The Governance Commission for Government-owned or Controlled Corporations  (GCG) has approved the request of the Duty-Free Philippines Corporation (DFPC) to defer the implementation of the Implementing Rules and Regulation (IRR) of the Restructuring Plan (RP) for 60 days from 15 March 2023. In a statement over the weekend, the GCG reminds that while it agrees to the deferment, it may have a negative effect on the ongoing status of DFPC given its limited fiscal space. The DFPC request was meant to enable to prepare them for the transition of the implementation of the new organizational structure and staffing pattern. “The Governance Commission understands that DFPC may need more time given that the restructuring plan may have certain repercussions in policies and core operations,” Chairperson Justice Alex L. Quiroz said. “GCG takes into consideration the inputs of the employees union and other government agencies concerned. The deferment will be granted to give way to a streamlined transition that will be beneficial to all concerned,” Quiroz added. Pursuant to Section 5(a) of Republic Act No. 10149, the GCG is mandated to ascertain whether a GOCC should be reorganized, merged, streamlined, abolished, or privatized, in consultation with the department or agency which the GOCC is attached. The GCG remains steadfast in its mandate as the central advisory, oversight, and monitoring body for GOCCs, to institutionalize transparency, accountability, financial viability, and responsiveness in corporate performance by monitoring and evaluating GOCCs’ performance.