THE Bases Conversion and Development Authority (BCDA) was recognized anew as one of the top-performing government-owned and -controlled corporations (GOCCs) in the Philippines, after it gained an “outstanding” assessment rating in the 2021 Corporate Governance Scorecard of the Governance Commission for GOCCs (GCG).
This is the seventh consecutive year that the BCDA has scored over 90 percent on its performance scorecard. This shows BCDA’s continuous improvement in delivering consistent and efficient policies and practices in corporate governance and stakeholder relations, pursuing disclosure and transparency and implementing Board responsibilities with competence and accountability in line with good governance conditions.
“We are truly humbled and honored by this recognition. This is a recognition for the hard work of everyone in BCDA and a reminder to continuously provide excellent public service to all our stakeholders, especially to the Armed Forces of the Philippines,” said BCDA Chairman Delfin N. Lorenzana.
Lorenzana, along with BCDA Director Reghis M. Romero III and BCDA Executive Vice President and COO Officer-in-Charge Gisela Z. Kalalo, received the Certificate of Recognition during the GCG Corporate Governance Scorecard for GOCCs Awarding Ceremony last December 5 at the Philippine International Convention Center.
The GCG-implemented scorecard aims to raise corporate governance standards practices for GOCCs, patterned after the Asean Corporate Governance Scorecard and grounded on the Principles of Corporate Governance of State-owned Enterprises by the Organization for Economic Co-operation and Development (OECD) on par with Asean state-owned enterprises.
GCG recognizes well-governed GOCCs and their potential as a significant contributor to the country’s economic development as declared by Republic Act 10149 (GOCC Governance Act of 2011).