normal_post - Top Priority of Noynoy Aquino iii - Philippine Daily News Author Topic: Top Priority of Noynoy Aquino iii  (Read 347 times)

Ligalig-Mike

  • FOUNDER
  • GURU
  • *****
  • avatar_1_1507939928 - Top Priority of Noynoy Aquino iii - Philippine Daily News
  • Posts: 18912
  • medal1 - Top Priority of Noynoy Aquino iii - Philippine Daily Newsmedal2 - Top Priority of Noynoy Aquino iii - Philippine Daily News
  • Need A Website? Email me: info@mikeligalig.com
    • Share Post
xx - Top Priority of Noynoy Aquino iii - Philippine Daily News
Top Priority of Noynoy Aquino iii
« on: January 29, 2011, 07:59:04 AM »
Finance Secretary Cesar Purisima said on Friday the Government-Owned and Controlled Corporations (GOCC) Governance Act of 2011, a bill that will reform the structure and operations of GOCCs, is among the priority bills the Aquino Administration will ask Congress to pass.

In a press briefing in Malacanang, Purisima said the Aquino Administration wants to imitate Singapore's and Malaysia's utilization of their GOCCs in the creation of opportunities for the people.

Senator Franklin Drilon, principal author of Senate Bill No. 2640 or the proposed GOCC Governance Act of 2011, said that there is a need for much-needed reforms in the government corporate sector to make it an effective vehicle in achieving social and economic progress.

“The days when the GOCC boards can act independently of the national government are over. We are confident that once this bill becomes a law, the excesses and abuses we saw in the operation of the GOCCs will be a thing of the past," Drilon said.

The bill proposes the creation of the Governance Commission for GOCCs (GCG) whose main task will be to conduct regular assessments and evaluations of the state firm's performance.

The GCG will also recommend to the President whether a GOCC should be reorganized, merged, streamlined, abolished or privatized.

The GCG will develop a new compensation and position classification system for all officers and employees of the GOCC. It will put a limit on the compensation of directors who had enjoyed excessive bonuses in the past, he added.

The bill makes it clear that directors are not entitled to compensation as directors but may be entitled to reasonable per diems only and emphasizes that directors are not entitled to retirement pay as seen in other GOCCs. - PNA

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=37101.0
Romans 10:9
"That if you shall confess with your mouth the Lord Jesus, and shall believe in your heart that God has raised him from the dead, you shall be saved."

Get FREE 500GB cloud storage:
https://www.pcloud.com/welcome-to-pcloud/?discountcode=fDiE7jtC01VPbCIygaM67jZV



Share via facebook Share via linkedin Share via pinterest Share via reddit Share via twitter
 

Sign-up or Log-in Free

 
 
Welcome, Guest. Please login or register.
SMF spam blocked by CleanTalk
Powered by SMFPacks SEO Pro Mod | Sitemap
Mobile View
SimplePortal 2.3.7 © 2008-2020, SimplePortal