Promise 9: Review of government owned or controlled corporations (GOCCs)
Government Ethics | 07/25/2010 12:09 AM
Review the mandates and performance of government agencies and Government Owned or Controlled Corporations (GOCCs).
The Aquino campaign platform: Action plans on Corruption
Promise 6: Government appointments: follow civil service eligibility rules
Promise 7: Streamlining of the government bureaucracy
Promise 8: Systematic evaluation of government agencies and civil servants
Promise 14: Reduce government overhead
February 11, 2011: President Aquino signed Executive Order No. 24 in February 2011 "to address deep concerns on the excessive and unreasonable pay and perks received by board members and trustees of GOCCs and GFIs (government-owned and -controlled corporations and government financial institutions)," according to a statement issued by Malacañang. (Continue Reading)
Senate OKs Governance Act
MANILA, Philippines - The Senate on Monday ratified a bill setting standards for government-owned and -controlled corporations (GOCC) and creating a body that will govern them. The GOCC Governance Act of 2011, which creates the Governance Council for GOCCs, was approved with only one objection from Sen. Joker Arroyo. It was earlier approved by senators and congressmen comprising the bicameral conference committee. Once ratified by the House of Representatives, it only needs the President's signature to become a law. (Continue reading)
EO imposing cap on pay/perks of GOCCs execs out next week
President Benigno S. Aquino III today (Friday) said the executive order imposing a cap on the salaries and perks of executives of government-owned and controlled corporations (GOCCs) will be issued next week and “would become part of the law of the land.” (Continue reading)
Senators question intel funds of GOCCs (abs-cbnNEWS.com, August 17, 2010)
MANILA, Philippines - Several senators on Tuesday raised doubts over the use of intelligence funds of government-owned and -controlled corporations (GOCCs) that can be used as discretionary funds of top GOCC executives.
Sen. Ferdinand "Bongbong" Marcos Jr. said he was surprised that the Subic Bay Metropolitan Authority would allot P5 million in corporate funds for "intelligence" when government agencies such as the Philippine Drug Enforcement Agency (PDEA) do not have an intelligence fund. (Continue reading)
Palace welcomes probe into GOCC pay, perks (abs-cbnNEWS.com, August 11, 2010)
MANILA, Philippines - Malacañang praised Wednesday the Senate's move to investigate the alleged excessive salaries and benefits of top officials of government-owned and controlled corporations (GOCCs).
In a press briefing, Presidential Spokesman Edwin Lacierda said the inquiry on GOCC executives' perks and pay runs parallel to the administration's own effort to ensure that GOCCs are performing well. (Continue reading)
Senate probes GOCC execs' paychecks (abs-cbnNEWS.com, August 10, 2010)
The Senate on Tuesday said it will begin its inquiry into the alleged excessive salaries and benefits of executives of government-owned and controlled corporations (GOCCs) starting August 17. (Continue reading)
Palace to study SBMA officials’ ‘fat’ paychecks (abs-cbnNEWS.com, August 9, 2010)
MANILA, Philippines - The Aquino administration will study the legitimacy of the high salaries and allowances that top officials of the Subic Bay Metropolitan Authority are allegedly getting.
In a press conference, Presidential Spokesperson Edwin Lacierda said the salaries of officials are based on its charter “so we will have to study them and we’re listening to the explanation of SBMA right now.” (Continue reading)
Bonuses of other GOCCs will also be checked - Palace (abs-cbnNEWS.com, July 27, 2010)
MANILA, Philippines - Now that the Aquino administration let the cat out of the bag, Malacañang said officials of government-owned and -controlled corporations (GOCCs) should take heed.
In a press conference, Presidential spokesman Edwin Lacierda said the Office of the President will also scrutinize the benefits received by high-ranking officials of other GOCCs. (Continue reading)
Aquino hits MWSS board members' hefty bonuses (abs-cbnNEWS.com, July 26, 2010)
MANILA, Philippines - President Benigno Aquino III said he discovered several anomalies in the funds of regulator Metropolitan Waterworks and Sewerage System (MWSS), including the hefty bonuses of its top officials.
In his state of the nation address or SONA, Aquino said that in 2009, the MWSS payroll totaled P51.4 million pesos, plus additional allowances and benefits amounting to P160.1 million or a total of P211.5 million. (Continue reading)