Question

Y / N

Compliance Reference

I. STAKEHOLDER RELATIONSHIPS
1. Does the GOCC disclose a policy that: Sec 38, MWSS Manual on Corporate Governance (MMCG)
a. Stipulates the existence and scope of its effort to address customer’s welfare? Y AR 2017 pgs 15, 16, 56
Sec 40, MMCG; pgs1, 2 MWSS Code of Ethical Standards (MCES)
b. Elaborates its effort to interact with the communities in which they operate?
c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development? Y AR 2017 P53
2. Does the GOCC disclose the activities that it has undertaken to implement the following:
a. Customer health and safety Y AR 2017 p50;
Sec 42, MMCG
b. Interaction with the communities Y AR 2017 P56-57
c. Environmentally- friendly value chain? Y AR 2017 P 50, 53
3. Does the GOCC have a separate CSR report/section? Y Sec. 37-CSR Principles, MWSS Manual on Corporate Governance (MMCG)
4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. Y Sec. 37-CSR Principles, MWSS Manual on Corporate Governance (MMCG)
a. Does the GOCC provide contact details of concerned officers, feedback officer (tel no. email address, other vital info?) Y Contact Details
5. Performance-enhancing mechanisms for employee participation should be permitted to develop.
a. Does the GOCC explicitly mention the health, safety and welfare policy for its employees? Y CNA 2014-2017 – Article IX

MWSS Manual on Corporate Governance (MMCG) Pages 12, 19-20, Section 31

MWSS Employee’s Briefing Manual, pp. 9-11

b. Does the GOCC publish data relating to health, safety and welfare of its employees? Y MWSS Manual on Corporate Governance (MMCG) Sec 42

AR 2017 pp. 49-50, 54

c. Does the GOCC have training and development programs for its employees? Y Competency Based Learning and Development Plan
d. Does the GOCC publish data on training and development programs for its employees? Y Competency-Based Learning and Development Plan
6. Stakeholders including individual employees 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.
a. Does the GOCC have procedures for complaints by employees concerning illegal and unethical behavior?
b. Does the GOCC have procedures to protect an employee from retaliation?
II. DISCLOSURE AND TRANSPARENCY
7. Quality of Annual Report
a. Does the GOCC’s Annual Report disclose the ff:
a. 1 Corporate Objectives Y AR 2017 P47
a. 2 Financial Performance Indicators Y AR 2017 P47, 79-85
a. 3. Non-financial performance indicators Y AR 2017 P47-48
a. 4 Details of whistleblowing policy
a.5 Biographical details of directors Y https://mwss.gov.ph/transparency-seal-2/

2017 Board of trustees’ Profiles:

a.6 Training and/or continuing education program attended by each director
8. Are the annual reports downloadable from the GOCC’s website? Y mwss.gov.ph/?s=ANNUAL#
9. Corporate Governance Confirmation Statement
a. Does the annual report contain a statement confirming the company’s full compliance with the code of corporate governance and where there is non-compliance, identity and explain reasons for each such issue?
10. Timely filing/release of annual/financial reports Y AR 2017 P79
a. Are the audited annual financial report/statement released within 60 days upon receipt from COA? N Received the COA 2017 Annual Audited Report on 26 June 2018; same was posted on 9 Nov 2018
b. ls the annual report released within 90 days from release of audited financial report? N COA 2017 Annual Audited Report was received on 26 June 2018; same was posted on 10 December 2018
c. ls 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? SMR for AITR 2016

SMR for AITR 2017

SMR for AITR 2018

Responsibilities of the Board
11. Corporate Vision/Mission https://mwss.gov.ph/vision/

https://mwss.gov.ph/mission/

a. Has the Board of Directors reviewed the vision and mission/strategy in the last financial year?
b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy? Y p11, MMCG
12. Did the GOCC achieve 90% in the PES?
13. Code of ethics or conduct Y Code of Conduct & No gift Policy
a. Are the details of the code of ethics or conduct disclosed? Y Code of Conduct & No gift Policy
b. Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code? Y MWSS Code of Ethical Standards (MCES) p1
c. Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
14. Does the Board appoint a Nomination and Compensation / Remuneration Committee?
15. Did the Nomination and Compensation/Remuneration Committee meet at least twice during the year?
16. If yes, is the report of the Nomination and Compensation/Remuneration Committee publicly disclosed?
17. Does the Board appoint an Audit Committee?
18. lf yes, is the report of the Audit Committee publicly disclosed?
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
20. Did the Audit Committee meet at least four times during the year?
21. Does the Board appoint a Risk Management Committee?
22. If yes, is the report on Risk Management Committee publicly disclosed?
23. Does at least one member of the Risk Management Committee have a background in finance and investments?
24. Board meetings and attendance
a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1 )
b. Does the Board of Directors meet at least monthly? Y https://mwss.gov.ph/wp-content/uploads/Regular-meetings.pdf
c. Did the Board of Directors meet on at least 75% on their scheduled meetings? Y https://mwss.gov.ph/wp-content/uploads/Regular-meetings.pdf
d. Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year? Y https://mwss.gov.ph/wp-content/uploads/Regular-meetings.pdf
e. Did the Board of Directors meet separately at least once during the year without the President/CEO present?
25. Access to information
a. Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
b. Is the Board Secretary trained in legal, accountancy or company secretarial Practices?
26. Internal Audit
a. Does the company have a separate internal audit function?
b. Does the appointment and removal of the internal auditor require the approval of the Audit Committee?
27. Risk Oversight
a. Does the company disclose the internal control procedures/risk management systems it has in place?
b. Does the Annual Report disclose that the Board of Directors/Commissioners has overseen a review of the company’s material controls (including operational, financial and compliance controls) and risk management systems?
c. Does the company disclose how key risks are managed?
d. Does the Annual Report contain 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? Y mwss.gov.ph/transparency-seal-2/
29. Board of Directors Development
a. Does the GOCC have orientation programmes for new Directors?
b. Does the GOCC have a policy that encourages Directors/Commissioners to attend ongoing or continuous professional education programmes?
c. Did all Appointive Directors attend at least 1 training for the calendar year?
30. Board Appraisal
a. Is an annual performance assessment conducted of the Board of Directors?
b. Does the GOCC disclose the process followed in conducting the Board assessment?
c. Does the GOCC disclose the criteria used in the Board assessment?
31. Committee Appraisal
a. Is an annual performance assessment conducted of the Board of Directors Committees?
BONUS
STAKEHOLDER RELATIONSHIPS
1. Does the GOCC practice Global Reporting lndex (GRl) on its annual reports?
DISCLOSURE AND TRANSPARENCY
2. Quality of Annual Report N Received the COA 2017 Annual Audited Report on 26 June 2018; yet was posted on 9 Nov 2018
1. Are the audited annual financial report/statement released within 30
days upon the receipt from COA?
PENALTY
RESPONSIBILITIES OF THE BOARD
1. Are there members of the Board of Directors who hold more than five (5)
positions in GOCCs and PLCs?
2. ls there non-compliance with Good Governance Conditions?