DBP CORPORATE GOVERNANCE SCORECARD* FOR 2022** | |||
| QUESTION | YES | NO | LINK SOURCE |
| I. Stakeholder Relationships | |||
| 1. Does the GOCC disclose a policy that: | |||
| a. Stipulates the existence and scope of its effort to address customer’s welfare? |  | 1. Section II.B Relationship with Stakeholders, DBP’s Manual of Corporate Governance (Page 4 – 6), Corporate Governance Page, DBP Website 2. Citizen’s Charter 2022 (1st Edition), Citizen’s Charter Page, DBP Website 3. DBP Complaints Handling Program, DBP Website 4. Section. E Complaints Handling, Corporate Governance Page, DBP Website 5. Quality Policy Statement, About DBP, DBP Website 6. Statement on Zero Tolerance for Fraud, Corruption and Malpractice About DBP, DBP Website | |
| b. Elaborates its efforts to interact with the communities in which they operate? | | 1. DBP’s Policy on Community Involvement, DBP Website 2. Section G.1 (c) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 3. Social Policy Statement, Social Services & Community Development Page, DBP Website | |
| c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development? | | 1. DBP’s Policy on Community Involvement, DBP Website 2. Section G.1 (c) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 3. Social Policy Statement, Social Services & Community Development Page, DBP Website – | |
| 2. Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? | |||
| a. Customer health and safety | | 1. Section G.1 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. DBP Complaints Handling Program, Corporate Governance Page, Transparency Seal, DBP Website 3. DBP Projects, Programs and Activities, Beneficiaries, and Status of Implementation, Transparency Seal Page, DBP Website | |
| b. Interaction with the communities | | 1. Section G.1 (c) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. DBP Projects, Programs and Activities, Beneficiaries, and Status of Implementation, Transparency Seal Page, DBP Website 3. Social Services & Community Development, Development Financing, DBP Website | |
| c. Environmentally-friendly value chain | | 1. Section G.1 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. DBP Projects, Programs and Activities, Beneficiaries, and Status of Implementation, Transparency Seal Page, DBP Website 3. Environment and Climate Change, Development Financing Page, DBP Website | |
| 3. Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section? | | 1. Section G.2 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. DBP Projects, Programs and Activities, Beneficiaries, and Status of Implementation, Transparency Seal Page, DBP Website 3. Corporate Social Responsibility Programs, DBP Website | |
| 4. Where stakeholders interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights | |||
| a. Does the GOCC provide 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? | | 1. Section G.7 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section E. Complaints Handling, Corporate Governance Page, DBP Website 3. DBP Complaints Handling Program, DBP Website | |
| 5. Performance-enhancing mechanisms for employee participation should be permitted to develop. | |||
| a. Does the GOCC explicitly mention the health, safety and welfare policy for its employees? | | 1. Section G.3 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section E. Complaints Handling, Corporate Governance Page, DBP Website 3. DBP Complaints Handling Program, DBP Website 4. Section II.B.10 Officials and Employees, Manual of Corporate Governance, Corporate Governance Page, DBP Website | |
| b. Does the GOCC publish data relating to health, safety and welfare of its employees? | | 1. Section G.3 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Employees’ Training and Development Programs, Corporate Governance Page, DBP Website | |
| c. Does the GOCC have training and development programmes for its employees? | | 1. Section G.3 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section A.6 Employees’ Training and Development Programs, Corporate Governance Page, DBP Website | |
| d. Does the GOCC publish data on training and development programs for its employees? | | 1. Section G.3 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section A.6 Employees’ Training and Development Programs, Corporate Governance Page, DBP Website 3. Annex B of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website | |
| 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. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior? | | 1. Section G.5 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section G.6 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 3. Section E. Complaints Handling, Corporate Governance Page, DBP Website | |
| b. Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation? | | 1. Section G.6 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section D.14 Whistleblower Protection Policy, Corporate Governance Page, DBP Website 3. Section E.1 DBP Complaints and Investigation Process, Corporate Governance Page, DBP Website 4. Section E.1 (a) Related Philippine Laws, DBP Policies, and Government Complaints Mechanisms 5. Section E.2 Procedure in Reporting Complaints Against Employee, Corporate Governance Page, DBP Website | |
| II. Disclosure and Transparency | |||
| 7. Quality of the Annual Report. Does the GOCC’s AR disclose the following items: | |||
| a. Corporate Objective | | 1. Corporate Philosophy, DBP Website 2. DBP 2023 Strategy Map, Corporate Governance Page, DBP Website 3. Section D.3 2022 Performance Scorecard, Corporate Governance Page, DBP Website 4. Section D.5 2022 Performance Scorecard and Monitoring Report, Corporate Governance Page, DBP Website | |
| b. Financial performance indicators | | 1. Section D.3 2022 Recalibrated Performance Scorecard, Corporate Governance Page, DBP Website 2. Section D.5 2022 Performance Scorecard and Monitoring Report, Corporate Governance Page, DBP Website 3. Section C.2 2022 Quarterly Financial Reports, Corporate Governance Page, DBP Website | |
| c. Non-financial performance indicators | | 1. Section D.3 2022 Recalibrated Performance Scorecard, Corporate Governance Page, DBP Website 2. Section D.5 2022 Performance Scorecard and Monitoring Report, Corporate Governance Page, DBP Website 3. Projects, Programs and Activities, Beneficiaries, and Status of Implementation, Transparency Seal, DBP Website | |
| d. Details of whistleblowing policy | | 1. Section G.5 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section G.6 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 3. Section D.14 Whistleblower Protection Policy, Corporate Governance Page, DBP Website | |
| e. Biographical details (directors) | | 1. Section A.1 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section A.1 (e) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 3. Section A.5 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 4. Section B. 2 Biographical Details of Directors, Corporate Governance Page, DBP Website 5. Section B.5 Membership in Governing Board of Subsidiaries/Affiliates | |
| f. Trainings or continuing education (directors) | | 1. Section A.4 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.13 Continuing Education Program for the Members of the Board, Corporate Governance Page, DBP Website | |
| 8. Are the Annual Reports downloadable from the GOCC’s website? | | ||
| 9. Does the GOCC’s website contain a statement confirming the company’s full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue? | | Section D.17 Statement of Full Compliance with the Code of Corporate Governance, Corporate Governance Page, DBP Website | |
| 10. Timely filing/release of annual/financial reports | |||
| a. Are the audited annual financial report/statement released within 60 days upon receipt from COA? | | ||
| b. Is the Annual Report released within 90 days from the release of the audited financial report? | | ||
| c. Is the 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? | | ||
| III. Responsibilities of the Board | |||
| 11. Corporate Vision/Mission | |||
| a. Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year? | | 1. Section A. 1 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section A.4, The 2023 DBP Strategy Map, Corporate Governance Page, DBP Website 3. 2023 Performance Scorecard (approved by GCG) | |
| b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy? | | 1. Section A. 1 (c) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section D.5 2022 Performance Scorecard and Monitoring Report, Corporate Governance Page, DBP Website | |
| 12. Did the GOCC achieve 90% in the PES? | | ||
| 13. Code of ethics or conduct | |||
| a. Are the details of the code of ethics or conduct disclosed? | | 1. Section B. 1 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section D.8. The DBP Code of Ethics, Corporate Governance Page, Website 3. Section D.11 Manual of Corporate Governance, Corporate Governance Page, DBP Website 4. Section D.14 No Gift Policy, Corporate Governance Page, DBP Website | |
| b. Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code? | | 1. Section B. 2 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section D.8 The DBP Code of Ethics, Corporate Governance Page, Website | |
| c. Does the company disclose how it implements and monitors compliance with the code of ethics or conduct? | | 1. Section B.2 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section D.8 The DBP Code of Ethics, Corporate Governance Page, Website 3. Section D.14 Whistleblower Protection Policy, Corporate Governance Page, DBP Website | |
| 14. Does the Board appoint a Nomination Compensation/Renumeration Committee? | | 1. Section D. 2 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.3 Membership in Board Committees, Corporate Governance Page, DBP Website 3. Section B.7 Governance Committee Charter, Corporate Governance Page, DBP Website | |
| 15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year? | | 1. Section D. 2 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.11 Attendance record in Board and Committee Meetings, Corporate Governance Page, DBP Website 3. Section B.8 Schedule of Board Meetings, Corporate Governance Page, DBP Website | |
| 16. If yes, is the report of the Nomination Compensation/Renumeration Committee publicly disclosed? | | Section D. 3 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website | |
| 17. Does the Board appoint an Audit Committee? | | 1. Section D. 2 (b) of the 2022 DBP Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.3 Membership in Board Committees, Corporate Governance Page, DBP Website 3. Section B.7 Audit and Compliance Committee Charter, Corporate Governance Page, DBP Website | |
| 18. If yes, is the report of the Audit Committee publicly disclosed? | | Section D. 3 2022 of the Annual Corporate Governance Report | |
| 19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)? | | 1. Section D.2 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Director Luis C. Bonguyan’s profile, Corporate Governance Page, DBP Website 3. Director Roberto V. Antonio’s profile, Corporate Governance Page, DBP Website 4. Section B.3 Membership in Board Committees, Corporate Governance Page, DBP Website | |
| 20. Did the Audit Committee meet at least four times during the year? | | 1. Section D. 2 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.11 Attendance record in Board and Committee Meetings, Corporate Governance Page, DBP Website 3. Section B.7 Audit and Compliance Committee Charter, Corporate Governance Page, DBP Website | |
| 21. Does the Board appoint a Risk Management Committee? | | 1 Section D. 2 (c) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.7 Risk Oversight Committee Charter, Corporate Governance Page, DBP Website 3. Section B.3 Membership in Board Committees, Corporate Governance Page, DBP Website | |
| 22. If yes, is the report on Risk Management Committee publicly disclosed? | | Section D. 3 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website | |
| 23. Does at least one member of the Risk Management Committee have a background in finance and investments? | | 1. Section D.2 (c) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Annex A 2022 of the Annual Corporate Governance Report, Corporate Governance Page, DBP Website 3. Section B.3 Membership in Board Committees, Corporate Governance Page, DBP Website 4. Director Rafael L. Reyes, Corporate Governance Page, DBP Website 5. Director Consuelo N. Padilla, Corporate Governance Page, DBP Website 6. Director Luis C. Bonguyan’s profile, Corporate Governance Page, DBP Website 7. Director Roberto V. Antonio’s profile, Corporate Governance Page, DBP Website | |
| 24. Board meetings and attendance | |||
| a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1) | | 1. Section C. 1 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.6 Schedule of Board Meetings, Corporate Governance Page, DBP Website | |
| b. Does the Board of Directors meet at least monthly? | | 1. Section B.6 Schedule of Board Meetings, Corporate Governance Page, DBP Website 2. Section B.11 Attendance record in Board and Committee Meetings, Corporate Governance Page, DBP Website 3. Section B.9, Board Meetings Held, Corporate Governance Page, DBP Website 4. Section C. 2 Schedule of Board Meetings, Corporate Governance Page, DBP Website | |
| c. Did the Board of Directors meet on at least 75% on their scheduled meetings? | | 1. Section B.11 Attendance record in Board and Committee Meetings, Corporate Governance Page, DBP Website 2. Section C. 4 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 3. Section B.9, Board Meetings Held, Corporate Governance Page, DBP Website 4. Section C. 2 Schedule of Board Meetings, Corporate Governance Page, DBP Website | |
| d. Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year? | | 1. Section B.11 Attendance record in Board and Committee Meetings, Corporate Governance Page, DBP Website 2. Section B.9, Board Meetings Held, Corporate Governance Page, DBP Website 3. Section C. 2 Schedule of Board Meetings, Corporate Governance Page, DBP Website | |
| e. Did the Board of Directors meet separately at least once during the year without the President/CEO present? | | Section C. 5 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website | |
| 25. Access to information | |||
| a. Does the GOCC have 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? | | 1. Section C. 6 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.7 Charter of the Board Committees, Corporate Governance Page, DBP Website | |
| b. Is the Board Secretary trained in legal, accountancy or company secretarial practices? | | Section C. 6 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website | |
| 26. Internal Audit | |||
| a. Does the company have a separate internal audit function? | | Section F. 1 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website | |
| b. Does the appointment and removal of the internal auditor require the approval of the Audit Committee? | | 1. Section F.1 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.7 Audit and Compliance Committee Charter, Corporate Governance Page, DBP Website | |
| 27. Risk Oversight | |||
| a. Does the company disclose the internal control procedures/risk management systems it has in place? | | 1. Section E.1 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.7 Charter of the Board Committees, Corporate Governance Page, DBP Website | |
| b. Does the Annual Report disclose that the board of Directors/Commissioners have conducted a review of the company’s material controls (including operational, financial and compliance controls) and risk management systems? | | Section E. 1 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website | |
| c. Does the company disclose how key risks are managed? | | 1. Section E. 1 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section C.8. Any Material Risk Factors and Measures Taken to Manage such Risks, Corporate Governance Page, DBP Website | |
| d. Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC’s internal controls/risk management systems? | | Section E. 1 (c) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website | |
| 28. Chairman of the Board/President & CEO | |||
| a. Do different persons assume the roles of Chairman and CEO? | | 1. Section A. 2 of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Board of Directors/Management, DBP Website 3. Section A.1 Revised Charter, Corporate Governance Page, DBP Website | |
| 29. Board of Directors Development (Orientation Program and Continuous Professional Education of BODs) | |||
| a. Does the GOCC have orientation programmes for new Directors? | | 1. Section A. 4 (a) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.13 Continuing Education Program for the Members of the Board, Corporate Governance Page, DBP Website | |
| b. Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programmes? | | 1. Section A. 4 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.13 Continuing Education Program for the Members of the Board, Corporate Governance Page, DBP Website | |
| c. Did all Appointive Directors attend at least 1 training for the calendar year? | | 1. Section A. 4 (b) of the 2022 Annual Corporate Governance Report, Corporate Governance Page, DBP Website 2. Section B.13 Continuing Education Program for the Members of the Board, Corporate Governance Page, DBP Website | |
| 30. Board Appraisal | |||
| a. Is an annual performance assessment conducted of the Board of Directors assessment? | | ||