EXECUTIVE ORDER NO. 236 July 22, 1987
STRENGTHENING THE GOVERNMENT CORPORATE MONITORING AND COORDINATING COMMITTEE AND FOR OTHER PURPOSES
WHEREAS, government corporations account for an inordinately high proportion of the country's external debt, public sector deficits and total credits;
WHEREAS, almost every aspect of government corporate operation represents a potential claim on government resources;
WHEREAS, a system of financial controls and periodic monitoring of government corporations is necessary to avoid the inefficient allocation and utilization of resources;
WHEREAS, there is a need to strengthen the mechanism for reviewing, monitoring and evaluating the overall performance of individual corporations as well as the government corporate sector as a whole; and
WHEREAS, an effective inter-departmental oversight mechanism is an integral part of the overall public sector rationalizing program;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by the sovereign will of the Filipino people and the Constitution, do hereby order:
Sec. 1. Government Corporate Monitoring and Coordinating Committee. The...
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Executive Orders
Strengthening the Government Corporate Monitoring and Coordinating Committee and For Other Purposes
Executive Order No. 236
EXECUTIVE ORDER NO. 236
Strengthening the Government Corporate Monitoring and Coordinating Committee and for Other Purposes
- Reaffirms the Government Corporate Monitoring and Coordinating Committee as the monitoring and coordinating body for government-owned or controlled corporations that demand a heavy burden on the National Treasury. (Section 1)
- The Committee shall prepare an annual list of government corporations subject to monitoring, subject to the President's approval. (Section 1)
- The Committee is composed of the Executive Secretary, Secretaries of various Departments, and the Director-General of the National Economic and Development Authority Secretariat. (Section 1)
- The Committee shall have a secretariat and staff support. (Section 2)
- Powers and Functions of the Committee: (Section 3)
• Enhance public accountability in the operations of affected government corporations.
• Promote efficient allocation and use of resources.
• Instill financial discipline and promote financial self-sufficiency among affected corporations.
• Integrate the plans and programs of affected corporations with government policy requirements and goals.
- Specific Powers and Functions: (Section 3)
• Establish performance criteria, targets, and standards, and conduct periodic reviews. (Section 3(a))
• Recommend financial sanctions and restrictions to the President, such as withholding budgetary releases and imposing additional financial controls. (Section 3(b))
• Monitor the implementation of Commission on Audit recommendations applicable to the Committee's evaluation and review functions. (Section 3(c))
• Issue guidelines, rules, and regulations, subject to the President's approval. (Section 3(d))
• Provide guidelines and guidance to affected corporations in preparing corporate plans. (Section 3(e))
• Perform other related functions necessary to carry out its responsibilities. (Section 3(f))
- The Committee shall be the central monitoring, coordinating, and performance evaluation unit for affected corporations. (Section 4)
• Devise an integrated corporate reporting system to avoid duplicate reports and combine essentials into a single set of reports. (Section 4)
• Develop performance indicators, criteria, standards, and other measures relevant to corporate monitoring. (Section 4)
• Implement a performance evaluation system, including a comprehensive annual review of performance. (Section 4)
• Consider the attainment of performance targets, implications on budgetary deficits, and matters of economic significance in evaluating corporate performance. (Section 4)
• Grant incentives to well-performing corporations. (Section 4)
- The Committee shall require affected corporations to prepare and submit regular reports and information necessary for its functions. (Section 5)
- This Executive Order does not reduce or absolve the responsibilities of the concerned Departments towards the affected corporations, including taking remedial actions. (Section 6)
- Separability Clause: Any unconstitutional portion shall not nullify the other provisions. (Section 7)
- Repealing Clause: All inconsistent laws, orders, issuances, rules, and regulations are repealed, superseded, amended, or modified accordingly. (Section 8)
- Effectivity Clause: This Executive Order shall take effect immediately. (Section 9)
Strengthening the Government Corporate Monitoring and Coordinating Committee and for Other Purposes
- Reaffirms the Government Corporate Monitoring and Coordinating Committee as the monitoring and coordinating body for government-owned or controlled corporations that demand a heavy burden on the National Treasury. (Section 1)
- The Committee shall prepare an annual list of government corporations subject to monitoring, subject to the President's approval. (Section 1)
- The Committee is composed of the Executive Secretary, Secretaries of various Departments, and the Director-General of the National Economic and Development Authority Secretariat. (Section 1)
- The Committee shall have a secretariat and staff support. (Section 2)
- Powers and Functions of the Committee: (Section 3)
• Enhance public accountability in the operations of affected government corporations.
• Promote efficient allocation and use of resources.
• Instill financial discipline and promote financial self-sufficiency among affected corporations.
• Integrate the plans and programs of affected corporations with government policy requirements and goals.
- Specific Powers and Functions: (Section 3)
• Establish performance criteria, targets, and standards, and conduct periodic reviews. (Section 3(a))
• Recommend financial sanctions and restrictions to the President, such as withholding budgetary releases and imposing additional financial controls. (Section 3(b))
• Monitor the implementation of Commission on Audit recommendations applicable to the Committee's evaluation and review functions. (Section 3(c))
• Issue guidelines, rules, and regulations, subject to the President's approval. (Section 3(d))
• Provide guidelines and guidance to affected corporations in preparing corporate plans. (Section 3(e))
• Perform other related functions necessary to carry out its responsibilities. (Section 3(f))
- The Committee shall be the central monitoring, coordinating, and performance evaluation unit for affected corporations. (Section 4)
• Devise an integrated corporate reporting system to avoid duplicate reports and combine essentials into a single set of reports. (Section 4)
• Develop performance indicators, criteria, standards, and other measures relevant to corporate monitoring. (Section 4)
• Implement a performance evaluation system, including a comprehensive annual review of performance. (Section 4)
• Consider the attainment of performance targets, implications on budgetary deficits, and matters of economic significance in evaluating corporate performance. (Section 4)
• Grant incentives to well-performing corporations. (Section 4)
- The Committee shall require affected corporations to prepare and submit regular reports and information necessary for its functions. (Section 5)
- This Executive Order does not reduce or absolve the responsibilities of the concerned Departments towards the affected corporations, including taking remedial actions. (Section 6)
- Separability Clause: Any unconstitutional portion shall not nullify the other provisions. (Section 7)
- Repealing Clause: All inconsistent laws, orders, issuances, rules, and regulations are repealed, superseded, amended, or modified accordingly. (Section 8)
- Effectivity Clause: This Executive Order shall take effect immediately. (Section 9)