Corporate Governance Card
2021
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
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
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
2020
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
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
