Adopted: 11 June 2014
Date Filed: 03 July 2014

WHEREAS, it is the policy of the State to ensure that the governance of Government-Owned or Controlled Corporations (GOCCs) is carried out in a transparent, responsible, and accountable manner and with the utmost degree of professionalism and effectiveness;

WHEREAS, the Governance Commission for GOCCs (GCG), in the exercise of its mandate under R.A. No. 10149, issued Memorandum Circular 2012-07 which requires that GOCCs disclose all material information to the national government, the public, and its stakeholders through the promulgation of a Manual of Corporate Governance, among others;

WHEREAS, the GCG, in its letter dated 3 March 2013, provisionally accepted, with mandated revisions and additions, the GSIS Manual of Corporate Governance approved by the Board under Resolution No. 96 dated 26 September 2013;

RESOLVED, to APPROVE and CONFIRM the adoption of the revised GSIS Manual of Corporate Governance, as proposed by the Senior Vice President, Corporate Services Group and Corporate Planning Office, in her Memorandum dated 19 May 2014;

RESOLVED FURTHER, to APPROVE the submission of the revised GSIS Manual of Corporate Governance to the GCG as part of the GSIS ™ commitment to the principles of good corporate governance;

RESOLVED FINALLY, that Board Resolution No. 96 dated 26 September 2013 is hereby SUPERSEDED.

A copy of the revised GSIS Manual of Corporate Governance* is made an integral part of this Resolution.

CERTIFIED CORRECT:

* Text Available at the Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City.