Does the GOCC disclose a policy that:
Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section?
Where stakeholders interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights
Does the GOCC provide 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?
Posted in the home page section, stakeholders may raise their concern through sending email to firstname.lastname@example.org
Performance-enhancing mechanisms for employee participation should be permitted to develop.
See 2017 Summary of External Training Attended in this link http://ndc.gov.ph/training-schedule/
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.
See Section 5 of this link –> http://ndc.gov.ph/wp-content/uploads/transparency-seal/Whistle%20Blowing%20Policy.pdf
See Section 10 of this link –> http://ndc.gov.ph/wp-content/uploads/transparency-seal/Whistle%20Blowing%20Policy.pdf
Quality of the Annual Report. Does the GOCC’s AR disclose the following items:
Is the Annual Report downloadable from the GOCC website?
Yes, annual reports are downloadable in both the transparency seal and corporate governance section of NDC website.
Corporate Governance Confirmation Statement
Timely filing/release of annual/financial reports
Yes, annual financial reports/statements are posted in the Transparency Seal and Corporate Governance section of the NDC website upon receipt by the Office of the General Manager.
Yes, see below link for 2017 financial report
Yes, annual financial report is reviewed by the General Manager and Chairman of the Board of Directors.
Did the GOCC achieve 90% in the PES?
Code of ethics or conduct
Does the Board appoint a Nomination Compensation/Renumeration Committee?
Did the Nomination Compensation/Remuneration Committee meet at least twice during the year? If yes, is the report of the Nomination Compensation/Renumeration Committee publicly disclosed?
Does the Board appoint an Audit Committee? If yes, is the report of the Audit Committee publicly disclosed?
Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Did the Audit Committee meet at least four times during the year?
Does the Board appoint a Risk Management Committee? If yes, is the report on Risk Management Committee publicly disclosed?
Does at least one member of the Risk Management Committee have a background in finance and investments?
Board meetings and attendance
YES, see attendance records for 2017
Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
Access to information
It is NDC’s policy that agenda folders containing the Materials for the board meeting are distributed to the Board Members at least 7 days before the Board Meeting.
Yes, NDC’s Board Secretary is a lawyer. See resume of Board Secretary in this link–>http://ndc.gov.ph/wp-content/uploads/2019/06/NDC-CORPORATE-SECRETARY.pdf
Board of Directors Development
Stakeholder’s Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
Disclosure and Transparency:
Are the audited annual financial report/statement released within 30 days upon the receipt from COA?
Responsibilities of the Board