No. Question Y/N Link Source
1. Does the GOCC disclose a policy that:
  a. Stipulates the existence and scope of its effort to address customer’s welfare? Y

Yes. SB CORP MISSION:

Grow the MSME sector by:

  • – developing and implementing financing and capacity building support programs for underserved enterprises and for grassroots MSME organizations; and
  • – advocating for measures and policies that will promote a stronger MSME finance industry.
  b. Elaborates its efforts to interact with the communities in which they operate? Y Yes. See SB Corp Press Release on activities in Marawi SB Corp News
  c. Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development? Y Yes, See Page of 2016 Annual Report page 8
2. Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? Y Yes, See Page of 2016 Annual Report page 12
  a. Customer health and safety Y Yes, See Page of 2016 Annual Report page 9 Quality Standards
  b. Interaction with the communities Y Yes, See Page of 2016 Annual Report page 12 The ERF
  c. Environmentally-friendly value chain Y Yes, See Page of 2016 Annual Report page 9 Quality Standards
3. Does the GOCC have a separate Corporate Social Responsibility (CSR) report/section or sustainability report/section? N Yes, See Page of 2016 Annual Report page 8 Capacity Building and Contribution
4. Where stakeholders interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights Y Yes. See Website Whistleblowing Report Form
  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? Y

Yes.
5. Performance-enhancing mechanisms for employee participation should be permitted to develop. Y  
  a. Does the GOCC explicitly mention the health, safety and welfare policy for its employees? N  
  b. Does the GOCC publish data relating to health, safety and welfare of its employees? N  
  c. Does the GOCC have training and development programmes for its employees? Y Yes, See Page of 2016 Annual Report page 15 Training and Education
  d. Does the GOCC publish data on training and development programs for its employees? Y Yes, See Page of 2016 Annual Report page 15 Training and Education
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. Y See Website Whistleblowing Report Form
  a. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior? Y See Website Whistleblowing Report Form
  b. Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation? Y Whistleblowing Policy
7. Quality of the Annual Report
Does the GOCC disclose the following items:
  a. Corporate Objectives Y Yes, See Page 3 of 2016 Annual Report About the Corporation
  b. Financial performance indicators Y Yes, See Page 17 of 2016 Annual Report Audited Financial Statements
  c. Non-financial performance indicators Y Yes, See Page 6 of 2016 Annual Report Presidents Report
  d. Details of whistle-blowing policy Y Yes , See Page 21 of 2015 Annual Report
  e. Training and/or continuing education programme attended by each director/commissioner Y Yes, See Pages 38-41 of 2016 Annual Report Board of Directors
8. Are the annual reports downloadable from the GOCC’s website? Y Yes, See Transparency Seal
9. Corporate Governance Confirmation Statement
  a. Does the AR contain a statement confirming the company’s full compliance with the code of corporate governance and where there is non-compliance, id Y  
10. Timely filing/release of annual/financial reports Y 2017 Audited FS received June 29 2018 3:25 PM posted June 29, 2018, 4:50 PM
  a. Are the audited annual financial report/statement released within 60 days upon receipt from COA? Y 2017 Audited FS received June 29 2018 3:25 PM posted June 29 2018, 4:50 PM
  b. Is the annual report released within 90 days from release of audited financial report? Y  
11. Corporate Vision/Mission
  a. Has the Board of Directors reviewed the vision and mission/strategy in the last financial year? Y  
  b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy? Y  
12. Did the GOCC achieve 90% in the PES? N  
13. Code of Ethics or Conduct   SB Corp Code Of Ethics Please see Transparency Seal
  a. Are the details of the code of ethics or conduct disclosed? Y SB Corp Code Of Ethics Please see Transparency Seal
  b. Does the company disclose how it implements and monitors compliance with the code of ethics or conduct? Y SB Corp Code Of Ethics Please see Transparency Seal
14. Does the Board appoint a Nomination Compensation / Remuneration Committee? Y The function is included in the Corporate Governance Committee Functions. Please see Charter of Corporate Governance Committee
15. Did the Nomination Compensation/Remuneration Committee meet at least twice during the year? Y The Corporate Governance Committee convened 5 times in 2016. See Attendance Record
16. If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed? Y  
17. Does the Board appoint an Audit Committee? Y Board Resolution Creating the BACC
18. If yes, is the report of the Audit Committee publicly disclosed Y  
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)? Y
20. Did the Audit Committee meet at least four times during the year? Y  
21. Does the Board appoint a Risk Management Committee? Y Please see Board Resolution 2009-1582
22. If yes, is the report on Risk Management Committee publicly disclosed? Y  
23. Does at least one member of the Risk Management Committee have a background in finance and investments? Y Please see Board Resolution 2014-2067
24. Board meetings and attendance
  a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1) Y Every 4th Friday of the month. Please see Board Resolution 2016-2035
  b. Does the Board of Directors meet at least monthly? Y See Attendance Record
  c. Did the Board of Directors meet on at least 75% on their scheduled meetings? Y 100% See Attendance Record
  d. Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year? Y Yes Except for the two Ex-Officio members See Attendance Record
  e. Did the Board of Directors meet separately at least once during the year without the President/CEO present? N

 
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 Please see Board Resolution 2009-1627
  b. Is the Board Secretary trained in legal, accountancy or company secretarial practices? Y  
26. Internal Audit
  a. Does the company have a separate internal audit function? Y Please see Board Resolution 2009-1627
  b. Is the head of internal audit identified or, if outsourced, is the name of the external firm disclosed? Y  
  c. Does the appointment and removal of the internal auditor require the approval of the Audit Committee? Y Please see Board Resolution 2009-1627
27. Risk Oversight
  a. Does the company disclose the internal control procedures/risk management systems it has in place? Y  
  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  
  c. Does the company disclose how key risks are managed? Y  
  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  
28. Board Chairman and CEO
  a. Do different persons assume the roles of Chairman and CEO? Y Please see Board Resolution 2015-2249 Designation of Acting Chairman
29. Board of Directors Development
  a. Does the GOCC have orientation programmes  for new Directors? Y Board Trainings 2017
  b. Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional  education programmes?    
  c. Did all Appointive Directors attend at least 1 training for the calendar year? N Board Trainings 2017
30. Board Appraisal
  a. Is an annual performance  assessment  conducted of the Board of Directors assessment?    
  b. Does the GOCC disclose the process followed in conducting the Board assessment?    
  c. Does the GOCC disclose the criteria used in the Board assessment?   Board Scorecard
31. Is an annual performance assessment conducted of the Board of Directors Committees
  a. Is an annual performance assessment conducted of the Board of Directors Committees?   Board Scorecard
Bonus
32. Stakeholder’s Relationship: Does the GOCC practice Global Reporting Index (GRI) on its annual reports? Y Yes, See Page 46-47 of 2016 Annual Report
33. Disclosure and Transparency: Are the audited annual financial report/statement released within 30 days upon the receipt from COA? Y Received from COA July 6, 2018 posted on July 6, 2018 , 4:54 PM
Penalty
34. Responsibilities of the Board
  a. Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs? N NONE See Page 38-41 of 2016 Annual Report
  b. Is there non-compliance with Good Governance Conditions? Y