I hope this milestone will further inspire the men and women of the Commission to work even harder, ensuring that transparency and accountability will become the norm,” President Duterte said through a recorded message. “GCG has been instrumental in enabling GOCCs to become catalysts for our nation’s economy and growth development. (02) 5328 – 2030 to 34 local Rodrigo Duterte noted the milestones of the Governance Commission for GOCCs (GCG) since the enactment of the GOCC Governance Act of 2011. The recommendations of the COA and other stakeholders presented future improvement opportunities to aid the GCG in enhancing its processes and operations.īy addressing findings and implementing recommendations, the GCG becomes more effective in its role as the central advisory, monitoring, and oversight body of the GOCC Sector. The GCG Management was able to present financial statements that complied with applicable laws, rules, and regulations. Meriting such rating entails consistently following the Generally Accepted Accounting Principles and Philippine Public-Sector Accounting Standards.ĭespite the COVID-19 pandemic, the GCG was able to sustain transparent, efficient, and streamlined processes. Barcial.Ģ020 marks the 8th year that the Governance Commission has received an Unqualified Opinion for the presentation of financial statements. The report, which is now available on the COA’s website, was signed on by supervising auditor Melinda R. The Governance Commission for GOCCs (GCG) has received the highest rating for the Calendar Year 2020 in the annual audit report of the Commission on Audit (COA) released on 21 June 2021.