Promise 9: Review of government owned or controlled corporations (GOCCs)

Government Ethics

Posted at Jul 25 2010 12:09 AM | Updated as of Jul 24 2015 04:53 PM


The Promise
Review the mandates and performance of government agencies and Government Owned or Controlled Corporations (GOCCs).


The Aquino campaign platform: Action plans on Corruption

In progress

Related Promise/s
Promise 6: Government appointments: follow civil service eligibility rules
Promise 7: Streamlining of the government bureaucracy
Promise 8: Systematic evaluation of government agencies and civil servants
Promise 14: Reduce government overhead


May 14, 2015 - President Aquino yesterday presented proof of change under his administration in the form of P36.857 billion in remittances from government-owned and controlled corporations (GOCCs). (Continue reading)

May 13, 2015 - After stopping the release of excessive perks to government-owned and controlled corporation (GOCC) officials early in his term, President Aquino is now ordering a review of their bonuses to "maximize" their lawful benefits. (Continue reading)

January 26, 2015 - The Supreme Court (SC) has nullified and voided an order issued by former President Gloria Macapagal Arroyo that designated the Civil Service Commission (CSC) chairman to sit in the board of trustees/directors of the Government Service Insurance System (GSIS), Philippine Health Insurance Corporation (Philhealth), Employees' Compensation Commission (ECC), and the Home Development Mutual Fund (Pag-Ibig Fund). (Continue reading)

March 3, 2014 - President Aquino has given the go-ahead to abolish 11 government-owned and  controlled corporations (GOCCs), including some that were linked to the pork barrel scam. (Continue reading)

February 1, 2014 - More government-owned and controlled corporations (GOCC) are facing abolition after President Aquino approved the termination of three GOCC's linked to the Pork Barrel Scam. (Continue reading)

February 11, 2011: President Aquino signed Executive Order No. 24 in February 2011 "to address deep concerns on the excessive and unreasonable pay and perks received by board members and trustees of GOCCs and GFIs (government-owned and -controlled corporations and government financial institutions)," according to a statement issued by Malacañang. (Continue Reading)

Senate OKs Governance Act

May 30, 2011 - The Senate on Monday ratified a bill setting standards for government-owned and -controlled corporations (GOCC) and creating a body that will govern them. The GOCC Governance Act of 2011, which creates the Governance Council for GOCCs, was approved with only one objection from Sen. Joker Arroyo. It was earlier approved by senators and congressmen comprising the bicameral conference committee. Once ratified by the House of Representatives, it only needs the President's signature to become a law. (Continue reading)

EO imposing cap on pay/perks of GOCCs execs out next week

September 3, 2010 - President Benigno S. Aquino III said the executive order imposing a cap on the salaries and perks of executives of government-owned and controlled corporations (GOCCs) will be issued next week and “would become part of the law of the land.” (Continue reading)

Senators question intel funds of GOCCs

August 17, 2010 - Several senators on Tuesday raised doubts over the use of intelligence funds of government-owned and -controlled corporations (GOCCs) that can be used as discretionary funds of top GOCC executives. (Continue reading)

Palace welcomes probe into GOCC pay, perks

August 11, 2010 - Malacañang praised Wednesday the Senate's move to investigate the alleged excessive salaries and benefits of top officials of government-owned and controlled corporations (GOCCs). (Continue reading)

 Senate probes GOCC execs' paychecks 

August 10, 2010 - The Senate on Tuesday said it will begin its inquiry into the alleged excessive salaries and benefits of executives of government-owned and controlled corporations (GOCCs) starting August 17. (Continue reading)

Palace to study SBMA officials’ ‘fat’ paychecks 

August 9, 2010 - The Aquino administration will study the legitimacy of the high salaries and allowances that top officials of the Subic Bay Metropolitan Authority are allegedly getting. (Continue reading)

 Bonuses of other GOCCs will also be checked - Palace 

July 27, 2010 - Now that the Aquino administration let the cat out of the bag, Malacañang said officials of government-owned and -controlled corporations (GOCCs) should take heed. (Continue reading)

Aquino hits MWSS board members' hefty bonuses

July 26, 2010 - President Benigno Aquino III said he discovered several anomalies in the funds of regulator Metropolitan Waterworks and Sewerage System (MWSS), including the hefty bonuses of its top officials. (Continue reading)