Untitled Document
 


 Compliance with CGS Evaluation for CY 2020


 

SSS CORPORATE GOVERNANCE SCORECARD
COMPLIANCE WITH CGS EVALUATIONFOR CY 2020

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

 

a. Existence and scope to address customer's welfare

Sec. 31, Manual of Corporate Governance, page 20
Sec. 34, Manual of Corporate Governance, page 21
Sec. 37, Manual of Corporate Governance, pages 21 to 22
Sec. 38, Manual of Corporate Governance, page 22
Sec. 39, Manual of Corporate Governance, page 22
Sec. 40, Manual of Corporate Governance, page 22

b. Elaborates efforts to interact with the communities

Sec. 32 (par. 4), Manual of Corporate Governance, page 20.

c. Ensures that its value chain is environmentally friendly or is consistent with promoting sustainable development

Sec. 32 (par. 5), Manual of Corporate Governance, page 20.

2. GOCC Activities to implement the abovementioned policies  
a. Customer health and safety CSR Customers Welfare
b. Interaction with the communities Interaction with the communities
c. Environmentally-friendly value chain CSR Environmentally friendly
3. Separate Corporate Social Responsibility (CSR) report/section or sustainability report/section SSS and Corporate Social Responsibility
Corporate Social Responsibility
Corporate Social Responsibility (CSR)
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

SSC and SSS Management Director

5. Performance-enhancing mechanisms for employee participation
a. Mentions health, safety and welfare policy for its employees Corporate Governance Scorecard Compliance For CY 2020

SSS Manual of Corporate Governance, (page 20)

HR Manual of Personnel Policies, Rules and Regulations, (Pages 49 to 61 and 237-239)

HR Manual of Personnel Policies, Rules and Regulations, pages 237 to 239

Positive Feedback Mechanism Implementing Rules and Regulations (IRR) Employee Satisfaction Survey (Year 2019)

See Annex A - 2020 OPCR of PMERD
b. Publishes data relating to health, safety and welfare of its employees

Corporate Governance Scorecard Compliance For CY 2020 (Annex B)
A. SSS Intranet
B. SSS Employee Programs
C. Official Orders
Link: Issuance & Forms Management System (IFMS)
D. Published Employee Programs (Summarized Proofs)

c. Provides training and development programmes for its employees

Corporate Governance Scorecard Compliance For CY 2020
2020 LDD Accomplishment Report as of 30 December 2020 (Annex C.1)
OPCR, Learning and Development Department (Annex C.2)
CSR: Customer and Employees' Welfare

d. Publishes training and development programmes for its employees

Corporate Governance Scorecard Compliance For CY 2020
LDD Training Calendar Screen Shots (Annex D)

Source Webpage

CSR: Customer and Employees' Welfare

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 Certification (PASED
Tentative Facts and Figures December 2020
b. Financial performance indicators Certification (PASED)
Tentative Facts and Figures December 2020
c. Non-financial performance indicators Certification (PASED)
Tentative Facts and Figures December 2020
d. Details of whistle-blowing policy SSS Whistleblowing Policy
e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners Chairperson Carlos G. Dominguez, III
PCEO Aurora C. Ignacio
Secretary Silvestre H. Bello III
Comm. Diana Pardo Aguilar
Comm. Anita Bumpus-Quitain
Comm. Michael G. Regino
Comm. Ricardo L. Moldez
Comm. Manuel L. Argel, Jr.
Comm. Bai Norhata M. Alonto
f. Training and/or continuing education programme attended by each director/commissioner 2020 SSC Training
8. Annual reports downloadable from the GOCC's website Certification (PASED)
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
10. Timely filing/release of annual/financial reports
a. Audited annual financial report/statement released within 60 days upon receipt from COA Certification (GAD)
b. Annual report released within 90 days from release of audited financial report Certification (GAD)
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 Statement Of Management's Responsibility
11. Corporate Vision and Mission/Strategy
a. Board of Directors reviewing the vision and mission/ strategy in the last financial year SSS Mission - Vision and Corporate Strategy
b. Board of Directors monitoring/overseeing the implementation of the corporate strategy SSS Mission - Vision and Corporate Strategy
12. Performance Evaluation System (PES)
a. GOCC achieving 90% in the PES GCG Acknowledgement Letter

Certification (CPPD)
13. Code of ethics or conduct
a. Details of the code of ethics or conduct

Revised Rules on Administrative Cases in Civil Service

2017 Revised Rules on Administrative Cases in Civil Service

Code of Ethics

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

Revised Rules on Administrative Cases in Civil Service

2017 Revised Rules on Administrative Cases in Civil Service

Secs. 4 and 5, Code of Ethics

Sec. 25, Manual of Corporate Governance, page 17

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

Revised Rules on Administrative Cases in Civil Service

2017 Revised Rules on Administrative Cases in Civil Service

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

AO 2020-008

Nomination Compensation/Remuneration Committee
14. Appointment of Nomination Compensation/ Remuneration Committee Committees of the SSCommission and their Duties and Responsibilities
Sec. 16 (1), Manual of Corporate Governance, pages 11 to 12 (Executive Committee)
15. Nomination Compensation/Remuneration Committee meetings 2020 Attendance Record of Directors in Board and Committee Meetings
16. Report of the Nomination Compensation/Remuneration Committee publicly disclosed Executive Committee 2020 Accomplishment
Audit Committee
17. Appointment ofan Audit Committee Committees of the SSCommission and their Duties and Responsibilities
Sec. 16 (4), Manual of Corporate Governance, pages 14 to 15
18. Report of the Audit Committee publicly disclosed Audit Committee 2020 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. Ricardo L. Moldez
Comm. Manuel L. Argel, Jr.
20 Audit Committee meetings 2020 Attendance Record of Directors in Board and Committee Meetings
Risk Management Committee
21. Appointment of Risk Management Committee Committees of the SSCommission and their Duties and Responsibilities
Sec. 16 (2), Manual of Corporate Governance, pages 12 to 13 (Risk Management and Investments Committee)
22. Report on Risk Management Committee publicly disclosed Risk Management and Investments Committee 2020 Accomplishment
23. At least one member of the Risk Management Committee has a background in finance and investments Comm. Diana Pardo Aguilar
Comm. Michael G. Regino
Comm. Manuel L. Argel, Jr.
PCEO Aurora C. Ignacio
24. Board meetings and attendance  
a. Board of Directors meetings scheduled at the beginning of the year 2020 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, page 7

b. Meetings of the Board of Directors 2020 Attendance Record of Directors in Board and Committee Meetings
c. Board of Directors meet at least 75% on their scheduled meetings 2020 Attendance Record of Directors in Board and Committee Meetings


2020 Actual Meeting of the Social Security Commission
d. Each of the directors/commissioners attended at least 90% of all the board meetings held during the year 2020 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 2020 Attendance Record of Directors in Board and Committee Meetings
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, Manual of Corporate Governance, page 7
b. Board Secretary Board Secretary Resume

Sec. 15.3, Manual of Corporate Governance, pages 9 to 10
26. Internal Audit  
a. Separate internal audit function

Definition of Internal Audit Service (IAS), Manual of Corporate Governance, page 3
Internal Audit Service

b. Appointment and removal of the internal auditor requires the approval of the Audit Committee SSS Internal Audit Charter
27. Risk Oversight  
a. Disclosure in the internal control procedures/risk management systems in place SSS Internal Controls
SSS Risk Oversight
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 The Board Conducted a Review of the SSS Material Controls
The Board Conducted a Review of the 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 Controlss
Adequacy of Risk Management Systems
28. Board Chairman and CEO  
a. Do different persons assume the roles of Chairman and CEO? Sec. 15., Manual of Corporate Governance, page 8

Sec. 15.2, Manual of Corporate Governance, page 9
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 2020 SSC Training

Sec. 27, par. 3 (b), Manual of Corporate Governance, page 18
On-going/Continuous Professional Education Programs for the SSC Directors/Commissioners
c. Appointive Directors attending at least 1 training for the calendar year 2020 SSC Training
30. Board Appraisal  
a. Annual performance assessment conducted of the Board of Directors Annual Performance Assessment
b. Disclosure on the process followed in conducting the Board assessment Process in Conducting Board Assessment
c. Disclosure on the criteria used in the Board assessment Criteria Used in Board Assessment
31. Committee Appraisal  
a. Annual performance assessment conducted of the Board of Directors Committees Annual performance assessment conducted of the Board of Directors Committees
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?  

 

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