The Bases Conversion and Development Authority (BCDA) achieved its highest rating based on the 2019 Corporate Governance Scorecard (CGS) of the Governance Commission for Government-owned and controlled corporations (GCG), with a rate of 98.96 percent.
The score 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.
For the past 5 years, BCDA has been scoring over 90% on its performance scorecard. From 90.5% in 2015, it progressed to 94.5% in 2016 and went higher to 97% and 98.5% in 2017 and 2018, respectively. It has also been consistently named by the GCG as among the Top 10 performing government-owned and controlled corporations (GOCCs) in the country.
BCDA President and CEO Vince Dizon said GCG’s assessment “will inspire the whole BCDA Group to do better in providing the best services to all our stakeholders, and continue building a culture of excellence in public service.”
The 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 Organisation for Economic Cooperation and Development (OECD) at 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 No. 10149 or the “GOCC Governance Act of 2011.”
