Corporate Scorecard

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I. STAKEHOLDER RELATIONSHIPS

Question	Yes	No	Justification
1. Does the GOCC disclose a policy that:
a. Stipulates the existence and scope of its effort to address customer's welfare?			PCA Citizen's Charter PCA Manual of Corporate Governance,Article X, Sec. 330-38, pp. 23-27 2019 Corporate Social Responsibilities pp.1-2 2017 Report, Customer Welfare, p.15 2016 Report, Corporate Social Responsibility, p.15
b. Elaborates its effort to interact with the communities in which they operate?			PCA Manual of Corporate Governance,Article X, Sec. 330-38, pp. 23-27 2019 Corporate Social Responsibilities pp.1-2 2017 Report, Interaction with the Communities, p.15-16 2016 Report, Corporate Social Responsibility, p.15-16
c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?			PCA Manual of Corporate Governance,Article X, Sec. 330-38, pp. 23-27 2019 Corporate Social Responsibilities pp.3-5 2017 Report, Environment-friendly value chain, p.16-17 2016 Report, Corporate Social Responsibility, p.16-17
2. Does the GOCC disclose the activities that it has undertaken to implement the following:
a. Customer health and safety			PCA Citizen's Charter PCA Manual of Corporate Governance,Article X, Sec. 330-38, pp. 23-27 2019 Corporate Social Responsibilities pp.1-2 2017 Report, Customer Welfare, p.15 2016 Report, Corporate Social Responsibility, p.15
b. Interaction with the communities			PCA Manual of Corporate Governance,Article X, Sec. 330-38, pp. 23-27 2019 Corporate Social Responsibilities pp.1-2 2017 Report, Interaction with the Communities, p.15 2016 Report, Corporate Social Responsibility, p.15-16
c. Environmentally- friendly value chain?			PCA Manual of Corporate Governance,Article X, Sec. 330-38, pp. 23-27 Corporate Social Responsibilities pp.3-5 2017 Report, Environment-friendly value chain, p.16-17 2016 Report, Corporate Social Responsibility, p.16-17
3. Does the GOCC have a separate CSR report/section?			PCA Manual of Corporate Governance,Article X, Sec. 330-38, pp. 23-27 2019 Corporate Social Responsibilities 2017 Report, Corporate Social Responsibility, p.15-18 2016 Report, Corporate Social Responsibility, p.15-18
4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights.
a. Does the GOCC provide contact details of concerned officers, feedback officer (tel no. email address, other vital info?)			PCA Citizen's Charter 2019 Corporate Social Responsibilities, p.4 2017 Report, Redress Mechanism, p.17 2016 Report, Redress Mechanism, p.17
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?			PCA Manual of Corporate Governance,Article X, Sec. 330-38, pp. 23-27 2019 Corporate Social Responsibilities, p.5 2017 Report, Employees' Welfare & Dev't, p.17 2016 Report, Employees' Welfare and Development, p.17
b. Does the GOCC publish data relating to health, safety and welfare of its employees?			PCA Manual of Corporate Governance,Article X, Sec. 330-38, pp. 23-27 2017 Report, Employees' Welfare & Dev't, p.17 2016 Report, Employees' Welfare and Development, p.17
c. Does the GOCC have training and development programs for its employees?			2019 Corporate Social Responsibilities, p.5 2017 Report, Employees' Welfare and Development, p.17 Trainings 2019 Trainings 2018 Trainings 2017 Trainings 2016 Trainings 2015
d. Does the GOCC publish data on training and development programs for its employees?			2019 Corporate Social Responsibilities, p.5 2017 Report, Employees' Welfare and Development, p.17 Trainings 2019 Trainings 2018 Trainings 2017 Trainings 2016 Trainings 2015
6. Stakeholders including individual employees 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 concerning illegal and unethical behavior?			PCA Internal Whistleblowing Policy GCG Whistle Blowing Web Portal PCA Citizen's Charter 2019 Corporate Social Responsibilities, p.4-5 2018 Corporate Social Responsibilities, p. 4-5 2017 Report, Whistle-blowing Policy, p.17-18 2016 Report, Whistle-blowing Policy, p.17-18
b. Does the GOCC have procedures to protect an employee from retaliation?			Memorandum Circular No. 2, Series of 2016 (PCA Internal Whistleblowing Policy) 2017 Report, Whistle-blowing Policy, p.17-18 2016 Report, Whistle-blowing Policy, p.17-18

II. DISCLOSURE AND TRANSPARENCY

Question	Yes	No	Justification
7. Quality of Annual Report
a. Does the GOCC's Annual Report disclose the ff:
a. 1 Corporate Objectives			2018 Corporate Objectives 2017 Report, Corporate Objective, iii 2016 Report, Our Strategy, ii-iii 2015 Report, p.5-12
a. 2 Financial Performance Indicators			Full disclosure of all financial matters & transactions were included in the Transparency Seal under Sec. 106,II.Annual Financial Reports and Sec. 43, 43.3. On Financial and Operational Matters 2018 Annual Financial and Performance Report 2017 Report, CY2017 Financial Statement, p.27-45 2016 Report, CY2016 Financial Statement, pp.19-36 2015 Report, p.112
a. 3. Non-financial performance indicators			2019 PCA Performance Scorecard 2018 Satisfaction Survey 2017 Report, Non-Financial Indicator, p.18 2016 Report, Non-Financial Indicator, p.18 Non-Financial Indicators
a. 4 Details of whistleblowing policy			Memorandum Circular No. 2, Series of 2016 (PCA Internal Whistleblowing Policy) 2017 Report, Whistle-blowing Policy, p.17-18 2016 Report, Whistle-blowing Policy, pp.17-18 2015 Report, pp. 110-111
a.5 Biographical details (age,qualifications, date of first appointment, relevant experience, other dictatorship of listed companies) of directors			Governing Board Member Profiles 2019 Governing Board Member Profiles 2018 2017 Report, Governing Board Member Profiles, p.1-2 2016 Report, Governing Board Member Profiles, pp.1-2 2015 Report, pp. 65-66
a.6 Training and/or continuing education program attended by each director			For CY2018, there were no trainings and/or continuing education programs attended by the directors. 2017 Report, Board & Orientation Training, p.5 As required by the GCG through its M.C No. 2012-05, Sec. 2 Art. 5, each Appointive Directors shall attend a special seminar on public corporate governance for Directors conducted by the GCG or any individual or entity accredited by GCG. Thus, this Office had included the trainings and seminars for each Appointive Directors in its annual budget. Since there was a change of Administration for that year, the said training/seminar did not push through.
8. Are the annual reports downloadable from the GOCC's website?			Annual Report ^{(NOTE: Included in the Corporate Governance Outline: Disclosure & Transparency)}
9. Corporate Governance Confirmation Statement
a. 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, identity and explain reasons for each such issue?			PCA's Manual of Corporate Governance, Article XI, Sec. 46-47 page 32 The PCA, its Directors, Management, and Personnel commit to fully comply with the code of Corporate Governance. The PCA strictly observes the adherence of its Directors, Management, and Personnel to the PCA's Manual of Corporate Governance 2017 Report, Statement of Corporate Governance, p.14 2016 Report, Corporate Governance p.14
10. Timely filing/release of annual/financial reports
a. Are the audited annual financial report/statement released with 60days upon receipt from COA?			Full disclosure of all financial matters & transactions were included in the Transparency Seal under Sec. 106,II.Annual Financial Reports and Sec. 43, 43.3. On Financial and Operational Matters CY2018 Financial Statement Date of Receipt: June 28, 2019 Date Published: July 8, 2019 CY2017 Financial Statement Date of Receipt: June 22, 2018 Date Published: June 25, 2018 2016 Financial Report Date of Receipt: June 30, 2016 Date Published: July 3, 2016 2015 Financial Report Date of Receipt: September 27, 2016 Date Published: September 29, 2016
b. Is the annual report released within 90days from release of audited financial report?			Full disclosure of all financial matters & transactions were included in the Transparency Seal under Sec. 106,II.Annual Financial Reports and Sec. 43, 43.3. On Financial and Operational Matters CY2018 Financial Statement Date of Receipt: June 28, 2019 Date Published: July 8, 2019 CY2017 Financial Statement Date of Receipt: June 22, 2018 Date Published: June 25, 2018 2016 Financial Report Date of Receipt: June 30, 2016 Date Published: July 3, 2016 2015 Financial Report Date of Receipt: September 27, 2016 Date Published: September 29, 2016
c. Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the Board of Directors and/or the relevant officers of the company?			Full disclosure of all financial matters & transactions were included in the Transparency Seal under Sec. 106,II.Annual Financial Reports and Sec. 43, 43.3. On Financial and Operational Matters CY2018 Financial Statement 2017 Report, Financial Statement CY2017, Annex 5 p.53 2016 Report, Good Governance, p.14

III. RESPONSIBILITIES OF THE BOARD (50%)

Question	Yes	No	Justification
11. Corporate Vision/Mission
a. Has the board reviewed the vision and mission/ strategy in the last financial year?			For CY2018, the Board reviewed the mission and mission/strategy of PCA. Board Resolution No. 031-2018: Amending the PCA Manual of Corporate Governance. During the Board Meeting held in Malacañang on the 17th of May 2017, has reviewed the PCA Corporate Strategy, Strategy Map and Charter Statement for CY2017. Board Resolution No. 058-2017.: Approving the 2017-2022 Strategy Map, Charter Statement & 2017 Performance Scorecard
b. Does the board monitor/oversee the implementation of the corporate strategy?			The Board monitors & oversee the implementation of the Corporate Strategy as it is being discussed over every committee meetings of the Audit and Governance Committees. The Management reports to the Board on a monthly basis. Board Resolution No. 058-2017 Strategy Map, Charter Statement & 2017 Performance Scorecard
12. Did the GOCC achieve 90% in the PES?			2019 GCG-PCA Performance Scorecard 2018 GCG-PCA Performance Scorecard Approved 2017 GCG-PCA Performance Scorecard Approved 2017 GCG-PCA Performance Scorecard Validated 2016 GCG-PCA Performance Scorecard Approved 2016 GCG-PCA Performance Scorecard Validated 2015 GCG-PCA Performance Scorecard Approved 2015 GCG-PCA Performance Scorecard Validated
13. Code of Ethics or conduct
a. Are the details of the code of ethics disclosed?			PCA No Gift Policy Corporate Order No.2 Series of 2009: Code of Conduct for the Officials and Employees of PCA 2017 Report, Duties & Obligations of Directors & Officers, p.12-13 2016 Report, Corporate Governance, p.12
b. Does the GOCC disclose that all directors, senior management, and employees are required to comply with the code?			Corporate Order No.2 Series of 2009: Code of Conduct for the Officials and Employees of PCA 2017 Report, Corporate Governance, p.11-13
c. Does the GOCC disclose how it implements and monitors compliance with the code of ethics?			Corporate Order No.2 Series of 2009: Code of Conduct for the Officials and Employees of PCA The provisions of the Code of Ethics shall apply to all officials and employees of PCA. It is the duty of all PCA officials and employees who witness or become aware of any violation of the Code of Ethics by any PCA personnel, or any attempted or consummated act of graft and corruption involving any PCA Personnel, to report the same at the earliest possible time to the Legal Affairs Service of the Authority. PCA Implementation for No Gift Policy (MC No.3 s.2015)
14. Does the board appoint a Nomination and Compensation / Renumeration Committee?			Board Resolution No. 077-2018 Board Resolution No. 033-2018 PCA Governing Board Committees Report for CY 2018, p.12-14 Board Resolution No. 012-2016 Board Resolution No. 088-2016
15. Did the NCRC meet at least twice during the year?			The committee met seven (7) times in 2018. PCA Governing Board Committees Report for CY 2018, p.12-14 The committee met four (4) times in 2017. 2017 Report, Board Committee, Annex 2 p.49
16. If yes, is the report of the NCRC publicly disclosed?			PCA Governing Board Committees Report for CY 2018, p.12-14 2017 Report, Board Committee, Annex 2 p.49 PCA Governing Board Committees Report for CY 2017 PCA Governing Board Committees Report for CY 2016
17. Does the board appoint an Audit Committee?			Board Resolution No. 077-2018 PCA Governing Board Committees Report for CY 2018, p.1-4 Board Resolution No. 033-2016 Board Resolution No. 070-2015
18. If yes, is the report of the AC publicly disclosed?			PCA Governing Board Committees Report for CY 2018, p.1-4 2017 Report, Board Committee, Annex 1 p.47-48 PCA Governing Board Committees Report for CY2016
19. Does atleast one member of the AC (director) have an audit, accounting or finance background, qualification, experience?			Board Directors' Profile 2019 Board Directors' Profile 2018 2017 Report, Governing Board Member Profiles p.1-2 Board Director's Profile 2017 2016 Report, Governing Board Member Profiles, p.1-2
20. Did the AC meet at least four times during the year?			The committee met eight (8) times in 2018 PCA Governing Board Committees Report for CY 2018, p.1-4 The committee met ten (10) times in 2017 2017 Report, Board Committee, Annex 1 p.47-48
21. Does the board appoint a Risk Management Committee?			Board Resolution No. 077-2018 PCA Governing Board Committees Report for CY 2018, p.10-11 Board Resolution No. 040-2016 Board Resolution No. 164-2015
22. If yes, is the report of RMC publicly disclosed?			The committee met four (4) times in 2018 PCA Governing Board Committees Report for CY 2018, p.10-11 2017 Report, Board Committee, Annex 5 p.52 PCA Governing Board Committees Report for CY2016
23. Does atleast one member (director) of the RMC have a background in Finance and Investments?			Board Directors' Profile 2019 Board Directors' Profile 2018 2017 Report, Governing Board Member Profiles p.1-2 Board Director's Profile 2017 2016 Report, Governing Board Member Profiles, pp.1-2
24. Board Meetings and Attendance
a. Are the board meetings scheduled at the beginning of the year or end of Q1?			Schedule of GB Called Meetings for CY2020 2017 Report, Meeting of the Board, p.4 Schedule of GB Called Meetings for CY2017 2016 Report, Good Governance, p.4 Schedule of GB Called Meetings for CY2016 Board Resolution No. 171-2015 Board Resolution No. 156-2014
b. Does the board meet at least monthly?			Board Committees Meetings Attendance of the Governing Board for CY2019 Board Committees Meetings Attendance of the Governing Board for CY2018 2017 Report, Meeting of the Board, p.4 Board Committees Meetings Attendance of the Governing Board for CY2017 2016 Report, Good Governance, p.4 Board Committees Meetings Attendance of the Governing Board for CY2016
c. Did the board meet on at least 75% on their scheduled meeting? If not, state explanation.			Board Committees Meetings Attendance of the Governing Board for CY2019 Board Committees Meetings Attendance of the Governing Board for CY2018 2017 Report, Meeting of the Board, p.4 Board Committees Meetings Attendance of the Governing Board for CY2017 Board Committees Meetings Attendance of the Governing Board for CY2016
d. Has each of the directors attended at least 90% of all board meetings held during the year? If not, state explanation.			Board Committees Meetings Attendance of the Governing Board for CY2019 Board Committees Meetings Attendance of the Governing Board for CY2018 2017 Report, Meeting of the Board, p.4 Governing Board Attendance CY2017 Governing Board Attendance CY2016
e. Did the board meet separately at least once during the year without the Administrator present?			Board Committees Meetings Attendance of the Governing Board for CY2019 Board Committees Meetings Attendance of the Governing Board for CY2018 2017 Report, Meeting of the Board, p.4 Board Committees Meetings Attendance of the Governing Board for CY2017 Board Committees Meetings Attendance of the Governing Board for CY2016
25. Access to Information
a. Does the GOCC have a policy that stipulates board papers for board meetings be provided to the Board at least (3) working days in advance?			Board Resolution No. 013-2008 2017 Report, Access to Information, p.7
b. Is the Board Secretary trained in legal, accountancy or company secretarial practices?			2017 Report, Governing Board Member Profiles p.2 Board Director's Profile 2017 2016 Report, Governing Board Member Profiles, p.2
26. Internal Audit
a. Does the company have a separate internal audit function?			Internal Auditor's Profile 2017 Report, Governing Board Member Profiles p.2 2016 Report, Governing Board Member Profiles, p.2
b. Does the appointment and removal of the internal auditor require the approval of the AC?			Corporate Order No.1-A, Series of 2016 Organizational Structure
27. Risk Oversight
a. Does the company disclose the internal control procedures/risk management systems it has in place?			Risk Management System PCA Manual of Corporate Governance, Sec. 16, pp.15-16
b. Does the company disclose how key risks are managed?			Risk Management System
c. Does the annual report contain a statement from the board or AC commenting on the adequacy of the GOCC's internal controls/risk management systems?			The Board Audit Committee is a standing committee of the Board of Directors. The purpose of the committee is to assist the Board in fulfilling its oversight responsibility relating to: The integrity of the Authority's financial statements, the engagement of the independent auditors and the evaluation of the independent auditor's qualifications, independence and performance. The performance of internal audit services function: The annual independence audit of the authority's financial statements, the engagement of the independent auditors and the evaluation of the independent auditor's qualifications, independence and performance. In discharging its responsibilities, the Committee is not itself responsible for the planning or conduct of audits or for any determination that the Authority's financial statements are complete and accurate or in accordance with generally accepted accounting principles. This is the responsibility of management and the independent auditors. 2017 Report, Good Governance p.14 2016 Report, Good Governance p.3
28. Board Chairman
a. Do different persons assume the roles of Chairman and CEO?			Board Committee 2019 Board Committee 2018 Board Committee 2017 2016 Report, Good Governance, p.8
29. Board Development
a. Does the GOCC have orientation program for new directors?			For CY2018, there were no orientation programs for new directors. But it is a requirement pursuant to GCG-MC No. 2015-05, Article 5 (e). All newly appointed directors have been scheduled and attended the Orientation Course on Corporate Governance conducted by the Institute of Corporate Directors (ICD), an accredited training provider of GCG. 2017 Report, Board Orientation Training, p.8 2017 Report, Training and/or continuing education program attended by each director, p.17
b. Does the GOCC have a policy that encourages directors to attend on-going or continuous professional education program?			For CY2018, there was no policy that encourages directors to attend on-going or continuous professional education program. Following the requirement of the GCG pursuant to its M.C. No. 2015-05, Item II, Sec. 5(h), the Office of the Corporate Secretary has included the trainings of all appointive directors annually.
c. Did all appointive directors attend atleast(1) training for the calendar year? If not, state explanation?			For CY2018, Appointive Directors did not attend atleast one (1) training because the available trainings are very expensive. Seminar on Corporate Governance Orientation Program was held on April 26, 2017 at Discovery Premea, Makati City and attended by: Director Romulo J. De La Rosa Director Conrado S. Capa Director Roque G. Quimpan 2017 Report, Training and/or continuing education program attended by each director, p.17
30. Board Appraisal
a. Is an annual performance assessment conducted of the board?			Yes. It is in Article XIII-Performance Evaluation System, Sections 46 and 47 of the Manual of Corporate Governance. 2017 Report, Board Performance, p.6-7 Board Resolution No. 009-2018: Approving the 2017 Annual Policy Review and Program Assessment and Planning Workshop Board Resolution No. 161-2015 Pursuant to GCG M.C.No. 2012-06(The Code of Corporate Governance for GOCCs), GCG M.C. No. 2014-03 (re-issued) was issued in order to provide for the development of an Annual Performance Evaluation of the Board that would further strengthen the competence and character of the Members of the GOCC Governing Boards. Unfortunately, due to the change of administration, the conduct of said assessment for the year 2016, did not materialize.
b. Does the GOCC disclose the process followed in conducting the board assessment?			Board Appraisal System 2017 Report, Board Performance, p.6-7
c. Does the GOCC disclose the criteria used in board assessment?			Board Appraisal System 2017 Report, Board Performance, p.6-7
31. Committee
a. Is an annual performance assessment conducted of the committees?			2017 Report, Board Performance, p.6-7 Board Resolution No. 009-2018: Approving the 2017 Annual Policy Review and Program Assessment and Planning Workshop Board Resolution No. 161-2015 Pursuant to GCG M.C.No. 2012-06(The Code of Corporate Governance for GOCCs), GCG M.C. No. 2014-03 (re-issued) was issued in order to provide for the development of an Annual Performance Evaluation of the Board that would further strengthen the competence and character of the Members of the GOCC Governing Boards. Unfortunately, due to the change of administration, the conduct of said assessment for the year 2016, did not materialize.

BONUS

Question	Yes	No	Justification
1. Does the GOCC practice Global Reporting Index(GPI) on its annual reports?
Disclosure and Transparency
1. Are the audited financial report/statement released within 30days upon the receipt from COA?			Full disclosure of all financial matters & transactions were included in the Transparency Seal under Sec. 106,II.Annual Financial Reports and Sec. 43, 43.3. On Financial and Operational Matters CY2018 Financial Statement Date of Receipt: June 28, 2019 Date Published: July 8, 2019 2017 Report, Financial Statement CY2017, p.27-45 Date of Receipt: June 22, 2018 Date Published: June 25, 2018 2016 Financial Report Date of Receipt: June 30, 2016 Date Published: July 3, 2016 2015 Financial Report Date of Receipt: September 27, 2016 Date Published: September 29, 2016

PENALTY

Question	Yes	No	Justification
1. Are there members of the board who hold more than (5) positions in GOCCs and PLCs?			Board Directors' Profile 2019 Board Directors' Profile 2018 2017 Report, Governing Board Member Profiles p.2 Board Director's Profile 2017 2016 Report, Governing Board Member Profiles, pp.1-2
2. Is there non-compliance with the Good Governance Conditions?

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Corporate Governance Scorecard

I. STAKEHOLDER RELATIONSHIPS

II. DISCLOSURE AND TRANSPARENCY

III. RESPONSIBILITIES OF THE BOARD (50%)

BONUS

PENALTY

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