I

1.a

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

Y

The GOCC must 1.) identify its stakeholders and 2.) state the policies that were created for the welfare of its customers.

The stated policies must not be ambiguous and should include their underlying principles and guidelines.

The PRA has identified its stakeholders as stated in the PRA Manual of Corporate Governance, PRA Quality Management System (QMS) Manual, PRA Stakeholder Engagement and Management Plan (SEMP), and PRA 5-Year Social Development Management Program (SDMP).

In accordance with the PRA Quality Policy, the Agency is committed to providing quality public service in the performance of its mandates. The PRA QMS Manual integrates the needs and expectations of the Agency’s relevant interested parties as a source of information in its planning process and strategy formulation. The matrix of needs and expectations of identified relevant interested parties is used as a basis to improve PRA’s products and services and to increase stakeholder satisfaction. Further, the PRA has developed its SEMP to identify stakeholders’ concerns, issues, and feedback and to integrate them into PRA’s decision-making process. The grievance mechanism, institutionalized by the SEMP, seeks to address the concerns or complaints raised by those affected by the projects and policies of the PRA. In addition to the SEMP’s grievance mechanism, the PRA has also developed and institutionalized its Feedback and Complaints Mechanism under its Citizen’s Charter, detailing the procedures for filing complaints and providing feedback on the Agency’s government services. While the PRA Freedom of Information (FOI) People’s Manual operationalizes full disclosure of its transactions involving public interest.

Y

PRA Manual on Corporate Governance

PRA Quality Management System Manual – Relevant Interested Parties

PRA Stakeholder Engagement and Management Plan

PRA Social Development and Management Program

Feedback and Complaints Mechanism

PRA Freedom of Information People’s Manual

PRA Quality Policy

 I

 1.b

Does the GOCC disclose a policy that: Elaborates its efforts to interact with the communities in which they operate?

Y

The GOCC must clearly identify its policy on interacting with the communities around it.

The identified policy must not be ambiguous and should include its princples and guidelines.

The PRA Corporate Social Responsibility Statement serves as the foundation for accepting reclamation proposals, highlighting their significant value in terms of environmental impact, sustainability, and disaster risk reduction. It acknowledges that the operations and programs of the PRA not only affect the environment but also significantly impact the lives and welfare of the communities involved. It specifies that the PRA allocates both material and human resources to initiate or improve community projects, primarily for settlements impacted by reclamation efforts. To foster inclusive growth, the PRA is dedicated to creating an institutional mechanism for educating the public about reclamation and for incorporating their perspectives into reclamation activities.

This commitment is reinforced in the PRA’s Manual of Corporate Governance and detailed in the PRA 5-Year Social Development Management Program (SDMP). Furthermore, the PRA’s Mission and Vision Statements emphasize the importance of environmental sustainability in its reclamation activities, aligning with public interest. Additionally, the PRA Quality Policy underscores the Agency’s commitment to delivering quality public services to the people, adhering to the highest standards.

 Y

 PRA Corporate Social Responsibility

PRA Manual on Corporate Governance

PRA Mission and Vision

PRA Quality Policy

PRA Quality Management System Manual

PRA Social Development and Management Program

 I

 2.a

Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Customer health and safety)

Y

The GOCC must state the activities it has undergone during the year being assessed to implement its policies on customer health and safety.

PRA commits to the promotion of health, safety and welfare of its stakeholders through the following activities:

Road Repair and Rehabilitation for Safety of the Motoring Public:
As part of its safety initiatives, the PRA completed extensive rehabilitation and repairs of the Diokno-Libertad Bridge in Pasay City on 10 March 2023, which included installation of traffic signs, a temporary fence, and comprehensive repairs like patching, CFRP application, and painting on various bridge components. Additionally, road repairs on J.W. Diokno Blvd. and ASEAN Avenue, initiated on 08 May 2023, involved asphalt patching over 914.57 sq.m. at a cost of Php 940,923.28, and were completed within ten days, demonstrating the PRA’s commitment to infrastructure maintenance and public safety.

Renovation of PRA Office in Makati City for the General Welfare of the Public:
To enhance public service quality and safety from hazards, the PRA renovated its Makati office in Legaspi Towers 200 in 2023, focusing on creating a sustainable, healthy workspace to benefit both the workforce and service delivery. This renovation, substantially completed in August 2023, addresses post-pandemic work demands by optimizing office layout and infrastructure to improve productivity and operational efficiency.

Inclusion of Stakeholders’ Safety in the PRA Workplace Handbook on COVID-19 Management and Prevention:
The PRA continuously implements the safety measures and protocols for its stakeholders under the PRA Workplace Handbook on COVID-19 Management and Prevention, in line with the ongoing national measures and protocols.

 Y

CY 2023 Road Repair Works and Rehabilitation

Inclusion of Stakeholders’ Safety in the PRA Workplace Handbook on COVID-19 Management and Prevention

I 

2.b

Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Interaction with the communities)

Y

The GOCC must state the activities it has undergone during the year being assessed to implement its policies on community interaction.

The GOCC must state the dates when the aforementioned activities took place.

Interaction with the Masbate City LGU for the Formulation of Coastal Management Strategy Roadmap:
Aligned with its mission, vision, and CSR statements, the PRA has been actively incorporating disaster risk reduction strategies into its initiatives, targeting vulnerable coastal communities. Throughout 2023, the PRA focused on supporting local government units (LGUs) in creating Coastal Management Strategies (CMS) to mitigate climate change impacts. Notably, the PRA collaborated with Masbate City by presenting a CMS initiative, conducting a joint ocular inspection of at-risk coastal areas in June, and formalizing this partnership through an Expression of Collaboration approved by the PRA Board on 05 October 2023.

Interaction with Communities in the Province of Cavite for the Social Development and Management Program (SDMP):
The SDMP is a five-year program ensuring that the Agency’s operations bring sustained economic and social benefits to its host communities and enhance their living standards. In 2023, numerous activities were conducted as part of the SDMP implementation in Cavite province, including: (1) Conduct of ‘Law Enforcement Training’ for the Bantay Bayan Officers of five Coastal Barangays in Ternate on 27 April 2023; (2) Turnover of various medicines to RHU Ternate and fisherfolk on 19 October 2023; (3) Conduct of Entrepreneurship Mindset Training under the Gender Responsive Alternative Livelihood for 14 fisherfolk associations on 23 January 2023 in Tanza; (4) Development of the Fish Processing Industry in Tanza on 24 July 202; (5) Distribution of 5 kg of rice to affected fisherfolk of 11 Coastal barangays of Naic on 14 February 2023; (6) Conduct of Maritime Patrol Operations and Water Safety Awareness with the provision of walkie-talkies on 14-15 March 2023; (7) Conduct of Medical and Dental Mission on 31 March 2023 in Naic; (8) Conduct of Leadership Skills and Financial Management Training on 29-30 June 2023 in Naic: (9) Assistance provided to a school for the construction of the Hydroponics Plus Facility on 25 September 2023 in Naic; (10) Conduct of ‘Law Enforcement Training’ for the Bantay Bayan officers of Brgy. Sta. Mercedes, Maragondon on 29 March 2023.

Gender and Development Programs, Projects, and Activities:
In 2023, the PRA Gender and Development Focal Point System (GFPS) supported communities affected by its projects through various initiatives: (1) distributing rice to fire victims in Cavite City, (2) participating in the 7th Advocacy Caravan for gender equality in Tarlac, and (3) engaging with the Davao City LGU to observe best practices and plan support for stakeholders impacted by coastal reclamation. These activities emphasize the PRA’s commitment to community support, gender equality, and environmental stewardship, with a focus on creating sustainable livelihood programs.

 Y

Board Resolution No. 5839, s. 2023 – Expression of Collaboration Between PRA and Masbate City

CY 2023 Summary of PRA SDMP Activities

CY 2023 Photos of PRA SDMP Activities

CY 2023 Gender and Development Committee Programs, Projects and Activities

 I

 2.c

Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Environmentally-friendly value chain)

Y

The GOCC must state the activities it has undergone during the year being assessed to implement its policies on promoting sustainable development and/or environmentally-friendly value chain.

The GOCC must state the dates when the aforementioned activities took place.

Environmentally Resilient and Sustainable Projects:
The PRA, through the Environmental Management Department (ENV), actively participates in the regular monitoring activities of the Multipartite Monitoring Teams (MMTs) where PRA serves as the Chairperson or regular member, specifically for reclamation projects, infrastructure projects with reclamation, and infrastructure projects within reclaimed lands. The MMTs are mandated to monitor compliance by the project proponents of the conditions under the Environmental Compliance Certificate (ECC) and other applicable environmental laws and issuances.

Collaboration with Masbate City for its Coastal Management Strategy:
Aligned with its mission, vision, and CSR statements, the PRA has been actively incorporating disaster risk reduction strategies into its initiatives, targeting vulnerable coastal communities. Throughout 2023, the PRA focused on supporting LGUs in creating Coastal Management Strategies (CMS) to mitigate climate change impacts. Notably, the PRA collaborated with Masbate City by presenting a CMS initiative, conducting a joint ocular inspection of at-risk coastal areas in June, and formalizing this partnership through an Expression of Collaboration approved by the PRA Board on 05 October 2023.

Energy Conservation and Other Cost Cutting Measures:
The PRA Energy Management Program Handbook and Energy Efficiency and Conservation Measures answer to the government’s thrust to the institutionalization of a Government Energy Management Program (GEMP). Further, the PRA office continues to adhere to the Cost-Cutting Measures implemented within the office.

 Y

CY 2023 Multi-Partite Monitoring Team Activities

PRA Coastal Clean-Up

PRA’s Partnership with the DENR for the National Greening Program

Board Resolution No. 5839, Series of 2023 – Expression of Collaboration Between PRA and Masbate City

Board Resolution No. 4761, s. 2017

Board Resolution No.5632, s. 2022

PRA Energy Management Program Handbook

PRA Energy Efficiency and Conservation Measures

PRA Cost Cutting Measures

 I

3

Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section?

Y

The GOCC must identify both (1) the social and environmental issues of its stakeholders and (2) the activities it undertook to address the said issues during the year being assessed.

No points will be given if only the stakeholders and their CSR issues are identified.

The PRA has a separate CSR section in its website. CSR-related data and information are also disclosed and integrated in the Quality Management System (QMS) Manual and Stakeholders Engagement and Management Plan (SEMP).

The Stakeholder Map, detailed in the PRA’s SEMP, categorizes PRA stakeholders based on their potential impact on public perception and their level of support for PRA projects. This mapping, informed by stakeholders’ perceptions and issues, guides the PRA in developing engagement strategies to address concerns and bolster support for its initiatives. These strategies have been integrated into the PRA’s charter statement and CY 2022 performance scorecard, with a strategic objective to “increase stakeholder support, address community concerns, and gain social acceptance for development projects.”

Apart from this, the PRA in 2023, through its Social Development and Management Program (SDMP), launched enterprise development, healthcare, and educational support initiatives, benefiting fisherfolk communities, improving healthcare access for thirty-five thousand residents, and enhancing educational infrastructure for seventeen thousand students across host municipalities. Additionally, the PRA strengthened institutional capacity and local law enforcement in coastal communities by providing training and essential equipment to “Bantay Bayan Officers” and “Bantay Dagat” volunteers, supporting their efforts in environmental law enforcement.

Y

PRA Corporate Social Responsibility

PRA SEMP Stakeholder Map on Page 13

CY 2023 Strategy Map and Charter Statement

CY 2023 Summary of PRA SDMP Activities

CY 2023 Photos of PRA SDMP Activities

CY 2023 Multi-Partite Monitoring Team Activities

 I

 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?

Y

The GOCC must have contact details (phone number or email address) specifically for concerns and/or complaints.

The PRA website has a page for Telephone Directory with phone numbers, PRA email, and office address specifically for suggestions/complaints/queries.

The PRA website also publishes its Citizen’s Charter with Feedback and complaints Mechanism (included are the procedures and relevant email and hotline numbers) for stakeholder/client’s concerns, feedback, complaints for PRA government services: “For feedback and/or complaints about PRA services and processes under its Citizen’s Charter, you may reach us through any of the following channels:
(email) [email protected]; (hotline numbers) 8459-5000 loc. 8605 or (+639)178109171″

Y

PRA Telephone Directory

PRA Hotline 8888

 I

 5.a

Performance-enhancing mechanisms for employee participation should be permitted to develop. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?

Y

The GOCC must clearly identify its policy on employee health, welfare and safety.

The identified policy must not be ambiguous and should include its principles and guidelines.

The PRA maintains the implementation of the PRA Strategic Performance Management System (PRA SPMS) and the following policies and protocols aim to guarantee a fair and safe working environment, encourage participation in the Agency’s health and wellness programs, promotes corporate activities for employees and camaraderie building, and encourage creativity and innovativeness in the corporate culture:

The Civil Service Commission (CSC) officially approved the Revised Philippine Reclamation Authority Program on Awards and Incentives for Service Excellence (PRA-PRAISE) on 06 December 2022, which recognizes employees’ outstanding achievements, inventions, and exemplary service.

The PRA adopts the Civil Service Commission’s Learning & Development philosophy in its Competency-Based Learning and Development Policy (CBLDP), aiming to bridge competency gaps and enhance employee skills for career advancement while fostering a supportive environment for achieving the PRA’s goals and public service excellence.

The PRA adopted the CSC issued Resolution No. 2200209 on 18 May 2022, outlining Flexible Work Arrangements (FWA) policies in the government to maintain operations and safeguard the health, safety, and welfare of officials and employees while ensuring efficient public service delivery.

The PRA Mental Health and Wellness Program is designed to value, promote, and protect mental health, ensure treatment and prevention of mental conditions, provide coercion-free and accountable services, and support employees with mental health conditions to work productively and without stigma or discrimination.

The PRA Workplace Handbook on COVID-19 Management and Prevention compiles essential information from relevant agencies’ issuances, offering guidance to PRA officers, employees, and stakeholders to safeguard the workforce and their families from COVID-19, while ensuring continuous quality public service.

Y

PRA Employees’ Manual 

PRA Strategic Performance Management System

Revised Philippine Reclamation Authority Program on Awards and Incentives for Service Excellence

PRA Competency-Based Learning and Development Policy

PRA Revised Flexible Work Arrangement and Support Mechanisms for Employees

PRA Mental Health and Wellness Program

PRA Workplace Handbook on COVID-19 Management and Prevention

 I

 5.b

Does the GOCC publish data relating to health, safety and welfare of its employees?

Y

The GOCC must publish data related to health, safety and welfare of its employees such as, but not limited to, absenteeism and occupational injuries/diseases.

To ensure employee health and safety and improve the employees’ overall health, immunity, and protection, PRA provided Influenza and Pneumonia Vaccination among its employees on 19-20 December 2023, conducted by Medstation Biologicals Co. A combined total of 197 employees availed the Influenza vaccination, while 17 employees were inoculated with the Pneumococcal vaccine. Further, 91 employees were vaccinated with the 1st dose of HPV vaccine on 17 January 2024.

Moreover, the Philippine Red Cross provided a comprehensive four-day course on first aid and cardiopulmonary resuscitation (CPR) with automated external defibrillator (AED) to 30 PRA personnel in 2023. This training can be used for employment and day-to-day emergencies.

As part of promoting physical fitness and wellbeing among PRA employees, the Agency organized a Zumba Dance Workout every Monday from 4:00pm to 5:00pm for 2023. This included 33 Zumba sessions for a cumulative total of 336 employees.

Y

CY 2023 Vaccination Report of PRA Employees

Philippine Red Cross Standard First Aid and BLS-CPR AED (SFAT) Training

CY 2023 Various Occupational Health and Safety Trainings

Physical Fitness and Wellness Program – Zumba Dance Workout

 I

5.c

Does the GOCC have training and development programmes for its employees?

Y

The training and development programs for employees must have occurred during the year being assessed and there should be a brief description describing each of the programs.

Competency-Based Learning and Development of PRA Employees

Adopting the Civil Service Commission’s philosophy, the PRA has implemented a Competency-Based Learning and Development Plan (CBLDP) to bridge competency gaps and promote career advancement, embodying a commitment to fostering a skilled workforce and a culture of professionalism. With the Governing Board’s approval via Board Resolution No. 5832 in October 2023, this policy aims to enhance employee skills in a changing work environment, evidenced by a successful 91% organizational competency score in 2023 after conducting assessments for most personnel.

In 2023, the PRA provided a myriad of 85 trainings and seminars from various learning service providers. Likewise these achievements are uploaded en masse in the Corporate Annual Report after receipt of the Audited Annual Financial Statement.

Y

PRA Competency-Based Learning and Development Policy

PRA Career and Development Plan

 I

 5.d

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

Y

The GOCC must give the name of the program and either the 1.) number of participants per program or 2.) average hours per training held

Y

CY 2023 Trainings and Seminars of PRA Employees

 I

 6.a

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

Y

The GOCC must disclose the actual procedures of their whistleblowing policy for their employees or grievance machinery. Merely stating that they have a policy will not suffice.

On the PRA website’s Employees Hub, policies and their corresponding procedures/mechanisms are disclosed, highlighting the Agency’s commitment to employee security and protection. This includes the Whistleblowing Policy and Grievance Machinery, which detail the procedures, reporting channels, and conditions. Furthermore, the PRA issued Office Order No. 089, s. 2020, establishing the Committee on Decorum and Investigation and outlining their functions in compliance with RA 7877 (An Act Declaring Sexual Harassment Unlawful in the Employment, Education, and Training Environment).

Y

PRA Employees’ Hub

PRA Code of Conduct and Ethical Standards of PRA Officials and Employees

PRA Grievance Machinery

PRA Whistleblowing Policy

PRA Committee on Decorum and Investigation

PRA Board Resolution No. 5354, s. 2021

 I

6.b

Y

The GOCC should explicitly disclose the procedures/mechanism in place that protects the whistleblower from retaliation

II

7.a

Does the GOCC’s website disclose the following items: Corporate objectives

Y

The GOCC’s corporate objectives must be specific, measurable, achievable, realistic and timely. Showing the GOCC’s performance scorecard will also be given points.

Disclosures on the Agency’s Strategy Map and Performance Scorecard for CY 2023 pertaining to the strategic objectives are accessible via the PRA’s Corporate Governance webpage.

CORPORATE OBJECTIVES: (1) To reclaim land, including foreshore and submerged areas, through dredging, filling, or other means, and to acquire reclaimed land; (2) To develop, improve, acquire, administer, deal in, subdivide, dispose, lease, and sell all kinds of lands, buildings, estates, and other forms of real property owned, managed, controlled, and/or operated by the Government and; (3) To provide, operate, or administer necessary services for the efficient, economical, and beneficial utilization of the above properties.

STRATEGIC/MEASURABLE OBJECTIVES BASED ON THE CY2023 STRATEGY MAP: (1) Increase the number of environmentally sound buildable areas for development; (2) Promote and integrate a comprehensive coastal defense/protection strategy into development plans; (3) Increase support of stakeholders, address concerns of affected communities, and gain social acceptance for development projects; (4) Increase revenue and improve cash flow; (5) Increase inventory of marketable land assets; (6) Streamline processes and procedures; (7) Strengthen culture of continuous training and innovation in the organization and; (8) Implement a Quality Management System (QMS).

Y

CY 2023 Strategy Map and Charter Statement

CY 2023 Performance Scorecard

Code of Corporate Governance

II

7.b

Does the GOCC’s website disclose the following items: Financial performance indicators

Y

Apart from declaring the financial performance indicators in the annual report and audited financial statements, declaring the financial strategic measures in the GOCC’s performance scorecard will also merit points.

Regarding the Agency’s Financial Performance Indicators for FY 2023, the Audited Financial Statement has not yet been received from the Commission on Audit. Once it becomes available, it will be accessible to the public through the PRA’s Corporate Governance webpage and the Agency’s annual corporate report. In the meantime, the FY 2023 Balance Sheet, Statement of Income and Expenses, Statement of Changes in Equity, and Statement of Cash Flow can be found via the Transparency Seal and the Corporate Governance webpage of PRA.

Additionally, the PRA’s CY 2023 Strategy Map and Performance Scorecard, available on the Corporate Governance webpage, includes financial strategic measures aimed at ‘Increasing Revenue and Improving Cash Flow’.

Y

Code of Corporate Governance

PRA Transparency Seal

FY 2023 Balance Sheet

FY 2023 Trial Balance

FY 2023 Statement of Income and Expenses

CY 2023 Strategy Map and Charter Statement

CY 2023 Performance Scorecard

II

7.c

Does the GOCC’s website disclose the following items: Non-financial performance indicators

Y

Apart from declaring the non- financial performance indicators in the annual report and accomplishment reports, declaring the non-financial strategic measures in the GOCC’s performance scorecard will also merit points.

The PRA’s CY 2023 Strategy Map and Performance Scorecard, accessible through the PRA’s Corporate Governance webpage, include the Agency’s non-financial strategic measures. The non-financial performance for CY 2023 will also be incorporated into the Corporate Annual Report, which will be published on the PRA website once the Agency receives its Audited Financial Statements from the Commission on Audit.

Y

FY 2023 Major Projects, Programs, and Activities, Beneficiaries, and Status of Implementation

CY 2023 Strategy Map and Charter Statement

CY 2023 Performance Scorecard

Code of Corporate Governance

II

7.d

Does the GOCC’s website disclose the following items: Details of whistle-blowing policy

Y

The GOCC must disclose the actual procedures of their whistleblowing policy for their stakeholders. Merely stating that they have a whistleblowing policy will not suffice.

The PRA website features the Whistleblowing Policy detailing the following: coverage, scope of reportable conditions, procedures in handling whistleblowing reports, reporting channels, and remedies and sanctions. This policy will be included in the Corporate Annual Report, to be published on the PRA website upon receipt of the Audited Financial Statements from the Commission on Audit.

Y

PRA Whistleblowing Policy 

II

7.e

Does the GOCC’s website disclose the following items: Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners

Y

All of the biographical details of ex officio and appointive direcors being asked by the item must be provided, otherwise no point will be given should there be a missing detail.

Details on the PRA Board’s profiles, including biographies, qualifications, experiences, appointment dates, oath office, committee memberships, directorships, and trainings as of 31 December 2023, are available on the PRA’s Board and Management Profile webpage. These details will also be included in the Corporate Annual Report, set to be published on the PRA website following the receipt of the Audited Financial Statements from the Commission on Audit.

Y

PRA Board and Management Profile

II

7.f

Does the GOCC’s website disclose the following items: Training and/or continuing education programme attended by each director/commissioner

Y

All the trainings of Appointive Directors up until the year being assessed must be disclosed. If the Appointive Director did not attend a meeting on the year being assessed, a statement regarding his lack of training must be made in order to garner points for this item.

Information about the PRA Board’s training attendance as of 31 December 2023 is available on the PRA’s Board and Management Profile webpage. This information will be included in the Corporate Annual Report, to be published on the PRA website after receiving the Audited Financial Statements from the Commission on Audit.

Y

PRA Board and Management Profile

CY 2023 PRA Board of Directors Summary of Attendance

II

9.

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

Y

The GOCC must state that it fully complies with the code of corporate governance and if there is non-compliance, it must explain the reason for the non-compliance.

Merely stating that the GOC “generally complies” with the code of corporate governance will not be taken as full compliance and will not garner any points>

The PRA fully complies with the Code of Corporate Governance.

A Statemenf of Full Compliance with the Code of Corporate Governance was issued by the Board Secretary on 21 March 2024.

Y

Statement of Full Compliance with the Code of Corporate Governance 

 III

11.a

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

Y

The GOCC must disclose that the Board has reviewed the mission, vision and strategy during the year being assessed. The date of review must also be indicated. Merely stating the GOCC’s mssion, vision and strategy, and posting documents (strategy map and scorecard) will not be given points.

The PRA Governing Board annually reviews, monitors and evaluates the PRA’s vision, mission, strategies, policies and procedures pursuant to their functions stipulated in the PRA’s Manual of Corporate Governance.

The Board reviewed the Mission and Vision, as well as the CY 2023 Strategy Map and Strategic Objectives, during the CY 2023 Planning Session and Mission and Vision Review on 18-20 January 2023. Additionally, the Agency’s accomplishments and the status of strategies and performance targets were examined during the CY 2023 Mid-Year Assessment and CY 2024 Interim Planning on 06-07 July 2023. As a best practice, the PRA Board and Management also conducted the PRA’s CY 2024 Planning Session before the beginning of the calendar year on 14-15 December 2023.

Y

Manual of Corporate Governance on Page 5 Item 4.3.b and 4.3.i

Board’s Review of the PRA’s Mission and Vision and Strategies in CY 2023

Y

There should be a disclosure on how the Board oversees the implementation of the corporate strategy.

III

13.a

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

Y

The details of the Code of Ethics or Conduct must be disclosed. Merely stating that the GOCC has a Code of Ethics without divulging information on the coverage of the Code or how breaches are handled will not suffice.

The PRA Code of Ethics outlines the standards of conduct, policies, implementation processes, monitoring, duties of officials and employees, prohibited acts, and penalties that must be adhered to. Additionally, the PRA complies with CSC rules and regulations governing the proper conduct of civil servants.

As specified in Section 1 of the Code, ‘This Code of Conduct and Ethics applies to the Board of Directors, officers, and employees of the PRA, whether appointed by the President of the Philippines, or are regular, permanent, temporary, contractual, co-terminous, or casual employees.’ In cases of breaches, violations, or prohibited acts under the Code, appropriate penalties will be enforced in accordance with the administrative and/or civil case procedures established by the relevant oversight and quasi-judicial agencies, as outlined in Section 10.

Further, the PRA SALN Manual mandates the submission of SALN as required by law under Article XI Section 17 of the 1987 Constitution and Section 8 of Republic Act No. 6713, the “Code of Conduct and Ethical Standards for Public Officials and Employees.” It includes a waiver authorizing the Ombudsman or his authorized representatives to attain documents that may show assets, liabilities, net worth, business interests, and financial connections from all appropriate government agencies.

Y

PRA Employees Hub 

PRA Code of Conduct and Ethical Standards of PRA Officials and Employees

PRA No Gift Policy

PRA Citizen’s Charter

PRA SALN Manual

III

13.b

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

Y

It must be explicitly stated that all the Directors, senior management and the employees are required to comply with the Code. If the Code is only for employees, the item will be marked as “N.”

III

13.c

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

Y

Examples of activities done in order to implement or monitor compliance with the Code of Ethics/Conduct are:

-communicating the code to all existing and new employees and directors
– making the code available on the company intranet for ease of access
– requiring all parties to declare annually that they have complied with the code of ethics or conduct

The PRA implements and monitors employees’ compliance with the Code of Ethics by making the Code available through the PRA Employees Hub on the website for easy access. Further, all employees are religiously reminded of RA 6713 by reciting the CSC Panunumpa ng Lingkod Bayan and Panunumpa sa Watawat ng Pilipinas.

To reinforce adherence to the Code of Ethics, the PRA issued the No Gift Policy, which underscores the policies declared in the Code of Ethics. The PRA No Gift Policy, along with other relevant laws and issuances from various agencies, is also accessible to all employees via the PRA’s Employees Hub.

Further, pursuant to PRA Board Resolution No. 5826, s. 2023, the Statement of Assets, Liabilities, and Net Worth (SALN) is a required disclosure by officials and employees, including their spouses and dependent children under 18, detailing all assets, liabilities, business interests, and financial connections, with gifts and inheritances listed at fair market value. Mandated by the 1987 Constitution and Republic Act No. 6713, with guidelines set by Civil Service Commission Memorandum Circular No. 03, series of 2015, SALNs must be submitted to the Civil Service Commission by June 30 each year, including a waiver for Ombudsman access to relevant documents.

The PRA Citizen’s Charter under the Feedback and Complaints Mechanism reinforces the Agency’s commitment to upholding the ethics and accountability in public service.

Y

III

14

Does the Board appoint a Nomination Compensation / Remuneration Committee?

Y

The GOCC must disclose the names of all of the members of its Nomination, Compensation / Remuneration Committee during the year being assessed. Merely stating the name of the office/agency of the Ex Officio Member will not suffice and will not garner any points.

In accordance with Sec. 6 of the PRA Manual for Corporate Governance, the members of the Nomination and Remunerations Committee as of 31 December 2023 are:

Chairman Alexander T. Lopez
GM and CEO Cesar S. Siador, Jr.
GM and CEO Cesar S. Siador, Jr.
Dir. Dioscoro E. Esteban, Jr.
Dir. Nolasco K. Bathan
Dir. Anthony Peter D. Crisologo
Dir. Anthony Peter D. Crisologo Former Chairman Alberto C. Agra*
Dir. Oscar T. Lactao**
Former Dir. Ulysses T. Sevilla***

*Until 07 November 2023
** Until 13 November 2023
*** Until 15 November 2023

Y

Board Resolution No. 5860, s. 2023 – Approval of the New Composition of the PRA Board Committees

III

15

Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?

Y

The GOCC must publish the meeting attendance records during the year being assessed.

The Nomination and Remunerations Committee conducted seven (7) meetings in CY 2023 on the following dates which is published on the PRA website:

22 February 2023
16 March 2023
22 May 2023
09 June 2023
10 August 2023
19 October 2023
06 December 2023

Y

CY 2023 Board Nomination and Remunerations Committee Meetings

III

16

If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?

Y

The GOCC must publish an accomplishment report of the committee and/or minutes of the meetings held.

The Nomination and Remunerations Committee’s CY 2023 Accomplishment Report is disclosed.

Y

CY 2023 Board Nomination and Remunerations Committee Report

III 

17

Does the Board appoint an Audit Committee?

Y

The GOCC must disclose the names of all of the members of its Audit Committee during the year being assessed. Merely stating the name of the office/agency of the Ex Officio Member will not suffice and will not garner any points.

In accordance with Sec. 6 of the PRA Manual for Corporate Governance, the members of the Audit Committee as of 31 December 2023 are:

Chairman Alexander T. Lopez
GM and CEO Cesar S. Siador, Jr.
Dir. Dioscoro E. Esteban, Jr.
Dir. Nolasco K. Bathan
Dir. Anthony Peter D. Crisologo
Dir. Oscar T. Lactao*
Dir. Ulysses T. Sevilla**

* Until 13 November 2023
** Until 15 November 2023

Y

Board Resolution No. 5860, s. 2023 – Approval of the New Composition of the PRA Board Committees

III 

18

If yes, is the report of the Audit Committee publicly disclosed?

Y

The GOCC must publish an accomplishment report of the committee and/or minnutes of the meetings held.

The Audit Committee’s CY 2023 Accomplishment Report is disclosed.

Y

CY 2023 Board Audit Committee Report

III

19

Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?

Y

The educational qualifications and/or work experience of the Audit Committee Members should be disclosed. At least one of the Audit Committee Members must have an audit, accounting or finance educational or work background in order to garner points for this item.

Chairman Alexander T. Lopez is a graduate of AB Economics at the Ateneo de Manila University.
Dir. Nolasco K. Bathan attended a training/seminar on “Cooperative Financial Management” conducted by the Union of Defense and Public Safety Cooperatives on June 25-26, 2016.
Dir. Ulysses T. Sevilla* has attended trainings and seminars on “Enhancing Audit Committee Effectiveness (Essentials)” and “Seminar on Finance for Directors”, both conducted by the Institute of Corporate Directors.
Dir. Oscar T. Lactao** has attended trainings and seminars on Enhancing Audit Committee Effectiveness (Essentials)” and “Revised Corporation Code”, both conducted by the Institute of Corporate Directors.

* Until 13 November 2023
** Until 15 November 2023

Y

PRA Board and Management Profile

Chairman Alexander T. Lopez

Dir. Nolasco K. Bathan

Dir. Ulysses T. Sevilla

Dir. Oscar T. Lactao

III

20

Did the Audit Committee meet at least four times during the year?

Y

The GOCC must disclose all the audit committee meetings held during the year being assessed.

The Audit Committee conducted eight (8) meetings in CY 2023 on the following dates:

30 January 2023
22 February 2023
16 March 2023
20 April 2023
22 May 2023
09 June2023
25 July 2023
14 September 2023

 Y

CY 2023 Board Audit Committee Meetings

 III

21

Does the Board appoint a Risk Management Committee?

Y

The GOCC must disclose the names of all of the members of its Risk Management Committee during the year being assessed. Merely stating the name of the office/agency of the Ex Officio Member will not suffice and will not garner any points.

In accordance with Sec. 6 of the PRA Manual for Corporate Governance, the members of the Risk Management Committee in CY 2023 are:

Chairman Alexander T. Lopez
GM and CEO Cesar S. Siador, Jr.
Dir. Dioscoro E. Esteban, Jr.
Dir. Nolasco K. Bathan
Dir. Anthony Peter D. Crisologo
Former Chairman Alberto C. Agra*
Dir. Oscar T. Lactao**
Former Dir. Ulysses T. Sevilla***

*Until 07 November 2023
** Until 13 November 2023
*** Until 15 November 2023

Y

Board Resolution No. 5860, s. 2023 – Approval of the New Composition of the PRA Board Committees

III

22

If yes, is the report on Risk Management Committee publicly disclosed?

Y

The GOCC must publish an accomplishment report of the committee and/or minnutes of the meetings held.

The Risk Management Committee’s CY 2023 Accomplishment Report is disclosed.

Y

CY 2023 Board Risk Management Committee Report

III

23

Does at least one member of the Risk Management Committee have a background in finance and investments?

Y

The educational qualifications and/or work experience of the Risk Management Committee Members should be disclosed. At least one of the Risk Management Committee Members must have an investment and finance educational or work background in order to garner points for this item.

Chairman Alexander T. Lopez is a graduate of AB Economics at the Ateneo de Manila University. He sits as Chairman of a private construction company as well.
Dir. Dioscoro E. Esteban, Jr. attended trainings on “Understanding Risk Management and Risk Management Sessions on How to Conduct Risk Management” on 18 April 18 and 17 May 2018, respectively.
Chairman Alberto C. Agra* conducted three (3) seminars for the Ateneo Center for Continuing Education on: (1) PPPs, Project Finance Diploma Course, November 14, 2015; (2) PPPs, Project Finance Diploma Course, November 19, 2016; and (3) PPP Procedures, Risks and Contracts, Project Finance Diploma Course, November 26, 2016. He also attended an Online Training Programme on Fundamentals of Infrastructure Project Finance on May to July 2011.
Dir. Oscar T. Lactao** attended training on International Procurement of Procuring Services at the International Law Institute on 15-26 June 2020.
Dir. Ulysses T. Sevilla*** attended trainings and seminars on “Enhancing Audit Committee Effectiveness (Essentials)” and “Seminar on Finance for Directors”, both conducted by the Institute of Corporate Directors.

*Until 07 November 2023
** Until 13 November 2023
*** Until 15 November 2023

Y

PRA Board and Management Profile

Chairman Alexander T. Lopez 

Dir. Dioscoro E. Esteban Jr. 

Former Chairman Alberto C. Agra

Dir. Ulysses T. Sevilla

Dir. Oscar T. Lactao

III

24.a

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

Y

The GOCC must explicitly disclose that the meetings held on the year being assessed were scheduled well in advance and when they were scheduled.

Regular Board meetings are scheduled for every third Thursday of the month. Any changes or adjustments to the schedule are made based on the availability of the GM/CEO, the Chairman of the Board, and the Board of Directors.

Y

III

24.b

Does the Board of Directors meet at least monthly?

Y

The GOCC must show its attendance records that there were monthly meeting held.

The CY 2023 Summary of Board Meeting Attendance details the monthly meetings conducted by the Board. There are twenty-four (24) regular and special board meetings conducted in 2023.

Y

CY 2023 PRA Board of Directors Summary of Attendance

III

24.c

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

Y

In order to garner points for this item, the GOCC must be able to first prove that meetings were scheduled in advance (Q. 24.a.) Afterwhich, a schedule of actual meetings held must be shown to prove that the Board met on at least 75% of their scheduled meetings.

All scheduled monthly Board meetings were conducted with a quorum present. There are twenty-four (24) regular and special board meetings conducted in 2023.

Y

CY 2023 PRA Board of Directors Summary of Attendance

III

24.d

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

Y

All of the attendance of Appointive and Ex Officio/Alternate Directors must be considered and all of them should have attended at least 90% of the board meetings held during the year in order to garner points for this item.

Each of the directors attended at least 90% of all the regular and special board meetings in CY 2023. There are twenty-four (24) regular and special board meetings conducted in 2023.

Y

CY 2023 PRA Board of Directors Summary of Attendance

III

24.e

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

Y

The GOCC must explicitly state a meeting held on a specific date wherein the Board met without the President/CEO present.

The PRA Governing Board conducted/held a meeting on 27 December 2023 without the General Manager and CEO.

 Y

CY 2023 PRA Board of Directors Summary of Attendance

III

25.a

Does the GOCC have 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?

Y

The GOCC must clearly dislclose that the Board was provided with the board papers for the upcoming meeting at least 3 working days in advance of the said meeting.

The PRA’s Manual on Corporate Governance mandates that Board papers/materials be provided to Board members at least three (3) working days before the scheduled meeting, a policy further reinforced by Board Resolution No. 4818, s. 2017.

Additionally, the PRA has implemented paperless Board meetings. Members can access Board papers/materials online through a PRA-specific application available on tablets, mobile phones, laptops, or desktops.

 Y

Manual of Corporate Governance on Page 9 Item 5.2.e

Board Resolution 4818, s. 2017 – Approval of the Adoption of the Board Governance and Best Practices

 III

25.b

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

Y

The GOCC should disclose the educational and work background of the Corporate Secretary. In order to garner points for this item, there should be proof that the Corporate Secretary has legal, accountancy or secretarial educational/work background.

The Board Secretary’s educational and professional experience is detailed in the CV available on the PRA’s Board and Management Profile webpage. The Board Secretary is a member of the Integrated Bar of the Philippines.

Y

Board Secretary Mark Arthur M. Catabona

PRA Board and Management Profile

III

26.a

Does the company have a separate internal audit function?

Y

There should be a clear showing that there is a separate internal audit function in the GOCC, whether it be a singular internal auditor, an entire internal audit department or an external firm. If it is a secondary function of an existing staff or department, the GOCC will not garner points for this item.

The PRA’s Table of Organization reflects that the PRA Internal Audit Division is under the Board of Directors.

Y

PRA Table of Organization

PRA Quality Management System Manual – Table of Organization

III

26.b

Does the appointment and removal of the internal auditor require the recommendation of the Audit Committee?

Y

The GOCC should explicitly state that the appointment and removal of the internal auditor require the approval of the Audit Committee.Should the charter of the GOCC provide for another mode of appointment/removal of the internal audtor, this should also be stated in order for the assessors to consider such issue.

As approved by the Board in Resolution No. 4853, s. 2018, the PRA Audit Committee Charter was amended to stipulate, ‘The Committee shall be responsible for endorsing to the Board the appointment and removal of the Head of the Internal Audit Division.

Y

Board Resolution No. 4853, s. 2018

III

27.a

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

Y

The GOCC must name all the key internal control procedures and its risk management system. There should also be an assignment of responsibilities in order to garner points for this item

The PRA’s Manual on Corporate Governance outlines the responsibilities of the Risk Management Committee in overseeing risk management functions and ensuring that risk management processes are integrated into operations.

Additionally, the PRA QMS states its Organizational Issues structured in PESTLE format and Material Risk Factors and Strategies identify the risks associated with internal processes and external factors.

Y

Manual of Corporate Governance on Item 6.5

PRA Quality Management System Manual – PESTLE Organizational Issues

Material Risk Factors and Strategies

III

27.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?

Y

The GOCC’s annual report must explicitly state that the Board conducted a review of the company’s risk management system and material controls during the year being assessed.

The Audit Committee has certified that, through the Internal Audit Division, it conducted an oversight review of the PRA’s internal control systems and compliance monitoring processes. Similarly, the Risk Management Committee has certified its oversight review of the Agency’s risk management systems, concluding them to be adequate.

This statement and certification will be included in the Corporate Annual Report, which will be published on the PRA website upon receipt of the Audited Financial Statements from the Commission on Audit.

Y

CY 2023 Board Audit Committee Certification

CY 2023 Board Risk Management Committee Certification

III

27.c>

Does the company disclose how key risks are managed?

Y

The GOCC must disclose all of its key risks (operational, compliance and financial) and how they are being managed. Merely disclosing a list of risks will not garner any points.

The PRA QMS states its Organizational Issues structured in PESTLE format and Material Risk Factors and Strategies identify the risks associated with internal processes and external factors.

Additionally, the PRA’s Manual on Corporate Governance details the responsibilities of the Risk Management Committee in overseeing risk management functions and ensuring that risk management processes are integrated into operations.

Y

PRA Quality Management System Manual – PESTLE Organizational Issues

Material Risk Factors and Strategies

Manual of Corporate Governance on Item 6.5

III

27.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?

Y

The GOCC’s Board or Audit Committee must explicitly state that the GOCC’s risk management systems and internal controls are adequate

The Audit Committee, through the Internal Audit Division, has conducted an oversight review of the PRA’s internal control system and the process of monitoring compliance with laws. It has received, deliberated, and subsequently elevated the reports concerning the adequacy of PRA’s internal control system to the appropriate forum. Similarly, the Risk Management Committee has performed an oversight review of the Agency’s risk management systems and found them to be adequate.

This statement and certification will be included in the Corporate Annual Report, which will be published on the PRA website after the Agency receives its Audited Financial Statements from the Commission on Audit.

Y

CY 2023 Board Audit Committee Certification

CY 2023 Board Risk Management Committee Certification

III

28

Do different persons assume the roles of Chairman and CEO?

Y

The GOCC’s PCEO and Chairman during the year being assessed must be clearly identified in the website. An N/A rating will be given should the GOCC’s charter provide that the Chairman and PCEO positions must be held by a single person.

Chairman Alexander T. Lopez
GM and CEO Cesar S. Siador, Jr.
Former Chairman Alberto C. Agra*
Former GM and CEO Janilo E. Rubiato**

*Until 07 November 2023
**Until 12 November 2023

 Y

PRA Board and Management Profile

III

29.a

Does the GOCC have orientation programs for new Directors?

Y

The GOCC must not only state that it has an orientation programs for Directors. Details and/or coverage of the orientation program must be disclosed in order to garner points for this item.

The PRA has a policy requiring new appointive Directors to participate in an orientation program facilitated by the Management Committee and the Corporate Planning & MIS Department. This orientation includes topics such as PRA history, mandates, pertinent legal issuances, organizational structure, core functions, duties and responsibilities of each unit/department, status of PRA projects, and the Agency’s financial and non-financial standing. Reference materials are provided in advance as a kit for new appointive Directors to review before and after the orientation. Any questions or clarifications are addressed by the relevant unit/department during and following the orientation.

Y

Board Resolution 4818, s. 2017 – Approval of the Adoption of the Board Governance and Best Practices

 III

 29.b

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

Y

Apart from stating the GOCC’s training policy and continuous education programs for its Directors, the GOCC may also state that it has a training budget allocated for the Directors on the year being assessed.

It is PRA policy that Directors must attend at least two (2) ongoing or continuous professional education programs within a given calendar year.

Y

Board Resolution 4818, s. 2017 – Approval of the Adoption of the Board Governance and Best Practices

 III

29.c

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

Y

The GOCC must disclose that each Appointive Director attended at least one (1) training during the year being assessed. If there is an Appointive Director who did not attend at least one (1) training the GOCC will not garner points for this item.

Chairman Alexander T. Lopez
Surbana Jurong Coastal and Environmental Seminar
GM and CEO Cesar S. Siador, Jr.
Surbana Jurong Coastal and Environmental Seminar
Dir. Dioscoro E. Esteban, Jr.
Surbana Jurong Coastal and Environmental Seminar
Royal Boskalis Building with Nature (Experts in Dredging)
Royal HaskoningDHV Understanding and Using Natural Processes to Create More Resilient Solutions
FOI Programs and Update of Information
Dir. Nolasco K. Bathan
Surbana Jurong Coastal and Environmental Seminar
Royal Boskalis Building with Nature (Experts in Dredging)
Royal HaskoningDHV Understanding and Using Natural Processes to Create More Resilient Solutions
FOI Programs and Update of Information
Dir. Anthony Peter D. Crisologo
Surbana Jurong Coastal and Environmental Seminar
Former Chairman Alberto C. Agra*
FOI Programs and Update of Information
Dir. Oscar T. Lactao**
FOI Programs and Update of Information
Dir. Ulysses T. Sevilla***
Royal Boskalis Building with Nature (Experts in Dredging)
Royal HaskoningDHV Understanding and Using Natural Processes to Create More Resilient Solutions
FOI Programs and Update of Information
Dir. Janilo E. Rubiato****
8th MCLE Compliance Period
FOI Programs and Update of Information

*Until 07 November 2023
** Until 13 November 2023
*** Until 15 November 2023
****Currently suspended effective 11 July 2023

Y

CY 2023 PRA BOD Trainings and Seminars

PRA Board and Management Profile

III

30.a

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

Y

The GOCC should conduct its own Board Appraisal which is different from GCG’s internet-Based Performance Evaluation for Directors (iPED). It must be readily apparent when the said Board Appraisal was conducted in order to garner points for this item.

The PRA has developed the Annual Performance Evaluation of the Board as part of the Agency’s best practices. This evaluation serves as an effective tool to maintain government corporate standards and enhance organizational effectiveness. It annually measures the diligence of the Governing Board in fulfilling its mandated duties and responsibilities. Additionally, the evaluation outcomes are used to identify and develop appropriate induction and training programs for both new and existing Board members.

In line with practices from previous years, the PRA successfully conducted the Board Performance Evaluation for Calendar Year 2023. This assessment included the Board and Board-level Committees as collegial bodies, as well as the individual members of the Board. The evaluation took place during the physical Board meeting on 27 December 2023.

Y

PRA Board and Board Committees Annual Performance Evaluation

III

30.b

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

Y

The GOCC must disclose the entire process involved in undertaking the Board Appraisal.

The Performance Assessment is conducted annually among the Board and Board-level Committees as collegial bodies, as well as among the members as individual members of the Board. Assessors are given a questionnaire with questions designed to elicit self and peer-to-peer evaluations in the areas of Leadership, Productivity, and Diligence.

The results of the performance assessments are evaluated and deliberated upon annually by the Corporate Governance Committee in a duly constituted meeting.

Y

III

30.c

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

Y

The GOCC must disclose the entire process involved in undertaking the Board Appraisal.

The criteria used in the Performance Assessment of the Board are as follows:

Leadership: 40% (refers to the fulfillment of the Board’s Key Responsibilities)
Productivity: 30% (refers to the Board’s formulation of policies)
Diligence: 30% (refers to the Board’s attendance and active participation in meetings)
Total: 100%.

 Y

III

31

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

Y

The GOCC should conduct an Appraisal of its Committees’ performance during the year being assessed. It must be readily apparent when the said Committee Appraisal was conducted in order to garner points for this item.

Consistent with previous years, the PRA has successfully conducted the Board Performance Evaluation for Calendar Year 2023 among the Board and Board-level Committees as collegial bodies, as well as among the members as individual members of the Board. Said Board Performance Evaluation was conducted during the physical Board meeting on 27 December 2023.

Y

II

8

Are the annual reports downloadable from the GOCC’s website?

Y

Annual reports/Financial statements on the year being assessed must be downloadable from the GOCC’s website.

The CY 2023 Annual Report which includes the Financial Statements, as well as the previous annual reports, are downloadable from the PRA website’s homepage through the drop-down menu “About Us” and “Annual Reports”. Financial Statements are likewise downloadable from the Audited Financial Statements webpage through the PRA’s Governance webpage.

Y

CY 2023 Annual Report

Past PRA Annual Reports

PRA Corporate Governance Webpage – Item 43.3.b

PRA Audited Financial Statements Webpage

Transparency Seal Item VI

 II

 10.a

Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?

Y

The GOCC must explicitly state the 1.) date of receipt of the AFS from COA and 2.) the date when the AFS was released/published online.

An N/A rating will be given for this item if the COA-audited financial report is not yet available or not yet transmitted to the GOCC, provided that the evidence/ proof of their financial reports have already been submitted for audit and that they disclose their unaudited financial reports instead.

The FY 2023 Audited Financial Report was received from COA on June 14, 2024. It was published in the PRA website through the PRA Code of Corporate Governance Webpage (PRA Audited Financial Statements) [Item 43.3.b] and Transparency Seal [Item VI-2023] on June 19, 2024, which is only 6 calendar days from receipt of the document.

 Y

 PRA Corporate Governance Webpage – Item 43.3.b

PRA Audited Financial Statements Webpage

Transparency Seal Item VI

 II

 10.b

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

Y

The GOCC must explicitly state the 1.) date of receipt of the AFS from COA and 2.) the date when the Annual Report was released/published online

The FY 2023 Audited Financial Report was received from COA on June 14, 2024. The CY 2023 Annual Report is published in the PRA website on September 10, 2024, which is 89 calendar days from receipt of the FY 2023 Audited Financial Report.

 Y

CY 2023 Annual Report

PRA Corporate Governance Webpage – Item 43.3.b

PRA Audited Financial Statements Webpage

II 

10.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?

Y

There should be a statement onlione made by the Directors and/or relevant officers confirming the truth/veracity and fairness of the GOCC’s financial statements.

The Chairman and General Manager & CEO, on behalf of the PRA Board, issued a Statement confirming the truth and fair view of the state of affairs of the Agency through its audited financial position and comprehensive income. The same is likewise reflected in the CY 2023 Annual Report’s Financial Highlights portion.

 Y

Statement of Directors for FY 2023

CY 2023 Annual Report

III 

12

Did the GOCC achieve 90% in the PES?

Y

The GOCC must publish the GCG-validated performance scorecard on the year being assessed.

Upon submission of the Agency’s CGSR-B 2023, the GCG is yet to release the result of their validation of the PRA’s CY 2023 Performance Scorecard. The PRA’s unvalidated CY 2023 Performance Scorecard is 97.87%.

 Y

PRA Corporate Governance Webpage – Item 43.4

IV 

1 Stakeholder Relationship

Does the GOCC practice Global Reporting Index (GRI) on its annual reports?

Y

The GOCC must publicly disclose that it has adopted integrated reporting based on the GRI framework for its disclosures.

The GRI Content Index references PRA’s 2023 Annual Report, aligning it with the GRI 2021 Standards to ensure a comprehensive, structured, and globally aligned approach to sustainability reporting. The Global Reporting Initiative (GRI) has been duly notified with the use of the Philippine Reclamation Authority (PRA) with the GRI Standards 2021 as stipulated in GRI 1: Foundation 2021.

 Y

CY 2023 Annual Report

IV 

2 Timely release of annual financial report

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

Y

The GOCC must explicitly state the date when the AFS was released from COA and when it was published.

The FY 2023 Audited Financial Report was received from COA on June 14, 2024. It was published in the PRA website through the PRA Code of Corporate Governance Webpage (PRA Audited Financial Statements) [Item 43.3.b] and Transparency Seal [Item VI-2023] on June 19, 2024, which is only 6 calendar days from receipt of the document.

 Y

PRA Corporate Governance Webpage – Item 43.3.b

PRA Audited Financial Statements Webpage

Transparency Seal Item VI

V 

1 Responsibilities of the Board

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

N

The GOCC must name all the directorships of their Appointive Direcotrs to other GOCCs and PLCs. Should the Director have more than 5 positions in other GOCCs and PLCs, the GOCC will be marked N on this item.

No member of the Board holds more than five (5) positions in GOCCs and PLCs.

 N

PRA Board and Management Profile

V 

2 Responsibilities of the Board

Is there non-compliance with Good Governance Conditions?

N

The GOCC must disclose the results of GCG’s evaluation of its good governance conditions. Should the GOCC fail to comply with two or more conditions, it will be marked N on this item.

There is no non-compliance with Good Governance Conditions.

 N

CY 2023 Statement of Full Compliance with the Code of Corporate Governance