CORPORATE GOVERNANCE SCORECARD
A. Responsibilities of the Board
|• Board Composition|
|A. Appointive||Available at corporate website (“About Us” link, “Board of Directors” webpage)|
|• Board meetings||Attendance during board meetings are available at “About Us”, “Corporate Governance” webpage|
|• Role of the board in corporate strategy||On 15 Dec 2015,through Board Resolution No. 503, s. 2015, the BOD approved Laguna de Bay Basin Master Plan: 2016 and Beyond, Towards Climate Resilience and Sustainable Development|
|• Code of Ethics||• The Code of Conduct and Ethical Standards is available at corporate website (“About Us” link, “Corporate Governance” webpage).
• The same Code was approved by then Presidential Adviser on Environmental Protection and GM J.R. Nereus O. Acosta on 10 July 2016. LLDA officials and employees are duty-bound to comply with the Code.
• Internal controls in various organizational processes are in place to ensure compliance with the Code.
|• Access to information (board materials)||Board papers are distributed at least 3 working days before the scheduled board meetings|
|• Internal Control (including Internal Audit)||Internal audit functions are performed by the Internal Audit Division.|
|• Risk management system||
The Authority has identified material risk factors and corresponding measures to manage such risk.
|• Board appraisal system|
|a. Criteria||The Authority adopts the Performance Evaluation for Directors System developed by the GCG (GCG MO No 2014-03, re-issued).|
|• Profile of Acting Board Secretary||Available at “About Us”, “Board of Directors” webpage|
|• 2015 PES||Available at “About Us”, “Corporate Governance” webpage|
B. Disclosure and Transparency
Audited Annual Financial Reports
|Date Published||: December 2016|
|Year of Report||: 2015|
|Date of Receipt from COA||: June 2016|
|Date Published||: February 2017|
|Year of Report||: 2015|
C. State the Location of the Following Information in the Annual Report/Audited Annual Financial Report
|• Corporate objectives||: 2015 Annual Report, page iv|
|• Financial performance indicators||: 2015 Annual Report, page 44|
|• Non-financial performance indicators||: 2015 Annual Report, pages 1 to 43|
Corporate Social Responsibility
|• Customers’ welfare|
Please refer to the following:
|b .Activities||2015 Annual Report, page 31-38|
|• Interaction with the communities|
Excerpts from the CSR Statement :
“WE AFFIRM that the cumulative benefit derived from community-based environmental enhancement initiatives is essential for a healthier lake and a sustainable watershed.
WE COMMIT ourselves to engage citizens of the region by promoting a broad conservation ethic throughout the fabric of community life and foster within all citizens a deep sense of understanding of their roles as stewards of their own local environments.
WE WILL STRIVE to ensure the continuous flow of and easy access to information on the lake and its watershed for the use of the general public and various technical audiences.
WE COMMIT ourselves to work with individuals, ordinary citizens, community based organizations, businesses, local governments, academic institutions and Indigenous Peoples in realizing the common goals and objectives of conserving and protecting the lake for posterity.
WE REAFFIRM OUR COMMITMENT to strengthen existing partnerships with fishers and farmers, River Councils and Non-government organizations, local government units, businesses and industries, international as well as local funding agencies and donor institutions.
WE WILL CONTINUE to forge linkage and partnerships with various sectors and groups and strive to provide opportunities for citizens' groups to directly participate in local restoration and protection projects.”
WE WILL ENDEAVOR to increase the resources available to localities to meet the challenges of protecting the lake and its watershed. We will seek to enhance funding for locally based programs that pursue environmental enhancement and protection objectives.”
|b. Activities||2015 Annual Report, pages 31-38|
|• Environmentally-friendly value chain / consistent with promoting sustainable development|
Excerpts from the CSR Statement:
“WE WILL ENDEAVOR to increase the resources available to localities to meet the challenges of protecting the lake and its watershed. We will seek to enhance funding for locally based programs that pursue environmental enhancement and protection objectives.”
|b. Activities||2015 Annual Report, page 15-20|
|• Contact details for complaints of other stakeholders||• Through website (“Contact Us”)
• Through Feedback and Redress Mechanism of the Citizens Charter.
|a. Employees’ welfare and development||
Rule 1 (1.5) of Code of Conduct and Ethical Standards of Laguna Lake Development Authority (LLDA) states:
1.5 Management shall ensure that all employees have a safe and sanitary work place with appropriate space, ventilation and lighting; otherwise they shall be subject to grievance procedure.”
|b. Training and development (programs and relevant data)||2015 Annual Report, page 43|
|Whistle blowing policy and procedures (including protection of reporting employee/s from retaliation)||Rule 8 of Code of Conduct and Ethical Standards of LLDA provides whistleblowing policy and procedures.|