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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 236 -
STRENGTHENING THE GOVERNMENT CORPORATE MONITORING AND COORDINATING
COMMITTEE AND FOR OTHER PURPOSES
WHEREAS,
government corporations account for an inordinately high proportion of
the country’s external debt, public sector deficits and total credits;
WHEREAS, almost every aspect of government corporate operation
represents a potential claim on government resources;
WHEREAS, a system of financial controls and periodic monitoring of
government corporations is necessary to avoid the inefficient
allocation and utilization of resources;
WHEREAS, there is a need to strengthen the mechanism for reviewing,
monitoring and evaluating the overall performance of individual
corporations as well as the government corporate sector as a whole;
and
WHEREAS, an effective inter-departmental oversight mechanism is an
integral part of the overall public sector rationalizing program;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by
virtue of the powers vested in me by the sovereign will of the Filipino
people and the Constitution, do hereby order:
Section 1.
In determining the specific government corporations that shall fall
within the scope of this government monitoring within the scope of this
government monitoring system, the Committee shall prepare a list of
government corporations on an annual basis subject to the approval of
the President: Provided, however, That the President may include
additional government corporations even if they are not attached to
departments represented in the Committee but demand a heavy burden on
the National Treasury.
The Committee shall be composed of the Executive Secretary, the
Secretaries of the Departments of Transportation and Communications,
Finance, Agriculture, Public Works and Highways, Environment and
Natural Resources, and Trade and Industry and the Director-General of
the National Economic and Development Authority Secretariat. It shall
be chaired on a rotating basis to be decided by the Committee.
Sec. 2.
Sec. 3.
(1)
(2)
(3)
(4)
For this purpose, the Committee shall have the following powers and functions:
(a)
(b)
(c)
(d)
(e)
(f)
Sec. 4.
For purpose of its monitoring, coordinating and performance evaluation
needs, the Committee shall devise an integrated corporate reporting
system which will avoid the proliferation of duplicate reports and
combine the essentials into a single set of reports. The integrated
reporting system should be designed to serve the diverse information
needs of the Committee and the service-wide agencies concerned. As such
as possible, standard integrated reporting formats shall be developed
and utilized.
With respect to its performance evaluation function, the Committee,
with the concurrence of the affected corporations shall be responsible
for developing indicators, criteria, standards and other measures of
performance relevant to corporate monitoring, including the nature and
scope of the comparative analysis of corporate performance, the
identification of problem areas, the preparation of performance
reports, and measures for relevant follow-up actions, and accordingly
for implementing a performance evaluation system that will include a
comprehensive review of performance on an annual basis.
The evaluation of corporate performance shall consider the degrees of
attainment of performance targets in relation to applicable
international commitments, implications on budgetary deficits, and
similar matters of global or multi-sectoral economic significance, as
well as granting of incentives as appropriate to well-performing
corporations.
Sec. 5.
Sec. 6.
Sec. 7.
Sec. 8.
Sec. 9.
Done in the City of Manila,
this 22nd day of July in the year of Our Lord, Nineteen Hundred and
Eighty-Seven.
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