Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?
Y
The GOCC must explicitly state the 1.) date of receipt of the AFS from COA and 2.) the date when the AFS was released/published online.
An N/A rating will be given for this item if the COA-audited financial report is not yet available or not yet transmitted to the GOCC, provided that the evidence/ proof of their financial reports have already been submitted for audit and that they disclose their unaudited financial reports instead.
II
10.b
Is the annual report released within 90 days from release of audited financial report?
Y
The GOCC must explicitly state the 1.) date of receipt of the AFS from COA and 2.) the date when the Annual Report was released/published online
II
10.c
Is the 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?
Y
There should be a statement onlione made by the Directors and/or relevant officers confirming the truth/veracity and fairness of the GOCC’s financial statements.
SEE SEC. CERTIFICATE DATED JULY 3, 2022
Y
COMPONENT
GOCC SUBMISSION
GCG VALIDATION
GRP
ITEM
QUESTION
ANS
GUIDE
COMPLIANCE
ANS
REFERENCE LINK/SUPPORTING DOCUMENTS
ANS
REMARKS
III. Responsibilities of the Board
III
12
Did the GOCC achieve 90% in the PES?
Y
The GOCC must publish the GCG-validated performance scorecard on the year being assessed.
Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
Y
The GOCC must publicly disclose that it has adopted integrated reporting based on the GRI framework for its disclosures.
N/A
IV
2 Timely release of annual financial report
Is the audited annual financial report/statement released within 30 days upon receipt from COA?
Y
The GOCC must explicitly state the date when the AFS was released from COA and when it was plublished.
C/O LOTA
V. Penalty
V
1 Responsibilities of the Board
Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
N
The GOCC must name all the directorships of their Appointive Direcotrs to other GOCCs and PLCs. Should the Director have more than 5 positions in other GOCCs and PLCs, the GOCC will be marked N on this item.
UNKNOWN
N
V
2 Responsibilities of the Board
Is there non-compliance with Good Governance Conditions?
N
Thhe GOCC must disclose the results of GCG’s evaluation of its good governance conditions. Should the GOCC fail to comply with two or more conditions, it will be marked N on this item.
