The Philippine Crop Insurance Corporation (PCIC) was recently recognized as one of the top Government Owned and Controlled Corporations (GOCCs) that earned high scores in the Corporate Governance Scorecard.
This marks the sixth consecutive year that the agency has been cited as such since 2016.
The scorecard is the tool used by the Governance Commission on Government Owned and Controlled Corporations (GCG) to appraise “the performance of GOCCs and their level of adherence to the best practices and international standards of corporate governance,” as stated in GCG’s Memorandum Circular no. 2015-07.
Although the GCG did not reveal the scores obtained by the GOCCs for 2021, it recognized the PCIC as “one of the top ranking GOCCs” in a ceremony held on Monday, December 5, 2022 at the Philippine International Convention Center (PICC).
GOCC performance is measured in the areas of stakeholder relationship, disclosure and transparency, and responsibilities of the corporation’s Board of Directors. Points are awarded when the corporation meets the criteria.
“The PCIC thanks the GCG for recognizing our efforts to relate to external stakeholders – the customer and the community, and our work on employee development through the conduct of trainings,” PCIC President Atty. Jovy C. Bernabe said. “This recognition inspires us not only to continue on, but to do better.”
The recognition acknowledged PCIC’s efforts to address customer’s welfare, interact with communities where it operates; and ensure that its value chain is environmentally friendly and sustainable, among others.
Moreover, PCIC earned points for implementing policies to enhance employee performance. These include promoting a policy and providing data on the health, safety, and welfare of its employees, and providing the necessary training for them