Corporate Governance Card
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
