Guiding Reference/URL

I. Stakeholder Relationships
1. Does  the GOCC disclose a policy that:
a. Stipulates the existence and scope of its effort to address customer’s welfare?

Corporate Profile

ISO Certifications

b. Elaborates its efforts to interact with the communities in which they operate?

Corporate Profile

Corporate Social Responsibility Statement

c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?

ISO Certifications

Environmental & Pollution Control

2. Does the GOCC disclose the activities that it has undertaken to implement the above-mentioned policies?
a. Customer health and safety Safety Protocols
b. Interaction with the communities Corporate Social Responsibility
c. Environmentally-friendly value chain  

ISO Certifications

Environmental & Pollution Control

3. Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section?
 Corporate Social Responsibility
4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights.

Does the GOCC provide contact details via the company’s website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?

Whistleblowing Channels

Grievance Channels

5. Performance-enhancing mechanisms for employee participation should be permitted to develop.

a. Does the GOCC explicitly mention the health, safety and welfare policy for it's employees?

I.A Health and Safety Guidelines

I.B Response to COVID-19 Pandemic

b. Does the GOCC publish data relating to health, safety and welfare of it's employees?

COVID-19 Statistics

c. Does the GOCC have training and development programmes for it's employees?

Personnel Training and Development

d. Does the GOCC publish data on training and development programs for its employees?

Training Monitoring Record 2022

Training Monitoring Record 2021

Training Monitoring Record 2020

6. Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this.

a. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?

Whistleblowing Policy

Whistleblowing Channels

Grievance Machinery

Grievance Channels

b. Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?


Whistleblowing Policy

Whistleblowing Channels

Women's Desk


II. Disclosure and Transparency
7. Does the GOCC’s website disclose the following items:

a. Corporate objectives

Corporate Profile

b. Financial performance indicators

Performance Evaluation

c. Non-financial performance indicators


ISO Certifications


d. Details of whistleblowing policy


Whistleblowing Policy

Whistleblowing Channels

e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners

 Board of Trustees

f. Training and/or continuing education programme attended by each director/commissioner

8. Are the Annual Reports downloadable from the GOCC’s website?

 Financial Statement

9. Corporate Governance Confirmation Statement

Does the GOCC’s website contain a statement confirming the company’s full compliance with the code of corporate governance and where there is noncompliance, identify and explain reasons for each such issue?

Transparency Seal

Governance Manual

10. Timely filing/release of annual/financial reports

a. Are the audited annual financial report/statement released within 60 days upon receipt from COA?


Financial Statement

b. Is the annual report released within 90 days from release of audited financial report?


Financial Statement

c. Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?

 Management Responsibility
III. Responsibilities of the Board
11. Corporate Vison/Mission

a. Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?

Corporate Profile

b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy?

Performance Evaluation
12. Did the GOCC achieve 90% in the PES?
13. Code of ethics or conduct

a. Are the details of the code of ethics or conduct disclosed?

Code of Conduct (Reference: Administrative Order #476)

b. Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?

Code of Conduct (Reference: Administrative Order #476)

c. Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?

Code of Conduct (Reference: Administrative Order #476)
14. Does the Board appoint a Nomination Compensation / Remuneration Committee?
15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?
Board of Trustees Meetings
16. If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?
17. Does the Board appoint an Audit Committee?
18. If yes, is the report of the Audit Committee publicly disclosed?
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
Board of Trustees Profile
20. Did the Audit Committee meet at least four times during the year?
Board of Trustees Meetings
21. Does the Board appoint a Risk Management Committee?
22. If yes, is the report on Risk Management Committee publicly disclosed?
23. Does at least one member of the Risk Management Committee have a background in finance and investments?
Board of Trustees Profile
24. Board meetings and attendance

a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)

APUI's By-Laws

b. Does the Board of Directors meet at least monthly?

Board of Trustees Meetings

c. Did the Board of Directors meet on at least 75% on their scheduled meetings?

Board of Trustees Meetings

d. Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?

Board of Trustees Meetings

e. Did the Board of Directors meet separately at least once during the year without the President/CEO present?

25. Access to information

a. Does the GOCC has a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?


b. Is the Board Secretary trained in legal, accountancy or company secretarial practices?

APO-PUI Key Officials
26. Internal Audit

a. Does the company have a separate internal audit function?

Internal Audit

b. Does the appointment and removal of the internal auditor require the approval of the Audit Committee?

27. Risk Oversight

a. Does the company disclose the internal control procedures/risk management systems it has in place?

b. Does the Annual Report disclose that the board of Directors/Commissioners has conducted a review of the company’s material controls (including operational, financial and compliance controls) and risk management systems?  
c. Does the company disclose how key risks are managed?  
d. Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC’s internal controls/risk management systems?  
28. Board Chairman

Do different persons assume the roles of Chairman and CEO?

 APUI's By-Laws
29. Board of Directors Development

a. Does the GOCC have orientation programmes for new Directors?


b. Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programmes?


c. Did all Appointive Directors attend at least 1 training for the calendar year?


30. Board Appraisal

a. Is an annual performance assessment conducted of the Board of Directors?


b. Does the GOCC disclose the process followed in conducting the Board assessment?


c. Does the GOCC disclose the criteria used in the Board assessment?

31. Committee Appraisal

Is an annual performance assessment conducted of the Board of Directors Committees?

Stakeholder Relationships
1. Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
Disclosure and Transparency
2. Quality of Annual Report

Are the audited annual financial report/statement released within 30 days upon the receipt from COA?

Responsibilities of the Board

1. Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?


2. Is there non-compliance with Good Governance Conditions?