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Manila Bulletin devider Business devider Banking & Finance devider Marcos orders 168 GOCC heads to file courtesy resignations

Marcos orders 168 GOCC heads to file courtesy resignations

Published May 28, 2025 05:02 pm
Following the Cabinet reshuffle, 168 heads of government-owned and controlled corporations (GOCCs) have also been ordered by the President Ferdinand Marcos Jr. to file their courtesy resignations.
According to a follow-up notice by the Governance Commission for GOCCs (GCG) issued on Wednesday, May 28, state-owned firms have been ordered to follow certain procedures for the submission of courtesy resignations.
To streamline the process, chief executive officers (CEOs) and non ex-officio chairpersons must address their courtesy resignations to the President and submit them through the Office of the Executive Secretary (OES).
Appointive directors, trustees, and members of GOCC Governing Boards should submit their courtesy resignations directly to the GCG, not the OES. The resignation letters must be addressed to the President.
Similar to the Cabinet secretaries, the acceptance, reassignment, or replacement of GOCC heads’ resignations falls under the prerogative of the President. This could mean some agency heads might be retained or removed from their offices.

Department of Finance (DOF) Secretary Ralph G. Recto, who was retained in his post, has yet to release a statement on whether GOCCs are vulnerable to disruption from abrupt leadership changes, or if such changes could affect the continuity of revenue generation within the agencies.

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Cabinet reshuffle government-owned and controlled corporations (GOCCs) Governance Commission for GOCCs (GCG)
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