CORPORATE GOVERNANCE SCORECARD 2019

No. Question Y/N 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? Y
b. Elaborates its efforts to interact with the communities in which they operate? Y
c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development? Y
2 Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
a. Customer health and safety Y


SB Corp P3 Success Stories


1. A wounded warriors wife - Philippine Star - October 18, 2019
2. A wounded warrior's Story of Survival and Resilience - Philippine Star - February 22 2019

3. P3 Fires up a young artisans Dream - Philippine Star -August 30, 2019

b. Interaction with the communities Y

SB Corp P3 Success Stories


1. A wounded warriors wife - Philippine Star - October 18, 2019
2. Enjoying the Fruits of her Labor etc.- September 6, 2019

3. P3 Fires up a young artisans Dream - Philippine Star -August 30, 2019

4. SB Corp inaugurates MSME Finance Institute April 22, 2019

5. SB Corp signs Risk-based lending partnership with 5 Cavite Banks

c. Environmentally-friendly value chain Y SB Corp Go Green Program for CY 2019
3 Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section? Y

1. A wounded warriors wife - Philippine Star - October 18, 2019
2. A wounded warrior's Story of Survival and Resilience - Philippine Star - February 22 2019

3. P3 Fires up a young artisans Dream - Philippine Star -August 30, 2019

4 Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. 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? Y Feedback Section - https://www.sbgfc.org.ph/feedback

 
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? Y

Code of Conduct - 8.4. Health and Welfare (page 20)

b. Does the GOCC publish data relating to health, safety and welfare of its employees? Y Employee, Health, Safety and Welfare CY 2019
c. Does the GOCC have training and development programmes for its employees? Y  Training and Development Programs January 1 to December 31, 2019
d. Does the GOCC publish data on training and development programs for its employees? Y Training and Development Programs January 1 to December 31, 2019
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? Y SB Corp Website
Whistleblowing Policy
b. Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation? Y SB Corp Website
Whistleblowing Policy > Confidentiality
II. Disclosure and Transparency
7 Quality of the Annual Report
Does the GOCC disclose the following items:
a. Corporate Objectives Y Performance Agreement for the Year
b. Financial performance indicators Y 2019 Performance Scorecard (SM 1 Increasing Total Portfolio, and SM 4 Improve Net Operating Income)
c. Non-financial performance indicators Y Customer Satisfaction Survey 2019
d. Details of whistle-blowing policy Y SB Corp Website - 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 Y Board of Director Resumes
f. Training and/or continuing education programme attended by each director/commissioner Y Trainings Attended for CY 2019
8 Are the annual reports downloadable from the GOCC's website? N/A 2019 Annual Report is not yet available
9 Does the Annual Report 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? Y Corporate Governance Confirmation Statement for CY 2019
10 Timely filing/release of annual/financial reports
a. Are the audited annual financial report/statement released within 60 days upon receipt from COA? Y

2019 Audited Financial Statement is not yet available

Date Audited Financial Report is received from  COA: Pending
Date of Release/uploaded on SB Corp Website:

b. Is the annual report released within 90 days from release of audited financial report? N/A

2019 Annual Report is not yet available

Date of Release of Audited Financial Statement (posting on the website):

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? N/A 2019 Audited Financial Statement is not yet available
III. Responsibility of the Board
11 Corporate Vision/Mission
a. Has the Board of Directors reviewed the vision and mission/strategy in the last financial year? Y Strategy Map
b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy? Y Manual of Corporate Governance, page 8 Specific Duties and Responsibilities of the Board
12 Did the GOCC achieve 90% in the PES? N/A 2019 GCG- Validated Performance Scorecard is not yet available
13 Code of Ethics or Conduct
a. Are the details of the code of ethics or conduct disclosed? Y  Code of Conduct
b. Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code? Y Code of Conduct - Section 2. Coverage (page 2)
c. Does the company disclose how it implements and monitors compliance with the code of ethics or conduct? Y Code of Conduct  Compliance Certificate (page 27)
14 Does the Board appoint a Nomination Compensation / Remuneration Committee?  Y

Board Committees Membership - 2019 (Corporate Governance Committee)

2019 GCIS

15 Did the Nomination Compensation/Remuneration Committee meet at least twice during the year? Y The Committee held 7 meetings in 2019 (Reference: Board Attendance 2019)
16 If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed? Y Corporate Governance Committee 2019 Accomplishment Report

 
17 Does the Board appoint an Audit Committee? Y

 Board Committee Membership 2019 - Board Audit and Compliance Committee

2019 GCIS

18 If yes, is the report of the Audit Committee publicly disclosed Y  Board Audit and Compliance Committee 2019 Accomplishment Report
 
19 Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)? Y Board of Director Resumes- Atty. Ferdinand D. Tolentino
20 Did the Audit Committee meet at least four times during the year? Y The Committee held 7 meetings in 2019 (Reference: Board Attendance 2019)
21 Does the Board appoint a Risk Management Committee? Y

Board Committee Membership 2019- Finance and Risk Oversight Committee

2019 GCIS

22 If yes, is the report on Risk Management Committee publicly disclosed? Y  Finance and Risk Oversight Committee 2019 Accomplishment Report

 
23 Does at least one member of the Risk Management Committee have a background in finance and investments? Y Board of Director Resumes- Atty. Ferdinand D. Tolentino
24 Board meetings and attendance
a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1) Y

Board of Directors Attendance 2019

 

b. Does the Board of Directors meet at least monthly? N Based on the  Board of Directors Attendance 2019  no meeting was held on February and November. These were compensated by two Board Meetings held on April and September
c. Did the Board of Directors meet on at least 75% on their scheduled meetings? Y Board of Directors Attendance 2019
d. Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year? N

2019 Board Meetings (only 8 out of 11 Directors/Alternates had at least 90% attendance)

Board of Directors Attendance 2019

e. Did the Board of Directors meet separately at least once during the year without the President/CEO present? Y 2019 Board Meetings
(3rd Paragraph)
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? Y

2019 Board Meetings (Last Paragraph)

b. Is the Board Secretary trained in legal, accountancy or company secretarial practices? Y Key Officers’ Resume/Personal Data
26 Internal Audit
a. Does the company have a separate internal audit function? Y  Organizational Chart
b. Does the appointment and removal of the internal auditor require the approval of the Audit Committee? Y SB Corp Website - Manual of Corporate Governance page 18(c) Internal Audit, iv.
27 Risk Oversight
a. Does the company disclose the internal control procedures/risk management systems it has in place? Y Disclosure on material risk factor and measures taken to manage such risks
b. Does the Annual Report disclose 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? Y 2019 Statement Review of Financial , Operational and Risk Management System
c. Does the company disclose how key risks are managed? Y Disclosure on material risk factor and measures taken to manage such risks
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? Y 2019 Statement Confirming Adequacy of Internal Controls
28 Board Chairman Y

Board of Director Resumes- Usec. Blesila Lantayona as  acting chairman and Ma. Luna E. Cacanando as President and CEO

Do different persons assume the roles of Chairman and CEO?
29 Orientation Program /Continuous Professional Education Program
a. Does the GOCC have orientation programs for new Directors? Y

 Board Orientation and Continuing Education

Manual of Corporate Governance ,Page 31, XI  Training Process #89

 

b. Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs? Y

Board Orientation and Continuing Education

Manual of Corporate Governance, Page 14, A Corporate Governance Committee # 30 c.

Manual of Corporate Governance ,Page 31, XI  Training Process #89

c. Did all Appointive Directors attend at least 1 training for the calendar year? Y Trainings Attended for CY 2019
30 Board Appraisal
a. Is an annual performance assessment conducted of the Board of Directors? Y 2019 Performance of the Board and Board Level Committees
b. Does the GOCC disclose the process followed in conducting the Board assessment? Y 2019 Performance of the Board and Board Level Committees
c. Does the GOCC disclose the criteria used in the Board assessment? Y

2019 Performance of the Board and Board Level Committees

Board Resolution on Performance Scorecard of the Governing Board and Board -Level Committees

31 Is an annual performance assessment conducted of the Board of Directors Committees Y 2019 Performance of the Board and Board Level Committees
IV. Bonus
32 Does the GOCC practice Global Reporting Index (GRI) on its annual reports? N/A

 

2019 Annual Report is not yet available

33 Is the audited annual financial report/statement released within 30 days upon receipt from COA? N/A

2019 Audited Financial Statement is not yet available

Date of Receipt from COA:
Date of Release (posting on the website):

V. Penalty
34 Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs? N None- 2019 Other  Board of Director Membership
35  Is there non-compliance with Good Governance Conditions? N

None. SB Corporation is compliant with all Good Governance conditions.

Source: https://www.dap.edu.ph/rbpms/news/initial-list-of-non-compliant-goccs-covered-by-ra-10149-on-good-governance-conditions-procurement-requirements-and-common-sto-and-gass-indicators-for-fy-2019-pbb/