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GCG Requirements

Transparency Seal
Corporate Governance
Freedom Of Information

GCG Requirements

In accordance with Section 43 of the GCG Code of Corporate Governance, PNOC EC shall maintain a website and post therein for unrestricted public access the following:

1. On Institutional Matters:

a. For Chartered GOCCs, the latest version of its Charter (not applicable);
Being a Non-Chartered GOCC, its Articles of Incorporation and By-Laws
(uploaded on 24 September 2018)

b. For Nonchartered GOCCs, latest General Information Sheet (GIS) (updated last 2 October 2019) and brief company background (uploaded on 20 September 2018) including date of incorporation, history, functions and mandate;

c.List of Subsidiaries and Affiliates (not applicable)

d. Government Corporate Information Sheet (GCIS) as mandated by the GCG in its Memorandum Circular No. 2012-01. (uploaded on 24 September 2018)

2. On the Board and Officers:

a. Complete listing of the Directors and Officers with resume; (uploaded on 24 September 2018)

b. Complete compensation package of all the board members (actualentitlements)and officers, including travel, representation, transportation and any other form of expenses or allowances; (uploaded on 16 June 2020)

c. Board Committee membership  and Committee information and activities(uploaded on 24 September 2018)

d. Attendance record of Directors in Board and Committee meetings. (uploaded on 15 March 2019)

3. On Financial and Operational Matters:

a. Latest annual Audited Financial and Performance Report within thirty (30) days from receipt of such  Report;

b.  Audited Financial Statements in the immediate past four (4) years;

c.  Audited Financial Statements in the immediate past four (4) years;







Annual Reports

  • Please refer to 3(a) above.

Trial Balance

e.  Local and foreign borrowings (none);

f. Government subsidies and net lending (not applicable);

g. All borrowings guaranteed by the Government (none);

i. Performance Evaluation System

Strategy Map (uploaded on 11 December  2019)

Performance Scorecard

4. On Government Matters:

b. Performance Scorecards and Strategy Map

  • Please refer to item 3(i).

c. Organizational Chart; (updated last 7 June 2019)

d. Manual of Corporate Governance(uploaded on 2 February 2016)

e. CSR Statement; and

f. Balanced Scorecard

  • Please refer to item 3(i).

g. No Gift Policy

h. Quality Management System / Operations Manual

5. Agency System of Ranking Delivery Units and Individuals

a. Performance Appraisal & Forced Ranking (uploaded on 30 September 2020)

b. Appraisal Form – Professional / Technical (uploaded on 18 January 2016)

c. Appraisal Form – Secretary (uploaded on 18 January 2016)

d. Appraisal Form – Rank & File (uploaded on 18 January 2016)

Projects and Operations

In line with PNOC EC's mandate of providing a stable energy supply for the Philippines, the company is also involved in the exploration, development and production of coal in the country.

PNOC Exploration Corporation’s presence in the Philippine petroleum industry spans over 30 years, with its role evolving from that of a catalyst and promoter of local petroleum exploration to that of

PNOC EC's Trading and Marketing business continue to serve the fuel requirements of its industrial customers with coal supply coming from its own COC 41 small scale mines and other indigenous sources.

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