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Manila Bulletin devider Business devider Banking & Finance devider More execs from 78 GOCCs offer courtesy recognitions to Marcos—latest GCG report

More execs from 78 GOCCs offer courtesy recognitions to Marcos—latest GCG report

Published Jun 5, 2025 12:38 pm  |  Updated Jun 5, 2025 01:47 pm

At A Glance

  • More executives from 78 government-owned and/or controlled corporations (GOCCs) have turned in their resignation letters to the Palace, according to the Governance Commission for GOCCs' (GCG) latest report.
More executives from 78 government-owned and/or -controlled corporations (GOCCs) have turned in their resignation letters to the Palace, according to the Governance Commission for GOCCs’ (GCG) latest report as of June 4.
Three more presidents and chief executive officers (CEOs) have submitted their resignation letters, bringing the total to 18. Meanwhile, the number of resigned board members has risen to over 270, up from just over 200 as of June 3.
Last week, these executives received an order from the Palace to file their courtesy resignations, which came after the Cabinet reshuffle.
According to the Palace, this was done to “assess the performance of key government agencies, including GOCCs, and realign government priorities.”
CEOs and non-ex-officio chairpersons were ordered to address their courtesy resignations to the President and submit them through the Office of the Executive Secretary (OES).
Meanwhile, appointive directors, trustees, and members of GOCC governing boards were ordered to submit 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 Budget and Management (DBM) Secretary Amenah F. Pangandaman earlier told Manila Bulletin that she “does not foresee any delays in national programs or transactions involving GOCCs” even with the blanket directive.
Pangandaman is an ex-officio member of the GCG.
In a report published in December last year, the Organization for Economic Cooperation and Development (OECD) grouping of rich nations cited that the number of GOCCs in the Philippines dwindled to 118 in 2024 from 158 in 2011 amid closures of loss-making corporations, mergers, and privatizations, citing GCG data.
On Thursday, June 5, Manila Bulletin requested a statement from GCG Chairperson Marius P. Corpus, but he has yet to explain the reasons behind the delayed or non-compliance of other concerned GOCC officials.
No figure was also presented regarding the remaining executives who have yet to submit their resignations. While the blanket order called for immediate compliance, no deadline for submissions was disclosed.
Corpus earlier said that the courtesy resignations are being filed “electronically and physically.”

Related Tags

Governance Commission for GOCCs (GCG) government-owned and/or -controlled corporations (GOCCs)
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