CORPORATE GOVERNANCE

Conditions Specific to GOCCs (RA 10149 in the GOCC Governance Act)

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1. PhilEXIM Charter
2. Citizen’s Charter 2024, 7th Edition
3. For non-chartered GOCCs, latest Government Information Sheet (GIS) and brief company background including date of incorporation, history, functions and mandate (Not Applicable)
4. List of subsidiaries and affiliates (Not Applicable)
5. Government Corporate Information Sheet (GCIS) as mandated by the GCG thru Memo Circular 2012-01
   2023, 2022, 2021, 2020, 2019, 2018, 2017
6. Code of Ethics and Business Conduct
   

1. Listing of Directors with resume, and membership in committees
   • RALPH GONZALEZ RECTO
     CHAIRPERSON
     Secretary, Department of Finance
     • Primary Alternate Chairperson:
       SHARON P. ALMANZA
       Treasurer of the Philippines
       Bureau of the Treasury (BTr)
     • Secondary Alternate Chairperson:
       KENNETH IAN A. FRANCISCO
       OIC-Deputy Treasurer of the Philippines
       Bureau of the Treasury (BTr)
   • ALBERTO E. PASCUAL
     VICE-CHAIRPERSON
     President and CEO
   • MA. CRISTINA ALDEGUER-ROQUE
     EX-OFFICIO MEMBER
     Acting Secretary, Department of Trade and Industry (DTI)
     • Alternate Member:
       MICHEL KRISTIAN R. ABLAN
       Assistant Secretary, Department of Trade and Industry (DTI)
     • Alternate Member:
       MARIA ASUNCION H. CRUZADA
       Director, Department of Trade and Industry (DTI)
   • ELI M. REMOLONA JR. (From July 3, 2023 until April 6, 2025)
     EX-OFFICIO MEMBER
     Governor, Bangko Sentral ng Pilipinas (BSP)
     • Alternate Member:
       BERNADETTE FATIMA ROMULO-PUYAT (From June 29, 2022 until April 6, 2025)
       Deputy Governor, Bangko Sentral ng Pilipinas (BSP)
     • Alternate Member:
       CHARINA B. DE VERA-YAP (From February 1, 2024 until April 6, 2025)
       Managing Director, Bangko Sentral ng Pilipinas (BSP)
   • ARSENIO M. BALISACAN
     EX-OFFICIO MEMBER
     Secretary, Department of Economy, Planning, and Development (DEPDev)
     • Alternate Member:
       ROSEMARIE G. EDILLON
       Undersecretary, Department of Economy, Planning, and Development (DEPDev)
     • Alternate Member:
       CARLOS BERNARDO O. ABAD SANTOS
       Undersecretary, Department of Economy, Planning, and Development (DEPDev)
   • ISIDRO A. CONSUNJI (From December 7, 2011 until April 6, 2025)
     EX-OFFICIO MEMBER
     Chairman, Philippine Overseas Construction Board (POCB)
     • Alternate Member:
       MICHAEL ROBERTO P. REYES (From July 25, 2016 until April 6, 2025)
       Board Member, Philippine Overseas Construction Board (POCB)
   • FRANCISCO P. TIU LAUREL, JR. (From April 7, 2025 to Present)
     EX-OFFICIO MEMBER
     Secretary, Department of Agriculture (DA)
     • Alternate Member:
       ROGER V. NAVARRO
       Undersecretary, Department of Agriculture (DA)
     • Alternate Member:
       U-NICHOLS A. MANALO
       Assistant Secretary, Department of Agriculture (DA)
     • Alternate Member:
       LORNAL BELINDA L. CALDA
       Director, Department of Agriculture (DA)
   • STEPHEN A. ANTIG
     APPOINTIVE DIRECTOR (representing the export community)
   • SENEN L. MATOTO APPOINTIVE DIRECTOR (representing the Private Sector)
   • EMMANUEL G. HERBOSA APPOINTIVE DIRECTOR (representing the Private Sector)


2. List of Governing Board of Directors
   1. 2025
   2. 2024
   3. 2023
   4. 2022
   5. 2021
   6. 2020
   7. 2019


3. Board Level Committees
   1. Information on Board Committees and their Activities
      1. Board-level Committee Charters
         1. Corporate Governance Committee
         2. Executive Credit Guarantee Committee
         3. Risk Oversight Committee
         4. Audit Committee
         5. IT Steering Committee
         6. Internal Audit Charter
      2. Members of the Board Level Committees (2025, 2024, 2023, 2022, 2021, 2020)
      3. Compensation Package for Board members (2023, 2022, 2021)
      4. Compensation Package for Officers
   2. Board and Committee Level Accomplishment Report
      1. Board (2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014)
      2. Audit Committee (2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014)
      3. Corporate Governance Committee (2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014)
      4. Credit Committee (2019, 2018, 2017, 2016, 2015, 2014)
      5. Executive Credit Guarantee Committee (2024, 2023, 2022, 2021, 2020, 2019)
      6. Finance and Business Development Committee (2020, 2019, 2018, 2017, 2016, 2015)
      7. Risk Oversight Committee (2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014)
      8. IT Steering Committee (2024, 2023, 2022, 2021)
   3. Attendance Record of Directors in Board and Committee Meetings
      1. 2024
      2. 2023
      3. 2022
      4. 2021
      5. 2020
      6. 2019
      7. 2018
      8. 2017
      9. 2016
   4. List of Senior Officers

1. Latest annual audited report within thirty (30) days from receipt of such report
   1. 2023 File received: 11/20/2024 | File posted: 11/20/2024
      1. Audit Certificate
      2. Management Responsibility for Financial Statements
      3. Financial Statements [1]   [2]   [3]   [4]
      4. Notes to FS
   2. 2022 File received: 07/31/2023 | File posted: 9/15/2023
      1. Audit Certificate
      2. Management Responsibility for Financial Statements
      3. Financial Statements [1]   [2]   [3]   [4]
      4. Notes to FS
   3. 2021 File received: 09/30/2022 | File posted: 10/06/2022
      1. Audit Certificate
      2. Management Responsibility for Financial Statements
      3. Financial Statements [1]   [2]   [3]   [4]
      4. Notes to FS
   4. 2020 File received: 07/30/2021 | File posted: 9/29/2021
      1. Audit Certificate
      2. Management Responsibility for Financial Statements
      3. Financial Statements [1]   [2]   [3]   [4]
      4. Notes to FS
2. Audited financial statements in the past five (5) years
   1. 2019
      1. Audit Certificate
      2. Management Responsibility for Financial Statements
      3. Financial Statements [1]   [2]   [3]   [4]
      4. Notes to FS
   2. 2018
      1. TIDCORP 2018 – Audit Certificate
      2. TIDCORP 2018 – Management Responsibility for Financial Statements
      3. TIDCORP 2018 – Financial Statements [1]   [2]   [3]   [4]
      4. TIDCORP 2018 – Notes to FS
   3. 2017
      1. TIDCORP 2017 – Audit Certificate
      2. TIDCORP 2017 – Management Responsibility for Financial Statements
      3. TIDCORP 2017 – FS
      4. TIDCORP 2017 – Notes to FS
   4. 2016
   5. 2015
   6. 2014
3. Quarterly Reports 2024
   1. 4th Quarter [1] [2]
      Trial Balance as of 31 December 2024
   2. 3rd Quarter [1] [2]
      Trial Balance as of 30 September 2024
   3. 2nd Quarter [1] [2]
      Trial Balance as of 30 June 2024
   4. 1st Quarter [1] [2]
      Trial Balance as of 31 March 2024
4. Quarterly Reports 2023
   1. 4th Quarter [1] [2]
      Trial Balance as of 31 December 2023
   2. 3rd Quarter [1] [2]
      Trial Balance as of 30 September 2023
   3. 2nd Quarter [1] [2]
      Trial Balance as of 30 June 2023
   4. 1st Quarter [1] [2]
      Trial Balance as of 31 March 2023
5. Quarterly Reports 2022
   1. 4th Quarter [1] [2]
      Trial Balance as of 31 December 2022
   2. 3rd Quarter [1] [2]
      Trial Balance as of 30 September 2022
   3. 2nd Quarter [1] [2]
      Trial Balance as of 30 June 2022
   4. 1st Quarter [1] [2]
      Trial Balance as of 31 March 2022
6. Quarterly Reports 2021
   1. 4th Quarter [1] [2]
      Trial Balance as of 31 December 2021
   2. 3rd Quarter [1] [2]
      Trial Balance as of 30 September 2021
   3. 2nd Quarter [1] [2]
      Trial Balance as of 30 June 2021
   4. 1st Quarter [1] [2]
      Trial Balance as of 31 March 2021
7. Quarterly Reports 2020
   1. 4th Quarter (1) (2), 3rd Quarter, 2nd Quarter, 1st Quarter
8. Quarterly Reports 2019
   1. 4th Quarter [1]   [2]   [3]   [4]   FS-4Q
   2. 3rd Quarter
   3. 2nd Quarter [1]   [2]   [3]   [4]
   4. 1st Quarter [1]   [2]   [3]   [4]
9. Quarterly Reports 2018
   1. 4th Quarter, 3rd Quarter, 2nd Quarter, 1st Quarter
   2. Trial Balance as of 31 December 2018
10. Quarterly Reports 2017
    1. 4th Quarter, 3rd Quarter, 2nd Quarter,1st Quarter
    2. Trial Balance as of 31 December 2017
11. Quarterly Reports 2016
    1. 4th Quarter, 3rd Quarter, 2nd Quarter, 1st Quarter
    2. Trial Balance as of 31 December 2016
12. Quarterly Reports 2015
    1. 4th Quarter, 3rd Quarter, 2nd Quarter, 1st Quarter
    2. Trial Balance as of 31 December 2015
13. Quarterly Reports 2014
    1. 4th Quarter, 3rd Quarter, 2nd Quarter, 1st Quarter
    2. Trial Balance as of 31 December 2014
14. Trial Balance
    1. As of 31 December 2021
    2. As of 31 December 2020
    3. As of December 2019
    4. As of June 2019
    5. As of 31 March 2019
    6. As of 30 September 2018
    7. As of 30 June 2018
    8. As of 31 March 2018
15. Current Corporate Operating Budget
16. Local and foreign borrowings (2022, 2021, 2020, 2019)
17. Government Subsidies and Net lending (Not Applicable)
18. All borrowings guaranteed by the National government (2022, 2021, 2019)
19. Information on material risk factors and measures taken to manage such risk
20. Performance Evaluation System
    1. 2025  [1]  
    2. 2024  [1]   [2]   [3]   [4]   [5]  
    3. 2023  [1]   [2]   [3]   [4]   [5]   [6]  
    4. 2022  [1]   [2]   [3]   [4]   [5]   [6]  
    5. 2021  [1]   [2]   [3]   [4]   [5]   [6]  
    6. 2020  [1]   [2]   [3]   [4]   [5]   [6]
    7. 2019 (Not applicable due to merger)
    8. 2018
    9. 2017
    10. 2016
    11. 2015
    12. 2014
    13. 2013
21. Annual Reports
    1. 2023 (File posted: 9/07/2024)
       

       2023-A (File posted: 11/27/2024)

    2. 2022File posted: 10/29/2023
    3. 2021File posted: 12/03/2022
    4. 2020 File posted: 10/29/2021
    5. 2019 File posted: 10/28/2021
    6. 2018File downloaded from PhilExim website: 11/17/2021 | File posted here: 11/17/2021
    7. 2017File downloaded from PhilExim website: 11/17/2021 | File posted here: 11/17/2021
    8. 2016File downloaded from PhilExim website: 11/17/2021 | File posted here: 11/17/2021
    9. 2015File downloaded from PhilExim website: 11/17/2021 | File posted here: 11/17/2021
    10. 2014File downloaded from PhilExim website: 11/17/2021 | File posted here: 11/17/2021
    11. 2013File downloaded from PhilExim website: 11/17/2021 | File posted here: 11/17/2021
22. Corporate Operating Budget
    1. 2023
    2. 2022
    3. 2021
    4. 2020
    5. 2019
    6. 2018
    7. 2017
    8. 2016
    9. 2015
    10. 2014
    11. 2013
    12. 2012

1. Charter Statement / Mission and Vision
2. Performance Scorecard / Strategy Map
   1. 2025-A, 2025
   2. 2024-A, 2024
   3. 2023-A, 2023
   4. 2022-A, 2022
   5. 2021
   6. 2020
   7. 2019
   8. 2018
3. Organizational Chart
4. Manual of Corporate Governance
   1. No Gift Policy
   2. CSR Statement
5. FOI
   1. EO No. 02
   2. FOI Manual
      1. PHILGUARANTEE FOI One Page Manual (English Version)
      2. PHILGUARANTEE FOI One Page Manual (Filipino Translated)
      3. Updated/Revised (FOI) Manual
   3. Inventory of Exceptions to EO2
   4. FOI Request form
   5. FOI Reports (FOI Summary, FOI Registry and FOI Inventory)
   6. FOI Compliance Certificate (2023, 2022, 2021, 2020, 2019)
   7. FOI Compliance sticker
6. Balance Scorecard
   1. 2025
   2. 2024
   3. 2023
   4. 2022
   5. 2021
   6. 2020 [1]  [2]
   7. 2019 (Not applicable due to merger)
   8. 2018
   9. 2017
   10. 2016
   11. 2015
   12. 2014
   13. 2013

1. Board
   1. Ex-officio (2022, 2021, 2020)
   2. Appointive (2022, 2021, 2020)
   3. Corporate Governance Assessment Seal
      1. 2023
      2. 2022
      3. 2021
      4. 2020
      5. 2019
      6. 2018
      7. 2017
      8. 2016
   4. Approved Schedule of Board meetings
      1. 2024
      2. 2023
      3. 2022
      4. 2021
      5. 2020
      6. 2019
      7. 2018
      8. 2017
      9. 2016 (none)
      10. 2015
      11. 2014
   5. Board Orientation Program
      1. 2024
      2. 2023
      3. 2022
      4. 2021
      5. 2019
      6. 2018
      7. 2017
      8. 2016
      9. 2015
   6. Board Training
      1. 2024
      2. 2023
      3. 2022
      4. 2021
      5. 2020
      6. 2019
      7. 2018
      8. 2017
      9. 2016
      10. 2015
      11. 2014
2. Role of Board in Corporate Strategy
   1. How does the Board oversee the implementation of the Corporate Strategy?
   2. When did the Board reviewed the Corporate Strategy?
3. Code of Ethics
   1. Explain who is covered by the Code (Please see page 4 of the Code of Ethics)
   2. Who is required to comply with the Code? (Please see page 4 of the Code of Ethics)
   3. How do they monitor compliance to the Code?
      This is monitored by the Compliance Management & Standards Office through a Compliance Report submitted to the Corporate Governance Committee and Board of Directors on quaterly and annual basis.
4. Access to Information (Board materials)
   At least three (3) working days prior to scheduled meeting; pursuant to BR No. 2006 Series of 2008
5. Internal Control (including Internal Audit)
   Please see pages 16-20 of the Manual of Corporate Governance
6. Risk Management System
   Please see “Information on Material Risk Factors and Measures taken to Manage Risk” in the Transparency Seal
7. Board Appraisal System
   1. Criteria
   2. Procedure
   3. Assessment Form
   4. Annual Performance Assessment (Conducted every year)
8. Corporate Secretary Profile
   Please see Item 1 of the “2022 Board Accomplishment Report”
9. Performance Evaluation System (PES)
   Please see PES under item R. Performance Evaluation System of III. On Financial and Operational Matters on this page.

Disclosures and Transparency (At least 2013 –present disclosures)

1. Annual Audited Financial Reports
   Please see Transparency Seal for complete details of the Annual Audits Financial Reports.
2. Annual Reports
   Please see Annual Reports for complete details.
   State the location of the following information in the annual report/audited financial reports:
   • Corporate Objectives (Please see Page 4 of 2016 Annual Report)
   • Financial Performance Indicators (Please see pages 28-39 of 2016 Annual Report)
   • Non-financial Performance Indicatorsm
   • Details of Whistle Blowing Policy
   • Biographical details (at least age, qualifications, date of first appointment, relevant experience and any other directorships of listed companies) of directors/commissioners
   • Training and/or continuing education program attended by each director/commissioner
   • Review of GOCCs material controls (including operational, financial and compliance controls) and risk management systems
   • Statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC’s internal controls/risk management systems
3. Corporate Social Responsibility
   Please see CSR Statement in item D, number 2 under IV. On Governance Matters on this page and in the home page for activities.

Welfare (policies, program and relevant data)

1. Customer’s welfare (Please see CSR Statement)
   
   • Policies
   • Activities
2. Interaction with the communities (Please see CSR Statement)
   
   • Policies
   • Activities
3. Environmentally-friendly value chain
   
   • Policies (see page 33 of the Manual of Corporate Governance)
   • Activities
4. Contact details for complaints of other stakeholders
   Please click here to view contact details
5. Employees welfare and development
   Please see page 33 of the Manual of Corporate Governance
6. Training and Development Roadmap
   
   1. 2024 Training and Development plan
   2. 2023 Training and Development plan
   3. 2022 Training and Development plan
   4. 2021 Training and Development plan
   5. 2020 Training and Development plan
7. Summary of Training
   2024, 2023, 2022, 2021, 2020, 2018, 2017, 2016, 2015, 2014
8. Complaints and Redress Mechanism/Whistle blowing policy and procedures (including protection of reporting employee/s for retaliation)