CY2022
Standard Title Files
I. STAKEHOLDER RELATIONSHIP
1. a. Stipulates the existence and scope of its effort to address customer's welfare
1. b. Elaborates its efforts to interact with the communities in which they operate
1. c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development
2. a. GOCC Activities: Customer health and safety
2. b. GOCC Activities: Interaction with the communities
2. c. GOCC Activities: Environmentally-friendly value chain
3. Separate Corporate Social Responsibility (CSR) report/section or sustainability report/section
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
5. a. Performance-enhancing mechanisms for employee participation should be permitted to develop - Mentions health, safety and welfare policy for its employees
5. b. Publishes data relating to health, safety and welfare of its employees
5. c. Provides training and development programmes for its employees
5. d. Publishes training and development programmes for its employees
6. a. Procedures for complaints by employees concerning illegal (including corruption) and unethical behavior
6. b. Procedures to protect an employee/person who reveals illegal/ unethical behavior from retaliation
II. DISCLOSURE & TRANSPARENCY
7. a. Does the website disclose the following: Corporate objectives
7. b. Financial performance indicators
7. c. Non-financial performance indicators
7. d. Details of whistle-blowing policy
7. e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
7. f. Training and/or continuing education programme attended by each director/commissioner
8. Annual Reports
9. Statement confirming the company's full compliance with the code of corporate governance
10. a. Audited Annual Financial Report/statement uploaded on the website within 60 days upon receipt from COA
10. b. Annual Report released within 90 days from release of Audited Financial Report
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
III. BOARD RESPONSIBILITY
11. a. Board of Directors reviewed the vision and mission/ strategy in the last financial year
11. b. Board of Directors monitor/oversee the implementation of the corporate strategy?
12. Achieve 90% in the Performance Enhancement Scorecard
13. a. Details of the Code of Ethics or Conduct
13. b. Disclosure that all Directors, senior management and employees are required to comply with the code
13. c. Disclosure how it implements and monitors compliance with the code of ethics or conduct
14. Nomination Compensation/ Remuneration Committee
15. Nomination Compensation/ Remuneration Committee met at least twice during the year
16. Report of the Nomination Compensation/ Remuneration Committee publicly disclosed
17. Audit Committee
18. Report of the Audit Committee publicly disclosed
19. At least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)
20. Audit Committee met at least four times during the year
21. Risk Management Committee
22. Report on Risk Management Committee publicly disclosed
23. At least one member of the Risk Management Committee have a background in finance and investments
24. a. Board of Directors meetings scheduled at the beginning of the year (end of 1st Quarter)
24. b. Board of Directors meet at least monthly
24. c. Board of Directors meet on at least 75% of their scheduled meetings
24. d. Each of the Directors attended at least 90% of all the board meetings held during the year
24. e. Board of Directors meet separately at least once during the year without the Postmaster General & CEO present
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
25. b. Board Secretary trained in legal, accountancy or company secretarial practices
26. a. A Separate Internal Audit function
26. b. Appointment and removal of the Internal Auditor require the recommendation of the Audit Committee
27. a. Disclosure on the internal control procedures/ risk management systems in place
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
27. c. Company disclosure of how key risks are managed
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
28. Do different persons assume the roles of Chairman and CEO?
29. a. Orientation Programs for new Directors
29. b. Policy that encourages Directors to attend on-going or continuous professional education programs
29. c. All Appointive Directors attend at least one (1) training for the calendar year
30. a. Annual Performance Assessment conducted by the Board of Directors
30. b. Disclosure on the process followed in conducting the Board Assessment
30. c. Disclosure the criteria used in the Board Assessment
31. Annual Performance Assessment conducted by the Board of Directors Committees
IV. BONUS
1. Global Reporting Index
2. Audited Annual Financial Report released within 30 days upon receipt from COA
V. PENALTY
1. Members of the Board of Directors does not hold other positions in other GOCCs and PLCs
2. Compliance with Good Governance Conditions
CY2021
Standard Title Files
I. STAKEHOLDER RELATIONSHIPs
1. a. Stipulates the existence and scope of its effort to address customer's welfare
1. b. Elaborates its efforts to interact with the communities in which they operate
1. c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development
2. a. GOCC Activities: Customer health and safety
2. b. GOCC Activities: Interaction with the communities
3. Separate Corporate Social Responsibility (CSR) report/section or sustainability report/section
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
5. a. Performance-enhancing mechanisms for employee participation - Mentions health, safety and welfare policy for its employees
5. b. Publishes data relating to health, safety and welfare of its employees
5. c. Provides training and development programmes for its employees
5. d. Publishes training and development programmes for its employees
6. a. Procedures for complaints by employees concerning illegal (including corruption) and unethical behavior
6. b. Procedures to protect an employee/person who reveals illegal/ unethical behavior from retaliation
II. DISCLOSURE & TRANSPARENCY
7. a. Does the website disclose the following: Corporate objectives
7. b. Financial performance indicators
7. c. Non-financial performance indicators
7. d. Details of whistle-blowing policy
7. e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
7. f. Training and/or continuing education programme attended by each director/commissioner
8. Annual Reports
9. Statement confirming the company's full compliance with the code of corporate governance
10. a. Audited Annual Financial Report/statement uploaded on the website within 60 days upon receipt from COA
10. b. Annual Report released within 90 days from release of Audited Financial Report
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
III. BOARD RESPONSIBILITY
11. a. Board of Directors reviewed the vision and mission/ strategy in the last financial year
11. a. Board of Directors reviewed the vision and mission/ strategy in the last financial year
12. Achieve 90% in the Performance Enhancement Scorecard
13. a. Details of the Code of Ethics or Conduct
13. b. Disclosure that all Directors, senior management and employees are required to comply with the code
13. c. Disclosure how it implements and monitors compliance with the code of ethics or conduct
14. Nomination Compensation/ Remuneration Committee
15. Nomination Compensation/ Remuneration Committee met at least twice during the year
16. Report of the Nomination Compensation/ Remuneration Committee publicly disclosed
17. Audit Committee
18. Report of the Audit Committee publicly disclosed
19. At least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)
20. Audit Committee met at least four times during the year
21. Risk Management Committee
22. Report on Risk Management Committee publicly disclosed
23. At least one member of the Risk Management Committee have a background in finance and investments
24. a. Board of Directors meetings scheduled at the beginning of the year (end of 1st Quarter)
24. b. Board of Directors meet at least monthly
24. c. Board of Directors meet on at least 75% of their scheduled meetings
24. d. Each of the Directors attended at least 90% of all the board meetings held during the year
24. e. Board of Directors meet separately at least once during the year without the Postmaster General & CEO present
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
25. b. Board Secretary trained in legal, accountancy or company secretarial practices
26. a. A Separate Internal Audit function
26. b. Appointment and removal of the Internal Auditor require the recommendation of the Audit Committee
27. a. Disclosure on the internal control procedures/ risk management systems in place
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
28. Do different persons assume the roles of Chairman and CEO?
29. a. Orientation Programs for new Directors
29. b. Policy that encourages Directors to attend on-going or continuous professional education programs
29. c. All Appointive Directors attend at least one (1) training for the calendar year
30. a. Annual Performance Assessment conducted by the Board of Directors
30. b. Disclosure on the process followed in conducting the Board Assessment
30. c. Disclosure the criteria used in the Board Assessment
31. Annual Performance Assessment conducted by the Board of Directors Committees
IV. BONUS
1. Global Reporting Index
2. Audited Annual Financial Report released within 30 days upon receipt from COA
V. PENALTY
1. Members of the Board of Directors does not hold other positions in other GOCCs and PLCs
2. Compliance with Good Governance Conditions
CY2020
Standard Title Files
I. STAKEHOLDER RELATIONSHIP
1. a. Stipulates the existence and scope of its effort to address customer's welfare
1. b. Elaborates its efforts to interact with the communities in which they operate
1. c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development
2. a. GOCC Activities: Customer health and safety
2. b. GOCC Activities: Interaction with the communities
2. c. GOCC Activities: Environmentally-friendly value chain
3. Separate Corporate Social Responsibility (CSR) report/section or sustainability report/section
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
5. a. Performance-enhancing mechanisms for employee participation - Mentions health, safety and welfare policy for its employees
5. b. Publishes data relating to health, safety and welfare of its employees
5. c. Provides training and development programmes for its employees
5. d. Publishes training and development programmes for its employees
6. a. Procedures for complaints by employees concerning illegal (including corruption) and unethical behavior
6. b. Procedures to protect an employee/person who reveals illegal/ unethical behavior from retaliation
II. DISCLOSURE & TRANSPARENCY
7. a. Does the website disclose the following: Corporate objectives
7. b. Financial performance indicators
7. c. Non-financial performance indicators
7. d. Details of whistle-blowing policy
7. e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
7. f. Training and/or continuing education programme attended by each director/commissioner
8. Annual Reports
9. Statement confirming the company's full compliance with the code of corporate governance
10. a. Audited Annual Financial Report/statement uploaded on the website within 60 days upon receipt from COA
10. b. Annual Report released within 90 days from release of Audited Financial Report
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
III. BOARD RESPONSIBILITY
11. a. Board of Directors reviewed the vision and mission/ strategy in the last financial year
11. a. Board of Directors reviewed the vision and mission/ strategy in the last financial year
12. Achieve 90% in the Performance Enhancement Scorecard
13. a. Details of the Code of Ethics or Conduct
13. b. Disclosure that all Directors, senior management and employees are required to comply with the code
13. c. Disclosure how it implements and monitors compliance with the code of ethics or conduct
14. Nomination Compensation/ Remuneration Committee
15. Nomination Compensation/ Remuneration Committee met at least twice during the year
16. Report of the Nomination Compensation/ Remuneration Committee publicly disclosed
17. Audit Committee
18. Report of the Audit Committee publicly disclosed
19. At least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)
20. Audit Committee met at least four times during the year
21. Risk Management Committee
22. Report on Risk Management Committee publicly disclosed
23. At least one member of the Risk Management Committee have a background in finance and investments
24. a. Board of Directors meetings scheduled at the beginning of the year (end of 1st Quarter)
24. b. Board of Directors meet at least monthly
24. c. Board of Directors meet on at least 75% of their scheduled meetings
24. d. Each of the Directors attended at least 90% of all the board meetings held during the year
24. e. Board of Directors meet separately at least once during the year without the Postmaster General & CEO present
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
25. b. Board Secretary trained in legal, accountancy or company secretarial practices
26. a. A Separate Internal Audit function
26. b. Appointment and removal of the Internal Auditor require the recommendation of the Audit Committee
27. a. Disclosure on the internal control procedures/ risk management systems in place
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
28. Do different persons assume the roles of Chairman and CEO?
29. a. Orientation Programs for new Directors
29. b. Policy that encourages Directors to attend on-going or continuous professional education programs
29. c. All Appointive Directors attend at least one (1) training for the calendar year
30. a. Annual Performance Assessment conducted by the Board of Directors
30. b. Disclosure on the process followed in conducting the Board Assessment
30. c. Disclosure the criteria used in the Board Assessment
31. Annual Performance Assessment conducted by the Board of Directors Committees
IV. BONUS
1. Global Reporting Index
2. Audited Annual Financial Report released within 30 days upon receipt from COA
V. PENALTY
1. Members of the Board of Directors does not hold other positions in other GOCCs and PLCs
2. Compliance with Good Governance Conditions
CY2019
Standard Title Files
I. STAKEHOLDER RELATIONSHIP
1. a. Stipulates the existence and scope of its effort to address customer's welfare
1. b. Elaborates its efforts to interact with the communities in which they operate
1. c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development
2. a. GOCC Activities: Customer health and safety
2. b. GOCC Activities: Interaction with the communities
2. c. GOCC Activities: Environmentally-friendly value chain
3. Separate Corporate Social Responsibility (CSR) report/section or sustainability report/section
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
5. a. Performance-enhancing mechanisms for employee participation - Mentions health, safety and welfare policy for its employees
5. b. Publishes data relating to health, safety and welfare of its employees
5. c. Provides training and development programmes for its employees
5. d. Publishes training and development programmes for its employees
6. a. Procedures for complaints by employees concerning illegal (including corruption) and unethical behavior
6. b. Procedures to protect an employee/person who reveals illegal/ unethical behavior from retaliation
II. DISCLOSURE & TRANSPARENCY
7. a. Does the website disclose the following: Corporate objectives
7. b. Financial performance indicators
7. c. Non-financial performance indicators
7. d. Details of whistle-blowing policy
7. e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
7. f. Training and/or continuing education programme attended by each director/commissioner
8. Annual Reports
9. Statement confirming the company's full compliance with the code of corporate governance
10. a. Audited Annual Financial Report/statement uploaded on the website within 60 days upon receipt from COA
10. b. Annual Report released within 90 days from release of Audited Financial Report
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
III. BOARD RESPONSIBILITY
11. a. Board of Directors reviewed the vision and mission/ strategy in the last financial year
11. a. Board of Directors reviewed the vision and mission/ strategy in the last financial year
12. Achieve 90% in the Performance Enhancement Scorecard
13. a. Details of the Code of Ethics or Conduct
13. b. Disclosure that all Directors, senior management and employees are required to comply with the code
13. c. Disclosure how it implements and monitors compliance with the code of ethics or conduct
14. Nomination Compensation/ Remuneration Committee
15. Nomination Compensation/ Remuneration Committee met at least twice during the year
16. Report of the Nomination Compensation/ Remuneration Committee publicly disclosed
17. Audit Committee
18. Report of the Audit Committee publicly disclosed
19. At least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)
20. Audit Committee met at least four times during the year
21. Risk Management Committee
22. Report on Risk Management Committee publicly disclosed
23. At least one member of the Risk Management Committee have a background in finance and investments
24. a. Board of Directors meetings scheduled at the beginning of the year (end of 1st Quarter)
24. b. Board of Directors meet at least monthly
24. c. Board of Directors meet on at least 75% of their scheduled meetings
24. d. Each of the Directors attended at least 90% of all the board meetings held during the year
24. e. Board of Directors meet separately at least once during the year without the Postmaster General & CEO present
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
25. b. Board Secretary trained in legal, accountancy or company secretarial practices
26. a. A Separate Internal Audit function
26. b. Appointment and removal of the Internal Auditor require the recommendation of the Audit Committee
27. a. Disclosure on the internal control procedures/ risk management systems in place
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
28. Do different persons assume the roles of Chairman and CEO?
29. a. Orientation Programs for new Directors
29. b. Policy that encourages Directors to attend on-going or continuous professional education programs
29. c. All Appointive Directors attend at least one (1) training for the calendar year
30. a. Annual Performance Assessment conducted by the Board of Directors
30. b. Disclosure on the process followed in conducting the Board Assessment
30. c. Disclosure the criteria used in the Board Assessment
31. Annual Performance Assessment conducted by the Board of Directors Committees
IV. BONUS
1. Global Reporting Index
2. Audited Annual Financial Report released within 30 days upon receipt from COA
V. PENALTY
1. Members of the Board of Directors does not hold other positions in other GOCCs and PLCs
2. Compliance with Good Governance Conditions