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Corporate Governance Scorecard (2019)

CORPORATE GOVERNANCE SCORECARD FOR GOCCs (2019)
Question Reference/Justification
1. Does the GOCC disclose a policy that:
  a. Stipulates the existence and scope of its efforts to address customer’s welfare.

YES

The GSIS discloses policies that stipulate the existence and scope of its efforts to address customer’s welfare through the following mechanisms/issuances:

  1. 2019 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. Policies 1 (2017)
  7. Policies 2 (2017)
  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 (2019)
  12. Policies 2 (2019)
  b. Elaborates its efforts to interact with the communities in which they operate?

YES

The GSIS discloses policies that elaborate its efforts to interact with the communities in which it operates through the following mechanisms/issuances:

  1. 2019 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(2018)
  8. Policies(2019)
  c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development ?

YES

The GSIS discloses policies that ensure its value chain is environmentatlly friendly or is consistent with promoting sustainable development through the following mechanisms/issuances:

  1. 2019 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. 349-17 -Energy Conservation Policy
  9. Policies(2018)
  10. Policies(2019)
2. Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies:
  a. Customer health and safety

YES

The GSIS discloses various activities undertaken relative to customer health and safety through the official GSIS newsletter (GNews Digest). News articles, reports and photos relevant thereto are attached as follows:

  1. 2019 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)
  9. Activities (2019)
  b. Interaction with the communities

YES

The GSIS discloses various activities undertaken relative to its interaction with communities through the official GSIS newsletter (GNews Digest). News articles, reports and photos relevant thereto are attached as follows:

  1. 2019 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)
  9. Activities(2019)
  c. Environmentally-friendly value chain

YES

The GSIS discloses various activities undertaken relative to having an environmentally-friendly value chain through the official GSIS newsletter (GNews Digest). News articles, reports and photos relevant thereto are attached as follows:

  1. 2019 GSIS Annual Report
  2. Activities 1
  3. Activities 2
  4. Activities 3 (2017)
  5. Activities(2018)
  6. Activities(2019)
3. Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section

YES

The GSIS has a separate CSR report/section or sustainability report/section as reflected on the following links:

  1. 2019 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?

YES

The GSIS provides contact details for its stakeholders through its company website. The links are follows:

  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?

YES

The GSIS explicitly mentions the health, safety and welfare policy for its employees through the following mechanisms/issuances:

  1. 2019 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
  9. Policies(2019)
  b. Does the GOCC publish data relating to health, safety, and welfare of its employees

YES

The GSIS publishes data relating to health, safety and welfare of its employees through the GSIS Newsletter (GNews Digest). News articles, reports and photos relevant thereto are attached as follows:

  1. 2019 GSIS Annual Report
  2. Employees Health Welfare Activites (2016)
  3. Employees Health Welfare Activites (2017)
  4. Employees Health Welfare Activites (2018)
  5. Employees Health Welfare Activities (2019)
  6. Activities 1 (2017)
  7. Activities 2 (2017)
  8. Activities(2018)
  9. Activities(2019)
  c. Does the GOCC have training and development programmes for its employees

YES

The GSIS has training and development programs for its employees which are embodied in the following issuances:

  1. 2019 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
  12. PPG No. 346-19 – Enhanced Leadership Development Program
  d. Does the GOCC publish data on training and development programs for its employees

YES

The GSIS publishes data on training and development programs for its employees through the GSIS Newsletter (GNews Digest). News articles, reports and photos relevant thereto are as follows:

  1. Activities 1(2015)
  2. Activties 2(2016)
  3. 2017 Training Programs Conducted
  4. 2018 Training Programs Conducted
  5. 2019 Training Programs Conducted
  6. Activities(2019)
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?

YES

The GSIS has procedures for complaints by employees concerning illegal (including corruption) and unethical behavior as embodied in the following issuance/mechanism:

  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?

YES

The GSIS has procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation as embodied in the following issuance/mechanism:

  1. GSIS Whistleblower Policy
  2. GCG Whistle Blowing Web Portal
7. Quality of Annual Report
Does the GOCC’s annual report disclose the following items:
  a. Corporate Objectives

YES

The Corporate Objectives are disclosed in the *2019 GSIS Annual Report.

  b. Financial Performance Indicators

YES

The Financial Performance Indicators are disclosed in the *2019 GSIS Annual Report.

  c. Non-financial performance indicators

YES

The Non-financial Performance Indicators are disclosed in the *2019 GSIS Annual Report.

  d. Details of whistle-blowing policy

YES

The Details of GSIS’ Whistle-Blowing Policy are disclosed in the *2019 GSIS Annual Report and through the following links:

  1. GSIS Whistleblower Policy
  2. GCG Whistle Blowing Web Portal
  e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and other directorships of listed companies) of directors/commissioners

YES

The Biographical Details of the GSIS Board of Trustees are disclosed in the *2019 GSIS Annual Report and through the following link – Board of Trustees

  f. Training and/or continuing education programme attended by each director/commissioner

YES

The Training and/or Continuing Education Programs attended by each GSIS Trustee are disclosed in the *2019 GSIS Annual Report and through the following links:

  1. Board of Trustees
  2. Board of Trustees Continuing Education
8. Are the Annual Reports downloadable from the GOCC’s website?

YES

The Annual Reports are downloadable from the GSIS website through this link – 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?

YES

The *2019 GSIS Annual Report contain a statement confirming the company’s full compliance with the code of corporate governance.

10. Timely filing/release of annual/financial reports
  a. Are the audited financial report/statement released within 60 days upon receipt from COA?

YES

The 2018 Audited Financial Statement is released within 60 days upon receipt from COA. Relevant dates are follows:

Date of Receipt: 26 June 2019

Date Released/Published: 1 July 2019 (5 days from receipt)”

  b. Is the annual report released within 90 days from release of audited financial report?

YES

The *2019 Annual Report is released within 90 days from release of audited financial report. Relevant dates are as follows:

Date when Audited Financial Report was released/published: 26 June 2019

Date when Annual Report was released/published: 20 September 2019 (86 days from release of audited financial report)”

  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?

YES

The true and fairness/fair representation of the annual financial statement/reports is affirmed by the GSIS Board of Trustees through the following mechanisms:

  1. 2019 GSIS Annual Report, Statement of Management Responsibility
  2. 2019 GSIS Annual Report, Audit Committee
  3. Revised GSIS Manual of Corporate Governance, p.30
11. Corporate Vision/Mission
  a. Has the Board of Directors reviewed the vision and mission/corporate strategy in the last financial year

YES

The GSIS Board of Trustees reviewed the vision and mission/corporate strategy in the last financial year.
through the conduct of a Strategic Planning Conference facilitated by the People Ignite Organizational Development and Training, Inc. on 24-25 October 2019 at the Coconut Palace, CCP Complex, Pasay City. In the said activity, the GSIS Board of Trustees reviewed the Vision Mission and Values (VMV) as well as the corporate strategy of the GSIS. The following are relevant links relative to the said activity:

  1. 2019 GSIS Annual Report
  2. Strategic Planning Seminar Workshop conducted by the People Ignite Organizational Development and Training, Inc., held on 24-25 October, 2019 at the Coconut Palace, CCP Complex, Pasay City. In the said activity, the Board of Trustees reviewed the Vision Mission and Values (VMV) as well as the corporate strategy of the GSIS.
  3. 2019 Corporate Governance Committee Report – In October 2019, the Board reviewed the Vision, Mission Statement, and Core Values of the GSIS as an institution.
  4. Board reviews GSIS corporate strategy
  b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy?

YES

The GSIS Board of Trustees monitor/oversee the implementation of the corporate strategy as reflected in the following issuances:

  1. Revised GSIS Manual of Corporate Governance, pp. 6-7
  2. 2019 GSIS Annual Report
12. Did the GOCC achieve 90% in the PES?

YES

The GSIS’ PES Rating is still for consideration of the GCG. Below are relevant links for reference:

  1. PES Rating: Still for consideration by the GCG
  2. 2019 Performance Scorecard
  3. 2019 PES
13. Code of ethics or conduct
  a. Are the details of the code of ethics or conduct disclosed?

YES

The details of the Code of Ethics/Conduct are disclosed through the following mechanisms/issuances:

  1. Revised GSIS Manual of Corporate Governance. P.21
  2. PPG No. 228-13 – GSIS Office Rules and Regulations
  3. PPG 257-14 Amended GSIS “No Gift” Policy
  4. Revised Rules on Administrative Cases in Civil Service (RRACCS)
  b. Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?

YES

The GSIS discloses that all all Directors/Commissioners, senior management and employees are required to comply with the code. Below are links on the mechanism/issuance relevant thereto:

  1. Revised GSIS Manual of Corporate Governance
  2. PPG No. 228-13 – GSIS Office Rules and Regulations, p.2 – “this PPG shall cover all GSIS officials and employees, regardless of employment status, in all GSIS offices”
  c. Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?

YES

The GSIS discloses how it implements and monitors compliance with the code of ethics or conduct. Below are links on the mechanism/issuance relevant thereto:

  1. 2019 Corporate Governance Committee Report – The Committee monitored the administrative cases on appeal to the regular courts through the regular monthly reports submitted by the Legal Services Group. xxx xxx xxx In line with the thrust of the Board to recruit, develop, and retain a competent workforce, the Committee reviewed various policies and programs designed to instill the core values of professionalism, service excellence, and teamwork.
  2. PPG No. 228-13 – GSIS Office Rules and Regulations – distributed to the Board of Trustees, Office of the President and General Manager, All Senior Vice Presidents, All Vice Presidents, All Officers IV, All Branch Managers
14. Does the Board appoint a Nomination and Compensation / Remuneration Committee

YES

The GSIS Board of Trustees’ Corporate Governance Committee also functions as the Nomination and Compensation/Remuneration Committee. Below are links relevant thereto:

  1. 2019 GSIS Annual Report
  2. Board Committees as of 31 December 2019
  3. The Corporate Governance Committee functions as the Nomination/Remuneration Committee
15. Did the Nomination and Compensation / Remuneration Committee meet at least twice during the year?

YES

The GSIS Corporate Governance Committee which also functions as the Nomination and Compensation/Remuneration Committee meets at least twice during the year. Here is the link for the meeting schedule/attendance:

  1. 2019
16. If yes, is the report of the Nomination and Compensation / Remuneration Committee publicly disclosed?

YES

The report is publicly disclosed through the *2019 Annual Report and the 2019 Corporate Governance Committee Report.

17. Does the Board appoint an Audit Committee?

YES

The GSIS Board of Trustees appoints an Audit Committee. Below are links relevant thereto:

  1. 2019 GSIS Annual Report
  2. Board Committees as of 31 December 2019
18. If yes, is the report of the Audit Committee publicly disclosed?

YES

The report is publicly disclosed through the *2019 Annual Report and the 2019 Audit Committee Report.

19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?

YES

The GSIS Audit Committee has at least one member who has an audit, accounting or finance background (qualification or experience). Below are links relevant thereto:

  1. 2019 GSIS Annual Report
    (Profile of Trustee Jocelyn De Guzman Cabreza)
  2. Board Committees as of 31 December 2019
20. Did the Audit Committee meet at least four times during the year?

YES

The GSIS Audit Committee meets at least four times during the year. Here is the link for the meeting schedule/attendance:

– Meetings of the Audit Committee:

  1. 2019
21. Does the Board appoint a Risk Management Committee?

YES

The GSIS Board of Trustees appoints a Risk Oversight Committee. Below are links relevant thereto:

  1. 2019 GSIS Annual Report
  2. Board Committees as of 31 December 2019
22. If yes, is the report of the Risk Management Committee publicly disclosed?

YES

The report is publicly disclosed through the *2019 Annual Report and the 2019 Risk Oversight Committee Report.

23. Does at least one member of the Risk Management Committee have a background in finance and investments?

YES

The GSIS Risk Oversight Committee has at least one member who has a background in finance and investments. Below are links relevant thereto:

  1. 2019 GSIS Annual Report
    (Profile of Trustee Wilfredo C. Maldia
  2. Board Committees as of 31 December 2019
24. Board meetings and attendance
  a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)

YES

The meetings of the GSIS Board of Trustees are scheduled at the beginning of the year (end of first quarter). Below are relevant links providing for the meeting scheduling.

  1. Revised GSIS Manual of Corporate Governance, p.7
  2. Revised GSIS Board Protocols, pp. 21-22
  b. Does the Board of Directors meet at least monthly?

YES

The GSIS Board of Trustees meets at least monthly. Here is the link for the meeting schedule/attendance: – 2019 Meetings of the Board of Trustees

  c. Did the Board of Directors meet on at least 75% on their scheduled meetings?

YES

The GSIS Board of Trustees meet on at least 75% on their scheduled meeting. Here is the link for the meeting schedule/attendance: – 2019 Agreed Meeting Schedule and Attendance of the Board of Trustees

  d. Has each of the directors/commissioners attended at least 90% of all the Board meetings held during the year?

YES

Each of the Trustee attended at least 90% of all the Board meetings held during the year. Here is the link for the meeting schedule/attendance: – 2019 Meetings of the Board of Trustees

  e. Did the Board of Directors meet separately at least once during the year without the President/CEO present?

YES

The Board of Trustees held meetings without the presence of the President and General Manager on 21 May 2019 (Audit Committee Meeting) and on 22 May 2019 (Board Meeting).

  1. The Board of Trustees held meetings without the presence of the President and General Manager on 21 May 2019 (Audit Committee Meeting) and on 22 May 2019 (Board Meeting).
25. Access to information
  a. Does the GOCC have a policy that stipulates board papers for Board of Directors/Comissioners

YES

The GSIS has a policy that stipulates board papers for the Board of Trustees as provided in the – Revised GSIS Board Protocols, pp.23-24

  b. Is the Board Secretary trained in legal, accountancy or company secretarial practices?

YES

The GSIS Corporate Secretary is trained in legal, accountancy or company secretarial practices. Here is the link to the – Profile of Atty. Luz Victoria F. Reyes-Morando.

26. Internal Audit
  a. Does the company have a separate internal audit function?

YES

The GSIS has a separate internal audit function performed by the Internal Audit Services Office. Below are relevant links for reference:

  1. 2019 GSIS Annual Report(VP Juliet Bautista)
  2. Revised GSIS Manual of Corporate Governance, pp8,15
  3. Audit Committee Charter
  b. Does the appointment and removal of the internal auditor require the approval of the Audit Committee?

YES

The appointment and removal of the internal auditor require approval of the Audit Committee. Below are relevant links for reference:

  1. Audit Committee Charter
  2. GSIS Organizational Chart
27. Risk Oversight
  a. Does the company disclose the internal control procedures/risk management systems it has in place?

YES

The GSIS discloses the internal control procedures/risk management systems it has in place. Below are relevant links for reference:

  1. 2019 GSIS Annual Report
  2. Risk Management Program
  3. Revised GSIS Manual of Corporate Governance, pp.8,15,30
  4. Revised GSIS Manual of Corporate Governance, pp.7,8,15,18,29
  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?

YES

The #2019 GSIS Annual Report discloses that the GSIS Bord of Trustees has overssen a review of the company’s material controls (including operational, financial and compliance controls) and risk management systems through the following Committee reports embodied in the said Annual Report:

  1. 2019 GSIS Annual Report
  2. 2019 Audit Committee Report
  3. 2019 Risk Oversight Committee Report
  c. Does the company disclose how key risks are managed?

YES

The GSIS discloses how key risks are managed through the following mechanism/issuances:

  1. 2019 Annual Report
  2. Risk Management Program
  3. Risk Oversight Committee Charter
  4. Revised GSIS Manual of Corporate Governance, pp.7,8,15,18,29
  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?

YES

The #2019 GSIS Annual Report contain a statement from the GSIS Board of Trustees commenting on the adequacy of the GOCC’s internal controls/risk management systems through the #2019 Audit Committee Report

  1. 2019 GSIS Annual Report
  2. 2019 Audit Committee Report
28. Board Chairman
    Do different persons assume the roles of Chairman and CEO?

YES

Different persons assume the roles of Chairman and CEO.

  1. 2019 GSIS Annual Report

    January 2019 to July 3, 2019
    Chairman – Rolando L. Macasaet
    President and General Manager – Jesus Clint O. Aranas

    July 4, 2019 to December 2019
    Chairman and Acting President and General Manager – Rolando L. Macasaet

This is reflected also in the #2019 GSIS Annual Report.

29. Board Directors
  a. Does the GOCC have orientation programmes for new Directors?

YES

The GSIS has an Orientation Program for new Trustees. The same is embodied in the #Revised GSIS Board Protocols, p.15.

  1. Revised GSIS Board Protocols, p.15
  2. Orientation Programs for newly-appointed Trustees are whole-day affairs scheduled takes his oath of office. Upon arrival of the new Trustee, s/he is welcomed by the Corporate Secretary. A new Trustee’s Welcome Kit is then handed to her/him. The Kit contains several documents such as: A copy of Republic Act No. 8291 and its Implementing Rules and Regulations, The Revised GSIS Manual of Corporate Governance, The Revised GSIS Board Protocols, relevant issuances of the GCG (i.e. Fit and Proper Rule, Code of Corporate Governance, etc.), a copy of the Board Committee Charters, A Directory of GSIS Executives and Employees of the Office of the Corporate Secretary. The new Trustee and the Corporate Secretary discuss the contents of the Kit. After which, a meet-and-greet session is scheduled for the new Trustee to meet GSIS Executives, where the Officers of the GSIS Management may introduce themselves and give the Trustee a short orientation of their function and office.
  b. Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programmes?

YES

The GSIS has a policy that encourages its Trustees to attend on-going or continuous professional education programs. It is reflected in the #Revised GSIS Manual of Corporate Governance, p. 30.

  1. Revised GSIS Manual of Corporate Governance, p30
  c. Did all Appointive Directors attend at least 1 training for the calendar year?

YES

The members of the GSIS Board of Trustees attend at least 1 training for the calendar year. Below are relevant links:

  1. 2019 GSIS Annual Report
  2. Board of Trustees
  3. Board of Trustees Continuing Education
30. Board appraisal
  a. Is an annual performance assessment conducted for the Board of Directors?

YES

The GSIS Board of Trustees conducts an annual performance assessment through the use of the GSIS Board Evaluation Instrument (GBEI). The GBEI is a necessary tool in enhancing professionalism for Board members and an incentive for them to devote sufficient time and effort to their duties. It shall also be instrumental in developing effective induction and training programs for new and incoming members of the Board and shall serve as a tool for the GCG to determine eligibility for reappointment. In addition thereto, the GBEI was developed to complement the existing Director’s Performance Review employed by the GCG. The results hereof shall aid the Office of the Corporate Secretary and the Board in strengthening its efforts in adopting best Corporate Governance practices in the industry. Below are relevant links for reference:

  1. Revised GSIS Manual of Corporate Governance, p.30
  2. A performance assessment of the GSIS Board of Trustees was conducted on 9 Decemebr 2019 using the newly developed GSIS Board Evaluation Instrument (GBEI)
  b. Does the GOCC disclose the process followed in conducting the Board assessment?

YES

The GSIS discloses the process followed in conducting the Board Assessment. The results of the #GSIS Board Evaluation Instrument (GBEI)shall be interpreted based on the Guidelines set forth on the matter and shall be treated with utmost confidentiality. Once accomplished, the instrument shall be submitted to the Office of the Corporate Secretary (OCS) in a sealed envelope at a deadline set forth by the said OCS.

GSIS Board Evaluation Instrument (GBEI)

  c. Does the GOCC disclose the criteria used in the Board assessment?

YES

The GSIS discloses the criteria used in the Board assessment, The #GSIS Board Evaluation Instrument (GBEI) covers the following key aspects – Self Reflection, Peer Interaction and Observation and Group Evaluation

GSIS Board Evaluation Instrument (GBEI)

31. Committee Appraisal
  a. Is an annual performance assessment conducted for the Board of Directors Committees?

YES

The GSIS Board of Trustees conducts an annual performance assessment through the use of the #GSIS Board Evaluation Instrument (GBEI). The GBEI covers the following key aspects – Self Reflection, Peer Interaction and Observation and Group Evaluation (which thus, covers Committee appraisal).

  1. 2019 GSIS Annual Report
  2. GSIS Board Evaluation Instrument (GBEI)
 
Bonus
  Stakeholder Relationships
  1. Does the GOCC practice Global Reporting Index (GRI) on its annual reports?

YES

The GSIS has yet to practice Global Reporting Index (GRI) on its annual report.

  Disclosure and Transparency
  2. Quality of Annual Report
Are the audited annual financial report/statement released within 30 days upon the receipt from COA?

YES

The #2018 Audited Financial Statement was released within 30 days upon receipt from COA. Relevant dates are follows:
Date of Receipt: 26 June 2019
Date Released/Published: 1 July 2019 (5 days from receipt)

 
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?

NO

There is no Trustee who holds more than five (5) positions in GOCC and PLCs.
Below are relevant links:

  1. 2019 Annual Report
  2. Board Affiliations
  2. Is there non-compliance with Good Governance Conditions?

NO