Corporate Governance Scorecard Report

Standard Link
1. Does the GOCC disclose a policy that:
a. Stipulates the existence and scope of its effort to address customer’s welfare? Yes, see the attached document.

Code of Corporate Governance

Citizen’s Charter

b. Elaborates its efforts to interact with the communities in which they operate? Yes, see the attached document.

Citizen’s Charter

c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development? Yes, see the attached document.

Certification-Environmental Friendly Value Chain

2. Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
a. Customer health and safety Yes, see the attached document.

Nayon for Healing Planning Workshop

b. Interaction with the communities Yes, see the attached document.

DUNONG PODCAST: A Nayong for Healing

c. Environmentally-friendly value chain Yes, see the attached document.

Complete documents for the Procurement of LED Lights

3. Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section? Yes, see the attached document.

Vaccination Facillity

4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights.
a. 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? Yes, see the attached document.

Complaints and Feedback

5. Performance-enhancing mechanisms for employee participation should be permitted to develop.
a.

 

Does the GOCC explicitly mention the health, safety and welfare policy for its employees? Yes, see the attached document.

Constitution of Health and Occupational Safety Commiittee

b. Does the GOCC publish data relating to health, safety and welfare of its employees? Yes, see the attached document.

NPF Memorandum Order 2021-056

c. Does the GOCC have training and development programmes for its employees? Yes, see the attached document.

NPF Memorandum Order 2021-031

d. Does the GOCC publish data on training and development programms for its employees? Yes, see the attached document.

2021 L&D Trainings

6. 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.
a. Does the GOCC have procedures for complaints by employees, concerning illegal (including corruption) and unethical behavior? Yes, see the attached document.

NPF Memorandum Order 2021-062

Whistlblowing policy

b. Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation? Yes, see the attached document.

NPF Memorandum Order 2021-062

Whistlblowing policy

7. Quality of Annual Report Does the GOCC’s Website disclose the following items:
a. Corporate Objectives Yes, see the attached document.

Performance Evaluation Scorecard

b. Financial performance indicators Yes, see the attached document.

Audited Financial Statements for 2020 to 2021

c. Non-financial performance indicators No.
d. Details of whistleblowing policy Yes, see the attached document.

NPF Memorandum Order 2021-062

Whistlblowing policy

e. Biographical details (at least age, qualifications, date of first appointment, relevant experience and any other directorships of listed companies) of directors/commissioners Yes, see the attached document.

Board of Directors Profile

f. Training and/or continuing education programme attended by each director/commissioner Yes, see the attached document.

Certificate of Attendance

8. Is the annual report downloadable from the GOCC’s website? Yes, see the attached document.

Annual Report 2021

9. Corporate Governance Confirmation Statement
a. 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 issue? No.
10. Timely filing/release if annual/financial reports
a. Are the audited annual financial report/statement released within 60 days upon receipt from COA?
b. Is the annual report released within 90 days from release of audited financial report?
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?
11. Corporate Vision/Mission
a. Has the Board of Directors reviewed the vision and mission/strategy in the last financial year? Yes, see the attached document.

Performance Evaluation Scorecard

b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy? No.
12. Did the GOCC achieve 90% in the PES?
13. Code of Ethics or Conduct
a. Are the details of the Code of Ethics or Conduct disclosed? No.
b. Does the GOCC disclose that all Directors/Commissioner, senior management and employees are required to comply with the Code? No.
c. Does the company disclose how it implements and monitors compliance with the code of ethics or conduct. No.
14. Does the Board appoint a Nomination Compensation / Remuneration Committee? Yes, see the attached document.

Constitution of Board Committee

15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year? No.
16 If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed? No.
17. Does the Board appoint an Audit Committee? Yes, see the attached document.

Constitution of Board Committee

 18. If yes, is the report of the Audit Committee publicly disclosed?  No.
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)? Yes, see the attached document.

Trustee Teresita M. Amansec – Board of Directors Profile

20. Did the Audit Committee meet at least four times during the year? No.
21. Does the Board appoint a Risk Management Committee? Yes, see the attached document.

Constitution of Board Committee

22. If yes, is the report on Risk Management Committee publicly disclosed? No.
23. Does at least one member of the Risk Management Committee have a background in finance and investments? Yes, see the attached document.

Trustee Teresita M. Amansec – Board of Directors Profile

 24. Board meetings and attendance
a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1) No.
b. Does the Board of Directors meet at least monthly? Yes, see the attached document.

Secretary’s Certification

c.  Did the Board of Directors meet on at least 75% on their scheduled meetings? Yes, see the attached document.

Secretary’s Certification

d.  Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year? No.

e.  Did the Board of Directors meet separately at least once during the year without the President/CEO present? No.
 25. Access to information
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? No.
b. Is the Board Secretary trained in legal, accountancy or company secretarial practices? Yes, see the attached document.

Board Resolution 2021-002;
Board Resolution 2021-019;
CV of both Acting Corporate Secretary

 26. Internal Audit
a. Does the company have a separate internal audit function? No.
b. Does the appointment and removal of the internal auditor require the recommendation of the Audit Committee? No.
 27. Risk Oversight
a. Does the company disclose the internal control procedures/risk management systems it has in place? No.
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? No.
c. Does the company disclose how key risks are managed? No.
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? No.
 28.  Do different persons assume the roles of Chairman and CEO? Yes, see the attached document.

Board of Directors Profile

29. Board of Directors Development
a. Does the GOCC have orientation programs for new Directors? No.
b. Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs? No.
c. Did all Appointive Directors attend at least 1 training for the calendar year? Yes, see the attached document.

Certificate of Attendance

30. Board Appraisal
a. Is an annual performance assessment conducted of the Board of Directors? No.
b. Does the GOCC disclose the process followed in conducting the Board assessment? No.
c. Does the GOCC disclose the criteria used in the Board assessment? No.
31. Is an annual performance assessment conducted of the Board of Directors Committees? No.