BCDA is once more among the many finest within the discipline of fine governance

THE Bases Conversion and Improvement Authority (BCDA) has once more been acknowledged as one of many prime performing Authorities-Owned and Managed Firms (GOCCs) within the Philippines after being featured within the 2021 Company Governance Scorecard of the Governance Fee for GOCCs (GCG).

That is the seventh consecutive 12 months that the BCDA has achieved over 90 % on its efficiency scorecard. This demonstrates BCDA’s steady enchancment in offering constant and environment friendly company governance and stakeholder relations insurance policies and practices, striving for disclosure and transparency, and executing board duties with competence and accountability in line with the phrases of fine company governance.

“We’re really honored and honored by this recognition. It is a recognition of the exhausting work of everybody within the BCDA and a reminder to proceed to supply wonderful public service to all of our stakeholders, notably the Armed Forces of the Philippines,” stated BCDA Chairman Delfin N. Lorenzana.

Lorenzana, together with Reghis M. Romero III, Director of BCDA, and Gisela Z. Kalalo, BCDA Govt Vice President and COO Officer-in-Cost, acquired the Certificates of Recognition in the course of the GCG Company Governance Scorecard for GOCCs Award Ceremony final December 5 on the Philippine Worldwide Conference Heart.

The scorecard carried out by the GCG goals to enhance customary company governance practices for GOCCs, modeled on the ASEAN company governance scorecard and primarily based on the Group for Financial Co-operation and Improvement (OECD) Ideas of Company Governance of State-Owned Enterprises. primarily based with ASEAN state-owned corporations.

GCG acknowledges well-governed GOCCs and their potential as making a big contribution to the nation’s financial improvement as defined in Republic Act 10149 (GOCC Governance Act of 2011).