GCG File
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7/25/2019 GCG File http://slidepdf.com/reader/full/gcg-file 1/2 (GOCC Letterhead) 2014 PBI Form 1 BOARD RESOLUTION NO. ________ ADOPTING THE PERFORMANCE-BASED INCENTIVE SYSTEM IN ACCORDANCE WITH GCG MEMORANDUM CIRCULAR NO. 2014-06 WHEREAS, the Governance Commission for GOCCs (GCG) issued GCG Memorandum Circular (M.C.) No. 20140! esta"lishin#, amon# others, the $erformance%ased &ncentive ($%&) 'stem for **ointive Mem"ers of the Governin# %oard of GOCCs covered " GCG *ursuant to 'ection 2+ of the “GOCC Governance Act of 2011” (.. No. 1014-) WHEREAS, GCG MC No. 20140! *rovides that GOCCs that a**l for the $%% for their Officers and /m*loees are deemed to have automaticall a**lied for the $%& for the **ointive irectors WHEREAS, GCG a**roved the #rant of the $%% for the Cor*orations Officers and /m*loees WHEREAS, no other alloances, incentives and "onuses other than hat is alloed under GCG MC No. 20140! ill "e #iven to the **ointive Mem"ers of the Governin# %oard, and there is sufficient cor*orate funds to #rant the $%& in accordance ith a**lica"le las, rules and re#ulations NOW, BE IT 3 [Select one, delete the other] [For GOCCs that have sff!c!ent fnds !n the!r "#$%a&&roved CO# for 201'] RESOLVED, the amount not eceedin# $_________________ , char#ea"le a#ainst cor*orate funds eclusive of the *rohi"ited sources in GCG MC No. 201405, is here" allocated for the #rant of the $%& for C6 2014 to eli#i"le **ointive Mem"ers of the Governin# %oard, and shall "e released u*on a**roval of the GCG. [For GOCCs that do not have enoh fnds !n the!r "#$%a&&roved CO# for C 201' (!f Chartered) or *arent GOCC (!f a s+s!d!ar)] RESOLVED, the amount not eceedin# $_________________ , char#ea"le a#ainst cor*orate funds eclusive of the *rohi"ited sources in GCG MC No. 201405, is here" allocated for the #rant of the $%& for C6 2014 to eli#i"le **ointive Mem"ers of the Governin# %oard, and shall "e released u*on a**roval of the GCG. 7he Cor*orate 'ecretar and all concerned eecutive officers shall issue the necessar certifications, attestin# under oath the veracit of all information disclosed in the documents re8uired " GCG. DONE, this ___ da of ___________, in ________________, $hili**ines. [To be signed by ALL Members of the Governing Board
Transcript of GCG File
7/25/2019 GCG File
http://slidepdf.com/reader/full/gcg-file 1/2
(GOCC Letterhead) 2014 PBI Form 1
BOARD RESOLUTION NO. ________
ADOPTING THE PERFORMANCE-BASED INCENTIVE SYSTEM INACCORDANCE WITH GCG MEMORANDUM CIRCULAR NO. 2014-06
WHEREAS, the Governance Commission for GOCCs (GCG) issued GCGMemorandum Circular (M.C.) No. 20140! esta"lishin#, amon# others, the$erformance%ased &ncentive ($%&) 'stem for **ointive Mem"ers of theGovernin# %oard of GOCCs covered " GCG *ursuant to 'ection 2+ of the “GOCC Governance Act of 2011” (.. No. 1014-)
WHEREAS, GCG MC No. 20140! *rovides that GOCCs that a**l for the $%%for their Officers and /m*loees are deemed to have automaticall a**lied for the$%& for the **ointive irectors
WHEREAS, GCG a**roved the #rant of the $%% for the Cor*orations Officersand /m*loees
WHEREAS, no other alloances, incentives and "onuses other than hat isalloed under GCG MC No. 20140! ill "e #iven to the **ointive Mem"ers of theGovernin# %oard, and there is sufficient cor*orate funds to #rant the $%& inaccordance ith a**lica"le las, rules and re#ulations
NOW, BE IT 3
[Select one, delete the other]
[For GOCCs that have sff!c!ent fnds !n the!r "#$%a&&roved CO# for 201'] RESOLVED, the amount not eceedin# $_________________ , char#ea"le a#ainstcor*orate funds eclusive of the *rohi"ited sources in GCG MC No. 201405, ishere" allocated for the #rant of the $%& for C6 2014 to eli#i"le **ointive Mem"ersof the Governin# %oard, and shall "e released u*on a**roval of the GCG.
[For GOCCs that do not have enoh fnds !n the!r "#$%a&&roved CO# for C 201' (!f Chartered) or *arent GOCC (!f a s+s!d!ar)] RESOLVED, the amount noteceedin# $_________________ , char#ea"le a#ainst cor*orate funds eclusive of the *rohi"ited sources in GCG MC No. 201405, is here" allocated for the #rant of
the $%& for C6 2014 to eli#i"le **ointive Mem"ers of the Governin# %oard, andshall "e released u*on a**roval of the GCG.
7he Cor*orate 'ecretar and all concerned eecutive officers shall issue thenecessar certifications, attestin# under oath the veracit of all information disclosedin the documents re8uired " GCG.
DONE, this ___ da of ___________, in ________________, $hili**ines.
[To be signed by ALL Members of the Governing Board
7/25/2019 GCG File
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(GOCC Letterhead) 2014 PBI Form 2
CERTIFICATION OF ELIGIBILITY OFAPPOINTIVE MEMBERS FOR CY 2014
7his is to certif that the folloin# **ointive Mem"ers of the Governin# %oard of
9na-e of the GOCC] are eli#i"le to receive the $erformance%ased &ncentive *ursuantto GCG MC No. 20140!, and actuall received the folloin# &er d!e-s:
Na! "# D$%!&'"%(T%)*'!!
A&')a+ A)a+ A)'"%$!/ P!% D$!*R!&!$!/ P
I&!'$!Fa&'"% 3
T"'a+ P
B"a%/ C"$''!! S)-T"'a+
1.
2.
5.
S)-T"'a+
T"'a+ PBI #"% A++ E+$$+! M!!%*
7his certification has "een issued to attest to the truth and accurac of all theinformation contained herein "ased on availa"le records and information that can "everified ith the Cor*oration.
DONE, this _____ da of _____________ 2015 at !!!!!!!!!!!!!!! , $hili**ines.
"or#orate $e%retary
SUBSCRIBED AND SWORN to "efore me, this _________ da of ____________,in ________________, $hili**ines.
oc No. __________ ______________________ $a#e No. __________ ($erson dministerin# Oath)%oo; No. __________ 'eries of __________
