR – The WR must be in writing and shall contain the following:
i. The Respondent must be clearly identified by his/her full name and position;
ii. The specific conditions, actions and/or omissions being complained about, as well as the corresponding laws, rules and regulations allegedly violated;
iii. Documentary and other evidence to support the allegations.
b. Preliminary Evaluation of the WR
b.1 The NDC-WC will make the initial determination of whether or not the information provided may be considered as a Reportable Condition. If the NDC-WC determines that such information does not qualify as a Reportable Condition, the same shall be treated as ordinary complaint which will be acted on accordingly in accordance with applicable NDC policy, or existing rules and regulations.
The NDC-WC reserves the right to disregard WRs that are vague, ambiguous, patently without merit, or are clearly harassment complaint against the Respondent. The NDC-WC shall communicate its initial findings on such WRs to the Whistleblower who will be given the opportunity to substantiate the same, failing to do so, the matters raised in the WRs will be considered closed and terminated.
c. Full Investigation
c.1 If the NDC-WC finds the WR to be sufficient in form and substance, the NDC-WC shall conduct an investigation, part of which will involve informing the Respondent of the allegations against him/her and requiring the Respondent to submit comments within fifteen (15) calendar days from receipt thereof.
The NDC-WC shall furnish the Whistleblower a copy of the comments of the Respondent, and shall give him/her the opportunity to provide more information or controverting evidence within fifteen (15) calendar days from receipt of the copy of the Respondent’s comments. If the Whistleblower submits additional information or evidence, the NDC-WC shall likewise give the Respondent the opportunity to submit rebutting evidence within ten (10) calendar days from receipt thereof.
c.2 If the NDC-WC is satisfied that all the information and evidence necessary for the resolution/decision of the WR are ready on hand, it may proceed to draft the corresponding resolution/decision of the WR and submit its recommendation the General Manager and the NDC Board of Directors.
d. Final action on the NDC-WC’s Report
d.1 In cases of WR filed against NDC employees (other than the members of the Board), the NDC Board of Directors, in consideration of the resolution/decision and/or recommendation of the NDC-WC, may pursue any of the following actions:
i. Dismiss the WR for want of palpable merit;
ii. impose disciplinary action or sanction against the Respondent pursuant to existing rules and regulations;
iii. Indorse to the proper Government Agency, such as the Office of the Ombudsman and/or Civil Service Commission, the pursuit of the criminal and/or administrative processes against the Respondent;
iv. Enjoin the NDC Management to comply with applicable laws or jurisprudence and/or undertake corrective measures to address the matters raised in the WR; and
v. Consider the NDC-WC report closed and terminated if the response of the Respondent is found to be adequate.
d.2 In cases of WRs filed against the members of the NDC Board of Directors, the NDC-WC shall submit its recommendation to the Governance Commission for GOCCs for appropriate action.
Section 8 of the NDC Whistleblowing Policy
Procedures in Handling Whistleblowing Reports
a. Filing of Whistleblowing Reports (WR)
a.1 Who may File – Any concerned individual or NDC employee who witnesses or becomes aware of any attempted, ongoing or consummated Reportable Conditions involving any NDC employee may file the WR.
The Whistleblower who files the WR anonymously may choose to provide a manner by which he/she can be contacted without jeopardizing his/her anonymity. Such means shall include, but not limited to using an e-mail, a pre-paid mobile number and the like.
a.2 Where to File – The WR shall be filed with the NDC-WC or through any of the Reporting Channels.
a.3 Form of the WR – The WR must be in writing and shall contain the following:
i. The Respondent must be clearly identified by his/her full name and position;
ii. The specific conditions, actions and/or omissions being complained about, as well as the corresponding laws, rules and regulations allegedly violated;
iii. Documentary and other evidence to support the allegations.
b. Preliminary Evaluation of the WR
b.1 The NDC-WC will make the initial determination of whether or not the information provided may be considered as a Reportable Condition. If the NDC-WC determines that such information does not qualify as a Reportable Condition, the same shall be treated as ordinary complaint which will be acted on accordingly in accordance with applicable NDC policy, or existing rules and regulations.
The NDC-WC reserves the right to disregard WRs that are vague, ambiguous, patently without merit, or are clearly harassment complaint against the Respondent. The NDC-WC shall communicate its initial findings on such WRs to the Whistleblower who will be given the opportunity to substantiate the same, failing to do so, the matters raised in the WRs will be considered closed and terminated.
c. Full Investigation
c.1 If the NDC-WC finds the WR to be sufficient in form and substance, the NDC-WC shall conduct an investigation, part of which will involve informing the Respondent of the allegations against him/her and requiring the Respondent to submit comments within fifteen (15) calendar days from receipt thereof.
The NDC-WC shall furnish the Whistleblower a copy of the comments of the Respondent, and shall give him/her the opportunity to provide more information or controverting evidence within fifteen (15) calendar days from receipt of the copy of the Respondent’s comments. If the Whistleblower submits additional information or evidence, the NDC-WC shall likewise give the Respondent the opportunity to submit rebutting evidence within ten (10) calendar days from receipt thereof.
c.2 If the NDC-WC is satisfied that all the information and evidence necessary for the resolution/decision of the WR are ready on hand, it may proceed to draft the corresponding resolution/decision of the WR and submit its recommendation the General Manager and the NDC Board of Directors.
d. Final action on the NDC-WC’s Report
d.1 In cases of WR filed against NDC employees (other than the members of the Board), the NDC Board of Directors, in consideration of the resolution/decision and/or recommendation of the NDC-WC, may pursue any of the following actions:
i. Dismiss the WR for want of palpable merit;
ii. impose disciplinary action or sanction against the Respondent pursuant to existing rules and regulations;
iii. Indorse to the proper Government Agency, such as the Office of the Ombudsman and/or Civil Service Commission, the pursuit of the criminal and/or administrative processes against the Respondent;
iv. Enjoin the NDC Management to comply with applicable laws or jurisprudence and/or undertake corrective measures to address the matters raised in the WR; and
v. Consider the NDC-WC report closed and terminated if the response of the Respondent is found to be adequate.
d.2 In cases of WRs filed against the members of the NDC Board of Directors, the NDC-WC shall submit its recommendation to the Governance Commission for GOCCs for appropriate action.
Notes
See pages 4-6 of the NDC Whistleblowing Policy
Link
7.e Does the GOCC's website disclose the following items: Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
Standard
YES.
Notes
7.f Does the GOCC's website disclose the following items: Training and/or continuing education programme attended by each director/commissioner
Standard
YES. See link for the trainings of Director Arsenio M. Bartolome III and General Manager Antonilo DC. Mauricio.
Notes
8. Are the annual report downloadable from the GOCC's website?
Standard
Notes
9. Does the GOCC's website contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?
Standard
YES. NDC fully complies with the Code of Corporate Governance.
Notes
10.a Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?
Standard
Notes
10.b Is the annual report released within 90 days from release of audited financial report?
Standard
Notes
10.c Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
Standard
Notes
3
Standard
III. Board Responsibility
11.a Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?
Standard
YES. "The 2024 Performance Scorecard which provides for the Strategic Objectives that support the attainment of the Vision was reviewed and approved by the Board on its Board Meeting held on November 10, 2023."
Notes
https://www.ndc.gov.ph/corporate-governance
On Governance Matters
Link
11.b Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
Standard
Yes. Monitor and evaluate on a regular basis the implementation of corporate strategies and policies, business plans and operating budgets, as well as Management's over-all performance to ensure optimum result.
Chapter III, Section 3.3 of the NDC Manual of Corporate Governance
Although the day-to-day management of the affairs of the NDC may be with Management, the Board is, however, responsible for providing policy directions, monitoring and overseeing Management actions, as articulated in PD 1648 and other relevant legislation, rules, and regulations.
Chapter III, Section 3.3 of the NDC Manual of Corporate Governance
Although the day-to-day management of the affairs of the NDC may be with Management, the Board is, however, responsible for providing policy directions, monitoring and overseeing Management actions, as articulated in PD 1648 and other relevant legislation, rules, and regulations.
Notes
See page 9 of the NDC Manual of Corporate Governance
Link
12. Did the GOCC achieve 90% in the PES?
Standard
Notes
13.a Are the details of the code of ethics or conduct disclosed?
Standard
YES. The NDC hereby adopts a “No Gift Policy” in accordance with GCG Memorandum Circular No. 2012-07 – Code of Corporate Governance for GOCCs, and pursuant to the pertinent provisions of Republic Act No. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees”, and Republic Act No. 3019, otherwise known as the “Anti-Graft and Corrupt Practices Act.
Chapter V, Section 5.8 of the NDC Manual of Corporate Governance
NDC adopts a “No Gift Policy”. A Director or Officer shall not solicit, nor accept directly or indirectly, any gift, gratuity, favor, entertainment, loan, or anything of monetary value (“gift”) from any person where such Gift:
5.8.1 Would be illegal or in violation of law;
5.8.2 Is part of an attempt or agreement to do anything in return;
5.8.3 Has a value beyond what is normal and customary in NDC’s business;
5.8.4 Is being made to influence the member of the Board’s or Officer’s actions as such; or
5.8.5 Could create the appearance of a conflict of interest.
Chapter V, Section 5.8 of the NDC Manual of Corporate Governance
NDC adopts a “No Gift Policy”. A Director or Officer shall not solicit, nor accept directly or indirectly, any gift, gratuity, favor, entertainment, loan, or anything of monetary value (“gift”) from any person where such Gift:
5.8.1 Would be illegal or in violation of law;
5.8.2 Is part of an attempt or agreement to do anything in return;
5.8.3 Has a value beyond what is normal and customary in NDC’s business;
5.8.4 Is being made to influence the member of the Board’s or Officer’s actions as such; or
5.8.5 Could create the appearance of a conflict of interest.
Notes
Republic Act 6713
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
NDC's No Gift Policy
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
See page 32 of the NDC Manual of Corporate Governance
Link
13.b Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
Standard
Chapter II, Section 2.3 of the NDC Manual of Corporate Governance
NDC is committed to institutionalize the principles of good corporate governance in the entire organization. The Board of Directors, Management, and Employees of NDC equally commit to the principles contained in this Code and acknowledge that this Code will serve as guide in the achievement of corporate goals.
NDC is committed to institutionalize the principles of good corporate governance in the entire organization. The Board of Directors, Management, and Employees of NDC equally commit to the principles contained in this Code and acknowledge that this Code will serve as guide in the achievement of corporate goals.
Notes
See page 7 of the NDC Manual of Corporate Governance:
Link
13.c Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
Standard
YES
Notes
Republic Act No. 6713
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
Section V of NDC's No Gift Policy
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
Link
14. Does the Board appoint a Nomination Compensation / Remuneration Committee?
Standard
Nomination and Remuneration Committee
Chairman:
Mr. Philip G. Lo or his alternate
Members:
Gov. Eli M. Remolona, Jr. or his allternate
Sec. Raphael Perpetuo M. Lotilla or his alternate
Chairman:
Mr. Philip G. Lo or his alternate
Members:
Gov. Eli M. Remolona, Jr. or his allternate
Sec. Raphael Perpetuo M. Lotilla or his alternate
Notes
15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?
Standard
NO. The Committee has not yet convened since there are no pending actions for discussion by the Committee.
Notes
16. If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?
Standard
NO.
Notes
17. Does the Board appoint an Audit Committee?
Standard
Audit and Risk Management Committee
Chairman:
Sec. Amenah F. Pangandaman or her alternate
Members:
Sec. Ralph G. Recto or his alternate
Sec. Maria Antonia Yulo Loyzaga or her alternate
Chairman:
Sec. Amenah F. Pangandaman or her alternate
Members:
Sec. Ralph G. Recto or his alternate
Sec. Maria Antonia Yulo Loyzaga or her alternate
Notes
18. If yes, is the report of the Audit Committee publicly disclosed?
Standard
NO.
Notes
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Standard
DBM Sec. Amenah F. Pangandaman and DOF Secretary Ralph G. Recto have a background in finance.
Notes
Sec. Amenah F. Pangandaman
https://www.ndc.gov.ph/sites/default/files/documents/Amenah%20F.%20Pangandaman.pdf
Sec. Ralph G. Recto
https://www.ndc.gov.ph/sites/default/files/2024-10/Ralph%20G.%20Recto.pdf
See Transparency Seal
Link
20. Did the Audit Committee meet at least four times during the year?
Standard
NO. The Committee has not yet convened since there are no pending actions for discussion by the Committee.
Notes
21. Does the Board appoint a Risk Management Committee?
Standard
Audit and Risk Management Committee
Chairman:
Sec. Amenah F. Pangandaman or her alternate
Members:
Sec. Ralph G. Recto or his alternate
Sec. Maria Antonia Yulo Loyzaga or her alternate
Chairman:
Sec. Amenah F. Pangandaman or her alternate
Members:
Sec. Ralph G. Recto or his alternate
Sec. Maria Antonia Yulo Loyzaga or her alternate
Notes
22. If yes, is the report on Risk Management Committee publicly disclosed?
Standard
NO.
Notes
23. Does at least one member of the Risk Management Committee have a background in finance and investments?
Standard
DBM Sec. Amenah F. Pangandaman and DOF Secretary Ralph G. Recto have a background in finance.
Notes
Sec. Amenah F. Pangandaman
https://www.ndc.gov.ph/sites/default/files/documents/Amenah%20F.%20Pangandaman.pdf
Sec. Ralph G. Recto
https://www.ndc.gov.ph/sites/default/files/2024-10/Ralph%20G.%20Recto.pdf
See Transparency Seal
Link
24. a Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
Standard
YES. The schedule of NDC Board Meetings for the year 2024 was presented during the Board Meeting held on December 19, 2023.
Notes
24.b Does the Board of Directors meet at least monthly?
Standard
There were only seven (5) meetings held.
Notes
24.c Did the Board of Directors meet on at least 75% on their scheduled meetings?
Standard
NO. Due to changes in administration and leadership within the NDC, the NDC Board was unable to convene at the scheduled meetings.
Notes
24.d Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Standard
NO. See link for the attendance of the Board of Directors.
Notes
24.e Did the Board of Directors meet separately at least once during the year without the President/CEO present?
Standard
YES. The NDC Board of Directors held a Special Board Meeting without the General Manager on November 8, 2024.
Notes
25.a Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
Standard
YES. It is NDC's policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Notes
25.b Is the Board Secretary trained in legal, accountancy or company secretarial practices?
Standard
YES. The NDC Board Secretary and Assistant Board Secretary are lawyers.
Notes
Atty. Rhoel Z. Mabazza - Corporate Secretary
https://www.ndc.gov.ph/sites/default/files/documents/RZM%20WRITE-UP%20WEBSITE.pdf
Atty. Geneflor L. Santiago-Lumbang - Assistant Corporate Secretary
https://www.ndc.gov.ph/sites/default/files/documents/Geneflor%20L.%20Santiago-Lumbang.pdf
Link
26.a Does the company have a separate internal audit function?
Standard
YES. NDC has a separate internal audit office to perform internal audit functions.
Notes
26.b Does the appointment and removal of the internal auditor require the recommendation of the Audit Committee?
Standard
NO.
Notes
27.a Does the company disclose the internal control procedures/risk management systems it has in place?
Standard
The NDC discloses the internal control procedures/risk management systems it has in place.
Notes
27.b Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Standard
NO.
Notes
Link
27.c Does the company disclose how key risks are managed?
Standard
NO.
Notes
27.d Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
Standard
NO.
Notes
28. Do different persons assume the roles of Chairman and CEO?
Standard
The chairman is Sec. Ma. Cristina A. Roque while Mr. Saturnino H. Mejia is the CEO (General Manager).
Notes
29.a Does the GOCC have orientation programs for new Directors?
Standard
Since NDC Board of Directors are EX-OFFICIO, all matters concerning the board such as orientation programmes are done during the scheduled board meetings.
Notes
29.b Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs?
Standard
YES. Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, their professional education programmes are administered by their respective agency/department.
Fit and Proper Rule – All members of the Board, the GM, and other Officers of NDC including Appointive Directors in Subsidiaries and Affiliates shall be qualified by the Fit and Proper rule adopted by the GCG in consultation and coordination with the DTI to which NDC is attached, and approved by the President and shall include by reference the qualifications expressly provided for in the Charter.
To maintain the quality of management of NDC, the GCG in coordination with the DTI, shall subject to the approval of the President, prescribe, pass upon, and review the qualifications and disqualifications of individuals appointed as Directors, CEO, and other Executive Officers and shall disqualify those found unfit.
In determining whether an individual is fit and proper to hold the position of an Appointive Directors, GM or Executive Officer of NDC due regard shall be given to one’s integrity, experience, education, training and competence.
Chapter III, Section 3.15.4 (c) of the NDC Manual of Corporate Governance states that the Governance Committee shall be responsible for the following:
xxxx
(c) Recommend to the Board regarding the continuing education of Directors, assignment to Board Committees, succession plan for Executive Officers and their remuneration commensurate with corporate and individual performance; and
serve.
xxxx
Chapter X, Section 10.8 of the same Manual states that the Board and Management shall ensure the thorough dissemination of this Code to all employees and third parties and shall enjoin the development of organizational policies and processes consistent with this code.
Chapter X, Section 10.10 of the same Manual provides that NDC shall allocate funds for the conduct of an orientation program to operationalize this Code and for the continued education and training of all officers and employees to ensure compliance with this Code.
Fit and Proper Rule – All members of the Board, the GM, and other Officers of NDC including Appointive Directors in Subsidiaries and Affiliates shall be qualified by the Fit and Proper rule adopted by the GCG in consultation and coordination with the DTI to which NDC is attached, and approved by the President and shall include by reference the qualifications expressly provided for in the Charter.
To maintain the quality of management of NDC, the GCG in coordination with the DTI, shall subject to the approval of the President, prescribe, pass upon, and review the qualifications and disqualifications of individuals appointed as Directors, CEO, and other Executive Officers and shall disqualify those found unfit.
In determining whether an individual is fit and proper to hold the position of an Appointive Directors, GM or Executive Officer of NDC due regard shall be given to one’s integrity, experience, education, training and competence.
Chapter III, Section 3.15.4 (c) of the NDC Manual of Corporate Governance states that the Governance Committee shall be responsible for the following:
xxxx
(c) Recommend to the Board regarding the continuing education of Directors, assignment to Board Committees, succession plan for Executive Officers and their remuneration commensurate with corporate and individual performance; and
serve.
xxxx
Chapter X, Section 10.8 of the same Manual states that the Board and Management shall ensure the thorough dissemination of this Code to all employees and third parties and shall enjoin the development of organizational policies and processes consistent with this code.
Chapter X, Section 10.10 of the same Manual provides that NDC shall allocate funds for the conduct of an orientation program to operationalize this Code and for the continued education and training of all officers and employees to ensure compliance with this Code.
Notes
Manual of Corporate Governance
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
29.c Did all Appointive Directors attend at least 1 training for the calendar year?
Standard
YES, GM Antonilo DC. Mauricio and Director Arsenio M. Bartolome III attended the Finance for Directors scheduled on October 3 and 4, 2024, via Zoom. However, Mr. Bartolome requested to reschedule the 2nd day of his training due to an unforeseen meeting and is scheduled to attend on April 8, 2025.
Notes
30.a Is an annual performance assessment conducted of the Board of Directors?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
30.b Does the GOCC disclose the process followed in conducting the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
30.c Does the GOCC disclose the criteria used in the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
31. Is an annual performance assessment conducted of the Board of Directors Committees?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
4
Standard
IV. Bonus
1. Stakeholder Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
Standard
No, NDC has not yet adopted the GRI standards in its annual report.
Notes
2. Timely release of annual financial report: Is the audited annual financial report/statement released within 30 days upon receipt from COA?
Standard
Notes
5
Standard
V. Penalty
1. Responsibilities of the Board: Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
Standard
No. Board Members of NDC are mostly Ex-Officio.
Notes
2. Responsibilities of the Board: Is there non-compliance with Good Governance Conditions?
Standard
None.
*The compliance with Good Governance conditions is still subject to the evaluation of GCG.
*The compliance with Good Governance conditions is still subject to the evaluation of GCG.
Notes
2023
Standard
Notes
Link
1
Standard
I. Stakeholder's Relationship
1.a Does the GOCC disclose a policy that: Stipulates the existence and scope of its effort to address customer's welfare?
Standard
YES.
Chapter VIII, Section 8.1 of the NDC Manual of Corporate Governance:
This Manual incorporates and formally recognizes NDC’s stakeholders with their respective interests as follows:
8.1.1 The government and the general public - holds government funds in a fiduciary capacity. It is government’s interest that NDC must utilize company resources towards fulfilling its mandate to support the government’s thrust of inclusive growth and economic development.
8.1.2 Business Partners/Private Sector - Business partners want to be assured of returns to their business exposures in NDC. To ensure the same, business partners want NDC to practice and observe efficient investment management, prudent financial and resource management, and effective risk management policies in all its business dealings.
8.1.3 Employees - NDC employees expect NDC to provide them with a conducive working environment, adequate compensation package that is in accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
Chapter VIII, Section 8.2 of the same Manual:
While NDC recognizes and values the interests of each of its stakeholders, the company gives primordial consideration in all its undertakings to the government’s interest above all other factors and parties. NDC exists primarily because it must serve as government’s investment arm.
NDC secondly considers its business partners’ interest in all company dealings. NDC recognizes that the private sector plays a vital role in the company’s operations and business ventures.
Last in the hierarchy is employees’ interest. While being at the lowest echelon, it must be emphasized that NDC highly values its human capital. They form part and parcel to the efficient operations of the company towards its fulfillment of its mandate and in ensuring that NDC serves the interest of its other primary stakeholders-the government and its business partners.
Chapter VIII, Section 8.3 of the same Manual:
The NDC shall recognize the rights of stakeholders, established by law or through mutual agreements, and shall encourage active cooperation with its various stakeholders in the provision of maximized economic and social benefits of its investments and ensuring financial sustainability of its operations. For its part, the NDC shall remain steadfast in its commitment to be equally transparent and consultative to all its stakeholders as embodied in its Vision and Mission Statements.
8.3.1 Duty to be Responsive to Stakeholders - The NDC Board of Directors and Officers accept the position fully aware that he assumes certain responsibilities not only to NDC but also with different constituencies or Stakeholders, who have the right to expect that NDC is being run in a prudent manner and with due regard to the interests of all its Stakeholders as enumerated in Section 8.1:
8.3.2 Communication with Stakeholders - NDC abides by the principle of transparency in government transactions.
It strictly observes the 15-day period mandated by Civil Service Rules within which to address all communications from the public, be it electronically or through traditional means of communication. The company takes pride as well in being an ISO 9001:2008 certified where mandatory turn-around time for all transactions, such as addressing communications from its stakeholders, are strictly adhered to and are well-entrenched in the standard operating instructions (SOIs) of all its work groups.
NDC has also a website in which duly approved company disclosures are announced. Along with this is a web-based system, the Strategic Business Dash Board which enables its stakeholders to have a glimpse of the company’s business portfolio through the web in real time. The dashboard is linked with the NDC website.
NDC’s electronic and interactive citizens charter is also positioned at the company’s lobby for easy and immediate access of company clients. Important company undertakings and milestones are also announced through the same.
8.3.3 System of addressing conflict in the interest of NDC’s stakeholders - The Company follows a Manual of Approvals which defines the limits and powers of the Board of Directors and Management in all company decisions. Big stake projects are usually presented for due consideration of the Board of Directors and are thereafter addressed and implemented by Management.
In case of conflict of interest by its stakeholder, the NDC Board of Directors gives due consideration and weight to each stakeholder’s interest in accordance with the system of hierarchy stated above.
The company as well adheres and adopts the principles embodied in the alternative dispute resolution system to settle disputes between and among its stakeholders.
8.3.4 System of Accounting How NDC has served the Interest of its Stakeholders - NDC takes concerted effort in gathering its stakeholder’s evaluation of the company’s performance relative to serving its stakeholders’ interest. The company implements an annual customer feedback survey through a commissioned third party in order to ensure objectivity in the survey results.
There is as well a Customer Service Index built-in in the company dashboard which aims to gather customer feedback as to the services rendered by NDC to its clients.
Recognition and respect of stakeholders’ rights established by law or through mutual agreements. The State, as the dominant shareholder of NDC controls the decision-making and is in a position to decide to the detriment of the stakeholders. NDC shall establish mechanisms and procedures to protect stakeholder rights. Recognizing the vital contribution of other stakeholders, NDC shall ensure that stakeholders have access to relevant, sufficient and reliable information on a timely and regular basis to be able to exercise their rights and has access to legal redress in the event of their rights are violated
Various Stakeholders - lntegrity and honesty in dealings with customers is necessary for a successful and sustained business relationship. NDC shall operate highly effective and efficient organization, focused on meeting its various stakeholder’s objectives with the aim of providing services, which give fair value and consistent quality, reliability and safety in return for the price, paid for the same.
NDC shall adhere with its Quality Management System enumerating its various standard operating procedures, continuous improvement among others and the skills of the staff, to take best advantage of advances in all aspect.
Chapter VIII, Section 8.9 of the same Manual:
Various Stakeholders - lntegrity and honesty in dealings with customers is necessary for a successful and sustained business relationship. NDC shall operate highly effective and efficient organization, focused on meeting its various stakeholder’s objectives with the aim of providing services, which give fair valueand consistent quality, reliability and safety in return for the price, paid for the same.
NDC shall adhere with its Quality Management System enumerating its various standard operating procedures, continuous improvement among others and the skills of the staff, to take best advantage of advances in all aspect.
Chapter VIII, Section 8.1 of the NDC Manual of Corporate Governance:
This Manual incorporates and formally recognizes NDC’s stakeholders with their respective interests as follows:
8.1.1 The government and the general public - holds government funds in a fiduciary capacity. It is government’s interest that NDC must utilize company resources towards fulfilling its mandate to support the government’s thrust of inclusive growth and economic development.
8.1.2 Business Partners/Private Sector - Business partners want to be assured of returns to their business exposures in NDC. To ensure the same, business partners want NDC to practice and observe efficient investment management, prudent financial and resource management, and effective risk management policies in all its business dealings.
8.1.3 Employees - NDC employees expect NDC to provide them with a conducive working environment, adequate compensation package that is in accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
Chapter VIII, Section 8.2 of the same Manual:
While NDC recognizes and values the interests of each of its stakeholders, the company gives primordial consideration in all its undertakings to the government’s interest above all other factors and parties. NDC exists primarily because it must serve as government’s investment arm.
NDC secondly considers its business partners’ interest in all company dealings. NDC recognizes that the private sector plays a vital role in the company’s operations and business ventures.
Last in the hierarchy is employees’ interest. While being at the lowest echelon, it must be emphasized that NDC highly values its human capital. They form part and parcel to the efficient operations of the company towards its fulfillment of its mandate and in ensuring that NDC serves the interest of its other primary stakeholders-the government and its business partners.
Chapter VIII, Section 8.3 of the same Manual:
The NDC shall recognize the rights of stakeholders, established by law or through mutual agreements, and shall encourage active cooperation with its various stakeholders in the provision of maximized economic and social benefits of its investments and ensuring financial sustainability of its operations. For its part, the NDC shall remain steadfast in its commitment to be equally transparent and consultative to all its stakeholders as embodied in its Vision and Mission Statements.
8.3.1 Duty to be Responsive to Stakeholders - The NDC Board of Directors and Officers accept the position fully aware that he assumes certain responsibilities not only to NDC but also with different constituencies or Stakeholders, who have the right to expect that NDC is being run in a prudent manner and with due regard to the interests of all its Stakeholders as enumerated in Section 8.1:
8.3.2 Communication with Stakeholders - NDC abides by the principle of transparency in government transactions.
It strictly observes the 15-day period mandated by Civil Service Rules within which to address all communications from the public, be it electronically or through traditional means of communication. The company takes pride as well in being an ISO 9001:2008 certified where mandatory turn-around time for all transactions, such as addressing communications from its stakeholders, are strictly adhered to and are well-entrenched in the standard operating instructions (SOIs) of all its work groups.
NDC has also a website in which duly approved company disclosures are announced. Along with this is a web-based system, the Strategic Business Dash Board which enables its stakeholders to have a glimpse of the company’s business portfolio through the web in real time. The dashboard is linked with the NDC website.
NDC’s electronic and interactive citizens charter is also positioned at the company’s lobby for easy and immediate access of company clients. Important company undertakings and milestones are also announced through the same.
8.3.3 System of addressing conflict in the interest of NDC’s stakeholders - The Company follows a Manual of Approvals which defines the limits and powers of the Board of Directors and Management in all company decisions. Big stake projects are usually presented for due consideration of the Board of Directors and are thereafter addressed and implemented by Management.
In case of conflict of interest by its stakeholder, the NDC Board of Directors gives due consideration and weight to each stakeholder’s interest in accordance with the system of hierarchy stated above.
The company as well adheres and adopts the principles embodied in the alternative dispute resolution system to settle disputes between and among its stakeholders.
8.3.4 System of Accounting How NDC has served the Interest of its Stakeholders - NDC takes concerted effort in gathering its stakeholder’s evaluation of the company’s performance relative to serving its stakeholders’ interest. The company implements an annual customer feedback survey through a commissioned third party in order to ensure objectivity in the survey results.
There is as well a Customer Service Index built-in in the company dashboard which aims to gather customer feedback as to the services rendered by NDC to its clients.
Recognition and respect of stakeholders’ rights established by law or through mutual agreements. The State, as the dominant shareholder of NDC controls the decision-making and is in a position to decide to the detriment of the stakeholders. NDC shall establish mechanisms and procedures to protect stakeholder rights. Recognizing the vital contribution of other stakeholders, NDC shall ensure that stakeholders have access to relevant, sufficient and reliable information on a timely and regular basis to be able to exercise their rights and has access to legal redress in the event of their rights are violated
Various Stakeholders - lntegrity and honesty in dealings with customers is necessary for a successful and sustained business relationship. NDC shall operate highly effective and efficient organization, focused on meeting its various stakeholder’s objectives with the aim of providing services, which give fair value and consistent quality, reliability and safety in return for the price, paid for the same.
NDC shall adhere with its Quality Management System enumerating its various standard operating procedures, continuous improvement among others and the skills of the staff, to take best advantage of advances in all aspect.
Chapter VIII, Section 8.9 of the same Manual:
Various Stakeholders - lntegrity and honesty in dealings with customers is necessary for a successful and sustained business relationship. NDC shall operate highly effective and efficient organization, focused on meeting its various stakeholder’s objectives with the aim of providing services, which give fair valueand consistent quality, reliability and safety in return for the price, paid for the same.
NDC shall adhere with its Quality Management System enumerating its various standard operating procedures, continuous improvement among others and the skills of the staff, to take best advantage of advances in all aspect.
Notes
See pages 36 - 39 and 41 - 42 of the NDC Manual of Corporate Governance
Link
1.b Does the GOCC disclose a policy that: Elaborates its efforts to interact with the communities in which they operate?
Standard
YES.
Chapter VIII, Section 8.5 of the NDC Manual of Corporate Governance:
As an integral part of the National Government, NDC is inherently mandated to be socially responsible, to act and operate as good corporate citizens. The Governing Board shall recognize and perform the NDC obligations to the National Government, its major stakeholders, employees, suppliers, customers, and other stakeholders and the communities in which it operates.
The Board shall apply high ethical standards in the organization with checks and balances that will ensure the corporation is protected from deviation from these standards in the course of the interaction of business considerations with political and public policy ones. NDC shall develop an internal code of ethics that would give clear and detailed guidance as to the expected conduct of all employees and disciplinary measures for non-compliance therewith. The internal code of ethics should include guidance on procurement processes, as well as develop specific mechanisms protecting and encouraging stakeholders, and particularly employees, to report on illegal or unethical conduct by corporate officers.
Chapter VIII, Section 8.5 of the NDC Manual of Corporate Governance:
As an integral part of the National Government, NDC is inherently mandated to be socially responsible, to act and operate as good corporate citizens. The Governing Board shall recognize and perform the NDC obligations to the National Government, its major stakeholders, employees, suppliers, customers, and other stakeholders and the communities in which it operates.
The Board shall apply high ethical standards in the organization with checks and balances that will ensure the corporation is protected from deviation from these standards in the course of the interaction of business considerations with political and public policy ones. NDC shall develop an internal code of ethics that would give clear and detailed guidance as to the expected conduct of all employees and disciplinary measures for non-compliance therewith. The internal code of ethics should include guidance on procurement processes, as well as develop specific mechanisms protecting and encouraging stakeholders, and particularly employees, to report on illegal or unethical conduct by corporate officers.
Notes
See page 41 of the NDC Manual of Corporate Governance
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf#page=45
Link
1.c Does the GOCC disclose a policy that: Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
Standard
YES. NDC practices its commitment as a responsible corporate citizen and steward by catalyzing efforts for economic development. These efforts are anchored on three (3) CSR themes: Investing in Development, Capacitating Communities, and Rebuilding Lives.
Chapter VIII, Section 8.12 of the NDC Manual of Corporate Governance:
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations. NDC goal is for it to minimize harmful effects and consider the development and implementation of environmental standards to achieve this to be of great importance. NDC encourages the 3Rs: Reduce, Reuse, and Recycle.
ln the course of the operations of the GOCC, it should identify opportunities to reduce consumption of energy, water, and other natural resources. NDC shall strive to reuse and recycle where possible and dispose of non-recyclable items responsibly, thereby minimizing its impact on the environment. NDC shall adopt simple, environmentally friendly initiatives, to raise awareness among the members of the communities it affects.
Chapter VIII, Section 8.12 of the NDC Manual of Corporate Governance:
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations. NDC goal is for it to minimize harmful effects and consider the development and implementation of environmental standards to achieve this to be of great importance. NDC encourages the 3Rs: Reduce, Reuse, and Recycle.
ln the course of the operations of the GOCC, it should identify opportunities to reduce consumption of energy, water, and other natural resources. NDC shall strive to reuse and recycle where possible and dispose of non-recyclable items responsibly, thereby minimizing its impact on the environment. NDC shall adopt simple, environmentally friendly initiatives, to raise awareness among the members of the communities it affects.
Notes
See page 43 of the NDC Manual of Corporate Governance
Link
2.a Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Customer health and safety)
Standard
YES. NDC's customer is the National Government and its people. It has invested for a Gamma Irradiation Project that decontaminates food products for the safety of food consumers.
Currently, NDC is also exploring the establishment of a Vaccine Manufacturing Facility in the Philippines to ensure self-sufficiency and less reliance on the availability of imported vaccines for various diseases.
NDC Guidelines on Occupational Safety and Health Standards for NDC is aimed at protecting all NDC employees, including job orders, contract of services, individual, and institutional contractors from the dangers of injury, sickness, or death in the workplace through the adoption of safe and healthy working conditions to ensure preservation of human lives and resources and prevent loss/damage of properties.
The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City.
Chapter VIII, Section 8.11 of the NDC Manual of Corporate Governance
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors. NDC shall comply with all relevant local legislations or regulations and best practice guidelines recommended by national health and safety authorities. The staff should be informed regarding the policies and practices of the NDC in order to maintain a healthy, safe, and enjoyable environment.
Currently, NDC is also exploring the establishment of a Vaccine Manufacturing Facility in the Philippines to ensure self-sufficiency and less reliance on the availability of imported vaccines for various diseases.
NDC Guidelines on Occupational Safety and Health Standards for NDC is aimed at protecting all NDC employees, including job orders, contract of services, individual, and institutional contractors from the dangers of injury, sickness, or death in the workplace through the adoption of safe and healthy working conditions to ensure preservation of human lives and resources and prevent loss/damage of properties.
The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City.
Chapter VIII, Section 8.11 of the NDC Manual of Corporate Governance
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors. NDC shall comply with all relevant local legislations or regulations and best practice guidelines recommended by national health and safety authorities. The staff should be informed regarding the policies and practices of the NDC in order to maintain a healthy, safe, and enjoyable environment.
Notes
Our Investments Page
https://www.ndc.gov.ph/our-recent-investments
Guidelines on Occupational Safety and Health Standards:
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
See page 43 of the NDC Manual of Corporate Governance
Annual Report
2023 Annual Report 09232024.pdf (ndc.gov.ph)
Link
2.b Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Interaction with the communities)
Standard
YES. The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City.
It is part of NDC's corporate social responsibility to interact with the communities where it operates. NDC invests in SolX support to the startup community.
NDC signed a P40-million commitment into Davao Thermo Biotech Corporation (DTBC) via an investment agreement.
It is part of NDC's corporate social responsibility to interact with the communities where it operates. NDC invests in SolX support to the startup community.
NDC signed a P40-million commitment into Davao Thermo Biotech Corporation (DTBC) via an investment agreement.
Notes
2.c Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Environmentally-friendly value chain)
Standard
YES. Since the company's main customer is the national government and its people, NDC has a diverse investment portfolio. It has environmentally-friendly investment in the Industry of Renewal Energy such as Hydropower in Rizal, Philippines and Bioenergy in San Carlos, Negros Occidental.
The Rizal Hydropower Plant resumed its operations in December 2, 2022.
Chapter VIII, Section 8.12 of the NDC Manual of Corporate Governance
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations. NDC goal is for it to minimize harmful effects and consider the development and implementation of environmental standards to achieve this to be of great importance. NDC encourages the 3Rs: Reduce, Reuse, and Recycle.
In the course of the operations of the GOCC, it should identify opportunities to reduce consumption of energy, water, and other natural resources. NDC shall strive to reuse and recycle where possible and dispose of non-recyclable items responsibly, thereby minimizing its impact on the environment. NDC shall adopt simple, environmentally friendly initiatives, to raise awareness among the members of the communities it affects.
The Rizal Hydropower Plant resumed its operations in December 2, 2022.
Chapter VIII, Section 8.12 of the NDC Manual of Corporate Governance
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations. NDC goal is for it to minimize harmful effects and consider the development and implementation of environmental standards to achieve this to be of great importance. NDC encourages the 3Rs: Reduce, Reuse, and Recycle.
In the course of the operations of the GOCC, it should identify opportunities to reduce consumption of energy, water, and other natural resources. NDC shall strive to reuse and recycle where possible and dispose of non-recyclable items responsibly, thereby minimizing its impact on the environment. NDC shall adopt simple, environmentally friendly initiatives, to raise awareness among the members of the communities it affects.
Notes
https://www.ndc.gov.ph/our-investments
DTBC
https://www.ndc.gov.ph/latest-updates/ndc-invests-p40m-biodegradable-waste-management-pioneer-dtbc
See page 43 of the NDC Manual of Corporate Governance
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf#page=47
Annual Report
Link
3. Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Standard
YES. The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City.
The NDC Innovation Hub serves as a venue for the capacity building of individuals and businesses.
Chapter X, Section 10.1 of the NDC Manual of Corporate Governance
The essence of corporate governance is transparency, the more transparent the internal workings of NDC are, and the more difficult it will be for the Board and/or Management to mismanage NDC or to misappropriate its assets. It is therefor imperative for NDC to have a timely and accurate disclosure on all material matters regarding NDC, including its financial situation, performance and governance.
Chapter X, Section 10.2.4 of the same Manual
In accordance with Sec. 25 of the Act, NDC shall maintain a website and post therein for unrestricted access
10.2.4 On Governance Matters
xxx
(e) CSR Statement; and
xxx
CSR statement and activities are posted in the website.
The NDC Innovation Hub serves as a venue for the capacity building of individuals and businesses.
Chapter X, Section 10.1 of the NDC Manual of Corporate Governance
The essence of corporate governance is transparency, the more transparent the internal workings of NDC are, and the more difficult it will be for the Board and/or Management to mismanage NDC or to misappropriate its assets. It is therefor imperative for NDC to have a timely and accurate disclosure on all material matters regarding NDC, including its financial situation, performance and governance.
Chapter X, Section 10.2.4 of the same Manual
In accordance with Sec. 25 of the Act, NDC shall maintain a website and post therein for unrestricted access
10.2.4 On Governance Matters
xxx
(e) CSR Statement; and
xxx
CSR statement and activities are posted in the website.
Notes
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
See pages 44 and 46 of the NDC Manual of Corporate Governance
NDC's CSR Statement
https://www.ndc.gov.ph/sites/default/files/documents/updated%20logo%20NDCs%20CSR%20Statement.pdf
See Transparency Seal
Link
4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. Does the GOCC provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?
Standard
YES. Contact details are found on the Contact Us Page.
Public Assistance: info@ndc.gov.ph
NDC Customer Complaints Email: cart.ndc@ndc.gov.ph and customercomplaints@ndc.gov.ph
Whistleblowing Policy: https://www.ndc.gov.ph/sites/default/files/2021-09/NDC%20%E2%80%9CWhistleblowing%20Policy%E2%80%9D%202.pdf
Contact Center ng Bayan: https://www.ndc.gov.ph/sites/default/files/documents/ccb-2021-1-ccb-eodb-merged.pdf
Public Assistance: info@ndc.gov.ph
NDC Customer Complaints Email: cart.ndc@ndc.gov.ph and customercomplaints@ndc.gov.ph
Whistleblowing Policy: https://www.ndc.gov.ph/sites/default/files/2021-09/NDC%20%E2%80%9CWhistleblowing%20Policy%E2%80%9D%202.pdf
Contact Center ng Bayan: https://www.ndc.gov.ph/sites/default/files/documents/ccb-2021-1-ccb-eodb-merged.pdf
Notes
Contact Us Page
https://www.ndc.gov.ph/contact-us
Whistleblowing Policy:
Contact Center ng Bayan:
https://www.ndc.gov.ph/sites/default/files/documents/ccb-2021-1-ccb-eodb-merged.pdf
Link
5.a Performance-enhancing mechanisms for employee participation should be permitted to develop. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
Standard
YES.
Chapter VIII, Section 8.11 of the NDC Manual of Corporate Governance
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors. NDC shall comply with all relevant local legislations or regulations and best practice guidelines recommended by national health and safety authorities. The staff should be informed regarding the policies and practices of the NDC in order to maintain a healthy, safe, and enjoyable environment
Chapter VIII, Section 8.11 of the NDC Manual of Corporate Governance
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors. NDC shall comply with all relevant local legislations or regulations and best practice guidelines recommended by national health and safety authorities. The staff should be informed regarding the policies and practices of the NDC in order to maintain a healthy, safe, and enjoyable environment
Notes
See page 43 of the NDC Manual of Corporate Governance
Link
5.b Does the GOCC publish data relating to health, safety and welfare of its employees?
Standard
YES, see welfare and wellness program page.
Notes
5.c Does the GOCC have training and development programmes for its employees?
Standard
YES.
Chapter VIII, Section 8.1.3 of the NDC Manual of Corporate Governance
NDC employees expect NDC to provide them with a conducive working environment, adequate compensation package that is in accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
Chapter VIII, Section 8.8 of the same Manual
There should be employee development discussions and structured training programs for continuing personal and professional development for employees.
Chapter VIII, Section 8.1.3 of the NDC Manual of Corporate Governance
NDC employees expect NDC to provide them with a conducive working environment, adequate compensation package that is in accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
Chapter VIII, Section 8.8 of the same Manual
There should be employee development discussions and structured training programs for continuing personal and professional development for employees.
Notes
See Trainings and Seminars Page
https://www.ndc.gov.ph/trainingsseminars
See pages 36, 37, and 42 of the NDC Manual of Corporate Governance
Link
5.d Does the GOCC publish data on training and development programs for its employees?
Standard
YES, see trainings and seminars page.
Notes
6.a Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
Standard
YES.
Section 8 of the NDC Whistleblowing Policy:
Procedures in Handling Whistleblowing Reports
a. Filing of Whistleblowing Reports (WR)
a.1 Who may File – Any concerned individual or NDC employee who witnesses or becomes aware of any attempted, ongoing or consummated Reportable Conditions involving any NDC employee may file the WR.
The Whistleblower who files the WR anonymously may choose to provide a manner by which he/she can be contacted without jeopardizing his/her anonymity. Such means shall include, but not limited to using an e-mail, a pre-paid mobile number and the like.
a.2 Where to File – The WR shall be filed with the NDC-WC or through any of the Reporting Channels.
a.3 Form of the WR – The WR must be in writing and shall contain the following:
i. The Respondent must be clearly identified by his/her full name and position;
ii. The specific conditions, actions and/or omissions being complained about, as well as the corresponding laws, rules and regulations allegedly violated;
iii. Documentary and other evidence to support the allegations.
b. Preliminary Evaluation of the WR
b.1 The NDC-WC will make the initial determination of whether or not the information provided may be considered as a Reportable Condition. If the NDC-WC determines that such information does not qualify as a Reportable Condition, the same shall be treated as ordinary complaint which will be acted on accordingly in accordance with applicable NDC policy, or existing rules and regulations.
The NDC-WC reserves the right to disregard WRs that are vague, ambiguous, patently without merit, or are clearly harassment complaint against the Respondent. The NDC-WC shall communicate its initial findings on such WRs to the Whistleblower who will be given the opportunity to substantiate the same, failing to do so, the matters raised in the WRs will be considered closed and terminated.
c. Full Investigation
c.1 If the NDC-WC finds the WR to be sufficient in form and substance, the NDC-WC shall conduct an investigation, part of which will involve informing the Respondent of the allegations against him/her and requiring the Respondent to submit comments within fifteen (15) calendar days from receipt thereof.
The NDC-WC shall furnish the Whistleblower a copy of the comments of the Respondent, and shall give him/her the opportunity to provide more information or controverting evidence within fifteen (15) calendar days from receipt of the copy of the Respondent’s comments. If the Whistleblower submits additional information or evidence, the NDC-WC shall likewise give the Respondent the opportunity to submit rebutting evidence within ten (10) calendar days from receipt thereof.
c.2 If the NDC-WC is satisfied that all the information and evidence necessary for the resolution/decision of the WR are ready on hand, it may proceed to draft the corresponding resolution/decision of the WR and submit its recommendation the General Manager and the NDC Board of Directors.
d. Final action on the NDC-WC’s Report
d.1 In cases of WR filed against NDC employees (other than the members of the Board), the NDC Board of Directors, in consideration of the resolution/decision and/or recommendation of the NDC-WC, may pursue any of the following actions:
i. Dismiss the WR for want of palpable merit;
ii. impose disciplinary action or sanction against the Respondent pursuant to existing rules and regulations;
iii. Indorse to the proper Government Agency, such as the Office of the Ombudsman and/or Civil Service Commission, the pursuit of the criminal and/or administrative processes against the Respondent;
iv. Enjoin the NDC Management to comply with applicable laws or jurisprudence and/or undertake corrective measures to address the matters raised in the WR; and
v. Consider the NDC-WC report closed and terminated if the response of the Respondent is found to be adequate.
d.2 In cases of WRs filed against the members of the NDC Board of Directors, the NDC-WC shall submit its recommendation to the Governance Commission for GOCCs for appropriate action.
Section 8 of the NDC Whistleblowing Policy:
Procedures in Handling Whistleblowing Reports
a. Filing of Whistleblowing Reports (WR)
a.1 Who may File – Any concerned individual or NDC employee who witnesses or becomes aware of any attempted, ongoing or consummated Reportable Conditions involving any NDC employee may file the WR.
The Whistleblower who files the WR anonymously may choose to provide a manner by which he/she can be contacted without jeopardizing his/her anonymity. Such means shall include, but not limited to using an e-mail, a pre-paid mobile number and the like.
a.2 Where to File – The WR shall be filed with the NDC-WC or through any of the Reporting Channels.
a.3 Form of the WR – The WR must be in writing and shall contain the following:
i. The Respondent must be clearly identified by his/her full name and position;
ii. The specific conditions, actions and/or omissions being complained about, as well as the corresponding laws, rules and regulations allegedly violated;
iii. Documentary and other evidence to support the allegations.
b. Preliminary Evaluation of the WR
b.1 The NDC-WC will make the initial determination of whether or not the information provided may be considered as a Reportable Condition. If the NDC-WC determines that such information does not qualify as a Reportable Condition, the same shall be treated as ordinary complaint which will be acted on accordingly in accordance with applicable NDC policy, or existing rules and regulations.
The NDC-WC reserves the right to disregard WRs that are vague, ambiguous, patently without merit, or are clearly harassment complaint against the Respondent. The NDC-WC shall communicate its initial findings on such WRs to the Whistleblower who will be given the opportunity to substantiate the same, failing to do so, the matters raised in the WRs will be considered closed and terminated.
c. Full Investigation
c.1 If the NDC-WC finds the WR to be sufficient in form and substance, the NDC-WC shall conduct an investigation, part of which will involve informing the Respondent of the allegations against him/her and requiring the Respondent to submit comments within fifteen (15) calendar days from receipt thereof.
The NDC-WC shall furnish the Whistleblower a copy of the comments of the Respondent, and shall give him/her the opportunity to provide more information or controverting evidence within fifteen (15) calendar days from receipt of the copy of the Respondent’s comments. If the Whistleblower submits additional information or evidence, the NDC-WC shall likewise give the Respondent the opportunity to submit rebutting evidence within ten (10) calendar days from receipt thereof.
c.2 If the NDC-WC is satisfied that all the information and evidence necessary for the resolution/decision of the WR are ready on hand, it may proceed to draft the corresponding resolution/decision of the WR and submit its recommendation the General Manager and the NDC Board of Directors.
d. Final action on the NDC-WC’s Report
d.1 In cases of WR filed against NDC employees (other than the members of the Board), the NDC Board of Directors, in consideration of the resolution/decision and/or recommendation of the NDC-WC, may pursue any of the following actions:
i. Dismiss the WR for want of palpable merit;
ii. impose disciplinary action or sanction against the Respondent pursuant to existing rules and regulations;
iii. Indorse to the proper Government Agency, such as the Office of the Ombudsman and/or Civil Service Commission, the pursuit of the criminal and/or administrative processes against the Respondent;
iv. Enjoin the NDC Management to comply with applicable laws or jurisprudence and/or undertake corrective measures to address the matters raised in the WR; and
v. Consider the NDC-WC report closed and terminated if the response of the Respondent is found to be adequate.
d.2 In cases of WRs filed against the members of the NDC Board of Directors, the NDC-WC shall submit its recommendation to the Governance Commission for GOCCs for appropriate action.
Notes
See pages 4-6 of NDC's whistleblowing policy:
Link
6.b Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
Standard
YES.
Section 10 of the NDC Whistleblowing Policy:
Protection of a Whistleblower against Retaliation – Retaliatory acts against whistleblower who submits WRs in good faith shall not be tolerated by the NDC which shall extend all possible assistance to the whistleblower under the law and given the circumstances. Such retaliatory acts may include:
a. Discrimination or harassment in the workplace;
b. Demotion;
c. Reduction in salary benefits;
d. Termination of contract;
e. Evident bias in the performance evaluation; and
f. Any acts or threats that adversely affect the rights and interests of the whistleblower
Any whistleblowing report/complaint which is to be heard by the WC shall be with the representation from the registered and sole bargaining agent of rank and file personnel, in case the whistleblower is a rank and file employee; or from the recognized association of managers/executives, in case the whistleblower is an official of the NDC.
The whistleblower if he/she desires may be assisted by a counsel of his/her choice. However, the expenses incidental to the prosecution of his report/complaint should be on his/her sole account and in no case shall be charged to the NDC.
Section 10 of the NDC Whistleblowing Policy:
Protection of a Whistleblower against Retaliation – Retaliatory acts against whistleblower who submits WRs in good faith shall not be tolerated by the NDC which shall extend all possible assistance to the whistleblower under the law and given the circumstances. Such retaliatory acts may include:
a. Discrimination or harassment in the workplace;
b. Demotion;
c. Reduction in salary benefits;
d. Termination of contract;
e. Evident bias in the performance evaluation; and
f. Any acts or threats that adversely affect the rights and interests of the whistleblower
Any whistleblowing report/complaint which is to be heard by the WC shall be with the representation from the registered and sole bargaining agent of rank and file personnel, in case the whistleblower is a rank and file employee; or from the recognized association of managers/executives, in case the whistleblower is an official of the NDC.
The whistleblower if he/she desires may be assisted by a counsel of his/her choice. However, the expenses incidental to the prosecution of his report/complaint should be on his/her sole account and in no case shall be charged to the NDC.
Notes
See pages 6 and 7 of NDC's Whistleblowing Policy
Link
2
Standard
II. Disclosure and Transparency
7.a Does the GOCC's website disclose the following items: Corporate objectives
Standard
YES. NDC's corporate objectives are disclosed in the 2023 Performance Scorecard.
Notes
7.b Does the GOCC's website disclose the following items: Financial performance indicators
Standard
YES.
Notes
7.c Does the GOCC's website disclose the following items: Non-financial performance indicators
Standard
YES. The non-financial strategic measures are disclosed in the 2023 Performance Scorecard.
Notes
7.d Does the GOCC's website disclose the following items: Details of whistle-blowing policy
Standard
YES.
Section 8 of the NDC Whistleblowing Policy
Procedures in Handling Whistleblowing Reports
a. Filing of Whistleblowing Reports (WR)
a.1 Who may File – Any concerned individual or NDC employee who witnesses or becomes aware of any attempted, ongoing or consummated Reportable Conditions involving any NDC employee may file the WR.
The Whistleblower who files the WR anonymously may choose to provide a manner by which he/she can be contacted without jeopardizing his/her anonymity. Such means shall include, but not limited to using an e-mail, a pre-paid mobile number and the like.
a.2 Where to File – The WR shall be filed with the NDC-WC or through any of the Reporting Channels.
a.3 Form of the WR – The WR must be in writing and shall contain the following:
i. The Respondent must be clearly identified by his/her full name and position;
ii. The specific conditions, actions and/or omissions being complained about, as well as the corresponding laws, rules and regulations allegedly violated;
iii. Documentary and other evidence to support the allegations.
b. Preliminary Evaluation of the WR
b.1 The NDC-WC will make the initial determination of whether or not the information provided may be considered as a Reportable Condition. If the NDC-WC determines that such information does not qualify as a Reportable Condition, the same shall be treated as ordinary complaint which will be acted on accordingly in accordance with applicable NDC policy, or existing rules and regulations.
The NDC-WC reserves the right to disregard WRs that are vague, ambiguous, patently without merit, or are clearly harassment complaint against the Respondent. The NDC-WC shall communicate its initial findings on such WRs to the Whistleblower who will be given the opportunity to substantiate the same, failing to do so, the matters raised in the WRs will be considered closed and terminated.
c. Full Investigation
c.1 If the NDC-WC finds the WR to be sufficient in form and substance, the NDC-WC shall conduct an investigation, part of which will involve informing the Respondent of the allegations against him/her and requiring the Respondent to submit comments within fifteen (15) calendar days from receipt thereof.
The NDC-WC shall furnish the Whistleblower a copy of the comments of the Respondent, and shall give him/her the opportunity to provide more information or controverting evidence within fifteen (15) calendar days from receipt of the copy of the Respondent’s comments. If the Whistleblower submits additional information or evidence, the NDC-WC shall likewise give the Respondent the opportunity to submit rebutting evidence within ten (10) calendar days from receipt thereof.
c.2 If the NDC-WC is satisfied that all the information and evidence necessary for the resolution/decision of the WR are ready on hand, it may proceed to draft the corresponding resolution/decision of the WR and submit its recommendation the General Manager and the NDC Board of Directors.
d. Final action on the NDC-WC’s Report
d.1 In cases of WR filed against NDC employees (other than the members of the Board), the NDC Board of Directors, in consideration of the resolution/decision and/or recommendation of the NDC-WC, may pursue any of the following actions:
i. Dismiss the WR for want of palpable merit;
ii. impose disciplinary action or sanction against the Respondent pursuant to existing rules and regulations;
iii. Indorse to the proper Government Agency, such as the Office of the Ombudsman and/or Civil Service Commission, the pursuit of the criminal and/or administrative processes against the Respondent;
iv. Enjoin the NDC Management to comply with applicable laws or jurisprudence and/or undertake corrective measures to address the matters raised in the WR; and
v. Consider the NDC-WC report closed and terminated if the response of the Respondent is found to be adequate.
d.2 In cases of WRs filed against the members of the NDC Board of Directors, the NDC-WC shall submit its recommendation to the Governance Commission for GOCCs for appropriate action.
Section 8 of the NDC Whistleblowing Policy
Procedures in Handling Whistleblowing Reports
a. Filing of Whistleblowing Reports (WR)
a.1 Who may File – Any concerned individual or NDC employee who witnesses or becomes aware of any attempted, ongoing or consummated Reportable Conditions involving any NDC employee may file the WR.
The Whistleblower who files the WR anonymously may choose to provide a manner by which he/she can be contacted without jeopardizing his/her anonymity. Such means shall include, but not limited to using an e-mail, a pre-paid mobile number and the like.
a.2 Where to File – The WR shall be filed with the NDC-WC or through any of the Reporting Channels.
a.3 Form of the WR – The WR must be in writing and shall contain the following:
i. The Respondent must be clearly identified by his/her full name and position;
ii. The specific conditions, actions and/or omissions being complained about, as well as the corresponding laws, rules and regulations allegedly violated;
iii. Documentary and other evidence to support the allegations.
b. Preliminary Evaluation of the WR
b.1 The NDC-WC will make the initial determination of whether or not the information provided may be considered as a Reportable Condition. If the NDC-WC determines that such information does not qualify as a Reportable Condition, the same shall be treated as ordinary complaint which will be acted on accordingly in accordance with applicable NDC policy, or existing rules and regulations.
The NDC-WC reserves the right to disregard WRs that are vague, ambiguous, patently without merit, or are clearly harassment complaint against the Respondent. The NDC-WC shall communicate its initial findings on such WRs to the Whistleblower who will be given the opportunity to substantiate the same, failing to do so, the matters raised in the WRs will be considered closed and terminated.
c. Full Investigation
c.1 If the NDC-WC finds the WR to be sufficient in form and substance, the NDC-WC shall conduct an investigation, part of which will involve informing the Respondent of the allegations against him/her and requiring the Respondent to submit comments within fifteen (15) calendar days from receipt thereof.
The NDC-WC shall furnish the Whistleblower a copy of the comments of the Respondent, and shall give him/her the opportunity to provide more information or controverting evidence within fifteen (15) calendar days from receipt of the copy of the Respondent’s comments. If the Whistleblower submits additional information or evidence, the NDC-WC shall likewise give the Respondent the opportunity to submit rebutting evidence within ten (10) calendar days from receipt thereof.
c.2 If the NDC-WC is satisfied that all the information and evidence necessary for the resolution/decision of the WR are ready on hand, it may proceed to draft the corresponding resolution/decision of the WR and submit its recommendation the General Manager and the NDC Board of Directors.
d. Final action on the NDC-WC’s Report
d.1 In cases of WR filed against NDC employees (other than the members of the Board), the NDC Board of Directors, in consideration of the resolution/decision and/or recommendation of the NDC-WC, may pursue any of the following actions:
i. Dismiss the WR for want of palpable merit;
ii. impose disciplinary action or sanction against the Respondent pursuant to existing rules and regulations;
iii. Indorse to the proper Government Agency, such as the Office of the Ombudsman and/or Civil Service Commission, the pursuit of the criminal and/or administrative processes against the Respondent;
iv. Enjoin the NDC Management to comply with applicable laws or jurisprudence and/or undertake corrective measures to address the matters raised in the WR; and
v. Consider the NDC-WC report closed and terminated if the response of the Respondent is found to be adequate.
d.2 In cases of WRs filed against the members of the NDC Board of Directors, the NDC-WC shall submit its recommendation to the Governance Commission for GOCCs for appropriate action.
Notes
See pages 4-6 of the NDC Whistleblowing Policy
Link
7.e Does the GOCC's website disclose the following items: Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
Standard
YES. The biographical details of the NDC's Board of Directors are disclosed in the Transparency Seal.
Notes
Biographical Details of the NDC Directors
Transparency Seal Page
Link
7.f Does the GOCC's website disclose the following items: Training and/or continuing education programme attended by each director/commissioner
Standard
YES. See link for the trainings of Director Arsenio M. Bartolome III and General Manager Antonilo DC. Mauricio.
Notes
8. Are the annual report downloadable from the GOCC's website?
Standard
YES. The 2023 Annual Report and 2023 Annual Audit Report are posted in the NDC website and can be downloaded by external stakeholders.
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
2023 Annual Report
https://www.ndc.gov.ph/sites/default/files/documents/2023%20Annual%20Report%2009232024.pdf
2023 Annual Audit Report
NDC Annual Audit Report for the Years Ended 12312023 and 2022.pdf
Link
9. Does the GOCC's website contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?
Standard
YES. NDC fully complies with the Code of Corporate Governance.
Notes
10.a Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?
Standard
YES. The Annual Audit Report was received by the Office of the General Manager on June 27, 2024. It was uploaded on the NDC website on July 22, 2024.
Notes
Link
10.b Is the annual report released within 90 days from release of audited financial report?
Standard
YES. The Annual Audit Report was received by the Office of the General Manager on June 27, 2024. The Annual Report was released/uploaded on the NDC website on September 23, 2024.
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
2023 Annual Report
https://www.ndc.gov.ph/sites/default/files/documents/2023%20Annual%20Report%2009232024.pdf
2023 Annual Audit Report
NDC Annual Audit Report for the Years Ended 12312023 and 2022.pdf
Link
10.c Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
Standard
YES. The unaudited Financial Statements for 2023 were presented during the presentation of the NDC's Corporate Operating Budget for 2025 on March 22, 2024.
Further, the Management and the Chairman of the NDC Board signed the Statement of Management Responsibility stating that:
"The Management of NDC is responsible for the preparation and fair representation of the financial statements, including the schedules attached herein, for the years ended December 31, 2022 and 2021, in accordance with the prescribed financial reporting framework indicated therein, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error."
Further, the Management and the Chairman of the NDC Board signed the Statement of Management Responsibility stating that:
"The Management of NDC is responsible for the preparation and fair representation of the financial statements, including the schedules attached herein, for the years ended December 31, 2022 and 2021, in accordance with the prescribed financial reporting framework indicated therein, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error."
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
2023 Annual Audit Report
https://www.ndc.gov.ph/sites/default/files/documents/2023%20Annual%20Report%2009232024.pdf
2023 Annual Audit Report
NDC Annual Audit Report for the Years Ended 12312023 and 2022.pdf
Link
3
Standard
III. Board Responsibility
11.a Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?
Standard
YES. "The 2023 Performance Scorecard which provides for the Strategic Objectives that support the attainment of the Vision was reviewed and approved by the Board on its Board Meeting held on January 11, 2023."
Notes
On Governance Matters
Link
11.b Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
Standard
Yes. Monitor and evaluate on a regular basis the implementation of corporate strategies and policies, business plans and operating budgets, as well as Management's over-all performance to ensure optimum result.
Chapter III, Section 3.3 of the NDC Manual of Corporate Governance
Although the day-to-day management of the affairs of the NDC may be with Management, the Board is, however, responsible for providing policy directions, monitoring and overseeing Management actions, as articulated in PD 1648 and other relevant legislation, rules, and regulations.
Chapter III, Section 3.3 of the NDC Manual of Corporate Governance
Although the day-to-day management of the affairs of the NDC may be with Management, the Board is, however, responsible for providing policy directions, monitoring and overseeing Management actions, as articulated in PD 1648 and other relevant legislation, rules, and regulations.
Notes
See page 9 of the NDC Manual of Corporate Governance
Annual Report
https://www.ndc.gov.ph/philippine-transparency-seal
https://www.ndc.gov.ph/sites/default/files/documents/2023%20Annual%20Report%2009232024.pdf
Link
12. Did the GOCC achieve 90% in the PES?
Standard
Yes.
*The 2023 Performance Scorecard is still subject to GCG evaluation. However, the NDC's self-rating is 100%.
Previous years' validated Performance Scorecards are posted in the NDC website.
*The 2023 Performance Scorecard is still subject to GCG evaluation. However, the NDC's self-rating is 100%.
Previous years' validated Performance Scorecards are posted in the NDC website.
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
Link
13.a Are the details of the code of ethics or conduct disclosed?
Standard
YES. The NDC hereby adopts a “No Gift Policy” in accordance with GCG Memorandum Circular No. 2012-07 – Code of Corporate Governance for GOCCs, and pursuant to the pertinent provisions of Republic Act No. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees”, and Republic Act No. 3019, otherwise known as the “Anti-Graft and Corrupt Practices Act.
Chapter V, Section 5.8 of the NDC Manual of Corporate Governance
NDC adopts a “No Gift Policy”. A Director or Officer shall not solicit, nor accept directly or indirectly, any gift, gratuity, favor, entertainment, loan, or anything of monetary value (“gift”) from any person where such Gift:
5.8.1 Would be illegal or in violation of law;
5.8.2 Is part of an attempt or agreement to do anything in return;
5.8.3 Has a value beyond what is normal and customary in NDC’s business;
5.8.4 Is being made to influence the member of the Board’s or Officer’s actions as such; or
5.8.5 Could create the appearance of a conflict of interest.
Chapter V, Section 5.8 of the NDC Manual of Corporate Governance
NDC adopts a “No Gift Policy”. A Director or Officer shall not solicit, nor accept directly or indirectly, any gift, gratuity, favor, entertainment, loan, or anything of monetary value (“gift”) from any person where such Gift:
5.8.1 Would be illegal or in violation of law;
5.8.2 Is part of an attempt or agreement to do anything in return;
5.8.3 Has a value beyond what is normal and customary in NDC’s business;
5.8.4 Is being made to influence the member of the Board’s or Officer’s actions as such; or
5.8.5 Could create the appearance of a conflict of interest.
Notes
Republic Act 6713
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
NDC's No Gift Policy
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
See page 32 of the NDC Manual of Corporate Governance
Link
13.b Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
Standard
Chapter II, Section 2.3 of the NDC Manual of Corporate Governance
NDC is committed to institutionalize the principles of good corporate governance in the entire organization. The Board of Directors, Management, and Employees of NDC equally commit to the principles contained in this Code and acknowledge that this Code will serve as guide in the achievement of corporate goals.
NDC is committed to institutionalize the principles of good corporate governance in the entire organization. The Board of Directors, Management, and Employees of NDC equally commit to the principles contained in this Code and acknowledge that this Code will serve as guide in the achievement of corporate goals.
Notes
See page 7 of the NDC Manual of Corporate Governance:
Link
13.c Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
Standard
YES
Notes
Republic Act No. 6713
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
Section V of NDC's No Gift Policy
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
Link
14. Does the Board appoint a Nomination Compensation / Remuneration Committee?
Standard
Nomination and Remuneration Committee
Chairman : Mr. Dante O. Tiñga or his alternate
Members : Gov. Eli M. Remolona, Jr. or his alternate
Sec. Raphael Perpetuo M. Lotilla or his alternate
Chairman : Mr. Dante O. Tiñga or his alternate
Members : Gov. Eli M. Remolona, Jr. or his alternate
Sec. Raphael Perpetuo M. Lotilla or his alternate
Notes
15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?
Standard
NO. The Committee has not yet convened since there are no pending actions for discussion by the Committee.
Notes
16. If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?
Standard
Notes
17. Does the Board appoint an Audit Committee?
Standard
Audit and Risk Management Committee
Chairman: Sec. Amenah F. Pangandaman or her alternate
Members: Sec. Benjamin E. Diokno or his alternate
Sec. Maria Antonia Yulo-Loyzaga or her alternate
Chairman: Sec. Amenah F. Pangandaman or her alternate
Members: Sec. Benjamin E. Diokno or his alternate
Sec. Maria Antonia Yulo-Loyzaga or her alternate
Notes
18. If yes, is the report of the Audit Committee publicly disclosed?
Standard
NO.
Notes
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Standard
DBM Sec. Amenah F. Pangandaman and DOF Secretary Benjamin E. Diokno have a background in finance.
Notes
Sec. Amenah F. Pangandaman
https://www.ndc.gov.ph/sites/default/files/documents/Amenah%20F.%20Pangandaman.pdf
Sec. Benjamin E. Diokno
https://www.ndc.gov.ph/sites/default/files/documents/Dr.%20Diokno%20DOF.pdf
See Transparency Seal
Link
20. Did the Audit Committee meet at least four times during the year?
Standard
NO. The Audit and Risk Management Committee scheduled its meeting on August 14, 2023. However, DOF representative is the only present on the said meeting.
Notes
21. Does the Board appoint a Risk Management Committee?
Standard
Audit and Risk Management Committee
Chairman: Sec. Amenah F. Pangandaman or her alternate
Members: Sec. Benjamin E. Diokno or his alternate
Sec. Maria Antonia Yulo-Loyzaga or her alternate
Chairman: Sec. Amenah F. Pangandaman or her alternate
Members: Sec. Benjamin E. Diokno or his alternate
Sec. Maria Antonia Yulo-Loyzaga or her alternate
Notes
22. If yes, is the report on Risk Management Committee publicly disclosed?
Standard
NO.
Notes
23. Does at least one member of the Risk Management Committee have a background in finance and investments?
Standard
DBM Sec. Amenah F. Pangandaman and DOF Secretary Benjamin E. Diokno have a background in finance.
Notes
Sec. Amenah F. Pangandaman
https://www.ndc.gov.ph/sites/default/files/documents/Amenah%20F.%20Pangandaman.pdf
Sec. Benjamin E. Diokno
https://www.ndc.gov.ph/sites/default/files/documents/Dr.%20Diokno%20DOF.pdf
See Transparency Seal
Link
24. a Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
Standard
NO. There were no meetings held at the end of the 1st quarter due to the absence of quorum. However, it was presented during the Board Meeting held on April 27, 2023.
Notes
24.b Does the Board of Directors meet at least monthly?
Standard
There were only seven (7) meetings held.
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
See 2023 NDC Board Attendance
Link
24.c Did the Board of Directors meet on at least 75% on their scheduled meetings?
Standard
YES. See link for the attendance of the Board of Directors.
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
See 2023 NDC Board Attendance
Link
24.d Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Standard
YES. See link for the attendance of the Board of Directors.
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
See 2023 NDC Board Attendance
Link
24.e Did the Board of Directors meet separately at least once during the year without the President/CEO present?
Standard
NO. All board meetings in 2023 were attended by the General Manager.
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
See 2023 NDC Board Attendance
Link
25.a Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
Standard
YES. It is NDC's policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Notes
Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
25.b Is the Board Secretary trained in legal, accountancy or company secretarial practices?
Standard
YES. The NDC Board Secretary and Assistant Board Secretary are lawyers.
Notes
Atty. Rhoel Z. Mabazza - Corporate Secretary
https://www.ndc.gov.ph/sites/default/files/documents/RZM%20WRITE-UP%20WEBSITE.pdf
Atty. Geneflor L. Santiago-Lumbang - Assistant Corporate Secretary
https://www.ndc.gov.ph/sites/default/files/documents/Geneflor%20L.%20Santiago-Lumbang.pdf
Link
26.a Does the company have a separate internal audit function?
Standard
YES. NDC has a separate internal audit office to perform internal audit functions.
Notes
26.b Does the appointment and removal of the internal auditor require the recommendation of the Audit Committee?
Standard
The Audit and Risk Management Committee scheduled its meeting on August 14, 2023. The only item discussed was the audited financial statement since there were no newly appointed internal auditors for the period in review.
Chapter III, Section 3.15.2 of the NDC Manual of Corporate Governance
Chapter III, Section 3.15.2 of the NDC Manual of Corporate Governance
The Audit Committee shall be responsible for the following:
(a) Oversee, monitor, and evaluate the adequacy and effectiveness of NDC’s internal control system, engage and provide oversight of the NDCs internal and external auditors and coordinate with the Commission on Audit (COA);
(b) Review and approve audit scope and frequency, and the annual internal audit plan, quarterly, semi-annual and annual financial statements before submission to the Board, focusing on changes in accounting policies and practices, major judgmental areas, significant adjustments resulting from the audit, going concern assumptions, compliance with accounting standards, and compliance with tax, legal, regulatory and COA requirements.
(c) Receive and review reports of internal and external auditors and regulatory agencies and ensure that Management is taking appropriate and corrective actions, in a timely manner in addressing control and compliance functions with regulatory agencies;
(d) Ensure that internal auditors have free and full access to all NDC’s records, properties and personnel relevant to and required by its functions and that the internal audit activity shall be free from interference in determining its scope, performing its work and communicating its results; and
(e) Develop a transparent financial management system that will ensure the integrity of internal control activities throughout NDC through a procedures and policies handbook that will be used by the entire organization.
Chapter III, Section 3.15.2 of the NDC Manual of Corporate Governance
Chapter III, Section 3.15.2 of the NDC Manual of Corporate Governance
The Audit Committee shall be responsible for the following:
(a) Oversee, monitor, and evaluate the adequacy and effectiveness of NDC’s internal control system, engage and provide oversight of the NDCs internal and external auditors and coordinate with the Commission on Audit (COA);
(b) Review and approve audit scope and frequency, and the annual internal audit plan, quarterly, semi-annual and annual financial statements before submission to the Board, focusing on changes in accounting policies and practices, major judgmental areas, significant adjustments resulting from the audit, going concern assumptions, compliance with accounting standards, and compliance with tax, legal, regulatory and COA requirements.
(c) Receive and review reports of internal and external auditors and regulatory agencies and ensure that Management is taking appropriate and corrective actions, in a timely manner in addressing control and compliance functions with regulatory agencies;
(d) Ensure that internal auditors have free and full access to all NDC’s records, properties and personnel relevant to and required by its functions and that the internal audit activity shall be free from interference in determining its scope, performing its work and communicating its results; and
(e) Develop a transparent financial management system that will ensure the integrity of internal control activities throughout NDC through a procedures and policies handbook that will be used by the entire organization.
Notes
See page 21 of the NDC Manual of Corporate Governance:
Link
27.a Does the company disclose the internal control procedures/risk management systems it has in place?
Standard
The NDC discloses the internal control procedures/risk management systems it has in place.
Notes
Pages 11, 25, 46, 52, and 53 of the NDC Manual of Corporate Governance
Annual Report
https://www.ndc.gov.ph/philippine-transparency-seal
https://www.ndc.gov.ph/sites/default/files/documents/2023%20Annual%20Report%2009232024.pdf
Link
27.b Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Standard
YES.
Notes
Annual Report
https://www.ndc.gov.ph/philippine-transparency-seal
https://www.ndc.gov.ph/sites/default/files/documents/2023%20Annual%20Report%2009232024.pdf
Quality Manual
https://www.ndc.gov.ph/sites/default/files/documents/Scanned%20Documents-merged_0.pdf
Link
27.c Does the company disclose how key risks are managed?
Standard
YES.
Notes
Annual Report
https://www.ndc.gov.ph/philippine-transparency-seal
https://www.ndc.gov.ph/sites/default/files/documents/2023%20Annual%20Report%2009232024.pdf
Quality Manual
https://www.ndc.gov.ph/sites/default/files/documents/Scanned%20Documents-merged_0.pdf
Link
27.d Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
Standard
Notes
28. Do different persons assume the roles of Chairman and CEO?
Standard
The chairman is Sec. Alfredo E. Pascual while Mr. Antonilo DC. Mauiricio is the CEO (General Manager).
Notes
29.a Does the GOCC have orientation programs for new Directors?
Standard
Since NDC Board of Directors are EX-OFFICIO, all matters concerning the board such as orientation programmes are done during the scheduled board meetings.
Notes
29.b Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs?
Standard
YES. Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, their professional education programmes are administered by their respective agency/department.
Fit and Proper Rule – All members of the Board, the GM, and other Officers of NDC including Appointive Directors in Subsidiaries and Affiliates shall be qualified by the Fit and Proper rule adopted by the GCG in consultation and coordination with the DTI to which NDC is attached, and approved by the President and shall include by reference the qualifications expressly provided for in the Charter.
To maintain the quality of management of NDC, the GCG in coordination with the DTI, shall subject to the approval of the President, prescribe, pass upon, and review the qualifications and disqualifications of individuals appointed as Directors, CEO, and other Executive Officers and shall disqualify those found unfit.
In determining whether an individual is fit and proper to hold the position of an Appointive Directors, GM or Executive Officer of NDC due regard shall be given to one’s integrity, experience, education, training and competence.
Chapter III, Section 3.15.4 (c) of the NDC Manual of Corporate Governance states that the Governance Committee shall be responsible for the following:
xxxx
(c) Recommend to the Board regarding the continuing education of Directors, assignment to Board Committees, succession plan for Executive Officers and their remuneration commensurate with corporate and individual performance; and
serve.
xxxx
Chapter X, Section 10.8 of the same Manual states that the Board and Management shall ensure the thorough dissemination of this Code to all employees and third parties and shall enjoin the development of organizational policies and processes consistent with this code.
Chapter X, Section 10.10 of the same Manual provides that NDC shall allocate funds for the conduct of an orientation program to operationalize this Code and for the continued education and training of all officers and employees to ensure compliance with this Code.
Fit and Proper Rule – All members of the Board, the GM, and other Officers of NDC including Appointive Directors in Subsidiaries and Affiliates shall be qualified by the Fit and Proper rule adopted by the GCG in consultation and coordination with the DTI to which NDC is attached, and approved by the President and shall include by reference the qualifications expressly provided for in the Charter.
To maintain the quality of management of NDC, the GCG in coordination with the DTI, shall subject to the approval of the President, prescribe, pass upon, and review the qualifications and disqualifications of individuals appointed as Directors, CEO, and other Executive Officers and shall disqualify those found unfit.
In determining whether an individual is fit and proper to hold the position of an Appointive Directors, GM or Executive Officer of NDC due regard shall be given to one’s integrity, experience, education, training and competence.
Chapter III, Section 3.15.4 (c) of the NDC Manual of Corporate Governance states that the Governance Committee shall be responsible for the following:
xxxx
(c) Recommend to the Board regarding the continuing education of Directors, assignment to Board Committees, succession plan for Executive Officers and their remuneration commensurate with corporate and individual performance; and
serve.
xxxx
Chapter X, Section 10.8 of the same Manual states that the Board and Management shall ensure the thorough dissemination of this Code to all employees and third parties and shall enjoin the development of organizational policies and processes consistent with this code.
Chapter X, Section 10.10 of the same Manual provides that NDC shall allocate funds for the conduct of an orientation program to operationalize this Code and for the continued education and training of all officers and employees to ensure compliance with this Code.
Notes
Manual of Corporate Governance
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
29.c Did all Appointive Directors attend at least 1 training for the calendar year?
Standard
YES. GM Antonilo DC. Mauricio attended the Corporate Governance Orientation Program on September 7, 2023, while Director Arsenio M. Bartolome III attended the same orientation on November 9-10, 2023 via Zoom.
Notes
30.a Is an annual performance assessment conducted of the Board of Directors?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
30.b Does the GOCC disclose the process followed in conducting the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
30.c Does the GOCC disclose the criteria used in the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
31. Is an annual performance assessment conducted of the Board of Directors Committees?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
4
Standard
IV. Bonus
1. Stakeholder Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
Standard
Not Applicable
Notes
2. Timely release of annual financial report: Is the audited annual financial report/statement released within 30 days upon receipt from COA?
Standard
YES. The Annual Audit Report was received by the Office of the General Manager on June 27, 2024. It was uploaded on the NDC website on July 22, 2024.
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
2023 Annual Audit Report
NDC Annual Audit Report for the Years Ended 12312023 and 2022.pdf
Link
5
Standard
V. Penalty
1. Responsibilities of the Board: Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
Standard
No. Board Members of NDC are mostly Ex-Officio.
Notes
2. Responsibilities of the Board: Is there non-compliance with Good Governance Conditions?
Standard
None.
*The compliance with Good Governance conditions is still subject to the evaluation of GCG.
*The compliance with Good Governance conditions is still subject to the evaluation of GCG.
Notes
2022
Standard
Notes
Link
1
Standard
I. Stakeholder's Relationship
1.a Does the GOCC disclose a policy that: Stipulates the existence and scope of its effort to address customer's welfare?
Standard
YES, NDC abides by the principle of transparency in government transactions.
Notes
See pages 36 - 39 and 41 - 42 of the Manual of Corporate Governance
Chapter VIII: 8.1 - 8.3.4, 8.6, and 8.9
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
1.b Does the GOCC disclose a policy that: Elaborates its efforts to interact with the communities in which they operate?
Standard
NDC recognizes the rights of stakeholders established by law or through mutual agreements and encourages active cooperation between the NDC and its stakeholders in creating wealth, jobs, and the sustainability of financially sound corporation
Notes
See pages 39 - 41 of the Manual of Corporate Governance
Chapter VIII: 8.4 and 8.5
Link
1.c Does the GOCC disclose a policy that: Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
Standard
YES, NDC practices its commitment as a responsible corporate citizen and steward by catalyzing efforts for economic development. These efforts are anchored on three (3) CSR themes: Investing in Development, Capacitating Communities and Rebuilding Lives.
Notes
See Page 39 of the Manual of Corporate Governance
Chapter VIII: 8.4
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See NDC's CSR Statement
https://www.ndc.gov.ph/sites/default/files/documents/updated%20logo%20NDCs%20CSR%20Statement.pdf
Link
2.a Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Customer health and safety)
Standard
NDC's customer is the National Government and its people. It has invested for a Gamma Irradiation Project that decontaminates food products for the safety of food consumers. See "Our Investments" navigation menu for details related to the project.
Currently, NDC is also exploring the establishment of a Vaccine Manufacturing Facility in the Philippines to ensure self-sufficiency and less reliance on the availability of imported vaccines for various diseases.
NDC Guidelines on Occupational Safety and Health Standards for NDC is aimed at protecting all NDC employees, including job orders, contract of services, individual, and institutional contractors from the dangers of injury, sickness, or death in the workplace through the adoption of safe and healthy working conditions to ensure preservation of human lives and resources and prevent loss/damage of properties.
The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City. This will augment the existing healthcare facilities in Las Piñas City which will definitely help in controlling the spread of COVID-19 in the locality.
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors.
Currently, NDC is also exploring the establishment of a Vaccine Manufacturing Facility in the Philippines to ensure self-sufficiency and less reliance on the availability of imported vaccines for various diseases.
NDC Guidelines on Occupational Safety and Health Standards for NDC is aimed at protecting all NDC employees, including job orders, contract of services, individual, and institutional contractors from the dangers of injury, sickness, or death in the workplace through the adoption of safe and healthy working conditions to ensure preservation of human lives and resources and prevent loss/damage of properties.
The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City. This will augment the existing healthcare facilities in Las Piñas City which will definitely help in controlling the spread of COVID-19 in the locality.
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors.
Notes
Our Investments Page:
For the Gamma Irradiation Project-
https://www.ndc.gov.ph/our-investments
For the Vaccine Manufacturing Facility Project
https://www.ndc.gov.ph/our-recent-investments
Guidelines on Occupational Safety and Health Standards:
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
See Page 43 of the Manual of Corporate Governance:
Chapter VIII: 8.11
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
2.b Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Interaction with the communities)
Standard
Yes. On August 3, 2022, a “Bagsakan sa Salcedo Project” was held in Jaime Velasquez Park, Salcedo Village. Food items and other locally manufactured products were sold at discounted prices.
The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City. This will augment the existing healthcare facilities in Las Piñas City which will definitely help in controlling the spread of COVID-19 in the locality.
The NDC also partnered with the SPDA for benchmarking of ISO Best Practices.
It is part of NDC's corporate social responsibility to interact with the communities where it operates."
The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City. This will augment the existing healthcare facilities in Las Piñas City which will definitely help in controlling the spread of COVID-19 in the locality.
The NDC also partnered with the SPDA for benchmarking of ISO Best Practices.
It is part of NDC's corporate social responsibility to interact with the communities where it operates."
Notes
2.c Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Environmentally-friendly value chain)
Standard
Since the company's main customer is the national government and its people, NDC has a diverse investment portfolio. It has environmentally-friendly investment in the Industry of Renewal Energy such as Hydropower in Rizal, Philippines and Bioenergy in San Carlos, Negros Occidental.
The Rizal Hydropower Plant resumed its operations in December 2, 2022. See "Our Investments" navigation menu for details.
GE was also required to complete the demolition, excavation and all remediation obligations for the site located at P. Domingo Street, Barangay Carmona, Makati City to ensure that the materials will not the the environment and the surrounding communities.
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations.
The Rizal Hydropower Plant resumed its operations in December 2, 2022. See "Our Investments" navigation menu for details.
GE was also required to complete the demolition, excavation and all remediation obligations for the site located at P. Domingo Street, Barangay Carmona, Makati City to ensure that the materials will not the the environment and the surrounding communities.
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations.
Notes
https://www.ndc.gov.ph/our-investments
See Page 43 of the Manual of Corporate Governance:
Chapter 8.12
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
3. Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Standard
On August 3, 2022, a “Bagsakan sa Salcedo Project” was held in Jaime Velasquez Park, Salcedo Village. Food items and other locally manufactured products were sold at discounted prices.
The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City. This will augment the existing healthcare facilities in Las Piñas City which will definitely help in controlling the spread of COVID-19 in the locality.
The NDC also partnered with the SPDA for benchmarking of ISO Best Practices.
CSR Statement and activities are posted in the website.
The DPWH in partnership with City of Las Piñas and in coordination with NDC built a Ligtas III, COVID-19 Quarantine Isolation Facility at the GYREI-owned property in Las Piñas City. This will augment the existing healthcare facilities in Las Piñas City which will definitely help in controlling the spread of COVID-19 in the locality.
The NDC also partnered with the SPDA for benchmarking of ISO Best Practices.
CSR Statement and activities are posted in the website.
Notes
4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. Does the GOCC provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?
Standard
YES. Contact details are found on the Contact Us Page
Notes
Contact Us Page
https://www.ndc.gov.ph/contact-us
Whistleblowing Policy:
Contact Center ng Bayan:
https://www.ndc.gov.ph/sites/default/files/documents/ccb-2021-1-ccb-eodb-merged.pdf
NDC Customer Complaints Email:
Link
5.a Performance-enhancing mechanisms for employee participation should be permitted to develop. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
Standard
YES, NDC shall ensure a safe and healthy working environment for all its employees, outside contractors and visitors. NDC shall comply with all relevant local legislations or regulations and best practice guidelines recommended by national health and safety authorities.
Notes
See Page 43 of the Manual of Corporate Governance
Chapter VIII: 8.11
.https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
5.b Does the GOCC publish data relating to health, safety and welfare of its employees?
Standard
YES, see welfare and wellness program page.
Notes
5.c Does the GOCC have training and development programmes for its employees?
Standard
YES. NDC employees expect NDC to provide them with a conducive working environment, adequate compensation package that is in accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
Notes
See Trainings and Seminars Page
https://www.ndc.gov.ph/trainingsseminars
See Page 42 of the Manual of Corporate Governance:
Chapter VIII: 8.8
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
5.d Does the GOCC publish data on training and development programs for its employees?
Standard
YES, see trainings and seminars page
Notes
6.a Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
Standard
YES
Notes
See Section 7 and 8, pages 4-6 of NDC's whistleblowing policy:
Link
6.b Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
Standard
YES
Notes
See Section 10, page 6 of NDC's whistleblowing policy:
Link
2
Standard
II. Disclosure and Transparency
7.a Does the GOCC's website disclose the following items: Corporate objectives
Standard
YES
Notes
7.b Does the GOCC's website disclose the following items: Financial performance indicators
Standard
YES
Notes
7.c Does the GOCC's website disclose the following items: Non-financial performance indicators
Standard
YES
Notes
7.d Does the GOCC's website disclose the following items: Details of whistle-blowing policy
Standard
Stated in the Section 8 of the NDC Whistleblowing Policy are the Procedures in Handling Whistleblowing Reports.
Notes
Section 8, pages 4-6 of the Whistleblowing Policy:
Link
7.e Does the GOCC's website disclose the following items: Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
Standard
YES
Notes
Biographical Details of the NDC Directors:
Transparency Seal Page:
Link
7.f Does the GOCC's website disclose the following items: Training and/or continuing education programme attended by each director/commissioner
Standard
YES. See link for the trainings of the appointive directors Mr. Felicisimo Nacino Jr., who resigned in December 2022, and General Manager Ma. Lourdes Rebueno, who retired in May 2022.
Notes
8. Are the annual report downloadable from the GOCC's website?
Standard
YES. The 2022 Annual Report and 2022 Annual Audit Report are posted in the NDC website and can be downloaded by external stakeholders.
Notes
Link
9. Does the GOCC's website contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?
Standard
YES
Notes
See pages 6-7 of the Manual on Corporate Governance
Link
10.a Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?
Standard
YES. The Annual Audit Report was received by the Office of the General Manager on June 23, 2023. It was uploaded on the NDC website on July 31, 2023.
Notes
10.b Is the annual report released within 90 days from release of audited financial report?
Standard
Yes. The Annual Audit Report was received by the Office of the General Manager on June 23, 2023. The Annual Report was released/uploaded on the NDC website on September 28, 2023.
Notes
https://www.ndc.gov.ph/philippine-transparency-seal
2022 Annual Report
2022 Annual Audit Report
https://www.ndc.gov.ph/sites/default/files/documents/5.3%20Audited%20Financial%20Statements%20December%2031%2C%202022_removed.pdf
Link
10.c Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
Standard
YES. The Annual Audit Report was reviewed by the General Manager and the Board of Directors. It was presented during the July 21, 2023 Regular Meeting of NDC Board of Directors
"The Management of NDC is responsible for the preparation and fair representation of the financial statements, including the schedules attached herein, for the years ended December 31, 2022 and 2021, in accordance with the prescribed financial reporting framework indicated therein, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error."
"The Management of NDC is responsible for the preparation and fair representation of the financial statements, including the schedules attached herein, for the years ended December 31, 2022 and 2021, in accordance with the prescribed financial reporting framework indicated therein, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatements, whether due to fraud or error."
Notes
See Transparency Seal:
https://www.ndc.gov.ph/philippine-transparency-seal
See page 11-14 of the 2022 Annual Audit Report
Link
3
Standard
III. Board Responsibility
11.a Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?
Standard
Yes. Please see Statement of Management's Responsibility in the Annual Audit Report
Notes
11.b Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
Standard
Yes. Monitor and evaluate on a regular basis the implementation of corporate strategies and policies, business plans and operating budgets, as well as Management's over-all performance to ensure optimum result.
*** NDC 2022 Annual Report is yet to be finalized, pending the release of the Audited Financial Statement.
*** NDC 2022 Annual Report is yet to be finalized, pending the release of the Audited Financial Statement.
Notes
Section 3.3 Mandate and Responsibility for NDC's Performance on Manual on Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Annual Report:
https://www.ndc.gov.ph/philippine-transparency-seal
Link
12. Did the GOCC achieve 90% in the PES?
Standard
*The 2022 Performance Scorecard is still subject to GCG evaluation.
Notes
13.a Are the details of the code of ethics or conduct disclosed?
Standard
YES. NDC adopts a “No Gift Policy”. A Director or Officer shall not solicit, nor accept directly or indirectly, any gift, gratuity, favor, entertainment, loan or anything of monetary value (“gift”) from any person where such Gift:
The National Development Company (NDC) hereby adopts a “No Gift Policy” in accordance with GCG Memorandum Circular No. 2012-07 – Code of Corporate Governance for GOCCs, and pursuant to the pertinent provisions of Republic Act No. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees”, and Republic Act No. 3019, otherwise known as the “Anti-Graft and Corrupt Practices Act
The National Development Company (NDC) hereby adopts a “No Gift Policy” in accordance with GCG Memorandum Circular No. 2012-07 – Code of Corporate Governance for GOCCs, and pursuant to the pertinent provisions of Republic Act No. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees”, and Republic Act No. 3019, otherwise known as the “Anti-Graft and Corrupt Practices Act
Notes
RA6713:
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
Section 5.8 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
NDC's No Gift Policy:
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
Link
13.b Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
Standard
The Board of Directors, Management and Employees of NDC equally commit to the principles contained in the Manual of Corporate Governance.
Notes
See Section 2.3 Commitment to institutionalize the principles of corporate governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
13.c Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
Standard
YES
Notes
RA6713:
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
Section V. of NDC's No Gift Policy:
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
Link
14. Does the Board appoint a Nomination Compensation / Remuneration Committee?
Standard
The new composition of the Nomination and Remuneration Committee has yet to be approved by the NDC Board.
Previous members are:
Chairman : Mr. Alberto G. Romulo or his alternate
Members : Sec. Alfonso G. Cusi or his alternate
Mr. Felicisimo M. Nacino, Jr.
*** NDC 2022 GCIS is yet to be finalized, pending the release of the Audited Financial Statement.
Previous members are:
Chairman : Mr. Alberto G. Romulo or his alternate
Members : Sec. Alfonso G. Cusi or his alternate
Mr. Felicisimo M. Nacino, Jr.
*** NDC 2022 GCIS is yet to be finalized, pending the release of the Audited Financial Statement.
Notes
See Section 3.15 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?
Standard
YES. The previous committee had its meetings in 2022.
Notes
Link
16. If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?
Standard
Reports of the remuneration committee are not publicly disclosed.
Notes
17. Does the Board appoint an Audit Committee?
Standard
The new composition of the Nomination and Remuneration Committee has yet to be approved by the NDC Board.
Previous members are:
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
OIC Tina Rose Marie L. Canda
DG Chuchi G. Fonacier
*** NDC 2022 GCIS is yet to be finalized, pending the release of the Audited Financial Statement
Previous members are:
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
OIC Tina Rose Marie L. Canda
DG Chuchi G. Fonacier
*** NDC 2022 GCIS is yet to be finalized, pending the release of the Audited Financial Statement
Notes
See Section 3.15, page 19 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
GCIS:
https://www.ndc.gov.ph/philippine-transparency-seal
Link
18. If yes, is the report of the Audit Committee publicly disclosed?
Standard
Reports of the Audit committee are not publicly disclosed.
Notes
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Standard
The new composition of the Nomination and Remuneration Committee has yet to be approved by the NDC Board.
Previous Chair Secretary Carlos G. Dominguez III, DOF has background on finance.
Previous Chair Secretary Carlos G. Dominguez III, DOF has background on finance.
Notes
20. Did the Audit Committee meet at least four times during the year?
Standard
The previous committee had its meetings in 2022.
Notes
See Transparency Seal
Link
21. Does the Board appoint a Risk Management Committee?
Standard
The new composition of the Nomination and Remuneration Committee has yet to be approved by the NDC Board.
Previous members are:
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
OIC Tina Rose Marie L. Canda
DG Chuchi G. Fonacier
*** NDC 2022 GCIS is yet to be finalized, pending the release of the Audited Financial Statement.
Previous members are:
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
OIC Tina Rose Marie L. Canda
DG Chuchi G. Fonacier
*** NDC 2022 GCIS is yet to be finalized, pending the release of the Audited Financial Statement.
Notes
See Section 3.15 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
22. If yes, is the report on Risk Management Committee publicly disclosed?
Standard
Reports of the Risk Management are not publicly disclosed.
Notes
23. Does at least one member of the Risk Management Committee have a background in finance and investments?
Standard
The new composition of the Nomination and Remuneration Committee has yet to be approved by the NDC Board.
Previous Chair Secretary Carlos G. Dominguez III, DOF has background on finance.
Previous Chair Secretary Carlos G. Dominguez III, DOF has background on finance.
Notes
24. a Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
Standard
YES. Board meeting in 2022 was conducted in March 2022.
Notes
Link
24.b Does the Board of Directors meet at least monthly?
Standard
NO, since most of the NDC Board of Directors are Ex-Officio.
Notes
See Transparency Seal
Link
24.c Did the Board of Directors meet on at least 75% on their scheduled meetings?
Standard
YES. See link for the attendance of the Board of Directors.
Notes
Link
24.d Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Standard
See link for the attendance of the Board of Directors.
*** Due to the change in administration, only two (2) board meetings were conducted during the 2nd half of the year (November and December 2022) in addition to the March 2022 board meeting.
*** Due to the change in administration, only two (2) board meetings were conducted during the 2nd half of the year (November and December 2022) in addition to the March 2022 board meeting.
Notes
Link
24.e Did the Board of Directors meet separately at least once during the year without the President/CEO present?
Standard
See link for the attendance of the Board of Directors.
*** All board meetings in 2022 were attended by the General Manager (Head of NDC). See attendance.
*** All board meetings in 2022 were attended by the General Manager (Head of NDC). See attendance.
Notes
See Transparency Seal
Link
25.a Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
Standard
YES. It is NDC's policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Notes
Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
25.b Is the Board Secretary trained in legal, accountancy or company secretarial practices?
Standard
Yes,' NDC's Board Secretary is a lawyer. See resume of Board Secretary
Notes
26.a Does the company have a separate internal audit function?
Standard
Yes, NDC has a separate internal audit office to perform internal audit functions. See link for the organizational structure of the company
Notes
26.b Does the appointment and removal of the internal auditor require the recommendation of the Audit Committee?
Standard
The previous Internal Auditor transferred to another government agency, hence there was no recorded removal.
There are no newly appointed internal auditors for the period in review.
There are no newly appointed internal auditors for the period in review.
Notes
See Section 3.15.2, page 21 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
27.a Does the company disclose the internal control procedures/risk management systems it has in place?
Standard
See reference link for the Risk Mitigation Plan
*** NDC 2022 Annual Report is yet to be finalized, pending the release of the Audited Financial Statement.
*** NDC 2022 Annual Report is yet to be finalized, pending the release of the Audited Financial Statement.
Notes
27.b Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Standard
YES. *** NDC 2022 Annual Report is yet to be finalized, pending the release of the Audited Financial Statement.
Notes
Link
27.c Does the company disclose how key risks are managed?
Standard
YES. See reference link for the Risk Mitigation Plan
Notes
27.d Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
Standard
YES
*** NDC 2022 Annual Report is yet to be finalized, pending the release of the Audited Financial Statement.
*** NDC 2022 Annual Report is yet to be finalized, pending the release of the Audited Financial Statement.
Notes
Link
28. Do different persons assume the roles of Chairman and CEO?
Standard
The chairman is Sec. Alfredo E. Pascual while Mr. Antonilo DC. Mauiricio is the CEO (General Manager).
See Key Officials page
See Key Officials page
Notes
29.a Does the GOCC have orientation programs for new Directors?
Standard
Since NDC Board of Directors are EX-OFFICIO, all matters concerning the board such as orientation programmes are done during the scheduled board meetings.
Notes
29.b Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, their professional education programmes are administered by their respective agency/department.
Notes
Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
29.c Did all Appointive Directors attend at least 1 training for the calendar year?
Standard
YES
Notes
30.a Is an annual performance assessment conducted of the Board of Directors?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
See Section 3.17 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
30.b Does the GOCC disclose the process followed in conducting the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
See Section 3.17 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
30.c Does the GOCC disclose the criteria used in the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
See Section 3.17 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
31. Is an annual performance assessment conducted of the Board of Directors Committees?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
*** NDC has drafted the Board Appraisal Guidelines which is still for approval.
Notes
See Section 3.17 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
4
Standard
IV. Bonus
1. Stakeholder Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
Standard
Not Applicable
Notes
2. Timely release of annual financial report: Is the audited annual financial report/statement released within 30 days upon receipt from COA?
Standard
No. The Annual Audit Report was received by the Office of the General Manager on June 23, 2023. It was uploaded on the NDC website on July 31, 2023.
Notes
Link
5
Standard
V. Penalty
1. Responsibilities of the Board: Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
Standard
No. Board Members of NDC are mostly Ex-Officio.
Notes
2. Responsibilities of the Board: Is there non-compliance with Good Governance Conditions?
Standard
*The compliance with Good Governance conditions is still subject to the evaluation of GCG.
Notes
2021
Standard
Notes
Link
1
Standard
I. Stakeholder's Relationship
1.a Does the GOCC disclose a policy that: Stipulates the existence and scope of its effort to address customer's welfare?
Standard
YES, NDC abides by the principle of transparency in government transactions.
Notes
See Page 38 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
1.b Does the GOCC disclose a policy that: Elaborates its efforts to interact with the communities in which they operate?
Standard
YES, NDC recognizes the rights of stakeholders established by law or through mutual agreements and encourage active cooperation between the NDC and its stakeholders in creating wealth, jobs and the sustainability of financially sound corporation
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
Notes
See Page 36-37 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See Page 38-39 of the 2021 Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
Membership in Barangay Bel-Air COVID- 19 Quick Response Group (Interaction with the Community):
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
Link
1.c Does the GOCC disclose a policy that: Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
Standard
YES, NDC practices its commitment as a responsible corporate citizen and steward by catalyzing efforts for economic development. These efforts are anchored on three (3) CSR themes: Investing in Development, Capacitating Communities and Rebuilding Lives.
Notes
See Page 39 of the Manual of Corporate Governance
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See NDC's CSR Statement
https://www.ndc.gov.ph/sites/default/files/documents/updated%20logo%20NDCs%20CSR%20Statement.pdf
Link
2.a Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Customer health and safety)
Standard
NDC's customer is the National Government and its people. It has invested for a Gamma Irradiation Project that decontaminates food products for the safety of food consumers. See "Our Investments" navigation menu for details related to the project
NDC Guidelines on Occupational Safety and Health Standards for NDC is aimed at protecting all NDC employees, including job orders, contract of services, individual, and institutional contractors from the dangers of injury, sickness, or death in the workplace through the adoption of safe and healthy working conditions to ensure preservation of human lives and resources and prevent loss/damage of properties.
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors.
NDC Guidelines on Occupational Safety and Health Standards for NDC is aimed at protecting all NDC employees, including job orders, contract of services, individual, and institutional contractors from the dangers of injury, sickness, or death in the workplace through the adoption of safe and healthy working conditions to ensure preservation of human lives and resources and prevent loss/damage of properties.
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors, and visitors.
Notes
Our Investments Page:
https://www.ndc.gov.ph/our-investments
Guidelines on Occupational Safety and Health Standards:
See Page 43 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
2.b Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Interaction with the communities)
Standard
Yes. It is part of NDC's corporate social responsibility to interact with the communities where it operates.
Notes
2.c Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Environmentally-friendly value chain)
Standard
Since the company's main customer is the national government and its people, NDC has a diverse investment portfolio. It has environmentally-friendly investment in the Industry of Renewal Energy such as Hydropower in Rizal, Philippines and Bioenergy in San Carlos, Negros Occidental. See "Our Investments" navigation menu for details.
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations
Notes
https://www.ndc.gov.ph/our-investments
See Page 43 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
3. Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Standard
YES
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
Notes
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
NDC's CSR Statement
https://www.ndc.gov.ph/sites/default/files/documents/updated%20logo%20NDCs%20CSR%20Statement.pdf
See Page 32-34 of the 2021 Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
Link
4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. Does the GOCC provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?
Standard
YES
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
Notes
Contact Us Page
https://www.ndc.gov.ph/contact-us
Whistleblowing Policy:
Contact Center ng Bayan:
https://www.ndc.gov.ph/sites/default/files/documents/ccb-2021-1-ccb-eodb-merged.pdf
NDC Customer Complaints Email:
2021 Annual Report
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
Link
5.a Performance-enhancing mechanisms for employee participation should be permitted to develop. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
Standard
YES, NDC shall ensure a safe and healthy working environment for all its employees, outside contractors and visitors. NDC shall comply with all relevant local legislations or regulations and best practice guidelines recommended by national health and safety authorities.
Notes
See Page 43 of the Manual of Corporate Governance
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
5.b Does the GOCC publish data relating to health, safety and welfare of its employees?
Standard
YES, see welfare and wellness program page.
Notes
5.c Does the GOCC have training and development programmes for its employees?
Standard
YES
NDC employees expect NDC to provide them with a conducive working environment, adequate compensation package that is in accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
NDC employees expect NDC to provide them with a conducive working environment, adequate compensation package that is in accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
Notes
See Trainings and Seminars Page
https://www.ndc.gov.ph/trainingsseminars
See Page 36 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
5.d Does the GOCC publish data on training and development programs for its employees?
Standard
YES, see trainings and seminars page
Notes
6.a Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
Standard
YES
Notes
See Section 7 and 8 of NDC's whistleblowing policy:
Link
6.b Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
Standard
YES
Notes
See Section 10 of NDC's whistleblowing policy:
Link
2
Standard
II. Disclosure and Transparency
7.a Does the GOCC's website disclose the following items: Corporate objectives
Standard
YES
Notes
7.b Does the GOCC's website disclose the following items: Financial performance indicators
Standard
YES
Notes
7.c Does the GOCC's website disclose the following items: Non-financial performance indicators
Standard
YES
Notes
7.d Does the GOCC's website disclose the following items: Details of whistle-blowing policy
Standard
Stated in the Section 8 of the NDC Whistleblowing Policy are the Procedures in Handling Whistleblowing Reports.
Notes
Section 8 of the Whistleblowing Policy:
Link
7.e Does the GOCC's website disclose the following items: Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
Standard
YES
Notes
Biographical Details of the NDC Directors:
Transparency Seal Page:
Link
7.f Does the GOCC's website disclose the following items: Training and/or continuing education programme attended by each director/commissioner
Standard
YES
Notes
8. Are the annual report downloadable from the GOCC's website?
Standard
YES, see Transparency Seal for the 2021 Annual Report and 2021 Annual Audit Report
Notes
https://www.ndc.gov.ph/philippine-transparency-seal
2021 Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
2021 Annual Audit Report
Link
9. Does the GOCC's website contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?
Standard
YES
Notes
10.a Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?
Standard
YES. The Annual Audit Report was received by the Office of the Assistant General Manager for Corporate Support Group / OIC - General Manager on June 16, 2022. It was uploaded on the NDC website on July 4, 2022.
Notes
2021 Annual Audit Report
See Page 42 of the 2021 Annual Report
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
Link
10.b Is the annual report released within 90 days from release of audited financial report?
Standard
No. The Annual Audit Report was received by the Office of the Assistant General Manager for Corporate Support Group / OIC - General Manager on June 16, 2022. The Annual Report was released/uploaded on the NDC website on September 30, 2022.
Notes
https://www.ndc.gov.ph/philippine-transparency-seal
2021 Annual Report
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
2021 Annual Audit Report
Link
10.c Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
Standard
YES. The Annual Audit Report was reviewed by the OIC-General Manager and Chairman of the Board of Directors.
Notes
See Transparency Seal:
https://www.ndc.gov.ph/philippine-transparency-seal
2021 Annual Audit Report
See Page 42 of the 2021 Annual Report
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
Link
3
Standard
III. Board Responsibility
11.a Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?
Standard
The NDC 2021 Performance Scorecard was presented and was approved by the NDC Board of Directors in one of its meetings.
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
Notes
11.b Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
Standard
Monitor and evaluate on a regular basis the implementation of corporate strategies and policies, business plans and operating budgets, as well as Management's over-all performance to ensure optimum result.
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
Notes
Section 3.3 Mandate and Responsibility for NDC's Performance on Manual on Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
2021 Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
Link
12. Did the GOCC achieve 90% in the PES?
Standard
The 2021 Performance Scorecard is still subject to GCG evaluation.
Notes
13.a Are the details of the code of ethics or conduct disclosed?
Standard
YES
NDC adopts a “No Gift Policy”. A Director or Officer shall not solicit, nor accept directly or indirectly, any gift, gratuity, favor, entertainment, loan or anything of monetary value (“gift”) from any person where such Gift:
The National Development Company (NDC) hereby adopts a “No Gift Policy” in accordance with GCG Memorandum Circular No. 2012-07 – Code of Corporate Governance for GOCCs, and pursuant to the pertinent provisions of Republic Act No. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees”, and Republic Act No. 3019, otherwise known as the “Anti-Graft and Corrupt Practices Act.
NDC adopts a “No Gift Policy”. A Director or Officer shall not solicit, nor accept directly or indirectly, any gift, gratuity, favor, entertainment, loan or anything of monetary value (“gift”) from any person where such Gift:
The National Development Company (NDC) hereby adopts a “No Gift Policy” in accordance with GCG Memorandum Circular No. 2012-07 – Code of Corporate Governance for GOCCs, and pursuant to the pertinent provisions of Republic Act No. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees”, and Republic Act No. 3019, otherwise known as the “Anti-Graft and Corrupt Practices Act.
Notes
RA6713:
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
Section 5.8 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
NDC's No Gift Policy:
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
Link
13.b Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
Standard
The Board of Directors, Management and Employees of NDC equally commit to the principles contained in the Manual of Corporate Governance.
Notes
See Section 2.3 Commitment to institutionalize the principles of corporate governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
13.c Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
Standard
YES
Notes
RA6713:
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
Section V. of NDC's No Gift Policy:
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
Link
14. Does the Board appoint a Nomination Compensation / Remuneration Committee?
Standard
The Nomination and Remuneration Committee consists of the following Directors:
Chairman : Mr. Alberto G. Romulo or his alternate
Members : Sec. Alfonso G. Cusi or his alternate
Mr. Felicisimo M. Nacino, Jr.
*** NDC 2021 GCIS is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
Chairman : Mr. Alberto G. Romulo or his alternate
Members : Sec. Alfonso G. Cusi or his alternate
Mr. Felicisimo M. Nacino, Jr.
*** NDC 2021 GCIS is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
Notes
See Section 3.15 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See Page 8 of GCIS 2021:
Link
15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?
Standard
YES
Notes
16. If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?
Standard
Reports of the remuneration committee are not publicly disclosed.
Notes
17. Does the Board appoint an Audit Committee?
Standard
YES. The Audit and Risk Management Committee consists of the following Directors:
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
OIC Tina Rose Marie L. Canda
DG Chuchi G. Fonacier
*** NDC 2021 GCIS is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
OIC Tina Rose Marie L. Canda
DG Chuchi G. Fonacier
*** NDC 2021 GCIS is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
Notes
See Section 3.15 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See Page 8 of GCIS 2021:
Link
18. If yes, is the report of the Audit Committee publicly disclosed?
Standard
Reports of the Audit committee are not publicly disclosed.
Notes
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Standard
Yes, Secretary Carlos G. Dominguez III, DOF
Notes
20. Did the Audit Committee meet at least four times during the year?
Standard
Notes
21. Does the Board appoint a Risk Management Committee?
Standard
YES. The Audit and Risk Management Committee consists of the following Directors:
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
OIC Tina Rose Marie L. Canda
DG Chuchi G. Fonacier
*** NDC 2021 GCIS is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
OIC Tina Rose Marie L. Canda
DG Chuchi G. Fonacier
*** NDC 2021 GCIS is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
Notes
See Section 3.15 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See Page 8 of GCIS 2021:
Link
22. If yes, is the report on Risk Management Committee publicly disclosed?
Standard
Reports of the Risk Management are not publicly disclosed.
Notes
23. Does at least one member of the Risk Management Committee have a background in finance and investments?
Standard
YES, Secretary Carlos G. Dominguez III, DOF
Notes
24. a Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
Standard
YES
Notes
2021:
https://www.ndc.gov.ph/sites/default/files/documents/NDC%202021%20Board%20Meeting.pdf
2019: https://www.ndc.gov.ph//sites/default/files/documents/2019%20BOD%20ATTENDANCE_1.pdf
2018: https://www.ndc.gov.ph/sites/default/files/documents/Attendance%202018.pdf
2017: https://www.ndc.gov.ph/sites/default/files/documents/Board%20Attendance%202017.pdf
Link
24.b Does the Board of Directors meet at least monthly?
Standard
NO, since most of the NDC Board of Directors are Ex-Officio.
Notes
24.c Did the Board of Directors meet on at least 75% on their scheduled meetings?
Standard
YES
Notes
2021:
https://www.ndc.gov.ph/sites/default/files/documents/NDC%202021%20Board%20Meeting.pdf
2019: https://www.ndc.gov.ph//sites/default/files/documents/2019%20BOD%20ATTENDANCE_1.pdf
2018: https://www.ndc.gov.ph/sites/default/files/documents/Attendance%202018.pdf
2017: https://www.ndc.gov.ph/sites/default/files/documents/Board%20Attendance%202017.pdf
Link
24.d Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Standard
Notes
24.e Did the Board of Directors meet separately at least once during the year without the President/CEO present?
Standard
NO
Notes
25.a Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
Standard
YES. It is NDC's policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Notes
Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
25.b Is the Board Secretary trained in legal, accountancy or company secretarial practices?
Standard
Yes,' NDC's Board Secretary is a lawyer. See resume of Board Secretary
Notes
26.a Does the company have a separate internal audit function?
Standard
Yes, the company has a Management Audit Officer that works as an internal audit function. See link for the Organizational Structure of the company.
Notes
26.b Does the appointment and removal of the internal auditor require the recommendation of the Audit Committee?
Standard
Notes
27.a Does the company disclose the internal control procedures/risk management systems it has in place?
Standard
YES
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
__________________________________
Updated as of September 30, 2022
Notes
27.b Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Standard
YES
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
Notes
See Page 40 of the 2021 Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
Link
27.c Does the company disclose how key risks are managed?
Standard
YES
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
_________________________________
Updated as of September 30, 2022
Notes
27.d Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
Standard
YES
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
---------------------------
Updated as of September 30, 2022
*** NDC 2021 Annual Report is yet to be published, pending release of the Audited Financial Statement.
---------------------------
Updated as of September 30, 2022
Notes
See Page 40 of the 2021 Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
Link
28. Do different persons assume the roles of Chairman and CEO?
Standard
YES, the chairman is Sec. Ramon Lopez while Ms. Ma. Lourdes F. Rebueno is the CEO (General Manager)
See Key Officials Page.
See Key Officials Page.
Notes
29.a Does the GOCC have orientation programs for new Directors?
Standard
Since NDC Board of Directors are EX-OFFICIO, all matters concerning the board such as orientation programmes are done during the scheduled board meetings.
Notes
Brief Presentation about NDC for new Directors:
https://www.ndc.gov.ph/sites/default/files/documents/3.%20Brief%20Presentation%20About%20NDC.pdf
Link
29.b Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, their professional education programmes are administered by their respective agency/department.
Notes
Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
29.c Did all Appointive Directors attend at least 1 training for the calendar year?
Standard
YES
Notes
List of Trainings of Appointive Directors
Link
30.a Is an annual performance assessment conducted of the Board of Directors?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
Notes
See Section 3.17 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
30.b Does the GOCC disclose the process followed in conducting the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
Notes
See Section 3.17 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
30.c Does the GOCC disclose the criteria used in the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
Notes
See Section 3.17 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
31. Is an annual performance assessment conducted of the Board of Directors Committees?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
Notes
See Section 3.17 of the Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
4
Standard
IV. Bonus
1. Stakeholder Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
Standard
Notes
2. Timely release of annual financial report: Is the audited annual financial report/statement released within 30 days upon receipt from COA?
Standard
YES. The Annual Audit Report was received by the Office of the Assistant General Manager for Corporate Support Group / OIC - General Manager on June 16, 2022. It was uploaded on the NDC website on July 4, 2022.
Notes
See Transparency Seal
https://www.ndc.gov.ph/philippine-transparency-seal
2021 Annual Audit Report
See Page 42 of the 2021 Annual Report
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202021.pdf
Link
5
Standard
V. Penalty
1. Responsibilities of the Board: Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
Standard
Board Members of NDC are mostly Ex-Officio.
Notes
2. Responsibilities of the Board: Is there non-compliance with Good Governance Conditions?
Standard
Notes
2020
Standard
Notes
Link
1
Standard
I. Stakeholder's Relationship
1.a Does the GOCC disclose a policy that: Stipulates the existence and scope of its effort to address customer's welfare?
Standard
YES, NDC abides by the principle of transparency in government transactions.
Notes
See Page 38 on Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
1.b Does the GOCC disclose a policy that: Elaborates its efforts to interact with the communities in which they operate?
Standard
YES, NDC recognizes the rights of stakeholders established by law or
through mutual agreements and encourage active cooperation
between the NDC and its stakeholders in creating wealth, jobs and the
sustainability of financially sound corporation
through mutual agreements and encourage active cooperation
between the NDC and its stakeholders in creating wealth, jobs and the
sustainability of financially sound corporation
Notes
See Page 36-37 on Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See Page 46 on Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202020.pdf
Link
1.c Does the GOCC disclose a policy that: Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
Standard
YES, NDC practices its commitment as a responsible corporate citizen and steward by catalyzing efforts for economic development. These efforts are anchored on three (3) CSR themes: Investing in Development, Capacitating
Communities and Rebuilding Lives.
Communities and Rebuilding Lives.
Notes
See Page 39 on Manual of Corporate Governance
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See NDC's CSR Statement
https://www.ndc.gov.ph/sites/default/files/documents/updated%20logo%20NDCs%20CSR%20Statement.pdf
Link
2.a Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Customer health and safety)
Standard
NDC's customer is the National Government and its people. It has invested for a Gamma Irradiation Project that decontaminates food products for the safety of food consumers. See "Our Investments" navigation menu for details related to the project
NDC Guidelines on Occupational Safety and Health Standards for NDC is aimed
at protecting all NDC employees, including job orders, contract of services,
individual and institutional contractors from the dangers of injury, sickness or death in the workplace through the adoption of safe and healthy working conditions to ensure preservation of human lives and resources and prevent loss/damage of properties.
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors and visitors.
NDC Guidelines on Occupational Safety and Health Standards for NDC is aimed
at protecting all NDC employees, including job orders, contract of services,
individual and institutional contractors from the dangers of injury, sickness or death in the workplace through the adoption of safe and healthy working conditions to ensure preservation of human lives and resources and prevent loss/damage of properties.
NDC shall ensure a safe and healthy working environment for all its employees, outside contractors and visitors.
Notes
Our Investments Page:
https://www.ndc.gov.ph/our-investments
Guidelines on Occupational Safety and Health Standards:
See Page 43 on Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
2.b Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Interaction with the communities)
Standard
Yes, It is part of NDC's corporate social responsibility to interact with the communities where it operates.
Notes
2.c Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Environmentally-friendly value chain)
Standard
Since the company's main customer is the national government and its people, NDC has a diverse investment portfolio. It has environmentally-friendly investment in the Industry of Renewal Energy such as Hydropower in Rizal, Philippines and Bioenergy in San Carlos, Negros Occidental. See "Our Investments" navigation menu for details.
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations
NDC acknowledges that there are inevitable environmental impacts associated with its daily operations
Notes
https://www.ndc.gov.ph/our-investments
See Page 43 on Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
3. Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Standard
YES
Notes
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
NDC's CSR Statement
https://www.ndc.gov.ph/sites/default/files/documents/updated%20logo%20NDCs%20CSR%20Statement.pdf
See Page 41-43 on Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202020.pdf
Link
4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. Does the GOCC provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?
Standard
YES
Notes
Contact Us Page
https://www.ndc.gov.ph/contact-us
Whistleblowing Policy:
Contact Center ng Bayan:
https://www.ndc.gov.ph/sites/default/files/documents/ccb-2021-1-ccb-eodb-merged.pdf
NDC Customer Complaints Email:
Link
5.a Performance-enhancing mechanisms for employee participation should be permitted to develop. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
Standard
YES, NDC shall ensure a safe and healthy working environment for all its employees, outside contractors and visitors. NDC shall comply with all relevant local legislations or regulations and best practice guidelines recommended by national health and safety authorities.
Notes
See Page 43 on Manual of Corporate Governance
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
5.b Does the GOCC publish data relating to health, safety and welfare of its employees?
Standard
YES, see welfare and wellness program page.
Notes
5.c Does the GOCC have training and development programmes for its employees?
Standard
YES
NDC employees expect NDC to provide them with a conducive
working environment, adequate compensation package that is in
accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
NDC employees expect NDC to provide them with a conducive
working environment, adequate compensation package that is in
accordance to the GCG Compensation and Position Classification System as well as opportunities for trainings to enhance their professional development.
Notes
See Trainings and Seminars Page
https://www.ndc.gov.ph/trainingsseminars
See Page 36 on Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
5.d Does the GOCC publish data on training and development programms for its employees?
Standard
YES, see trainings and seminars page
Notes
6.a Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
Standard
YES
Notes
See Section 7 and 8 of NDC's whistleblowing policy:
Link
6.b Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
Standard
YES
Notes
See Section 10 of NDC's whistleblowing policy:
Link
2
Standard
II. Disclosure and Transparency
7.a Does the GOCC's website disclose the following items: Corporate objectives
Standard
YES
Notes
7.b Does the GOCC's website disclose the following items: Financial performance indicators
Standard
YES
Notes
7.c Does the GOCC's website disclose the following items: Non-financial performance indicators
Standard
YES
Notes
7.d Does the GOCC's website disclose the following items: Details of whistle-blowing policy
Standard
Stated in the Section 8 of the NDC Whistleblowing Policy are the Procedures in Handling Whistleblowing Reports.
Notes
Section 8 on Whistleblowing Policy:
Link
7.e Does the GOCC's website disclose the following items: Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
Standard
YES
Notes
Biographical Details of the NDC Directors:
https://www.ndc.gov.ph/sites/default/files/documents/Board%20Biographical%20Details.pdf
Transparency Seal Page:
Link
7.f Does the GOCC's website disclose the following items: Training and/or continuing education programme attended by each director/commissioner
Standard
YES
Notes
8. Are the annual reports downloadable from the GOCC's website?
Standard
YES, see Transparency Seal for the NDC Annual Records
Notes
9. Does the GOCC's website contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?
Standard
YES
Notes
See Page 6-7 of the Manual on Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
10.a Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?
Standard
YES. upon receipt by the Office of the General Manager, audited annual financial reports/statements are posted in the NDC website.
Notes
10.b Is the annual report released within 90 days from release of audited financial report?
Standard
YES, See Transparency Seal page
Notes
10.c Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
Standard
YES, annual financial report is reviewed by the General Manager and Chairman of the Board of Directors.
Notes
SEE Transparency Seal:
https://www.ndc.gov.ph/philippine-transparency-seal
COA Annual Audit Report
https://www.ndc.gov.ph/sites/default/files/documents/01-NDC2020_Transmittal_Letters-merged.pdf
See Page 60 on Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202020.pdf
Link
3
Standard
III. Board Responsibility
11.a Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?
Standard
The NDC Recalibrated 2020 Performance Scorecard was presented and was approved by the NDC Board of Directors in one of its meetings.
Notes
See Page 20 on Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202020.pdf
Link
11.b Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
Standard
Monitor and evaluate on a regular basis the implementation of corporate strategies and policies, business plans and operating budgets, as well as Management's over-all performance to ensure optimum result.
Notes
Section 3.3 Mandate and Responsibility for NDC's Performance on Manual on Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202020.pdf
Link
12. Did the GOCC achieve 90% in the PES?
Standard
YES
Notes
13.a Are the details of the code of ethics or conduct disclosed?
Standard
YES
NDC adopts a “No Gift Policy”. A Director or Officer
shall not solicit, nor accept directly or indirectly, any gift, gratuity,
favor, entertainment, loan or anything of monetary value (“gift”)
from any person where such Gift:
The National Development Company (NDC) hereby adopts a “No Gift Policy” in
accordance with GCG Memorandum Circular No. 2012-07 – Code of Corporate
Governance for GOCCs, and pursuant to the pertinent provisions of Republic ActNo. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees”, and Republic Act No. 3019, otherwise known as the “Anti-Graft and Corrupt Practices Act.
NDC adopts a “No Gift Policy”. A Director or Officer
shall not solicit, nor accept directly or indirectly, any gift, gratuity,
favor, entertainment, loan or anything of monetary value (“gift”)
from any person where such Gift:
The National Development Company (NDC) hereby adopts a “No Gift Policy” in
accordance with GCG Memorandum Circular No. 2012-07 – Code of Corporate
Governance for GOCCs, and pursuant to the pertinent provisions of Republic ActNo. 6713, otherwise known as the “Code of Conduct and Ethical Standards for Public Officials and Employees”, and Republic Act No. 3019, otherwise known as the “Anti-Graft and Corrupt Practices Act.
Notes
RA6713:
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
Section 5.8 of Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
NDC's No Gift Policy:
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
Link
13.b Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
Standard
The Board of Directors, Management and Employees of NDC equally commit to the principles contained in the Manual of Corporate Governance.
Notes
See Section 2.3 Commitment to institutionalize the principles of corporate governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
13.c Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
Standard
YES
Notes
RA6713:
https://www.ndc.gov.ph/sites/default/files/documents/RA6713.pdf
Section V. of NDC's No Gift Policy:
https://www.ndc.gov.ph/sites/default/files/documents/NO%20GIFT%20POLICY%20(1).pdf
Link
14. Does the Board appoint a Nomination Compensation / Remuneration Committee?
Standard
The Nomination and Remuneration Committee consists of the following Directors:
Chairman : Mr. Alberto G. Romulo or his alternate
Members : Sec. Alfonso G. Cusi or his alternate
Mr. Felicisimo M. Nacino, Jr.
Chairman : Mr. Alberto G. Romulo or his alternate
Members : Sec. Alfonso G. Cusi or his alternate
Mr. Felicisimo M. Nacino, Jr.
Notes
See Section 3.15 of the Manual on Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See Page 8 of GCIS 2020:
Link
15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?
Standard
YES
Notes
16. If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?
Standard
Reports of the remuneration committee are not publicly disclosed.
Notes
17. Does the Board appoint an Audit Committee?
Standard
YES. The Audit and Risk Management Committee consists of the following Directors:
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
Usec. Tina Rose Marie L. Canda or Dir. Carmencita P. Mahinay
DG Chuchi G. Fonacier
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
Usec. Tina Rose Marie L. Canda or Dir. Carmencita P. Mahinay
DG Chuchi G. Fonacier
Notes
See Section 3.15 of the Manual on Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See Page 8 of GCIS 2020:
Link
18. If yes, is the report of the Audit Committee publicly disclosed?
Standard
Reports of the Audit committee are not publicly disclosed.
Notes
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Standard
Yes, Secretary Carlos G. Dominguez, DOF
Notes
20. Did the Audit Committee meet at least four times during the year?
Standard
Notes
21. Does the Board appoint a Risk Management Committee?
Standard
YES. The Audit and Risk Management Committee consists of the following Directors:
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
Usec. Tina Rose Marie L. Canda or Dir. Carmencita P. Mahinay
DG Chuchi G. Fonacier
Chairman:
Sec. Carlos G. Dominguez III or his alternate
Members:
Usec. Tina Rose Marie L. Canda or Dir. Carmencita P. Mahinay
DG Chuchi G. Fonacier
Notes
See Section 3.15 of the Manual on Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
See Page 8 of GCIS 2020:
Link
22. If yes, is the report on Risk Management Committee publicly disclosed?
Standard
Reports of the Risk Management are not publicly disclosed.
Notes
23. Does at least one member of the Risk Management Committee have a background in finance and investments?
Standard
YES, Secretary Carlos G. Dominguez, DOF
Notes
24. a Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
Standard
YES
Notes
24.b Does the Board of Directors meet at least monthly?
Standard
NO, since most of the NDC Board of Directors are Ex-Officio.
Notes
24.c Did the Board of Directors meet on at least 75% on their scheduled meetings?
Standard
YES
Notes
24.d Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Standard
Notes
24.e Did the Board of Directors meet separately at least once during the year without the President/CEO present?
Standard
NO
Notes
25.a Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
Standard
YES, It is NDC's policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Notes
Manual on Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
25.b Is the Board Secretary trained in legal, accountancy or company secretarial practices?
Standard
Yes,' NDC's Board Secretary is a lawyer. See resume of Board Secretary
Notes
26.a Does the company have a separate internal audit function?
Standard
Yes, the company has a Management Audit Officer that works as an internal audit function. See link for the Organizational Structure of the company.
Notes
26.b Does the appointment and removal of the internal auditor require the recommendation of the Audit Committee?
Standard
Notes
27.a Does the company disclose the internal control procedures/risk management systems it has in place?
Standard
YES
Notes
27.b Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Standard
YES
Notes
See Page 48 on Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202020.pdf
Link
27.c Does the company disclose how key risks are managed?
Standard
YES
Notes
27.d Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
Standard
YES
Notes
See Page 48 on Annual Report:
https://www.ndc.gov.ph/sites/default/files/documents/Annual%20Report%20CY%202020.pdf
Link
28. Do different persons assume the roles of Chairman and CEO?
Standard
YES, the chairman is Sec. Ramon Lopez while Ms. Ma. Lourdes F. Rebueno is the CEO(General Manager)
See Key Officials Page.
See Key Officials Page.
Notes
29.a Does the GOCC have orientation programs for new Directors?
Standard
Since NDC Board of Directors are EX-OFFICIO, all matters concerning the board such as orientation programmes are done during the scheduled board meetings.
Notes
Brief Presentation about NDC for new Directors:
https://www.ndc.gov.ph/sites/default/files/documents/3.%20Brief%20Presentation%20About%20NDC.pdf
Link
29.b Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, their professional education programmes are administered by their respective agency/department.
Notes
Manual on Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
29.c Did all Appointive Directors attend at least 1 training for the calendar year?
Standard
Only GM Rebueno had attended a training for 2020.
Notes
List of Trainings of Appointive Directors
Link
30.a Is an annual performance assessment conducted of the Board of Directors?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
Notes
See Section 3.17 of the on Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
30.b Does the GOCC disclose the process followed in conducting the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
Notes
See Section 3.17 of the on Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
30.c Does the GOCC disclose the criteria used in the Board assessment?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
Notes
See Section 3.17 of the on Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
31. Is an annual performance assessment conducted of the Board of Directors Committees?
Standard
NDC shall develop a systematic evaluation process for the Board assessment.
Notes
See Section 3.17 of the on Manual of Corporate Governance:
https://www.ndc.gov.ph/sites/default/files/documents/APPROVED_MANUAL_OF_CORPORATE_GOVERNANCE_0.pdf
Link
4
Standard
IV. Bonus
1. Stakeholder Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
Standard
Notes
2. Timely release of annual financial report: Is the audited annual financial report/statement released within 30 days upon receipt from COA?
Standard
YES. upon receipt by the Office of the General Manager, audited annual financial reports/statements are posted in the ndc website.
Notes
5
Standard
V. Penalty
1. Responsibilities of the Board: Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
Standard
Board Members of NDC are mostly Ex-Officio.
Notes
2. Responsibilities of the Board: Is there non-compliance with Good Governance Conditions?
Standard
Notes
2019
Standard
Notes
Link
1
Standard
Does the GOCC disclose a policy that:
Stipulates the existence and scope of its effort to address customer's welfare?
Standard
YES, annual welfare activities for employees and outreach program for areas where the company conducts business.
Notes
Link for welfare and wellness activity records:
https://www.ndc.gov.ph/employee-welfare-and-wellness-program-cy-2019-2020
Link for outreach program activities:
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
Link
Elaborates its efforts to interact with the communities in which they operate?
Standard
YES, it is part of NDC's corporate social responsibility to interact with the communities where it operates or has established an investment.
Notes
Link for outreach program activities:
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
Link
Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
Standard
It is NDC's mandate to pursue, may on its own, or in joint venture with the private sector to undertake vital and sustainable projects to support the national economy. NDC has investments in the Industry of Renewal Energy such as Hydropower in Rizal and Bioenergy in San Carlos, Negros Occidental. See "Our Investments" navigation menu for details.
Notes
2
Standard
Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
Notes
YES, since it is NDC's mandate to work on sustainable projects that supports the national economy.
Customer health and safety
Standard
NDC's customer is the National Government and its people. It has invested for a Gamma Irradiation Project that decontaminates food products for the safety of food consumers. See "Our Investments" navigation menu for details related to the project
Notes
Interaction with the communities
Standard
Yes, It is part of NDC's corporate social responsibility to interact with the communities where it operates.
Notes
Environmentally-friendly value chain
Standard
Since the company's main customer is the national government and its people, NDC has a diverse investment portfolio. It has environmentally-friendly investment in the Industry of Renewal Energy such as Hydropower in Rizal, Philippines and Bioenergy in San Carlos, Negros Occidental. See "Our Investments" navigation menu for details.
Notes
3
Standard
Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Notes
YES
4
Standard
Where stakeholders interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights
Does the GOCC provide contact details via the company's website or Annual Report ' which stakeholders ( e.g. customers, suppliers, general public, etc.) can use to voice their concerns and/or complaints for possible violation of their rights?
Standard
YES, it is under CONTACT US navigation menu.
Notes
5
Standard
Performance-enhancing mechanisms for employee participation should be permitted to develop.
Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
Standard
YES
Notes
Does the GOCC publish data relating to health, safety and welfare of its employees?
Standard
YES
Notes
Does the GOCC have training and development programmes for its employees?
Standard
See Summary of External Training Attended
Notes
Does the GOCC publish data on training and development programs for its employees?
Standard
YES
Notes
6
Standard
Stakeholders including individual employee and their representative bodies should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this.
Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
Standard
See Section 5 of NDC's whistleblowing policy
Notes
Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
Standard
See Section 10 of NDC's whistleblowing policy
Notes
7
Standard
Quality of the Annual Report. Does the GOCC's AR disclose the following items:
Corporate Objectives
Standard
Notes
Financial performance indicators
Standard
YES, see Transparency Seal-General Records
Notes
Non-financial performance indicators
Standard
YES, see Transparency Seal-General Records
Notes
Details of whistleblowing policy
Standard
YES, see Transparency Seal-General Records
Notes
Biographical details (at least age, qualification, date of first appointment, relevant experiences and any other directorships of listed companies) of directors/commissioners
Standard
YES, see Transparency Seal-General Records
Notes
Training and/or continuing education programme attended by each director/commissioner
Standard
Notes
8
Standard
Is the Annual Report downloadable from the GOCC website?
Notes
YES, see Transparency Seal for the NDC Annual Records
9
Standard
Corporate Governance Confirmation Statement
Does the Annual Report contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?
Standard
Notes
10
Standard
Timely filing/release of annual/financial reports
Are the audited annual financial report/statement released within 60 days upon receipt from COA?
Standard
Yes, see Transparency Seal-General Records section of the NDC website.
Notes
Is the annual report released within 90 days from release of audited financial report?
Standard
YES, See Transparency Seal page
Notes
https://www.ndc.gov.ph/philippine-transparency-seal
Link
Is the true and fairness/fair presentation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
Standard
Yes, annual financial report is reviewed by the General Manager and Chairman of the Board of Directors.
Notes
https://www.ndc.gov.ph/philippine-transparency-seal
Link
11
Standard
Corporate Vision/Mission
Has the Board of Directors reviewed the vision and mission/strategy in the last financial year?
Standard
Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
Notes
12
Standard
Code of ethics or conduct
Are the details of the code of ethics or conduct disclosed?
Standard
Notes
Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
Standard
Notes
Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
Standard
Notes
13
Standard
Does the Board appoint a Nomination Compensation/Renumeration Committee?
Notes
YES
14
Standard
Does the Board appoint a Risk Management Committee?'If yes, is the report on Risk Management Committee publicly disclosed?
Notes
YES, however reports of the Risk Management are not publicly disclosed.
15
Standard
Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?''If yes, is the report of the Nomination Compensation/Renumeration Committee publicly disclosed?
Notes
YES, however reports of the remuneration committee are not publicly disclosed.
16
Standard
Does the Board appoint an Audit Committee? If yes, is the report of the Audit Committee publicly disclosed?
Notes
YES, however reports of the audit committee are not publicly disclosed.
17
Standard
Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Notes
Yes, Secretary Carlos G. Dominguez, DOF
18
Standard
Did the Audit Committee meet at least four times during the year?
19
Standard
Does at least one member of the Risk Management Committee have a background in finance and investments?
Notes
Yes, Secretary Carlos G. Dominguez, DOF
20
Standard
Board meetings and attendance
Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
Standard
YES, see meeting attendance records under transparency seal.
Notes
Does the Board of Directors meet at least monthly?
Standard
NO, since most of the NDC Board of Directors are Ex-Officio.
Notes
Did the Board of Directors meet on at least 75% on their scheduled meetings?
Standard
YES,' see attendance records
Notes
Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Standard
NO, since NDC's board of directors are EX-OFFICIO.
Notes
Did the Board of Directors meet separately at least once during the year without the President/CEO present?
Standard
NO
Notes
21
Standard
Access to information
Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
Standard
It is NDC's policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Notes
Is the Board Secretary trained in legal, accountancy or company secretarial practices?
Standard
Yes,' NDC's Board Secretary is a lawyer. See resume of Board Secretary
Notes
22
Standard
Internal Audit
Does the company have a separate internal audit function?
Standard
Yes, the company has a Management Audit Officer that works as an internal audit function. See link for the Organizational Structure of the company.
Notes
Does the appointment and removal of the internal auditor require the approval of the Audit Committee?
Standard
Notes
23
Standard
Risk Oversight
Does the company disclose the internal control procedures/risk management systems it has in place?
Standard
YES
Notes
Does the Annual Report disclose that the board of Directors/Commissioners have conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Standard
Notes
Does the company disclose how key risks are managed?
Standard
YES
Notes
Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
Standard
Notes
24
Standard
Board Chairman
Do different persons assume the roles of Chairman and CEO?
Standard
YES, the chairman is Sec. Ramon Lopez while Ms. Ma. Lourdes F. Rebueno is the CEO(General Manager)
Notes
25
Standard
Board of Directors Development
Does the GOCC have orientation programmes for new Directors?
Standard
Since NDC Board of Directors are EX-OFFICIO, all matters concerning the board such as orientation programmes are done during the scheduled board meetings.
See Board attendance record under transparency seal section of the website for proof of attendance.
See Board attendance record under transparency seal section of the website for proof of attendance.
Notes
Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programmes?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, their professional education programmes are administered by their respective agency/department.
Notes
Did all Appointive Directors attend at least 1 training for the calendar year?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, they have regular training activities administered by their respective agency/department.
Notes
26
Standard
Board Appraisal
Is an annual performance assessment conducted for the Board of Directors
Standard
Notes
Does the GOCC disclose the process followed in conducting the Board?
Standard
Notes
Does the GOCC disclose the criteria used in the Board assessment?
Standard
Notes
27
Standard
Committee Appraisal
Is an annual performance assessment conducted of the Board of Directors Committees?
Standard
Notes
28
Standard
BONUS
Notes
Stakeholder's Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
29
Standard
Disclosure and Transparency
Are the audited annual financial report/statement released within 30 days upon the receipt from COA?
Standard
YES. upon receipt by the Office of the General Manager, audited annual financial reports/statements are posted in the ndc website.
Notes
30
Standard
PENALTY
31
Standard
Responsibilities of the Board
Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
Standard
Board Members of NDC are mostly Ex-Officio.
Notes
Is there non-compliance with Good Governance Conditions?
Standard
NO
Notes
2018
Standard
Notes
Link
1
Standard
Does the GOCC disclose a policy that:
Stipulates the existence and scope of its effort to address customer's welfare?
Standard
YES, annual welfare activities for employees and outreach program for areas where the company conducts business.
Notes
Link for welfare and wellness activity records:
https://www.ndc.gov.ph/employee-welfare-and-wellness-program-cy-2019-2020
Link for outreach program activities:
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
Link
Elaborates its efforts to interact with the communities in which they operate?
Standard
YES, it is part of NDC's corporate social responsibility to interact with the communities where it operates or has established an investment.
Notes
Link for outreach program activities:
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
Link
Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
Standard
It is NDC's mandate to pursue, may on its own, or in joint venture with the private sector to undertake vital and sustainable projects to support the national economy. NDC has investments in the Industry of Renewal Energy such as Hydropower in Rizal and Bioenergy in San Carlos, Negros Occidental. See "Our Investments" navigation menu for details.
Notes
2
Standard
Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
Notes
YES, since it is NDC's mandate to work on sustainable projects that supports the national economy.
Customer health and safety
Standard
NDC's customer is the National Government and its people. It has invested for a Gamma Irradiation Project that decontaminates food products for the safety of food consumers. See "Our Investments" navigation menu for details related to the project
Notes
Interaction with the communities
Standard
Yes, It is part of NDC's corporate social responsibility to interact with the communities where it operates.
Notes
Environmentally-friendly value chain
Standard
Since the company's main customer is the national government and its people, NDC has a diverse investment portfolio. It has environmentally-friendly investment in the Industry of Renewal Energy such as Hydropower in Rizal, Philippines and Bioenergy in San Carlos, Negros Occidental. See "Our Investments" navigation menu for details.
Notes
3
Standard
Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Notes
YES
4
Standard
Where stakeholders interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights
Does the GOCC provide contact details via the company's website or Annual Report ' which stakeholders ( e.g. customers, suppliers, general public, etc.) can use to voice their concerns and/or complaints for possible violation of their rights?
Standard
YES, it is under CONTACT US navigation menu.
Notes
5
Standard
Performance-enhancing mechanisms for employee participation should be permitted to develop.
Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
Standard
YES
Notes
Does the GOCC publish data relating to health, safety and welfare of its employees?
Standard
YES
Notes
Does the GOCC have training and development programmes for its employees?
Standard
See Summary of External Training Attended
Notes
Does the GOCC publish data on training and development programs for its employees?
Standard
YES
Notes
6
Standard
Stakeholders including individual employee and their representative bodies should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this.
Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
Standard
See Section 5 of NDC's whistleblowing policy
Notes
Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
Standard
See Section 10 of NDC's whistleblowing policy
Notes
7
Standard
Quality of the Annual Report. Does the GOCC's AR disclose the following items:
Corporate Objectives
Standard
Notes
Financial performance indicators
Standard
YES, see Transparency Seal-General Records
Notes
Non-financial performance indicators
Standard
YES, see Transparency Seal-General Records
Notes
Details of whistleblowing policy
Standard
YES, see Transparency Seal-General Records
Notes
Biographical details (at least age, qualification, date of first appointment, relevant experiences and any other directorships of listed companies) of directors/commissioners
Standard
YES, see Transparency Seal-General Records
Notes
Training and/or continuing education programme attended by each director/commissioner
Standard
Notes
8
Standard
Is the Annual Report downloadable from the GOCC website?
Notes
YES, see Transparency Seal for the NDC Annual Records
Link
https://www.ndc.gov.ph/philippine-transparency-seal
9
Standard
Corporate Governance Confirmation Statement
Does the Annual Report contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?
Standard
Notes
10
Standard
Timely filing/release of annual/financial reports
Are the audited annual financial report/statement released within 60 days upon receipt from COA?
Standard
Yes, see Transparency Seal-General Records section of the NDC website.
Notes
Is the annual report released within 90 days from release of audited financial report?
Standard
YES, See Transparency Seal page
Notes
https://www.ndc.gov.ph/philippine-transparency-seal
Link
Is the true and fairness/fair presentation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
Standard
Yes, annual financial report is reviewed by the General Manager and Chairman of the Board of Directors.
Notes
https://www.ndc.gov.ph/philippine-transparency-seal
Link
11
Standard
Corporate Vision/Mission
Has the Board of Directors reviewed the vision and mission/strategy in the last financial year?
Standard
Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
Notes
12
Standard
Code of ethics or conduct
Are the details of the code of ethics or conduct disclosed?
Standard
Notes
Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
Standard
Notes
Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
Standard
Notes
13
Standard
Does the Board appoint a Nomination Compensation/Renumeration Committee?
Notes
YES
14
Standard
Does the Board appoint a Risk Management Committee?'If yes, is the report on Risk Management Committee publicly disclosed?
Notes
YES, however reports of the Risk Management are not publicly disclosed.
15
Standard
Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?''If yes, is the report of the Nomination Compensation/Renumeration Committee publicly disclosed?
Notes
YES, however reports of the remuneration committee are not publicly disclosed.
16
Standard
Does the Board appoint an Audit Committee? If yes, is the report of the Audit Committee publicly disclosed?
Notes
YES, however reports of the audit committee are not publicly disclosed.
17
Standard
Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Notes
Yes, Secretary Carlos G. Dominguez, DOF
18
Standard
Did the Audit Committee meet at least four times during the year?
19
Standard
Does at least one member of the Risk Management Committee have a background in finance and investments?
Notes
Yes, Secretary Carlos G. Dominguez, DOF
20
Standard
Board meetings and attendance
Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
Standard
YES, see meeting attendance records under transparency seal.
Notes
Does the Board of Directors meet at least monthly?
Standard
NO, since most of the NDC Board of Directors are Ex-Officio.
Notes
Did the Board of Directors meet on at least 75% on their scheduled meetings?
Standard
YES,' see attendance records
Notes
Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Standard
NO, since NDC's board of directors are EX-OFFICIO.
Notes
Did the Board of Directors meet separately at least once during the year without the President/CEO present?
Standard
NO
Notes
21
Standard
Access to information
Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
Standard
It is NDC's policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Notes
Is the Board Secretary trained in legal, accountancy or company secretarial practices?
Standard
Yes,' NDC's Board Secretary is a lawyer. See resume of Board Secretary
Notes
22
Standard
Internal Audit
Does the company have a separate internal audit function?
Standard
Yes, the company has a Management Audit Officer that works as an internal audit function. See link for the Organizational Structure of the company.
Notes
Does the appointment and removal of the internal auditor require the approval of the Audit Committee?
Standard
Notes
23
Standard
Risk Oversight
Does the company disclose the internal control procedures/risk management systems it has in place?
Standard
YES
Notes
Does the Annual Report disclose that the board of Directors/Commissioners have conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Standard
Notes
Does the company disclose how key risks are managed?
Standard
YES
Notes
Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
Standard
Notes
24
Standard
Board Chairman
Do different persons assume the roles of Chairman and CEO?
Standard
YES, the chairman is Sec. Ramon Lopez while Ms. Ma. Lourdes F. Rebueno is the CEO(General Manager)
Notes
25
Standard
Board of Directors Development
Does the GOCC have orientation programmes for new Directors?
Standard
Since NDC Board of Directors are EX-OFFICIO, all matters concerning the board such as orientation programmes are done during the scheduled board meetings.
See Board attendance record under transparency seal section of the website for proof of attendance.
See Board attendance record under transparency seal section of the website for proof of attendance.
Notes
Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programmes?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, their professional education programmes are administered by their respective agency/department.
Notes
Did all Appointive Directors attend at least 1 training for the calendar year?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, they have regular training activities administered by their respective agency/department.
Notes
26
Standard
Board Appraisal
Is an annual performance assessment conducted for the Board of Directors
Standard
Notes
Does the GOCC disclose the process followed in conducting the Board?
Standard
Notes
Does the GOCC disclose the criteria used in the Board assessment?
Standard
Notes
27
Standard
Committee Appraisal
Is an annual performance assessment conducted of the Board of Directors Committees?
Standard
Notes
28
Standard
BONUS
Notes
Stakeholder's Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
29
Standard
Disclosure and Transparency
Are the audited annual financial report/statement released within 30 days upon the receipt from COA?
Standard
YES. upon receipt by the Office of the General Manager, audited annual financial reports/statements are posted in the ndc website.
Notes
30
Standard
PENALTY
31
Standard
Responsibilities of the Board
Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
Standard
Board Members of NDC are mostly Ex-Officio.
Notes
Is there non-compliance with Good Governance Conditions?
Standard
NO
Notes
2017
Standard
Notes
Link
1
Standard
Does the GOCC disclose a policy that:
Stipulates the existence and scope of its effort to address customer's welfare?
Standard
YES, annual welfare activities for employees and outreach program for areas where the company conducts business.
Notes
Link for welfare and wellness activity records:
https://www.ndc.gov.ph/employee-welfare-and-wellness-program-cy-2019-2020
Link for outreach program activities:
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
Link
Elaborates its efforts to interact with the communities in which they operate?
Standard
YES, it is part of NDC's corporate social responsibility to interact with the communities where it operates or has established an investment.
Notes
Link for outreach program activities:
https://www.ndc.gov.ph/ndc-gallery/corporate-social-responsibility
Link
Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
Standard
It is NDC's mandate to pursue, may on its own, or in joint venture with the private sector to undertake vital and sustainable projects to support the national economy. NDC has investments in the Industry of Renewal Energy such as Hydropower in Rizal and Bioenergy in San Carlos, Negros Occidental. See "Our Investments" navigation menu for details.
Notes
2
Standard
Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
Notes
YES, since it is NDC's mandate to work on sustainable projects that supports the national economy.
Customer health and safety
Standard
NDC's customer is the National Government and its people. It has invested for a Gamma Irradiation Project that decontaminates food products for the safety of food consumers. See "Our Investments" navigation menu for details related to the project
Notes
Interaction with the communities
Standard
Yes, It is part of NDC's corporate social responsibility to interact with the communities where it operates.
Notes
Environmentally-friendly value chain
Standard
Since the company's main customer is the national government and its people, NDC has a diverse investment portfolio. It has environmentally-friendly investment in the Industry of Renewal Energy such as Hydropower in Rizal, Philippines and Bioenergy in San Carlos, Negros Occidental. See "Our Investments" navigation menu for details.
Notes
3
Standard
Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Notes
YES
4
Standard
Where stakeholders interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights
Does the GOCC provide contact details via the company's website or Annual Report ' which stakeholders ( e.g. customers, suppliers, general public, etc.) can use to voice their concerns and/or complaints for possible violation of their rights?
Standard
YES, it is under CONTACT US navigation menu.
Notes
5
Standard
Performance-enhancing mechanisms for employee participation should be permitted to develop.
Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
Standard
YES
Notes
Does the GOCC publish data relating to health, safety and welfare of its employees?
Standard
YES
Notes
Does the GOCC have training and development programmes for its employees?
Standard
See Summary of External Training Attended
Notes
Does the GOCC publish data on training and development programs for its employees?
Standard
YES
Notes
6
Standard
Stakeholders including individual employee and their representative bodies should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this.
Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
Standard
See Section 5 of NDC's whistleblowing policy
Notes
Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
Standard
See Section 10 of NDC's whistleblowing policy
Notes
7
Standard
Quality of the Annual Report. Does the GOCC's AR disclose the following items:
Corporate Objectives
Standard
Notes
Financial performance indicators
Standard
YES, see Transparency Seal-General Records
Notes
Non-financial performance indicators
Standard
YES, see Transparency Seal-General Records
Notes
Details of whistleblowing policy
Standard
YES, see Transparency Seal-General Records
Notes
Biographical details (at least age, qualification, date of first appointment, relevant experiences and any other directorships of listed companies) of directors/commissioners
Standard
YES, see Transparency Seal-General Records
Notes
Training and/or continuing education programme attended by each director/commissioner
Standard
Notes
8
Standard
Is the Annual Report downloadable from the GOCC website?
Notes
YES, see Transparency Seal for the NDC Annual Records
Link
https://www.ndc.gov.ph/philippine-transparency-seal
9
Standard
Corporate Governance Confirmation Statement
Does the Annual Report contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?
Standard
Notes
10
Standard
Timely filing/release of annual/financial reports
Are the audited annual financial report/statement released within 60 days upon receipt from COA?
Standard
Yes, see Transparency Seal-General Records section of the NDC website.
Notes
Is the annual report released within 90 days from release of audited financial report?
Standard
YES, See Transparency Seal page
Notes
https://www.ndc.gov.ph/philippine-transparency-seal
Link
Is the true and fairness/fair presentation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
Standard
Yes, annual financial report is reviewed by the General Manager and Chairman of the Board of Directors.
Notes
https://www.ndc.gov.ph/philippine-transparency-seal
Link
11
Standard
Corporate Vision/Mission
Has the Board of Directors reviewed the vision and mission/strategy in the last financial year?
Standard
Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
Notes
12
Standard
Code of ethics or conduct
Are the details of the code of ethics or conduct disclosed?
Standard
Notes
Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
Standard
Notes
Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
Standard
Notes
13
Standard
Does the Board appoint a Nomination Compensation/Renumeration Committee?
Notes
YES
14
Standard
Does the Board appoint a Risk Management Committee?'If yes, is the report on Risk Management Committee publicly disclosed?
Notes
YES, however reports of the Risk Management are not publicly disclosed.
15
Standard
Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?''If yes, is the report of the Nomination Compensation/Renumeration Committee publicly disclosed?
Notes
YES, however reports of the remuneration committee are not publicly disclosed.
16
Standard
Does the Board appoint an Audit Committee? If yes, is the report of the Audit Committee publicly disclosed?
Notes
YES, however reports of the audit committee are not publicly disclosed.
17
Standard
Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Notes
Yes, Secretary Carlos G. Dominguez, DOF
18
Standard
Did the Audit Committee meet at least four times during the year?
19
Standard
Does at least one member of the Risk Management Committee have a background in finance and investments?
Notes
Yes, Secretary Carlos G. Dominguez, DOF
20
Standard
Board meetings and attendance
Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
Standard
YES, see meeting attendance records under transparency seal.
Notes
Does the Board of Directors meet at least monthly?
Standard
NO, since most of the NDC Board of Directors are Ex-Officio.
Notes
Did the Board of Directors meet on at least 75% on their scheduled meetings?
Standard
YES,' see attendance records
Notes
Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Standard
NO, since NDC's board of directors are EX-OFFICIO.
Notes
Did the Board of Directors meet separately at least once during the year without the President/CEO present?
Standard
NO
Notes
21
Standard
Access to information
Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
Standard
It is NDC's policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Notes
Is the Board Secretary trained in legal, accountancy or company secretarial practices?
Standard
Yes,' NDC's Board Secretary is a lawyer. See resume of Board Secretary
Notes
22
Standard
Internal Audit
Does the company have a separate internal audit function?
Standard
Yes, the company has a Management Audit Officer that works as an internal audit function. See link for the Organizational Structure of the company.
Notes
Does the appointment and removal of the internal auditor require the approval of the Audit Committee?
Standard
Notes
23
Standard
Risk Oversight
Does the company disclose the internal control procedures/risk management systems it has in place?
Standard
YES
Notes
Does the Annual Report disclose that the board of Directors/Commissioners have conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Standard
Notes
Does the company disclose how key risks are managed?
Standard
YES
Notes
Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
Standard
Notes
24
Standard
Board Chairman
Do different persons assume the roles of Chairman and CEO?
Standard
YES, the chairman is Sec. Ramon Lopez while Ms. Ma. Lourdes F. Rebueno is the CEO(General Manager)
Notes
25
Standard
Board of Directors Development
Does the GOCC have orientation programmes for new Directors?
Standard
Since NDC Board of Directors are EX-OFFICIO, all matters concerning the board such as orientation programmes are done during the scheduled board meetings.
See Board attendance record under transparency seal section of the website for proof of attendance.
See Board attendance record under transparency seal section of the website for proof of attendance.
Notes
Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programmes?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, their professional education programmes are administered by their respective agency/department.
Notes
Did all Appointive Directors attend at least 1 training for the calendar year?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, they have regular training activities administered by their respective agency/department.
Notes
26
Standard
Board Appraisal
Is an annual performance assessment conducted for the Board of Directors
Standard
Notes
Does the GOCC disclose the process followed in conducting the Board?
Standard
Notes
Does the GOCC disclose the criteria used in the Board assessment?
Standard
Notes
27
Standard
Committee Appraisal
Is an annual performance assessment conducted of the Board of Directors Committees?
Standard
Notes
28
Standard
BONUS
Notes
Stakeholder's Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
29
Standard
Disclosure and Transparency
Are the audited annual financial report/statement released within 30 days upon the receipt from COA?
Standard
YES. upon receipt by the Office of the General Manager, audited annual financial reports/statements are posted in the ndc website.
Notes
30
Standard
PENALTY
31
Standard
Responsibilities of the Board
Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
Standard
Board Members of NDC are mostly Ex-Officio.
Notes
Is there non-compliance with Good Governance Conditions?
Standard
NO
Notes
Template
Standard
Notes
Link
1
Standard
Does the GOCC disclose a policy that:
Stipulates the existence and scope of its effort to address customer's welfare?
Standard
YES, See Page 38 on Manual of Corporate Governance
Notes
Elaborates its efforts to interact with the communities in which they operate?
Standard
YES, See Page 36-37 on Manual of Corporate Governance
Notes
Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
Standard
YES, See Page 43 on Manual of Corporate Governance
Notes
2
Standard
Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
Notes
YES, since it is NDC's mandate to work on sustainable projects that supports the national economy.
Customer health and safety
Standard
NDC's customer is the National Government and its people. It has invested for a Gamma Irradiation Project that decontaminates food products for the safety of food consumers. See "Our Investments" navigation menu for details related to the project
Notes
Interaction with the communities
Standard
Yes, It is part of NDC's corporate social responsibility to interact with the communities where it operates.
Notes
Environmentally-friendly value chain
Standard
Since the company's main customer is the national government and its people, NDC has a diverse investment portfolio. It has environmentally-friendly investment in the Industry of Renewal Energy such as Hydropower in Rizal, Philippines and Bioenergy in San Carlos, Negros Occidental. See "Our Investments" navigation menu for details.
Notes
3
Standard
Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Notes
YES
4
Standard
Where stakeholders interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights?
Does the GOCC provide contact details via the company's website or Annual Report which stakeholders ( e.g. customers, suppliers, general public, etc.) can use to voice their concerns and/or complaints for possible violation of their rights?
Standard
YES, it is under CONTACT US navigation menu.
Notes
5
Standard
Performance-enhancing mechanisms for employee participation should be permitted to develop.
Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
Standard
YES, See Page 43 on Manual of Corporate Governance
Notes
Does the GOCC publish data relating to health, safety and welfare of its employees?
Standard
YES
Notes
Does the GOCC have training and development programmes for its employees?
Standard
See Summary of External Training Attended
Notes
Does the GOCC publish data on training and development programs for its employees?
Standard
YES
Notes
6
Standard
Stakeholders including individual employee and their representative bodies should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this.
Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
Standard
See Section 5 of NDC's whistleblowing policy
Notes
Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
Standard
See Section 10 of NDC's whistleblowing policy
Notes
7
Standard
Does the GOCC's AR disclose the following items:
Corporate objectives
Standard
Notes
Financial performance indicators
Standard
Notes
Non-financial performance indicators
Standard
Notes
Details of whistleblowing policy
Standard
See Whistleblowing Policy
Notes
Biographical details (at least age, qualification, date of first appointment, relevant experiences and any other directorships of listed companies) of directors/commissioners
Standard
YES, see Transparency Seal Page
Notes
Training and/or continuing education programme attended by each director/commissioner
Standard
Notes
8
Standard
Are the Annual Reports downloadable from the GOCC's website?
Notes
YES, see Transparency Seal for the NDC Annual Records
9
Standard
Corporate Governance Confirmation Statement
Does the GOCC's website contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?
Standard
Notes
10
Standard
Timely filing/release of annual/financial reports
Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?
Standard
YES. upon receipt by the Office of the General Manager, audited annual financial reports/statements are posted in the ndc website.
Notes
Is the annual report released within 90 days from release of audited financial report?
Standard
YES, See Transparency Seal page
Notes
Is the true and fairness/fair presentation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
Standard
Yes, annual financial report is reviewed by the General Manager and Chairman of the Board of Directors.
Notes
11
Standard
Corporate Vision/Mission and Implementation of the Corporate Strategy
Has the Board of Directors reviewed the vision and mission/strategy in the last financial year?
Standard
Notes
Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
Standard
Notes
12
Standard
GCG-Validated Performance Scorecard
Did the GOCC achieve 90% in the PES?
Standard
Notes
13
Standard
Code of ethics or conduct
Are the details of the code of ethics or conduct disclosed?
Standard
Notes
Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
Standard
Notes
Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
Standard
Notes
14
Standard
Does the Board appoint a Nomination Compensation/Renumeration Committee?
Notes
YES
15
Standard
Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?
Notes
YES, however reports of the remuneration committee are not publicly disclosed.
16
Standard
If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?
17
Standard
Does the Board appoint an Audit Committee?
Notes
YES, however reports of the audit committee are not publicly disclosed.
18
Standard
If yes, is the report of the Audit Committee publicly disclosed?
19
Standard
Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Notes
Yes, Secretary Carlos G. Dominguez, DOF
20
Standard
Did the Audit Committee meet at least four times during the year?
21
Standard
Does the Board appoint a Risk Management Committee?'
Notes
YES, however reports of the Risk Management are not publicly disclosed.
22
Standard
If yes, is the report on Risk Management Committee publicly disclosed?
23
Standard
Does at least one member of the Risk Management Committee have a background in finance and investments?
Notes
Yes, Secretary Carlos G. Dominguez, DOF
Link
24
Standard
Board meetings and attendance
Does the Board of Directors meet at least monthly?
Standard
NO, since most of the NDC Board of Directors are Ex-Officio.
Notes
Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Standard
NO, since NDC's board of directors are EX-OFFICIO.
Notes
Did the Board of Directors meet separately at least once during the year without the President/CEO present?
Standard
NO
Notes
25
Standard
Access to information
Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
Standard
It is NDC's policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Notes
Is the Board Secretary trained in legal, accountancy or company secretarial practices?
Standard
Yes,' NDC's Board Secretary is a lawyer. See resume of Board Secretary
Notes
26
Standard
Internal Audit
Does the company have a separate internal audit function?
Standard
Yes, the company has a Management Audit Officer that works as an internal audit function. See link for the Organizational Structure of the company.
Notes
Does the appointment and removal of the internal auditor require the approval of the Audit Committee?
Standard
Notes
27
Standard
Risk Oversight
Does the company disclose the internal control procedures/risk management systems it has in place?
Standard
YES
Notes
Does the Annual Report disclose that the board of Directors/Commissioners have conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
Standard
Notes
Does the company disclose how key risks are managed?
Standard
YES
Notes
Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
Standard
Notes
28
Standard
Board Chairman
Do different persons assume the roles of Chairman and CEO?
Standard
YES, the chairman is Sec. Ramon Lopez while Ms. Ma. Lourdes F. Rebueno is the CEO(General Manager)
Notes
29
Standard
Board of Directors Development
Does the GOCC have orientation programmes for new Directors?
Standard
Since NDC Board of Directors are EX-OFFICIO, all matters concerning the board such as orientation programmes are done during the scheduled board meetings.
See Board attendance record under transparency seal section of the website for proof of attendance.
See Board attendance record under transparency seal section of the website for proof of attendance.
Notes
Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programmes?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, their professional education programmes are administered by their respective agency/department.
Notes
Did all Appointive Directors attend at least 1 training for the calendar year?
Standard
Since NDC Board of Directors are EX-OFFICIO/Department Secretaries, they have regular training activities administered by their respective agency/department.
Notes
30
Standard
Board Appraisal
Is an annual performance assessment conducted for the Board of Directors
Standard
Notes
Does the GOCC disclose the process followed in conducting the Board?
Standard
Notes
Does the GOCC disclose the criteria used in the Board assessment?
Standard
Notes
31
Standard
Committee Appraisal
Is an annual performance assessment conducted of the Board of Directors Committees?
Standard
Notes
32
Standard
Bonus (Stakeholder's Relationship)
Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
Standard
Notes
Are the audited annual financial report/statement released within 30 days upon the receipt from COA?
Standard
YES. upon receipt by the Office of the General Manager, audited annual financial reports/statements are posted in the ndc website.
Notes
33
Standard
Penalty (Responsibilities of the Board)
Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
Standard
Board Members of NDC are mostly Ex-Officio.
Notes
Is there non-compliance with Good Governance Conditions?
Standard
NO
Notes