Gov't reviews salaries of GOCC execs
By Iris C. Gonzales (The Philippine Star)
MANILA, Philippines - The
Aquino administration is reviewing the compensation structure for heads and executives of government-owned and controlled corporations (GOCCs) who sit in various private corporations in their capacity as GOCC executives, a ranking official said.
According to the new rules, GOCC executives can only receive bonuses, profit shares and other perks from private corporations subject to certain limits. The rest of the amount, beyond limits soon to be set by the GCG, would have to be turned over to the respective GOCC, said Social Security System (SSS) president and chief executive officer Emilio de Quiros Jr.
SSS is one of the agencies covered by the new rules.
The move is part of efforts to prevent abuse by some previous GOCC officials of their position in government.
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=52352.0
