1. Does the GOCC disclose a policy that:
a. Stipulates the existence and scope of its effort to address customer’s welfare?
b. Elaborates its efforts to interact with the communities in which they operate?
c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?
2. Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
a. Customer health and safety
b. Interaction with the communities
c. Environmentally-friendly value chain
3. Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section?
4. Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights.
a. 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?
5. Performance-enhancing mechanisms for employee participation should be permitted to develop.
a. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?
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?
d. Does the GOCC publish data on training and development programs for its employees?
6. 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.
a. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?
b. Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?
7. Does the GOCC’s website disclose the following items:
a. Corporate objectives
b. Financial performance indicators
c. Non-financial performance indicators
d. Details of whistle-blowing policy
e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners
f. Training and/or continuing education programme attended by each director/commissioner
9. Corporate Governance Confirmation Statement
a. 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?
11. Corporate Vision and Mission/ Strategy
a. Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?
b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
13. Code of ethics or conduct
a. Are the details of the code of ethics or conduct disclosed?
b. Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
c. Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
14. Does the Board appoint a Nomination Compensation / Remuneration Committee?
15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?
16. If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?
17. Does the Board appoint an Audit Committee?
18. If yes, is the report of the Audit Committee publicly disclosed?
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
20. Did the Audit Committee meet at least four times during the year?
21. Does the Board appoint a Risk Management Committee?
22. If yes, is the report on Risk Management Committee publicly disclosed?
23. Does at least one member of the Risk Management Committee have a background in finance and investments?
24. Board meetings and attendance
a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
b. Does the Board of Directors meet at least monthly?
c. Did the Board of Directors meet on at least 75% on their scheduled meetings?
d. Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
e. Did the Board of Directors meet separately at least once during the year without the President/CEO present?
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?
b. Is the Board Secretary trained in legal, accountancy or company secretarial practices?
26. Internal Audit
a. Does the company have a separate internal audit function?
b. Does the appointment and removal of the internal auditor require the approval of the Audit Committee?
27. Risk Oversight
a. Does the company disclose the internal control procedures/risk management systems it has in place?
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?
c. Does the company disclose how key risks are managed?
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?
28. Board Chairman and CEO
a. Do different persons assume the roles of Chairman and CEO?
29. Orientation Program
a. Does the GOCC have orientation programs for new Directors?
b. Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs?
c. Did all Appointive Directors attend at least 1 training for the calendar year?
  • NHA-BR-No. 7095
  • NHA MC No. 2022-057
  • There were no formal trainings or learning and development programs attended by the NHA General Manager/Appointive Director in CY 2022. The reasons for this are as follows:

      The GM focused on the Authority’s transition to the new administration, site visit of the NHA Projects, and establishment of plans and programs in line with the President’s Build, Better and More program.

      The adoption of austerity measures implemented in the Authority through MC 2022-057 dated April 13, 2022, which prioritized workplace learning as a form of development that promotes economy and provides less expenses on training costs. Relative to this, the NHA Management conducted a series of orientation to the NHA Board of Directors, including the NHA General Manager, and the BOD Ex-Officio Members.

  • 2021 Annual Report p.61
  • 2020 Annual Report p.65
  • 2019 Annual Report p.61
  • 2018 Annual Report p.62
  • 2017 Annual Report p.29
  • 2016 Annual Report p.64
30. Board Appraisal
a. Is an annual performance assessment conducted of the Board of Directors?

NHA utilizes the online portal of the GCG (iPED) in appraising its Board of Directors.

b. Does the GOCC disclose the process followed in conducting the Board assessment?
c. Does the GOCC disclose the criteria used in conducting the Board assessment?
31. Committee Appraisal
a. Is an annual performance assessment conducted of the Board of Directors Committees?
Stakeholder Relationship    
1. Does the GOCC practice Global Reporting Index (GRI) on its annual reports
Disclosure and Transparency    
Quality of Annual Report    
2. Is the audited annual financial report/statement released within 30 days upon receipt from COA?
Responsibilities of the Board    
1. Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
2. Is there non-compliance with Good Governance Conditions?