Untitled Document
 
 


 Compliance with CGS Evaluation for CY 2022


 

SSS CORPORATE GOVERNANCE SCORECARD COMPLIANCE

Standard SSS Compliance/Link (See also Transparency Seal link in the SSS Website)
I. Corporate Governance A
1. GOCC Policy

 

a. Existence and scope to address customer's welfare

Sec. 31, 34, 37, 38, 39 & 40 Manual of Corporate Governance

b. Elaborates efforts to interact with the communities Sec. 32 Manual of Corporate Governance
c. Ensures that its value chain is environmentally friendly or is consistent with promoting sustainable development Sec. 32 Manual of Corporate Governance
2. GOCC Activities to implement the abovementioned policies  
a. Customer health and safety Customer health and safety
b. Interaction with the communities Interaction with the communities
c. Environmentally-friendly value chain Environmentally-friendly value chain

Implementing the Policy on Environmentally-friendly value chain
3. Separate Corporate Social Responsibility (CSR) report/section or sustainability report/section Corporate Social Responsibility
Corporate Social Responsibility
Corporate Social Responsibility
4. 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 uSSSapTayo Portal

SSC and SSS Management Directory
5. Performance-enhancing mechanisms for employee participation
a. Mentions health, safety and welfare policy for its employees Manual of Corporate Governance
Omnibus
Admin Order 2018-043
Approved CNA Contract
Civil Servants' Health And Wellness Month
Employee Satisfaction Survey 2021
HR MOPPRR (Pages 49-61, 237-239)
IRR - Positive Feedback Mechanism
Legal Bases for the Establishment of the SSS Day Care Center
PMERD CY 2022 Compliance With CGS Evaluation
b. Publishes data relating to health, safety and welfare of its employees PMERD CY 2022 Compliance With CGS Evaluation
Email Blast
Employee Hub
Employee Programs
Employee Wellness Programs
IFMS
SSS Intranet
c. Provides training and development programmes for its employees PMERD CY 2022 Compliance With CGS Evaluation
Training Calendar
Office Order 2022-064 - SSS Succession Management Program Guidelines
HR MOPPRR (Pages 72-84)
Actual List - CGOP May 31 - June 1, 2022
2022 LDD Accomplishment Report as of December 31
d. Publishes training and development programmes for its employees PMERD CY 2022 Compliance With CGS Evaluation
Sample E-mail Blast - Webinars
Sample E-mail Blast - Bytesize Modules - SSS Academy
Announced 2022 CDPs thru SSS EE Hub
2022 CDP Announcement
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. Procedures for complaints by employees concerning illegal (including corruption) and unethical behavior SSS Whistleblowing Policy
b. Procedures to protect an employee/person who reveals illegal/ unethical behavior from retaliation SSS Whistleblowing Policy
7. Quality of Annual Report  
a. Corporate objectives Corporate Objectives
b. Financial performance indicators Financial performance indicators
c. Non-financial performance indicators Non-financial performance indicators
d. Details of whistle-blowing policy 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

Secretary Benjamin E. Diokno
Secretary Bienvenido E. Laguesma

Comm. Anita Bumpus-Quitain

Comm. Bai Norhata Macatbar Alonto
Comm. Diana Pardo-Aguilar
Comm. Jose C. Julio
Comm. Manuel L. Argel Jr
Comm. Ricardo L. Moldez
PCEO Michael G. Regino

f. Training and/or continuing education programme attended by each director/commissioner SSC Training
9. Annual Report contains a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identifies and explains the reasons thereof Final statement of full compliance
11. Corporate Vision and Mission/Strategy
a. Board of Directors reviewing the vision and mission/ strategy in the last financial year Board of Directors
b. Board of Directors monitoring/overseeing the implementation of the corporate strategy SSS Mission - Vision and Corporate Strategy
13. Code of ethics or conduct
a. Details of the code of ethics or conduct

Code of Ethics

2017 Revised Rules on Administrative Cases in Civil Service

2021 Revised Rules on Administrative Cases in Civil Service

b. All Directors/Commissioners, senior management and employees are required to comply with the code

Creation of an Ethics Committee for Management

Code of Ethics

2017 Revised Rules on Administrative Cases in Civil Service

2021 Revised Rules on Administrative Cases in Civil Service

c. Disclosure on how SSS implements and monitors compliance with the code of ethics or conduct

Creation of an Ethics Committee for Management

SSS Implementation and Monitoring of Compliance with the Code of Ethics or Conduct

2017 Revised Rules on Administrative Cases in Civil Service

2021 Revised Rules on Administrative Cases in Civil Service

Nomination Compensation/Remuneration Committee
14. Appointment of Nomination Compensation/ Remuneration Committee SSS Committees, Activities, Duties and Responsibilities as of Dec 2022

Sec. 16.1 Manual of Corporate Governance
15. Nomination Compensation/Remuneration Committee meetings 2022 Attendance Record of Directors in Board and Committee Meetings
16. Report of the Nomination Compensation/Remuneration Committee publicly disclosed 2022 Attendance Record of Directors in Board and Committee Meetings

2022 Executive Committee Accomplishments

2022 Executive Committee Accomplishments
Audit Committee
17. Appointment ofan Audit Committee SSS Committees, Activities, Duties and Responsibilities as of Dec 2022

Sec. 16.5 Manual of Corporate Governance
18. Report of the Audit Committee publicly disclosed Audit Committee Accomplishment
19. At least one member of the Audit Committee has an audit, accounting or finance background (qualification or experience) Comm. Anita Bumpus-Quitain
Comm. Diana Pardo-Aguilar
Comm. Jose C. Julio
Comm. Manuel L. Argel Jr
Comm. Ricardo L. Moldez
20 Audit Committee meetings 2022 Attendance Record of Directors in Board and Committee Meetings
Risk Management Committee
21. Appointment of Risk Management Committee SSS Committees, Activities, Duties and Responsibilities as of Dec 2022

Sec. 163 Manual of Corporate Governance (Risk Management and Investments Committee)
22. Report on Risk Management Committee publicly disclosed Risk Management and Investments Committee Accomplishment Report
23. At least one member of the Risk Management Committee has a background in finance and investments Comm. Bai Norhata Macatbar Alonto
Comm. Diana Pardo-Aguilar
Comm. Manuel L. Argel Jr
PCEO Michael G. Regino
Secretary Bienvenido E. Laguesma
24. Board meetings and attendance  
a. Board of Directors meetings scheduled at the beginning of the year 2022 Attendance Record of Directors in Board and Committee Meetings

Board of Directors Meeting scheduled at the beginning of the year

Sec. 9 Manual of Corporate Governance, meetings scheduled at the beginning of the year
b. Meetings of the Board of Directors 2022 Attendance Record of Directors in Board and Committee Meetings
c. Board of Directors meet at least 75% on their scheduled meetings 2022 Attendance Record of Directors in Board and Committee Meetings

SSC met at least 75% on the scheduled meetings

SSC met at least 75% on the scheduled meetings
d. Each of the directors/commissioners attended at least 90% of all the board meetings held during the year 2022 Attendance Record of Directors in Board and Committee Meetings
e. Board of Directors meeting separately at least once during the year without the President/CEO present 2022 Attendance Record of Directors in Board and Committee Meetings
Board of Directors meeting separately at least once during the year without the PCEO present
25. Access to information  
a. 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 Sec. 9.1 Manual of Corporate Governance, board papers
b. Board Secretary Board Secretary Resume


Sec. 15.3 Manual of Corporate Governance, Board Secretary
26. Internal Audit  
a. Separate internal audit function SSS Organizational Structure


Definition of Internal Audit Service (IAS), Manual of Corporate Governance, page 3
b. Appointment and removal of the internal auditor requires the approval of the Audit Committee Internal Audit Charter
27. Risk Oversight  
a. Disclosure in the internal control procedures/risk management systems in place Risk Management Systems in place

SSS Internal Control System Procedures
b. Annual Report disclosure 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 SSC Reviewed the Material Controls

Review of Risk Management Systems
c. Disclosure how key risks are managed How key risks are managed
d. Annual Report containing a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems Adequacy of Internal Controls

Adequacy of the Risk Mangement system
28. Board Chairman and CEO Sec. 15 Manual of Corporate Governance, roles of Chairperson and PCEO
a. Do different persons assume the roles of Chairman and CEO?  
29. Orientation Program and Continuous Professional Education Program
a. Orientation programs for new Directors Orientation Program For New Members
b. Policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs SSC Training

Sec. 27 Manual of Corporate Governance, (ongoing and continuous professional education programs)

On-going or Continuous Professional Education Programs
c. Appointive Directors attending at least 1 training for the calendar year SSC Training
30. Board Appraisal  
a. Annual performance assessment conducted of the Board of Directors 2022 SSC Performance Evaluation
b. Disclosure on the process followed in conducting the Board assessment Annual Performance Evaluation Process
c. Disclosure on the criteria used in the Board assessment Annual Performance Evaluation Criteria
31. Committee Appraisal  
a. Annual performance assessment conducted of the Board of Directors Committees 2022 SSC Committees Performance Assessment
II. Corporate Governance Report B
8. Annual reports downloadable from the GOCC's website SSS Annual Report for 2022
10. Timely filing/release of annual/financial reports
a. Audited annual financial report/statement released within 60 days upon receipt from COA COA Annual Audit Report on the SSS for 2022
Release within 60 days from receipt from COA
b. Annual report released within 90 days from release of audited financial report SSS Annual Report for 2022
c. 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 Annual Financial Statement
12. Performance Evaluation System (PES)
a. GOCC achieving 90% in the PES 2022 Performance Evaluation Systems Forms
BONUS
1. Stakeholder Relationships  
  Does the GOCC practice Global Reporting Index (GRI) on its annual reports?  
2. Disclosure and Transparency. Quality of the Annual Report.  
  Is the audited annual financial report/statement released within 30 days upon receipt from COA? 2022 Financial Statement
2022 FS Received from COA and Posted in the Website
2022 FS Released to SSC-1
2022 FS Released to SSC-2

 

Note: All other information on corporate governance can be linked to the items in the SSS Transparency Seal.