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Corporate Governance Scorecard (2018)

CORPORATE GOVERNANCE SCORECARD FOR GOCCs (2017)
# Question Yes No Reference/Justification
I. Stakeholder Relationships (15%)
1. Does the GOCC disclose a policy that:
  a. Stipulates the existence and scope of its efforts to address customer’s welfare.   1. 2018 GSIS Annual Report
2. Revised GSIS Manual of Corporate Governance, pp. 24-28
3. GSIS Citizens’ Charter, pp. 2-43
4. Milestone Benefits for Pensioners
5. PPG No. 262-14 – Transaction Monitoring System (TMS)
6. Office Order 338-17 – Data Privacy
7. PPG No. 320-18-Simplified Documentary Requirements
8. PPG No. 327-18-GSIS Financial Assistance Loan
9. PPG No. 324-18-Permanent Total Disability
10. PPG No. 329-18-Revised Guidelines on Funeral Benefit
11. Policies 1 (2017)
12. Policies 2 (2017)
13. Policies 3 (2017)

  b. Elaborates its efforts to interact with the communities in which they operate?   1. 2018 GSIS Annual Report
2. Revised GSIS Manual of Corporate Governance, pp. 24-28
3. Adopt-a-School Program
4. PPG No. 281-15 – Revised GSIS Scholarship Program
5. PPG No.303-16 – Enhanced GSIS Scholarship Program
6. PPG No. 313-17 – Educational Assistance Loan II
7. Policies
  c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development ?   1. 2018 GSIS Annual Report
2. Revised GSIS Manual of Corporate Governance, pp. 27-28
3. Office Order No. 158-12 – Designation of a Pollution Control Officer
4. Office Order No. 160-12 – Creation of GSIS National Greening Program Oversight Committee
5. Office Order No. 211-13 – Constitution of the GSIS Disaster Contingency Committee
6. Office Order No. 221-14 – Designation of an Energy Conservation Officer
7. Office Order No. 284-15 -Guidelines on Cost Savings Program
8. Office Order No. 334-17 -Best Practices Policy
9. Office Order No. 349-17 -Energy Conservation Policy
10. Policies

2. Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies:
  a. Customer health and safety   1. 2018 GSIS Annual Report
2. Activities 1
3. Activities 2
4. Activities 3
5. Activities 4 (2017)
6. Activities 5 (2017)
7. Activities 1 (2018)
8. Activities 2 (2018)

  b. Interaction with the communities   1. 2018 GSIS Annual Report
2. Activities 1
3. Activities 2
4. Activities 3 (2017)
5. Activities 4(2017)
6. Activities 5(2017)
7. Activities 6(2017)
8. Activities(2018)
  c. Environmentally-friendly value chain   1. 2018 GSIS Annual Report
2. Activities 1
3. Activities 2
4. Activities 3 (2017)
5. Activities(2018)
3. Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section   1. 2018 GSIS Annual Report
2. Corporate Social Responsibility Page
4. Where stakeholder 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 (eg. customers, suppliers, general public, etc.) can use to voice their concerns and/or complaints for possible violation of their rights?   Contact details for complaints of other stakeholders:
1. STAKEHOLDERS’ HOTLINE: (02)891-6270
2. GSIS Contact Center
3. GSIS Citizen’s Charter
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?   1. 2018 GSIS Annual Report
2. Revised GSIS Manual of Corporate Governance, p.7
3. PPG No. 228-13 – GSIS Office Rules and Regulations
4. PPG No. 246-13 – The GSIS Health and Wellness Program
5. PPG No. 299-15 – The GSIS Drug-Free Workplace
6. Office Order No. 247-14 – Use and Promotion of Gender Fair Language
7. Office Order No. 297-16- Home or Hospital Visit for Employees
8. PPG No. 325-18 – Drug Free Workplace
  b. Does the GOCC publish data relating to health, safety, and welfare of its employees   1. 2018 GSIS Annual Report
2. Employees Health Welfare Activites (2016)
3. Employees Health Welfare Activites (2017)
4. Employees Health Welfare Activites (2018)
5. Activities 1 (2017)
6. Activities 2 (2017)
7. Activities(2018)
  c. Does the GOCC have training and development programmes for its employees   1. 2018 GSIS Annual Report
2. Revised GSIS Manual of Corporate Governance, p.7
3. GSIS Competency Framework
4. PPG No. 236-13 – The GSIS Group Performance Appraisal System
5. PPG No. 277-15 – Amendment to PPG No. 236-13
6. PPG No. 289-15 – GSIS Employee Development Program
7. PPG No. 290-15- GSIS Cross Training Program for the Rank-and-File
8. PPG No. 291-15 – GSIS Leadership Program
9. PPG No. 294-15 – The Revised GSIS Awards and Recognition System
10. Policies (2017)
11. PPG No. 324-18 – Attendance to GSIS Learning and Development Programs
  d. Does the GOCC publish data on training and development programs for its employees   1. 2017 Training Programs Conducted
2. 2018 Training Programs Conducted
2. Activities 1
3. Activties 2
6. 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
  a. Does the GOCC have procedures for complaints by employees concernng illegal (including corruption) and unethical behavior?   1. GSIS Whistleblower Policy
2. GCG Whistle Blowing Web Portal

  b. Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?   1. GSIS Whistleblower Policy
2. GCG Whistle Blowing Web Portal

 
II. Disclosure and Transparency (35%)
7. Quality of Annual Report
Does the GOCC’s annual report disclose the following items:
  a. Corporate Objectives   2018 GSIS Annual Report
  b. Financial Performance Indicators   2018 GSIS Annual Report
  c. Non-financial performance indicators   2018 GSIS Annual Report
  d. Details of whistle-blowing policy   1. GSIS Whistleblower Policy
2. GCG Whistle Blowing Web Portal
3. 2018 GSIS Annual Report
  e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and other directorships of listed companies) of directors/commissioners   2018 GSIS Annual Report

  f. Training and/or continuing education programme attended by each director/commissioner   2018 GSIS Annual Report

8. Are the Annual Reports downloadable from the GOCC’s website?   Annual Reports page
9. Corporate Governance Confirmation Statement
    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, identify and explain reasons for each issue?   2018 GSIS Annual Report
10. Timely filing/release of annual/financial reports
  a. Are the audited financial report/statement released within 60 days upon receipt from COA?   2018 Audited Financial Statement

Date of Receipt (from COA): 26 June 2019

Date Released/Published: 1 July 2019
  b. Is the annual report released within 90 days from release of audited financial report?   Date when Audited Financial Report was released/published: 26 June 2019

Date when Annual Report was released/published: 16 September 2019
  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?   1. 2018 GSIS Annual Report, Statement of Management Responsibility
2. 2018 GSIS Annual Report, Audit Committee

3. Revised GSIS Manual of Corporate Governance, p.30

 
III. Responsibilities of the Board (50%)
11. Corporate Vision/Mission
  a. Has the Board of Directors reviewed the vision and mission/corporate strategy in the last financial year   1.2018 GSIS Annual Report
2. Strategic Planning Seminar Workshop conducted by the Human Resource Innovations and Solutions Inc. (HURIS) [held on 14 August 2018 and 29 August 2018 at the Tower Club Makati and GSIS Home Office, respectively]

  b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy?   1. Revised GSIS Manual of Corporate Governance, pp. 6-7
2. 2018 GSIS Annual Report
12. Did the GOCC achieve 90% in the PES?   1. PES Rating: Still for consideration by the GCG
2.