The Governance Commission for Government- Owned and Controlled Corporations (GCG) was created to lead the reform movement brought about by policy shortfalls and weak executive action. One reason GCG sought to implement the Performance Governance System (PGS) was to have a guide in its efforts to rationalize the sector and to strengthen executive leadership in its member organizations.
GCG aims to decrease the number of government corporations, whether by combining those with similar functions or removing those that are not performing, to 94 by the end of 2015 from a baseline of 140 corporations in 2013. As of today, there are 105 existing government corporations. For GCG, the rationalization effort plays a big role in the conservation and strategic use of resources.
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Hon. Cesar L Villanueva presents on the last May 2015 Public Governance Forum at Philippine International Convention Center
PGS requires that partner organizations create an office to oversee the implementation of reforms within the organization. For GCG, this is the Strategy Management Division (SMD), now also tasked with prioritizing initiatives and allocating budget.
In the last public governance forum, this office reported the following allocations: Php2-million to be investment in strategy management; Php5.2-million to be invested in competency training; Php1-million to be invested in aligning with international policy standards; Php1-million to be invested in a stakeholder satisfaction survey; Php10-million to be invested in the continued development of the Whistleblowing Program in partnership with Transparency International; and Php7.8-million to be invested in an Integrated Corporate Reporting System website.
90% budget utilization is now a key performance indicator for each office and division in GCG. This ensures prudence in financial planning and spending.
To contact the writer of this story, send an email to Marielle Antonio at [email protected].
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