EXECUTIVE ORDER NO. 25
EXECUTIVE ORDER NO. 25 -
ESTABLISHING THE GOVERNANCE ADVISORY COUNCIL
WHEREAS,
there is a need to formulate a national governance reform agenda,
hereinafter referred to as the Governance Agenda, to promote the global
competitiveness of the Philippines in order to gain a higher and more
sustained level of confidence from local and foreign investors;
WHEREAS, the business sector and civil society must take an active part
in drawing up the Governance Agenda;
WHEREAS, there must be serious efforts to align local corporate
governance practices, both in the public and private sectors, with
international standards and globally-accepted core principles of
corporate governance consistent with the economic, social and political
policies of the government;
NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1. Creation of a Governance Advisory Council.
— There is hereby created a Governance Advisory Council, hereinafter
referred to as the Council, which shall serve as an advisory body to
the President with the principal function of formulating the Governance
Agenda to promote the global competitiveness of the Philippines.
The President shall appoint one (1) Chairperson and four (4) members to
the Council, all of whom shall come from the private sector. The
Chairperson and the members of the Council shall have a term of one (1)
year, subject to a renewal or extension of their respective terms by
the President.
Sec. 2. Staff Support to the Council. — The
Council shall have a Secretariat headed by an Executive Director from
the private sector appointed by the President for a term of one (1)
year. The Secretariat shall render research, administrative and
technical assistance to the Council.
Sec. 3. Functions. — The Council shall have the
following functions:
a.
Formulate the Governance Agenda for submission to the President within
six (6) months from the issuance of this Executive Order;
b. Recommend
policies, programs and courses of action to:
i.
Simplify the rules and regulations of select government agencies to
raise their effectiveness and the standards of transparency and
integrity in their dealings with the general public;
ii. raise the
standing of the Philippines in international rankings on transparency,
business ethics and integrity of business and financial transactions;
and
iii.
facilitate and expedite national and corporate governance reforms.
c. Develop a
criteria and system for the conferment of governance awards to
deserving corporations, institutions and other entities from the public
and private sectors;
d. Develop a
framework of cooperation that facilitates interaction between civil
society, the business sector and the government for higher levels of
observance of good governance principles and faster implementation of
governance reforms;
e. Promote
governance reform initiatives undertaken by professional groups and
strategic sectors aimed at raising the standards of professional
practice; and
f. Such other
functions which the President may assign.
Sec. 4. Reports and Information Dissemination. —
a.
Advisory Status. The Council shall submit regular reports on the
progress of its activities directly to the President.
b. Information
Dissemination and Publication Program. The Council shall hold
conferences, organize seminars, workshops and roundtable discussions
and issue publications for the purpose of disseminating and making
available the results of its studies and policy recommendations to the
government, non-government organizations, educational and research
institutions, the business community and the public in
general.
Sec. 5. Technical Assistance from Government. —
All government departments, agencies, bureaus, and offices are hereby
directed to assist and cooperate with the members of the Council, its
Secretariat and their authorized representatives and to grant them
access to such information, data and records as are necessary for the
fulfillment of their objective, in accordance with law.
Sec. 6. Funding. — The private sector, including
private corporations, foundations and donor agencies, shall fund the
operations and work of the Council. The Chairman and members of the
Council, its Executive Director and Secretariat shall not receive any
salary or fees from the government.
Sec. 7. Effectivity. — This Executive Order shall
take effect immediately upon approval.
City of Manila, July 18, 2001.
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