
The Republic Act No. 10149, the GOCC Governance Act of 2011, seeks to bolster the financial viability and fiscal discipline of government-owned and -controlled corporations (GOCCs) to ensure that they efficiently deliver their services and adequately respond to the various requirements of the general public. The Act also seeks to strengthen the role of the government in managing the GOCCs.
A critical component in the achievement of these objectives is the disclosure requirements for GOCCs stipulated in Section 25 of the Act. The section requires all GOCCs, including PSALM Corporation, to maintain a web site that will contain, among other items, their latest annual audited financial and performance report; audited financial statements in the past five years; current corporate operating budget; complete compensation package of all board members and officers, including travel, representation, transportation, and any other form of expenses or allowances; local and foreign borrowings, including loans guaranteed by the government and government subsidies; and performance scorecards and strategy maps.
The disclosure requirements will allow the government to closely monitor the operations of the GOCCs to ensure that pertinent assets and resources are used efficiently; that liabilities, including subsidies, are prudently incurred; and that all activities and services are conducted and implemented in a transparent, professional and responsible manner.
Corporate Governance Requirements
- Institutional Matters
- History
- EPIRA
- Subsidiary: National Transmission Commission
- Government Corporate Information Sheet (GCIS) 2022 › 2021 › 2020 › 2019 › 2018 › 2017
- On Board and Officers:
- Board Directors
- Board Members
- Responsibilities
- Biographical Details 2022 › › 2021 › › 2020 › › 2019
- Compensation Package for the Board and PSALM Officers
- Board Committees, Policies and Activities
- Board Committees
- Policy on Board Meeting
- Activities
- Attendance of Directors in Board and Committee Meetings
- Board Approval of the Corporate Strategic Plans and Annual Financial Reports
- Board Review of PSALM’s Vision, Mission and Corporate Strategies
2022 › 2021 › 2020 - Board Audit Committee Reports
2022 › 2021 › 2020 › 2019 › 2018 › 2017 › 2016 › 2015 - Board Review Committee Reports
2022 › 2021 › 2020 › 2019 › 2018 › 2017 › 2016 › 2015 - Orientation Programs
2022 › 2021 › 2020 › 2019 › 2018 › 2017 - Trainings and Continuing Professional Education
2022 › 2021 › 2020 › 2019 › 2018 › 2017 - Performance Assessment for the PSALM Board and Board Committees
- Board Directors
- Corporate Secretary Profile
- Internal Audit
- Financial and Operational Matters
- Annual Audited FS and Corporate Accomplishment Report
- Statement of Comparison of Budget and Actual Amount- Global Reporting Index
- Quarterly Reports and Trial Balance
- Financial Statements
- Trial Balance
- Financial Statements
- Statement of Financial Position
- Statement of Financial Performance
- Statement of Cash Flows
- Statement of Changes in Equity
- Corporate Operating Budget
- Local and Foreign Borrowings
- Government Subsidies and Net Lending
- Borrowings Guaranteed by the Government
- Risk Factors and Risk Management
- ERM System
- Significant Risks Exposure to PSALM 2022 › 2021 › 2020 › 2019 › 2018 › 2017 › 2016 › 2015 › 2014
- AuditCom Report on the Adequacy of PSALM's Material Controls / Risk Management Systems 2022 › 2021 › 2020 › 2019 › 2018 › 2015 › 2014
- PSALM Board Review of the company’s material controls and risk management systems
- Performance Evaluation System
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2023 1st Quarter
›
2nd Quarter
2022 1st Quarter › 2nd Quarter › 3rd Quarter › 4th Quarter
2021 › 2020 › 2019 › 2018 › 2017 › 2016 › 2015 › 2014 › 2013
- Annual Audited FS and Corporate Accomplishment Report
- On PSALM's Governance Matters:
- Corporate Philosophy
- Strategy Map and Performance Scorecard (PES Form 1 and 2)
- Organizational Chart
- Organizational Chart
- Actual Salaries, Benefits and Allowances
- Actual 2022 Salaries, Benefits and Allowances
- Actual 2021 Salaries, Benefits and Allowances
- Actual 2020 Salaries, Benefits and Allowances
- Actual 2019 Salaries, Benefits and Allowances
- Actual 2018 Salaries, Benefits and Allowances
- Actual 2017 Salaries, Benefits and Allowances
- Actual 2016 Salaries, Benefits and Allowances
- Total Compensation Framework
- Manual of Corporate Governance
- Statement of Compliance with Corporate Governance
2022 › 2021 › 2020 › 2019 › 2018 › 2017 › 2016 › 2015 - Employee Training and Development Programs
2022 › 2021 › 2020 › 2019 › 2018 › 2017 › 2016 - Corporate Social Responsibility
- Code of Ethics
- Procedures on Protecting Employee's Rights on Reporting Illegal Practices and/or Unethical Behavior
- No Gift Policy
- Whistleblowing Policy