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Manila Bulletin devider Business devider GCG holds dialogues with state-owned firms

GCG holds dialogues with state-owned firms

Published Nov 18, 2022 02:21 pm

The Governance Commission for Government-Owned-and-Controlled Corporations (GCG) said that it held a series dialogues with several state-owned firms to resolve the Compensation and Position Classification System (CPCS) concerns.

In a statement, Alex L. Quiroz, GCG chairperson said on Friday, Nov. 18, that the commission already met with 29 out of 37 GOCCs with pending appeals during the first month of the Marcos administration.

Spurred by President Marcos’ directive to "help our country," the new leadership of the GCG has taken on the agency’s mandates in high gear, Quiroz said.

“In the few months that we have been here, we foresee challenges that lie ahead, especially as the CPCS is now in its implementation stage and will be up for review next year,” Quiroz said.

GCG has to be responsive to its oversight mandate under this new administration, Quiroz said.

“Moving forward, we will continue to engage and collaborate with the GOCCs and other stakeholders to ensure that we efficiently address the concerns that they have elevated to us,” Quiroz added.

The GCG fulfills its mandates in line with the three main agendas of the Marcos administration: transparency, rightsizing, and digitalizing government services.

The new Commission’s Anti-Corruption and Integrity Program aligns with the transparency agenda of the administration as it aims to safeguard P10 trillion in total assets of the GOCC Sector and prevent the dissipation and wastage of public funds arising from corruption.

"The Governance Commission continues to study GOCCs that may be recommended for abolition, privatization, merger, or streamlining in line with the President’s recent directive on rightsizing the government," Quiroz said.

"It also continually enhances its Integrated Corporate Reporting System (ICRS), a web portal which enables GOCCs to electronically submit financial and non-financial reports to be made available for public view," he added.

The Governance Commission, as the oversight body for and stewards of GOCCs, shall steer the Sector towards achieving results in line with President Marcos Jr.’s key agendas.

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