| Standard Title |
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| I. STAKEHOLDER RELATIONSHIP |
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| 1. a. Stipulates the existence and scope of its effort to address customer's welfare |
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| 1. b. Elaborates its efforts to interact with the communities in which they operate |
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| 1. c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development |
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| 2. a. GOCC Activities: Customer health and safety |
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| 2. b. GOCC Activities: Interaction with the communities |
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| 2. c. GOCC Activities: Environmentally-friendly value chain |
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| 3. Separate Corporate Social Responsibility (CSR) report/section or sustainability report/section |
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| 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 |
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| 5. a. Performance-enhancing mechanisms for employee participation should be permitted to develop - Mentions health, safety and welfare policy for its employees |
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| 5. b. Publishes data relating to health, safety and welfare of its employees |
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| 5. c. Provides training and development programmes for its employees |
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| 5. d. Publishes training and development programmes for its employees |
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| 6. a. Procedures for complaints by employees concerning illegal (including corruption) and unethical behavior |
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| 6. b. Procedures to protect an employee/person who reveals illegal/ unethical behavior from retaliation |
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| II. DISCLOSURE & TRANSPARENCY |
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| 7. a. Does the website disclose the following: Corporate objectives |
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| 7. b. Financial performance indicators |
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| 7. c. Non-financial performance indicators |
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| 7. d. Details of whistle-blowing policy |
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| 7. e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners |
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| 7. f. Training and/or continuing education programme attended by each director/commissioner |
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| 8. Annual Reports |
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| 9. Statement confirming the company's full compliance with the code of corporate governance |
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| 10. a. Audited Annual Financial Report/statement uploaded on the website within 60 days upon receipt from COA |
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| 10. b. Annual Report released within 90 days from release of Audited Financial Report |
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| 10. c. Fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company |
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| III. BOARD RESPONSIBILITY |
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| 11. a. Board of Directors reviewed the vision and mission/ strategy in the last financial year |
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| 11. b. Board of Directors monitor/oversee the implementation of the corporate strategy? |
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| 12. Achieve 90% in the Performance Enhancement Scorecard |
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| 13. a. Details of the Code of Ethics or Conduct |
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| 13. b. Disclosure that all Directors, senior management and employees are required to comply with the code |
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| 13. c. Disclosure how it implements and monitors compliance with the code of ethics or conduct |
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| 14. Nomination Compensation/ Remuneration Committee |
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| 15. Nomination Compensation/ Remuneration Committee met at least twice during the year |
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| 16. Report of the Nomination Compensation/ Remuneration Committee publicly disclosed |
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| 17. Audit Committee |
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| 18. Report of the Audit Committee publicly disclosed |
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| 19. At least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience) |
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| 20. Audit Committee met at least four times during the year |
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| 21. Risk Management Committee |
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| 22. Report on Risk Management Committee publicly disclosed |
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| 23. At least one member of the Risk Management Committee have a background in finance and investments |
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| 24. a. Board of Directors meetings scheduled at the beginning of the year (end of 1st Quarter) |
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| 24. b. Board of Directors meet at least monthly |
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| 24. c. Board of Directors meet on at least 75% of their scheduled meetings |
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| 24. d. Each of the Directors attended at least 90% of all the board meetings held during the year |
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| 24. e. Board of Directors meet separately at least once during the year without the Postmaster General & CEO present |
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| 25. a. Policy that stipulates board papers for Board of Directors meetings be provided to the Board at least three (3) working days in advance of the board meeting |
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| 25. b. Board Secretary trained in legal, accountancy or company secretarial practices |
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| 26. a. A Separate Internal Audit function |
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| 26. b. Appointment and removal of the Internal Auditor require the recommendation of the Audit Committee |
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| 27. a. Disclosure on the internal control procedures/ risk management systems in place |
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| 27. b. Annual Report disclosure that the Board of Directors have conducted a review of the company's material controls (including operational, financial and compliance controls) and Risk Management Systems |
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| 27. c. Company disclosure of how key risks are managed |
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| 27. d. Annual Report contains a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems |
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| 28. Do different persons assume the roles of Chairman and CEO? |
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| 29. a. Orientation Programs for new Directors |
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| 29. b. Policy that encourages Directors to attend on-going or continuous professional education programs |
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| 29. c. All Appointive Directors attend at least one (1) training for the calendar year |
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| 30. a. Annual Performance Assessment conducted by the Board of Directors |
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| 30. b. Disclosure on the process followed in conducting the Board Assessment |
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| 30. c. Disclosure the criteria used in the Board Assessment |
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| 31. Annual Performance Assessment conducted by the Board of Directors Committees |
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| IV. BONUS |
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| 1. Global Reporting Index |
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| 2. Audited Annual Financial Report released within 30 days upon receipt from COA |
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| V. PENALTY |
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| 1. Members of the Board of Directors does not hold other positions in other GOCCs and PLCs |
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| 2. Compliance with Good Governance Conditions |
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