00:00 Mario's government-owned and controlled corporations received recognition in GOCC Governance Awards ceremony today.
00:07 Ryan Lasigas tells us more.
00:09 The Governance Commission for GOCC acknowledged government-owned and controlled corporations
00:16 for their outstanding disclosure practices and performance ratings
00:20 in the inaugural GOCC Governance Awards ceremony held at PICC earlier today.
00:24 Thirteen GOCCs received recognition for garnering the highest corporate governance scorecard ratings for calendar year 2022.
00:32 The Land Bank of the Philippines topped the list with overall CGS rating of 102.50.
00:38 In a video message, President Ferdinand Marcos Jr. extended his congratulations to the GOCCs for demonstrating excellence
00:45 and urged them to uphold accountability, transparency, and integrity in their endeavors.
00:50 So I urge you to uphold accountability, transparency, and integrity in your endeavors
00:56 so that we can serve our people best, more efficiently, more effectively.
01:01 At the same time as a new Philippines is advancing,
01:04 let us strengthen the trust and confidence of the people in our government.
01:10 Executive Secretary Lucas Bersamin, who served as the guest of honor,
01:13 emphasized the critical role of the CGC as the oversight body of GOCCs.
01:18 He said CGC's corporate governance policies strengthen the values and governance culture.
01:24 It is beyond question that GOCCs are significant tools in ensuring inclusive economic growth and development.
01:37 For 2022, the Bureau of Treasury recorded a total of 48.64 billion in dividends coming from 50 GOCCs that are covered by Republic Act No. 10149.
01:59 This year, the CGC expanded the inaugural GOCC Governance Awards Ceremony
02:04 to recognize not only corporate governance practices, but also the delivery of efficient and effective performance results.
02:12 Almost 450 participants, mostly from GOCC and the executive branch, attended the event.
02:19 Ryan Lissiges, for the nation.
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