Unit 14th Floor, 1405 Security Bank Centre, 6776 Ayala Avenue, Makati City 1226

Transparency Seal

Imag 01

National Budget Circular 542
National Budget Circular 542, issued by the Department of Budget and Management on August 29, 2012, reiterates compliance with Section 93 of the General Appropriation Act of FY2012.  Section 93 is the Transparency Seal provision, to wit:

Sec. 93. Transparency Seal.  To enhance transparency and enforce accountability, all national government agencies shall maintain a transparency seal on their official websites.  The transparency seal shall contain the following information: (i) the agency’s mandates and functions, names of its officials with their position and designation, and contact information; 9II0 annual reports, as required under National Budget Circular Nos. 507 and 507-A dated January 331, 2007 and June 12, 2007, respectively, for the last three (3) years; (iii) their respective approved budgets and corresponding targets immediately upon approval of this Act; (iv) major programs and projects categorized in accordance with the five key results areas under E.O. No. 43, s. 2011; (v) the program/projects  beneficiaries as identified in the applicable special provisions; (vi) status of implementation and program/project evaluation and/or assessment reports; and (vi) annual procurement plan, contracts awarded and the name of contractors/suppliers/consultants.

The respective heads of the agencies shall be responsible for ensuring compliance with this section.

A Transparency Seal, prominently displayed on the main page of the website of a particular government agency, is a certificate that it has complied with the requirements of Section 93.  This Seal links to a page within the agency’s website which contains an index of downloadable items of each of the above-mentioned documents.

Symbolism
A pearl buries inside a tightly-shut shell is practically worthless.  Government information is a pearl, meant to be shared with the public in order to maximize its inherent value.
The Transparency Seal, depicted by a pearl shining out of an open shell, is a symbol of a policy shift towards openness in access to government information.  On the one hand, it hopes to inspire Filipinos in the civil service to be more open to citizen engagement; on the other, to invite the Filipino citizenry to exercise their right to participate in governance.

This initiative is envisioned as a step in the right direction towards solidifying the position of the Philippines as the Pearl of the Orient – a shining example of democratic virtue in the region.

Compliance with Sec. 93  (Transparency Seal)   R. A. No. 10155
(General Appropriations  Act FY 2012)

I. Transparency Seal Certificate of Compliance

II. PhilGeps Posting Certificate of Compliance

III. Cash Advance Liquidation

       * 2015
       * 2014
       * 2013
       * 2012

IV. Citizen’s Charter;

V. Other Certification of Compliance

Compliance with Section 43 of GCG MC No. 2012-07 On Institutional Matters:

 

a) Charter

b) List of Subsidiaries and Affiliates (none)

c) Government Corporate Information Sheet (GCIS) as mandated by the GCG in its Memorandum Circular No. 2012-01 [2016; 2015; 2014; 2013; 2012]

 

On the Board and Officers:

a) Complete listing of the Directors and Officers with attached resume

b) Complete compensation package of all the board members and officers, including travel, representation, transportation and any other form of expenses or allowances

c) Board Committees membership information and activities

d) Attendance record of Directors in Board and Committee meetings

On Financial and Operational Matters:

a) Latest Annual Audited Financial and Performance Report within thirty (30) days from receipt of such Report [2016 (posted May 2, 2017) ; [2015 (posted April 29, 2016) ; 2014; 2013]

b) Audited Financial Statements in the immediate past five (5) years [2016; 2015; 2014; 2013; 2012]

b.1. Quarterly Financial Statement

CY 2017: Q1; Q2; Q3
CY 2016: Q1; Q2; Q3; Q4
CY 2015: Q1; Q2; Q3; Q4 CY 2014: Q1; Q2; Q3; Q4 CY 2013: Q1; Q2; Q3; Q4

c) Trial Balance - unaudited

CY 2017: Q1; Q2; Q3
CY 2016: Q1; Q2; Q3; Q4
CY 2015: Q1; Q2; Q3; Q4 CY 2014: Q1; Q2; Q3; Q4

d) Corporate Operating Budget [2017; 2016; 2015; 2014; 2013; 2012]

e) Local and foreign borrowings (not applicable)

f) Government subsidies and net lending (not applicable)

g) All borrowings guaranteed by the Government (not applicable)

h) Any material risk factors and measures taken to manage such risks

i) Performance Evaluation System

    On Government Matters:

  1. Agency’s Mandate and Functions
  2. Performance Scorecards and Strategy Map
  3. Organizational Chart
  4. Manual of Corporate Governance; approval letter from GCG
  5. CSR Statement
  6. Interim Performance Scorecard 2013-2014;Revised Interim Performance Scorecard 2014; Performance Based Bonus 2015; Performance Scorecard 2015; Performance Scorecard 2016; PBB Ranking System and Performance Based Bonus 2016
  7. Formal Charter of Expectations for Philsucor Board of Directors (subject to GCG approval)
"No Gift Policy"