PHLPOST CORPORATE GOVERNANCE SCORECARD (2017 COMPLIANCE)

Standard PHLPOST Compliance/Link (2017) PHLPOST Compliance/Link (2018)
1. GOCC Policy    
a. Existence and scope to address customer's welfare Link Link
b. Elaborates efforts to interact with the communities Link Link
c. Ensures that its value chain is environmentally friendly or is consistent with promoting sustainable development Link Link
2. GOCC Activities to implement the above mentioned policies
a. Customer health and safety 1. Link
2. Link
b. Interaction with the communities Link
c. Environmentally-friendly value chain Link
3. Separate Corporate Social Responsibility (CSR) report/section or sustainability report/section Link Link
4. 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 Link Link
5. Performance-enhancing mechanisms for employee participation
a. Mentions health, safety and welfare policy for its employees Link Link
b. Publishes data relating to health, safety and welfare of its employees Link Link
c. Provides training and development programmes for its employees Link Link
d. Publishes training and development programmes for its employees Link Link
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. Link Link
a. Procedures for complaints by employees concerning illegal (including corruption) and unethical behavior Link Link
b. Procedures to protect an employee/person who reveals illegal/ unethical behavior from retaliation Link Link
7. Quality of Annual Report
a. Corporate objectives Link Link
b. Financial performance indicators Link Link
c. Non-financial performance indicators Link Link
d. Details of whistle-blowing policy Link Link
e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners Link Link
f. Training and/or continuing education programme attended by each director/commissioner Link Link
8. Annual reports downloadable from the GOCC's website Link Link
9. Annual Report contains a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identifies and explains the reasons thereof
10. Timely filing/release of annual/financial reports
a. Audited annual financial report/statement released within 60 days upon receipt from COA Link
b. Annual report released within 90 days from release of audited financial report Link
c. 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 Link
11. Corporate Vision and Mission/Strategy
a. Board of Directors reviewing the vision and mission/ strategy in the last financial year Link
b. Board of Directors monitoring/overseeing the implementation of the corporate strategy Link Link
12. Performance Evaluation System (PES)
a. GOCC achieving 90% in the PES Link Link
13. Code of ethics or conduct
a. Details of the code of ethics or conduct   Link
b. All Directors/Commissioners, senior management and employees are required to comply with the code    
c. Disclosure on how PHLPOST implements and monitors compliance with the code of ethics or conduct    
Nomination Compensation/Remuneration Committee
14. Appointment of Nomination Compensation/ Remuneration Committee Link Link
15. Nomination Compensation/Remuneration Committee meetings Link Link
16. Report of the Nomination Compensation/Remuneration Committee publicly disclosed Link
Audit Committee
17. Appointment of an Audit Committee Link Link
18. Report of the Audit Committee publicly disclosed Link
19. At least one member of the Audit Committee has an audit, accounting or finance background (qualification or experience) Link Link
20 Audit Committee meetings Link Link
Risk Management Committee
21. Appointment of Risk Management Committee Link Link
22. Report on Risk Management Committee publicly disclosed Link
23. At least one member of the Risk Management Committee has a background in finance and investments Link Link
24. Board meetings and attendance    
a. Board of Directors meetings scheduled at the beginning of the year Link Link
b. Meetings of the Board of Directors Link Link
c. Board of Directors meet at least 75% on their scheduled meetings Link Link
d. Each of the directors/commissioners attended at least 90% of all the board meetings held during the year Link Link
e. Board of Directors meeting separately at least once during the year without the President/CEO present Link
25. Access to information    
a. 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    
b. Board Secretary Link Link
26. Internal Audit    
a. Separate internal audit function Link Link
b. Appointment and removal of the internal auditor requires the approval of the Audit Committee    
27. Risk Oversight    
a. Disclosure in the internal control procedures/risk management systems in place Link Link
b. Annual Report disclosure 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    
c. Disclosure how key risks are managed Link Link
d. Annual Report containing a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems    
28. Board Chairman and CEO    
a. Do different persons assume the roles of Chairman and CEO? Link Link
29. Orientation Program and Continuous Professional Education Program
a. Orientation programs for new Directors Link Link
b. Policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs Link Link
c. Appointive Directors attending at least 1 training for the calendar year Link Link
30. Board Appraisal    
a. Annual performance assessment conducted of the Board of Directors   Link
b. Disclosure on the process followed in conducting the Board assessment    
c. Disclosure on the criteria used in the Board assessment    
31. Committee Appraisal    
a. Annual performance assessment conducted of the Board of Directors Committees    
BONUS
1. Stakeholder Relationships.    
  Does the GOCC practice Global Reporting Index (GRI) on its annual reports?    
2. Disclosure and Transparency. Quality of the Annual Report.    
  Is the audited annual financial report/statement released within 30 days upon receipt from COA?