Corporate Governance Seal

 In compliance with Sec 43 of GCG MC 2012-07

 

Responsibilities of the Board
 

Board Composition

a. Ex-Officio
Ramon M. Lopez : Chairman
Secretary – Department of Trade & Industry
Members
Ma. Lourdes F. Rebueno : General Manager – National Development Company
Alberto G. Romulo : Chair – Development Bank of the Philippines
Ceferino S. Rodolfo : Undersecretary – Board of Investments, DTI
Roy A. Cimatu : Secretary – Dept of Environment and Natural Resources
Ernesto M. Pernia : Secretary – National Economic Development Authority
Emmanuel “Manny” Piñol : Secretary – Department of Agriculture
b. Appointive (please provide location of information on position in other GOCCs and PLCs)
Dave M. Almarinez : Vice Chair
President and CEO – PITC
Luis E. Gimenez
  Approved schedules of board meetings (please include when the schedule was approved
  Role of the board in corporate strategy
How does the board overseas the implementation of the corporate strategy
When did the board review the corporate strategy?
  Code of Ethics
  Board Committees’ Accomplishment Report
  Access to information (board materials)
  Internal Control (including Internal Audit)
  Risk Management System
  Board Appraisal System
a. Criteria
b. Procedure
  Corporate Secretary
Disclosure and Transparency (at least 2013 – present disclosures)
  Certificate – Payment of Statutory Obligation
a. Pag-ibig
b. PhilHealth
c. GSIS
  Declaration and Payment of Dividends
a. 2016
b. 2015
c. 2014
  Action Plan on COA AOM
a. 2016
b. 2015
c. 2014
  2017 PITC Tax Clearance
  Report on Ageing of Cash Advance as of June 2017
I. Institutional Matters
a. PITC Charter
P.D. 1071 – Sections 1-18
P.D. 1071 – Sections 19-32
P.D. 1071 – By Laws
E.O. 756
E.O. 877
E.O. 1067
Relevant Excerpt from EO No. 133
Consolidated File of PITC Charter
b. Latest General Information Sheet and brief company background including date of incorporation, history and functions and mandate – NOT APPLICABLE
c. List of Subsidiaries and Affiliates
c.1 Philippine Pharma Procurement Inc. (PPPI)
c.2 Center for International Trade Expositions and Missions (CITEM)
d. Government Corporate Information Sheet (GCIS) as mandated by the GCG in its Memorandum Circular No. 2012-01
d.1 2016
d.2 2015
d.3 2014
d.4 2013
d.5 2012
d.6 2011
II. On the Board and Officers
a. Complete Listing of the Directors and Officers with attached resume and their membership in Board Committees
a.1 Board of Directors
a.2 PITC Officers
b. Complete compensation package of all the board members and officers, including travel, representation, transportation and any other form of expenses or allowance
    b.1 July - Sept 2017
    b.2 April - June 2017
b.3 Jan – March 2017
b.4 2016
b.5 2015
b.6 2014
b.7 2013
c. Information on Board Committees and their activities
c.1 Meetings
c.2 Attendance
d. Attendance Record of Directors in Board
d.1 2016
d.2 2015
d.3 2014
d.4 2013
d.5 2012
III. On Financial and Operation Matters
a. Latest Annual Audited Financial and Performance Report within thirty (30) days from receipt of such report
a.1 2016 Audited Financial Reports
Date Published Year of the Report Date Receipt from COA
22 May 2017 2016 19 May 2017
b. Audited Financial Statements in the immediate three (3) years
Date Published Year of the Report Date Receipt from COA
08 June 2016 2015 06 June 2016
02 July 2015 2014 30 June 2015
25 July 2014 2013 24 June 2014
c. Quarterly and Annual Report and Trial Balance
2017
2nd Quarter Report Trial Balance
1st Quarter Report Trial Balance
2016
4th Quarter Report Trial Balance
3rd Quarter Report Trial Balance
2nd Quarter Report Trial Balance
3rd Quarter Report Trial Balance
2015
4th Quarter Report Trial Balance
3rd Quarter Report Trial Balance
2nd Quarter Report Trial Balance
1st Quarter Report Trial Balance
2014
4th Quarter Report Trial Balance
3rd Quarter Report Trial Balance
2nd Quarter Report Trial Balance
1st Quarter Report Trial Balance
2013
4th Quarter Report  
3rd Quarter Report Trial Balance
2nd Quarter Report Trial Balance
1st Quarter Report Trial Balance
d. Current Corporate Operating Budget (COB)
d.1 2017
d.2 2016
d.3 2015
d.4 2014
d.5 2013
d.6 2012
e. Local and Foreign Borrowings
f. Government subsidies and net lending
g. Borrowings Guaranteed by the Government
h. Material Risk Factors and Measures to Manage such Risk
i. Performance Evaluation System (PES)
IV. On Governance Matters
a. Charter Statement / Mission – Vision Statements
b. Performance Scorecard and Strategy Map
    2017 Performance Scorecard and Strategy Map
    3rd Quarter Performance Scorecard Report
    2nd Quarter Performance Scorecard Report
    1st Quarter Performance Scorecard Report
2016 Performance Scorecard and Strategy Map
3rd Quarter Performance Scorecard Report
2nd Quarter Performance Scorecard Report
1st Quarter Performance Scorecard Report
2015 Performance Scorecard and Strategy Map
Annual Performance Scorecard Report
3rd Quarter Performance Scorecard Report
2nd Quarter Performance Scorecard Report
1st Quarter Performance Scorecard Report
c. Organization Chart
d. Manual of Corporate Governance
e. Corporate Social Responsibility Statement
f. Balanced Scorecard
g. No Gift Policy and Statement
h. Code of Conduct for PITC Officers and Employees
i. Statement of No Audit Suspension – COA
j. Freedom of Information Manual
State the location of the following information in the annual report / audited annual financial report
- Corporate Objectives
- Financial Performance Indicators
- Non-Financial Performance Indicators
- Details of Whistle Blowing Policy
- Biographical Details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
- Training and/or continuing education programme attended by each director/commissioner
- Statement of Full Compliance with the Code of Corporate Governance – Certificate
- Review of the GOCC’s Material Controls (including operational, financial and compliance controls) and Risk Management Systems
- Statement from the Board of Directors or Audit Committee commenting on the adequacy of GOCC’s Internal Controls/Risk Management Systems
Corporate Social Responsibility
Customers’ Welfare
  • Activities
Interaction with the Communities
  • Activities
Environmentally-friendly Value Chain
  • Activities
Contact Details for Complaints of Other Stakeholders
Employees’ Welfare and Development
  • Welfare (Policies, Programs and Relevant Data)

  • Training and Development (Programs and Relevant Data)

 

 

 

 

 

 

 

 

 

 

 

Corporate Governance

Responsibilities of the Board

•    Board composition
      a.    Ex- officio


      b.    Appointive
      (Please provide location of information on position in other GOCCs and PLCs)

 Dave M. Almarinez                  : President and CEO - PITC

 Luis E. Gimenez

•    Approved schedules of board meetings (please include when the schedule was approved)
•    Role of the board in corporate strategy,
      How does the board oversee the implementation of the corporate strategy?
      When did the board review the corporate strategy?

•    Code of Ethics
•    Board committees’ accomplishment report
•    Access to information (board materials)
•    Internal Control (including Internal Audit)
•    Risk management system
•    Board appraisal system
      a.    Criteria
      b.    Procedure
•    Corporate Secretary
      (Profile)
•    (Link to PES) –ask GCG if applicable

Disclosure and Transparency (at least 2013-present disclosures)

Certificate - Payment of Statutory Obligations

Declaration and Payment of Dividents - 2016

Declaration and Payment of Dividends - 2015

Declaration and Payment of Dividends - 2014

Policy on COA AOM

 Action Plan on COA AOM

Statement of No Audit Suspensions, Disallowances and Charges from COA

2017 PITC Tax Clearance

Report on Ageing of Cash Advances as of 31 March 2017

I. Institutional Matters

a) PITC Charter

b) Latest General Information Sheet and brief company background including date of incorporation, history, and functions and mandate - NOT APPLICABLE

c) List of Subsidiaries and Affiliates

c.1) PITC Pharma, Inc. (PPI)

c.2) Center for International Trade Expositions and Missions (CITEM)

d) Government Corporate Information Sheet (GCIS) as mandated by the GCG in its Memorandum Circular No. 2012-01

d.1) GCIS 2015

d.2) GCIS 2014

d.3) GCIS 2013

d.4) GCIS 2012

d.5) GCIS 2011

II. On the Board and Officers

a) Complete listing of the Directors and Officers with attached resume and their membership in Board Committees

a.1) Board of Directors

a.2) PITC Officers

b) Complete compensation package of all the board members and officers, including travel, representation, transportation and any other form of expenses or allowance

b.4 Complete Compensation Package 2014
b.5 Complete Compensation Package 2013

c) Information on Board Committees and their activities

c.1)  Meetings

c.2)  Attendance

d) Attendance Record of Directors in Board

d.1) Attendance of Board of Directors for the year 2016

d.2) Attendance of Board of Directors for the year 2015
d.3) Attendance of Board of Directors for the year 2014

d.4) Attendance of Board of Directors for the year 2013

d.5) Attendance of Board of Directors for the year 2012

III. On Financial and Operation Matters

a) Latest Annual Audited Financial and Performance Report within thirty (30) days from receipt of such Report

 Audited Annual Financial Reports

Date Published Year of the Report Date Receipt from COA
22 May 2017 2016  19 May 2017

b) Audited Financial Statements in the immediate past three (3) years

Date Published Year of the Report Date Receipt from COA
08 June 2016 2015 06 June 2016
02 July 2015 2014 30 June 2015
25 July 2014 2013 24 June 2014
28 June 2014 2012 19 Sept 2013
28 June 2014 2011
28 June 2014 2010

2015 Annual Report (Posted June 22, 2016)

2015 Audited Financial Statement

2014 Annual Report

2014 Audited Financial Statement

2013 Audited Financial Statement

2012 Audited Financial Statement

2011 Audited Financial Statement

2010 Audited Financial Statement

c) Quarterly and Annual Report and Trial Balance

2017

1st Qtr Report - Trial Balance

2nd Qtr Report - Trial Balance

2016

1st Qtr Report - Trial Balance

2nd Qtr Report - Trial Balance

3rd Qtr Report - Trial Balance

4th Qtr Report - Trial Balance

4th Qtr Report - Trial Balance (revised per COA)

2015

1st Qtr Report -Trial Balance

2nd Qtr Report -Trial Balance

3rd Qtr Report - Trial Balance

4th Qtr Report - Trial Balance

2014

1st Qtr Report - Trial Balance

2nd Qtr Report - Trial Balance

3rd Qtr Report - Trial Balance

Annual Report

2013

1st Qtr Report - Trial Balance

2nd Qtr Report - Trial Balance

3rd Qtr Report - Trial Balance

Annual Report

d) Current Corporate Operating Budget (COB)

d.1) PITC Corporate Operating Budget - 2017

               d.2) PITC Corporate Operating Budget - 2016

               d.3) PITC Corporate Operating Budget - 2015

d.4) PITC Corporate Operating Budget - 2014

d.5) PITC Corporate Operating Budget - 2013

d.6) PITC Corporate Operating Budget - 2012

e) Local and Foreign Borrowings

f) Government subsidies and net lending

g) Borrowings Guaranteed by the Government

h) Material Risk Factors and Measures to Manage Such Risks

i) Performance Evaluation System (PES)

IV. On Governance Matters

a) Charter Statement / Mission - Vision Statements

b)  Performance Scorecard and Strategy Map

      2016 Performance Scorecard and Strategy Map

1st Quarter Performance Scorecard Report

2nd Quarter Performance Scorecard Report

3rd Quarter Performance Scorecard Report

2015 Performance Scorecard and Strategy Map

Annual Performance Scorecard Report

3rd Quarter Performance Scorecard Report

2nd Quarter Performance Scorecard Report

1st Quarter Performance Scorecard Report

c) Organizational Chart

d) Manual of Corporate Governance

e) Corporate Social Responsibility Statement

f) Balanced Scorecard

g) No Gift Policy and Statement

h) Code of Conduct for PITC Officers and Employees

i) Statement of No Audit Suspension - COA

j) Freedom of Information Manual

State the location of the following information in the annual report/audited annual financial report

•    Corporate objectives
•    Financial performance indicators
•    Non-financial performance indicators
•    Details of whistle blowing policy
•    Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
•    Training and/or continuing education programme attended by each director/commissioner
•    Statement of full compliance with the code of Corporate Governance - Certificate
•    Review of the GOCC’s material controls (including operational, financial and compliance controls) and risk management systems
•    Statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems

Corporate Social Responsibility

a.  Customers’ welfare
     •    Policies
     •    Activities
b.  Interaction with the communities
     •    Policies
     •    Activities
c.  Environmentally-friendly value chain
     •    Policies
     •    Activities

d.  Contact details for complaints of other stakeholders

e.  Employees’ welfare and development
     •    Welfare (policies, programs and relevant data)
     •    Training and development (programs and relevant data)
     •    Whistle blowing policy and procedures (including protection of reporting employee/s from retaliation)

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