The Governance Commission approves the request of the Duty-Free Philippines Corporation (DFPC) to defer the implementation of the Implementing Rules and Regulation (IRR) of the Restructuring Plan (RP) for 60 days from March 15, 2023.
The GCG reminds that while it approves the deferral, it may have a negative effect on the ongoing status of DFPC given its limited fiscal space.
The request was made to enable DFPC to prepare for the transition of the implementation of the new organizational structure and staffing pattern.
“The Governance Commission understands that DFPC may need more time given that the restructuring plan may have certain repercussions in policies and core operations,” Chairperson Justice Alex Quiroz said.
“GCG takes into consideration the inputs of the employees union and other government agencies concerned. The deferment will be granted to give way to a streamlined transition that will be beneficial to all concerned,” Chairperson Justice Quiroz added.
Pursuant to Section 5(a) of Republic Act No. 10149, the GCG is mandated to ascertain whether a GOCC should be reorganized, merged, streamlined, abolished, or privatized, in consultation with the department or agency which the GOCC is attached.
The GCG remains steadfast in its mandate as the central advisory, oversight, and monitoring body for GOCCs, to institutionalize transparency, accountability, financial viability, and responsiveness in corporate performance by monitoring and evaluating GOCCs’ performance.
Catherine R. Cueto
