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The Corporate Governance Scorecard (CGS) is a corporate governance rating system designed to raise the standards of corporate governance practices of the GOCCs to be at par with the ASEAN state-owned enterprises. It is a list of questions used to rate a GOCC's governance policies and practices on the basis of the three (3) OECD Principles of Corporate Governance for State-Owned Enterprises.


Questions: PRA Statement Links
1. Does the GOCC disclose a policy that:
a. Stipulates the existence and scope of its effort to address customer's welfare? PRA’s adoption of the Strategic Engagement Management Plan (SEMP) and its commitment to the Performance Agreement entered with the GCG reflects our dedication in prioritizing the well being of our customers. It is also stated in our Manual of Corporate Governance to ensure fair treatment of our stakeholders and to strengthen PRA’s relations with them. Policies relating to the interest of our stakeholders are also detailed in the 2016 Annual Report. Executive Order No. 146 streamlined the procedures and requirements for the processing of applications. These are detailed in flowcharts published in our website under menu item Services. The Board approved the PRA Freedom of Information Manual to provide the guidelines, process and procedures in dealing with requests for information received under Executive Order (E.O.) No. 02 on Freedom of Information (FOI).
  1. Strategic Engagement Management Plan (SEMP):

    Identified stakeholders page 9 item IV.B 

    Page 27 item VI. Resources and Responsibilities, Item VII. Grievance Mechanism

  2. Freedom of Information

  3. QMS Manual:

    Relevant Interested Parties, Stakeholders Management

  4. Manual of Corporate Governance
b. Elaborates its efforts to interact with the communities in which they operate?
  1. CSR Statement

  2. Manual of Corporate Governance: Corporate Social Responsibility Page 22

  3. PRA Mission and Vision:

    Mission: To increase the nation's land assets through reclamation in an environmentally sustainable manner consistent with the public interest and to provide for a coastal defense strategy for the benefit of the future generations of Filipino people.

    Vision: Contribute and promote economic and social progress through environmentally sustainable land reclamation of approximately 700 hectares and effective public estates development and management by 2010.

c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?

 

  1. CSR Statement

  2. Manual of Corporate Governance: Corporate Social Responsibility Page 22

  3. PRA Mission: To increase the nation’s land assets through reclamation in an environmentally sustainable manner consistent with public interest and to provide for a coastal defense strategy for the benefit of the future generations of Filipino people.

    PRA Vision: Contribute and promote economic and social progress through environmentally sustainable land reclamation of approximately 700 hectares and effective public estates development and management by 2020.

  4. CSR Statement

    "Environment

    It is clearly stated in the Agency’s Mission statement that reclamation projects shall be undertaken in an environmentally sustainable manner consistent with public interest. Just like any other project, the acceptance of reclamation proposals are decided according to the outcome of a cost vs benefit analysis whereby the project proceeds when the benefit outweighs the cost EXCEPT when the costs will be environmental degradation and imminent danger to people’s lives. In such case, no amount of financial or economic gain can justify the project. PRA strictly observes the outcome of an Environmental Impact Assessment before approving any project. In the course of project implementation, environmentally sustainable innovations and disaster risk reduction components are integrated through hard and soft engineering.

    As an ultimate expression of its corporate responsibility over the environment, PRA has assumed as part of its mission the promotion of a coastal defense strategy for the country with reclamation as an enabling component."

2. Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
a. Customer health and safety

As part of its commitment in promoting the health and safety of its stakeholders, PRA implemented programs and activities promoting their well-being which are likewise in line with the agency's projects.

Relocation & Community Development:

The PRA allocates material and human resources to initiate or enhance community projects primarily for settlements affected by reclamation programs as part of its mandate and as an expression of its corporate social responsibility.

Tacloban City – Palo Project:
The 18-months grant duration of “One Resilient Team: Tacloban Project”, which was extended until January 31, 2019, includes activities such as monitoring the planted species to ensure high survival rates and coordination with the community.

 

  

  1. Relocation and Community Development Program

  2. Tacloban - Palo Coastal Defense Strategy Video

  3. Freedom of Information

b. Interaction with the communities

Public Consultations:

To achieve inclusive growth, the PRA is committed to establishing an institutional mechanism for educating the public about reclamation and integrating their views in reclamation activities.

Stakeholders of Tacloban City – Palo Project:

Planting activities for beach forest and mangroves completed in year 2018. Communication through stakeholder consultations and dialogues was conducted periodically for updates on the progress of the project. Discussions of the lessons learned were also held with the communities/ stakeholders to emphasize the importance of their participation in the protection and maintenance of the project.

GAD Livelihood Program:

Various activities were conducted in year 2018 to strengthen the agency's communication and ties with its stakeholders, involving aspects of sustainable livelihood programs.

  1. Tacloban - Palo Coastal Defense Strategy Video

  2. Public Consultations
  3. Gender and Development 2018 Activities

III.a. 2018 GAD Livelihood Program

c. Environmentally-friendly value chain

Compliance with Environmental Laws:

PRA strongly adheres to environmental laws by requiring an Environmental Compliance Certificate (ECC) compliance prior to the start of any reclamation projects.

Monitoring of proponents' compliance with the ECC conditions through active participation as member of the Multi-partite monitoring team (MMT) of the following projects:

  1. JG Summit Petrochemicals, Batangas City
  2. Energy World Corporation, Pagbilao Quezon
  3. LRTA/LRMC Line 1 Extension Project

PRA Officers and Employees also participated as resource persons in the Environmental Impact Assessment (EIA) process for the following proposed project:

  1. Horizon Manila Reclamation Project, Manila
  2. Manila Waterfront City Reclamation Project, Manila
  3. Manila Harbour Center, Manila
  4. Tarlac City Eco-Industrial Park, Tarlac
  5. Bacoor City Reclamation Project, Bacoor
  6. Paranaque Reclamation Project, Paranaque City
  7. Pasay Harbor Center Reclamation Project, Pasay City
  8. New Manila Reclamation Project, Manila

Leadership Towards Establishment of Mangroves and Beach Forest:

PRA's commitment to its stakeholders largely involves the latter's participation in the environmentally friendly value chain.

Community nurseries in Brgys. New Kawayan and San Isidro were established after the successful implementation of planting activities of beach forest in the said pilot areas. Local partners selected the community nursery for their livelihood to supply the demand for the One Resilient Team Project and other similar undertakings in the region. The nursery in Nula Tula has sustained operation by the local community partners.

The establishment of these projects aims to assist the local communities for sustainable livelihood and at the same time ensuring that the beach forest and mangroves are maintained.

Internal Environment-Friendly Initiatives:

PRA makes and executes cost-cutting plans and actions to save the environment. Likewise, PRA employees were enjoined to participate in clean up drives in the LPPCHEA.

  1. Memorandum on Cost-Cutting Measures
  2. Coastal Clean-Up July 14, 2018 and September 22, 2018
3. Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section? Yes
  1. Corporate Social Responsibility Statement

  2. Manual of Corporate Governance: Corporate Social Responsibility Page 22

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? Yes

PRA Telephone directory

5. Performance-enhancing mechanisms for employee participation
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?

Employee welfare is part of PRA's core values. We always strive to provide the needs of our employees through diligent planning and observation of career developments and policies. Implementation of HR programs and activities are published on the website. 

Employees Hub

b. Does the GOCC publish data relating to health, safety and welfare of its employees?
c. Does the GOCC have training and development programmes for its employees?

The PRA believes in enhancing and maintaining a cohesive organization whose personnel are consistently infused with esprit de corps and undergo training and reskilling according to a well-defined competency framework. The Agency dedicates itself to maintaining a culture of professionalism, integrity and accountability among its workforce.

PRA Career Development Plan

Training and Development Plan 2018

d. Does the GOCC publish data on training and development programs for its employees?
6. Performance-enhancing mechanisms for employee participation
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? Stated in the PRA website's Employees Hub are the policies the Agency adheres to and activities implemented to secure and protect our employees.
  1. Employees Hub

  2. Whistleblowing policy

  3. Grievance Machinery

  4. Office Order No. 076 s.2011

 

b. Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
7. Quality of Annual Report
Does the GOCC's annual report disclose the following items:
a. Corporate objectives

Corporate Objectives:

  1. To reclaim land, including foreshore and submerge areas, by dredging, filling or other means, to acquire reclaimed land;
  2. To develop, improve, acquire, administer, deal in, sub-divide, dispose, lease and sell any and 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 for, operate or administer such services as may be necessary for the efficient, economical and beneficial utilization of the above properties.

Strategic Objectives based on 2018 Strategy Map:

  1. Increase number of environmentally sound buildable areas for development
  2. Integrate a comprehensive coastal defense/protection strategy into development plans
  3. Increase Revenue and Improve Cash Flow
  4. Increase inventory of marketable land assets
  5. Increase support of stakeholders, address concerns of affected communities and gain social acceptance of development projects
  6. Implement Clear and Efficient Reclamation Guidelines & Public Estates Development & Management
  7. Provide Efficient Infrastructure Development and Management Services
  8. Strengthen culture of continuous training and innovation in the organization
  9. Implement a Quality Management System (QMS

PES 1 & PES 2 and 2A

b. Financial performance indicators PRA recorded a net income of PhP 4.21 Million for CY 2018.
  1. 2018 Audited Financial Statements

    1. 2018 Audited Financial Statements

    2. 2018 COA Report on Financial Statement

    3. 2018 Balance Sheet

    4. 2018 Statement of Income and Expenses

  2. GCG Accomplishment of Net Income Commitment

  3. Statement of Directors for Financial Year Ended 31 December 2018

c. Non-financial performance indicators  Non-Financial Highlights

2018 Non-Financial Highlights

d. Details of whistle-blowing policy?  Whiltle Blowing Policy

Whistleblowing Policy

 

e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners 2017 Directors' Profile

2018 Directors' Profile

 

f. Does the GOCC's annual report disclose the following items: Training and/or continuing education programme attended by each director/commissioner 2017 Directors' Trainings

The following PRA directors did not attend any trainings for CY 2017:

  1. Dir. Rene Enrique Silos
  2. Dir. Reynaldo B. Robles
  3. Dir. Warren Rex. H. Liong

2018 Directors' Trainings

8. Are the annual reports downloadable from the GOCC's website? Downloadable under the menu item About PRA -> Annual Reports and Transparency Seal item VI Downloadable under the menu item About PRA -> Annual Reports and Transparency Seal item VI
9.  Does the Annual Report 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?  The Board of Directors confirmed the agency's full compliance with the Code of Corporate Governance

2018 Statement of Full Compliance with the Code of Corporate Governance

 

10. Timely filing/release of annual/financial reports
a. Are the audited annual financial report/statement released within 60 days upon receipt from COA?  Yes. 2017 AFS received by PRA from COA on June 29, 2018. It was posted in the PRA website on July 24, 2018. PRA 2018 Audited Financial Statement (under Transparency Seal Item VI. Annual Financial Reports)
b. Is the annual report released within 90 days from release of audited financial report?  N/A  
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?  Yes Statement of Directors for Financial Year Ended 31 December 2018
11. Corporate Vision and Mission/ Strategy
a. Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year? Yes. The Board of Directors reviewed the Mission-Vision and the 2018 Strategy Map and the Strategic Objectives on January 10-12, 2018. Role of the Board in Corporate Strategy

Manual of Corporate Governance page 5 item 4.3.b and 4.3.i

b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
12. Did the GOCC achieve 90% in the PES?   N/A  
13. Code of ethics or conduct
a. Are the details of the code of ethics or conduct disclosed?

The PRA Code of Ethics, describes the duties, responsibilities, policies, implementation process, monitoring and conduct of every employee which should be strictly observed. PRA also adheres to CSC rules and regulations on proper norms and conduct of a civil servant. These are stated under the Employees Hub.

 

Link under menu item About PRA
b. Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?

Code of Ethics Section 2 Norms of Conduct and Section 3 Duties of PRA Officials and Employees

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

Code of Ethics Section 5 Prohibited Acts and Transactions

 No Gift Policy

14. Does the Board appoint a Nomination Compensation/Remuneration Committee? Yes
  1. CGS Manual Sec. 6 page 12-13

  2. 2018 Attendance of Nomination & Remuneration Committee

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

2018 Attendance of Nomination & Remuneration Committee

16. If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed? No 2018 Nomination & Remuneration Committee Report
17. Does the Board appoint an Audit Committee? Yes
  1. CGS Manual Sec. 6 page 11-12

  2. 2018 Audit Committee Report
  3. 2018 Attendance of Audit Committee

18. If yes, is the report of the Audit Committee publicly disclosed? Yes  2018 Audit Committee Report
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?  Yes Director Warren Rex H. Liong
20. Did the Audit Committee meet at least four times during the year?  Yes

2018 Attendance of Audit Committee

21. Does the Board appoint a Risk Management Committee? Yes, members are stated in the Committee report.
  1. CGS Manual Sec. 6 page 13

  2. 2018 Risk Management Committee Report

  3. 2018 Attendance of Risk Management Committee

22. If yes, is the report on Risk Management Committee publicly disclosed?  Yes 2018 Risk Management Committee Report
23. Does at least one member of the Risk Management Committee have a background in finance and investments?  Yes

Chairman Alberto C. Agra
Director Warren Rex H. Liong

24. Board meetings and attendance
a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1) Yes. Regular Board meetings are held every third Wednesday of the month. Changes and adjustments in the schedule are made relative to the availability of the GM/CEO, Chairman of the Board and Board of Directors.  
b. Does the Board of Directors meet at least monthly? Yes 2018 Board Attendance
c. Did the Board of Directors meet on at least 75% on their scheduled meetings?  Yes
d. Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?  Yes
e. Did the Board of Directors meet separately at least once during the year without the President/CEO present? Yes. GM&CEO Janila E. Rubiato is not a member of the Risk Management Committee, hence not present in its meetings.  
25. Access to Information    
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? Yes. Board materials are provided to the board at least three (3) working days prior to the scheduled board meeting pursuant to the PRA by-laws. PRA has also implemented Paperless Board meeting. Board folios can be downloaded online through an application specifically for PRA use only on tablets, mobile phone, laptops or desktops.
  1. Manual of Corporate Governance page 9 item 5.2.e
  2. PRA Policy
b. Is the Board Secretary trained in legal, accountancy or company secretarial practices?  Yes Board Secretary's Profile
26. Internal Audit
a. Does the company have a separate internal audit function?  Yes.   Organizational Chart
b. Does the appointment and removal of the internal auditor require the approval of the Audit Committee? Yes. Based on the Philippine Reclamation Authority Charter of the Audit Committee dated 22 March, 2013, appointment and removal of the Internal Auditor shall come from the Audit Committee.  
27. Risk Oversight
a. Does the company disclose the internal control procedures/risk management systems it has in place? Yes PRA Risk Management
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? Yes. Audit Committee's Certification
c. Does the company disclose how key risks are managed? Yes
  1. PRA Risk Management
  2. Process Flowchart of Internal Audit
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? Yes. A certification was issued by the Audit Committee through the Internal Audit Division of its review of the adequacy of PRA's internal controls and process of monitoring compliance for year 2017. Audit Committee's Certification
28. Do different persons assume the roles of Chairman and CEO? Yes. 2018 Directors' Profile
29. Orientation Program
a. Does the GOCC have orientation programs for new Directors? Yes. New appointive Director/s undergo orientation program facilitated by the Management Committee and CORPLAN-MIS Department. The orientation covers topics such as the duties and responsibilities of each unit/department, status of projects, financial and non-financial standing of the Agency 

PRA Policy

 

b. Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs? Yes. PRA, in its recognition of the importance of development and growth, encourages the Board of Directors to attend  trainings and/or continuous professional education programs. They are apprised of relevant seminars and courses and provides for the necessary arrangements and funding.  PRA Policy
c. Did all Appointive Directors attend at least 1 training for the calendar year?

The following PRA directors did not attend any trainings for CY 2017:

  1. Dir. Rene Enrique Silos
  2. Dir. Reynaldo B. Robles
  3. Dir. Warren Rex. H. Liong

2018 Directors' Trainings

30. Board Appraisal
a. Is an annual performance assessment conducted of the Board of Directors?

The PRA Board Performance Assessment was developed to enhance the Board's professionalism, which also serves as a useful incentive for the board members to devote sufficient time and effort to thier duties. The performance assessment is also used as a reference in the recommendation of continuing education and training programs for the Board members.

The Performance Assessment is conducted annually among the Board and Board-level Committees as a collegial bodies, as well as among the members as individual members of the Board. The results of the performance assessments are evaluated and deliberated upon annually by the Corporate Governance Committee in a duly constituted meeting.

The Criteria used in the Performance Assessment of the Board is as follows:

(40%) Leadership (refers to the fulfillment of Board's Key Responsibilities)

(30%) Productivity (refers to Board's formulation of policies)

(30%) Diligence (refers to Board's attendance and active participation in meetings)

Total of 100%

  1. Manual on Corporate Governance

  2. PRA Board of Directors Performance Assessment Form

b. Does the GOCC disclose the process followed in conducting the Board assessment?
c. Does the GOCC disclose the criteria used in the Board assessment?
31. Is an annual performance assessment conducted of the Board of Directors Committees?

Yes. Annual Performance Assessments are conducted of the Board-level Committees using the criteria and process as the Performance Assessment of the Board of Directors.

PRA Board of Directors Performance Assessment Form

Does the GOCC practice Global Reporting Index (GRI) on its annual reports No.  
Is the audited annual financial reports/statement released within 30 days upon receipt from COA

Yes. 2018 AFS received by PRA from COA on June 2, 2019. It was posted in the PRA website on July 11, 2019.

2018 Audited Financial Statements
1. Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs? None.

2018 Directors' Profile

2. Is there non-compliance with

Good Governance Conditions?

None.