Government-owned and controlled corporations (GOCCs) that continue to perform negatively may land on the chopping board pursuant to the bureaucratic right-sizing agenda being implemented by the Marcos administration.
The Governance Commission for GOCCs (GCG) disclosed that it is conducting a review of the GOCCs which could be recommended for abolition or privatization.
“The Governance Commission continues to study GOCCs that may be recommended for abolition, privatization, merger, or streamlining,” GCG chairman Alex Quiroz said at a press briefing in Makati City on Friday.
Quiroz clarified however that it is too early yet to tell which GOCCs would have to go, “At this time, it will be premature for me because we are (still) evaluating.
He pointed out that if “a GOCC have been committing so many red flags (for substandard) performance, we will be starting to look into it.”
The GCG chief also said their recommendation would be “subject to approval of the Office of the President.”
GCG Commissioner Geraldine Marie Berberabe-Martinez explained that GOCCs that may be recommended for abolition are those with comprehensive net loss for consecutive years.
“We will also look into the relevance of that GOCC,” Martinez said.
Quiroz he initiated dialogues with GOCCs to resolve Compensation and Position Classification System (CPCS) concerns. In its first month, the new Commission already met with 29 out of 37 GOCCs with pending appeals.
“In the few months that we have been here, we foresee challenges that lie ahead, especially as the CPCS is now in its implementation stage and will be up for review next year,” he said.
“Moving forward, we will continue to engage and collaborate with the GOCCs and other stakeholders to ensure that we efficiently address the concerns that they have elevated to us,” he added.
Quiroz the agency’s new Anti-Corruption and Integrity Program is attuned to the transparency agenda of the administration as it aims to safeguard P10 trillion in total assets of the GOCC sector and prevent the dissipation and wastage of public funds due to corruption.
