Group

Item

Question

Link Source

I

1. a Does the GOCC disclose a policy that:

Stipulates the existence and scope of its effort to address customer’s welfare?

http://www.pnoc-rc.com.ph/images/GCG/Customer-Welfare.pdf

I

1. b Does the GOCC disclose a policy that:

Elaborates its efforts to interact with the communities in which they operate?

http://www.pnoc-rc.com.ph/images/GCG/icw.pdf

I

1. c Does the GOCC disclose a policy that:

Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development

http://www.pnoc-rc.com.ph/images/GCG/Environment1112.pdf

I

2. a Activities implementing  above mentioned policies

Does the GOCC disclose the activities that it has undertaken to implement the above mentioned policies? Customer health and safety

http://www.pnoc-rc.com.ph/index.php/corporate-social-responsibility

I

2. b Activities implementing  above mentioned policies

Interaction with the communities

http://www.pnoc-rc.com.ph/images/GCG/Interaction2.pdf

I

2. c Activities implementing  above mentioned policies

Environmentally-friendly value chain

http://www.pnoc-rc.com.ph/images/GCG/TreePlanting.pdf

I

3.  Corporate Social Responsibility (CSR)

Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability section?

http://www.pnoc-rc.com.ph/index.php/corporate-social-responsibility

I

4.  Stakeholders effective   redress for violation of rights

Where stakeholder’s interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of the rights. Does the GOCC provide contact details via the company’s website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaint for possible violation of their rights?

 http://www.pnoc-rc.com.ph/index.php/contact-us

I

5.a Performance enhancing mechanism for employee participation

Performance enhancing mechanism for employee participation should be permitted to develop. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?

http://www.pnoc-rc.com.ph/images/GCG/safety-and-health-policy-statement.pdf

I

5.b  Performance enhancing mechanism for employee participation

Does the GOCC publish data relating to health, safety and welfare of its employees?

http://www.pnoc-rc.com.phimages/GCG/healthandsafety.pdf

I

5. c Performance enhancing mechanism for employee participation

Does the GOCC have training and development programmes for its employees?

http://www.pnoc-rc.com.ph/index.php/TrainingReport.pdf

I

5.d Performance enhancing mechanism for employee participation

Does the GOCC publish data on training and development programmes for its employees?

http://www.pnoc-rc.com.ph/index.php/TrainingReport.pdf

I

6.a Performance enhancing mechanism for employee participation

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. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?

http://www.pnoc-rc.com.ph/images/GCG/ciaub11.pdf

I

6.b Performance enhancing mechanism for employee participation

Does the GOCC have procedures to protect an employees/persons who reveals illegal/ unethical behavior from retaliation?

http://www.pnoc-rc.com.ph/images/GCG/ptp-e.pdf

II

7. a Quality of Annual Report

Does the GOCC’s annual report disclose the following items: Corporate Objectives

Please see page 5 of the Annual Report

Annual Report

II

7. b Quality of Annual Report

Does the GOCC’s annual report disclose the following items: Financial performance indicators

Please see page 9 of the Annual Report

Annual Report

II

7. c Quality of Annual Report

Does the GOCC’s annual report disclose the following items: Non-financial performance indicators

Please see page 8 of the Annual Report

Annual Report

II

7. d Quality of Annual Report

Does the GOCC’s annual report disclose the following items: Details of whistle-blowing policy

Please see page 25 of the Annual Report

Annual Report

II

7. e Quality of Annual Report

Does the GOCC’s annual report disclose the following items: Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners

Please see page 32 of the Annual Report

Annual Report

II

7. f Quality of Annual Report

Does the GOCC’s annual report disclose the following items: Training and/or continuing education programme attended by each director/commissioner

Please see page 33 of the Annual Report

Annual Report

II

8. Downloadable

Are the annual reports downloadable from the GOCC’s website?

Annual Report 2015 - 2016

II

9 Corporate Governance Confirmation

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 such issue?

Corporate Governance Confirmation Statement

II

10. a Timely filing/release of annual/financial reports

Are the audited annual financial report/statement release within 60 days upon receipt from COA?

Audited Financial Statement 2015 - Date Received: April 27, 2016, Data Uploaded:  May 6, 2016

www.pnoc-rc.com.ph/images/Transparency/SKMBT_C45216050611400.pdf

II

10. b Timely filing/release of annual/financial reports

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

Uploaded June 26, 2016

II

10. c Timely filing/release of annual/financial reports

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?

Statement of Management's Responsibility for Annual Income Tax Return - 2015

Statement of Management's Responsibility for Annual Income Tax Return - 2014

Statement of Management's Responsibility for Annual Income Tax Return - 2012

Statement of Management's Responsibility for Annual Income Tax Return - 2014

Statement of Management's Responsibility for Annual Income Tax Return - 2012

III

11. a Corporate Vision and Mission/Strategy

Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?

http://www.pnoc-rc.com.ph/images/GCG/Business_PlanofPNOC_RC.pdf

III

11.b Corporate Vision and Mission/Strategy

Does the Board of Directors monitor/oversee the implementation of the corporate strategy?

http://www.pnoc-rc.com.ph/images/GCG/Monitoring_BUSINESS_PLAN_FINAL.pdf

III

12. Performance Evaluation System (PES)

Did the GOCC achieve 90% in the PES?

Performance Evaluation System - 2013

Performance Evaluation System - 2014

Performance Evaluation System - 2015

III

13. a Code of ethics and conduct

Are the details of the code of ethics or conduct disclosed?

http://www.pnoc-rc.com.ph/images/GCG/PNOCRCCodeofConductandEthicalStandards.pdf

III

13. b Code of ethics and conduct

Dpes the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?

http://www.pnoc-rc.com.ph/images/GCG/PNOCRCCodeofConductandEthicalStandards.pdf

III

13. c Code of ethics and conduct

Does the company disclose how it implements and monitors compliance with code of ethics or conduct?

http://www.pnoc-rc.com.ph/images/GCG/PNOCRCCodeofConductandEthicalStandards.pdf

III

14. Nomination Compensation/Remuneration Committee

Does the Board appoint a Nomination Compensation/Remuneration Committee?

http://www.pnoc-rc.com.ph/images/GCG/secretarycertificate.pdf

III

15. Nomination Compensation/Remuneration Committee

Did the Nomination Compensation/Remuneration Committee meet at least twice during the year

http://www.pnoc-rc.com.ph/images/GCG/Committee_Meetings_Schedule_2015.pdf

III

16. Nomination Compensation/Remuneration Committee

If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed

 http://www.pnoc-rc.com.ph/images/GCG/NOM_REM_REPORT.pdf

III

17 Audit Committee

Does the Board appoint an Audit Committee?

http://www.pnoc-rc.com.ph/images/GCG/secretarycertificate.pdf

III

18 Audit Committee

If yes, is the report of the Audit Committee publicly disclosed

 Audit Committee Report

III

19 Audit Committee

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

 http://www.pnoc-rc.com.ph/images/GCG/secretarycertificate.pdf

http://www.pnoc-rc.com.ph/images/Team/New/AMC.pdf

III

20 Audit Committee

Did the Audit Committee meet at least four times during the year?

http://www.pnoc-rc.com.ph/images/GCG/Committee_Meetings_Schedule_2015.pdf

III

21 Risk Management Committee

Does the Board appoint a Risk Management Committee?

http://www.pnoc-rc.com.ph/images/GCG/secretarycertificate.pdf

III

22 Risk Management Committee

If yes, is the report on Risk Management Committee publicly disclosed?

 http://www.pnoc-rc.com.ph/images/GCG/Risk_Committee_Report.pdf

III

23 Risk Management Committee

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

http://www.pnoc-rc.com.ph/images/Team/BMP.pdf

http://www.pnoc-rc.com.ph/images/Team/New/AMC.pdf

III

24. a Board meetings and attendance

Are the Board of Directors meeting scheduled at the beginning of the year? (end of Q1)

Board Schedules and Materials Protocol

III

24. b Board meetings and attendance

Does the Board of Directors meet at least monthly?

Summary of Board Attendance Meeting

III

24. c Board meetings and attendance

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

Summary of Board Attendance Meeting

III

24. d Board meetings and attendance

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

Summary of Board Attendance Meeting

III

24. e Board meetings and attendance

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

 

III

25. a Access to information

Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meeting be provided to the Board at least three(3) working days in advance of the board meeting?

Board Schedules and Materials Protocol

III

25. b Board Secretary

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

 http://www.pnoc-rc.com.ph/images/Team/RESUME.AJB_WEBSITE.pdf

III

26. a Internal Audit

Does the company have a separate internal audit function?

http://www.pnoc-rc.com.ph/images/Transparency/ApprovedOrgChart.pdf

 http://www.pnoc-rc.com.ph/images/GCG/JOBPROFILE-InternalAuditor1.pdf

III

26. b Internal Audit

Does the appointment and removal of the internal auditor require the approval of the Audit Committee?

 http://www.pnoc-rc.com.ph/images/GCG/JOBPROFILE-InternalAuditor1.pdf

III

27. a Risk Oversig…

Does the appointment and removal of the internal auditor require the approval of the Audit Committee?

 http://www.pnoc-rc.com.ph/images/GCG/JOBPROFILE-InternalAuditor1.pdf

III

27. b Risk Oversig…

Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company’s material controls (including operational, financial and compliance controls) and risk management systems?

Please see page 10 paragraph 9 of the Annual Report

Annual Report

III

27. c Risk Oversig…

Does the company disclose how key risks are managed?

 Risk Management Plan

III

27. d Risk Oversig...

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?

Please see page 10 paragraph 9 of the Annual Report

Annual Report

III

28 Board Chairman and CEO

Do different persons assume the roles of Chairman and CEO?

http://www.pnoc-rc.com.ph/images/Team/New/EMP.pdf

http://www.pnoc-rc.com.ph/images/Team/New/CPG.pdf

III

29. a Orientation

Does the GOCC have orientation programs for new Directors?

http://www.pnoc-rc.com.ph/images/GCG/ORIENTATION_DIRECTORS.pdf

III

29. b Continuous Professional Education Program

Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs?

 http://www.pnoc-rc.com.ph/images/GCG/POLICY_CONTINUINGEDUCATION_BOD.pdf

III

29. c Continuous Professional Education Program

Did all Appointive Directors attend at least 1 training for the calendar year?

http://www.pnoc-rc.com.ph/images/GCG/TACEP_Director.pdf

III

30. a Board Appraisal

Is an annual performance assessment conducted of the Board of Directors?

Yes. An annual appraisal of the members of the Board is conducted. The parameters of the appraisal have been reviewed by the Nomination and Remuneration Committee and presented to the Board of Directors for approval. On 26 February 2016, the Board approved the annual appraisal and parameters thereof. It also enjoined the Corporate Secretary to conduct the appraisal and collate the results to be reported to the Governance Committee and Board of Directors.

http://www.pnoc-rc.com.ph/images/GCG/SKMBT_C45216022714310.pdf

III

30. b Board Appraisal

Does the GOCC disclose the process followed in conducting the Board assessment?

Yes. The Board resolved to conduct an annual appraisal of Board Members on 26 February 2016 as part of its continuing effort for good governance. The appraisal shall consist of the self-appraisal of the Board Member, an appraisal of the Board of Directors as a whole and an appraisal of the Committees. The result of the evaluation shall be collated by the Corporate Secretary and the result presented to the Governance Committee and Board of Directors. A copy of the Board approved appraisal is found below: 

http://www.pnoc-rc.com.ph/images/GCG/boardandcommitteeappraisal.pdf

III

30. c Board Appraisal

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

Yes. The criteria for appraisal is found below:

http://www.pnoc-rc.com.ph/images/GCG/boardandcommitteeappraisal.pdf

III

31. Committee Appraisal

Is an annual performance assessment conducted of the Board of Directors Committees?

Yes. The Board approved appraisal includes a portion on the Committee that the Board members are a part of. Please see link below: 

http://www.pnoc-rc.com.ph/images/GCG/boardandcommitteeappraisal.pdf

IV

1 Stakeholders Relation

Does the GOCC practice Global Reporting Index(GRI) on its annual reports?

 

IV

2 Timely release of annual financial reports/s

Is the audited annual financial report/statement release within 30 days upon receipt from COA

Audited Financial Statement 2015 - Date Received: April 27, 2016, Data Uploaded:  May 6, 2016

V

1 Responsibilities of the Board

Are there members of the Board of Directors who hold more than five(5) positions in GOCCs and PLC’s

No Board Member of PNOC Renewables Corporation held more than five (5) position in another GOCC and publicly listed company. 

V

2 Responsibilities of the Board

Is there non-compliance with Good Governance Conditions?

There is no non-compliance with Good Governance Conditions  

 

 

 

 

 

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