The Integrated Corporate Reporting System (ICRS) serves as the central source of relevant information on GOCCs not only for GCG but also for various concerned agencies, the media, and the general public. Pursuant to the "GOCC Governance Act of 2011" (R.A. No. 10149), the ICRS is a web-based platform that is intended to:
a.) Assist the State in the exercise of its ownership rights in the GOCC Sector through the provision of up-to-date, complete and relevant information;
b.) Streamline the various reportorial requirements for GOCCs; and
c.) Promote greater transparency and timely access to relevant information on the GOCC Sector through a single online web portal.
The ICRS has been established to enhance the transparency and disclosure policies under R.A. No. 10149 on the operations, finances, and management of GOCCs, while amplifying the Governance Commission’s regulatory capacity through the use of business analytics technology.
The ICRS also serves to simplify various reportorial requirements of the GOCCs.
The GOCC Financial Monitoring System or the GFMS is one of the sub-systems of the Integrated Corporate Reporting System (ICRS). The GFMS caters to the electronic submission of financial information of GOCCs, such as, but not limited to, financial statements and corporate operating budgets.
The GCG Memorandum Circular No. 2014-02 and Section 44 of the Code of Corporate Governance for GOCCs (GCG MC No. 2012-07) requires "[e]very GOCC, acting through its Board and Management, [to] ensure that it becomes an active and responsible member and contributor to the ICRS."
The GPMS caters to the electronic submission of non-financial information regarding the GOCC’s profile, such as, but not limited to, the latest version of the charter, performance scorecards, and organizational structures. It also includes information on incumbent Appointive Directors.
Formerly the Appointive Director Data Form (ADDF), the Director Selection and Nomination System (DSNS) allows candidates, nominees, and incumbent Board Members of a GOCC to submit documentary requirements, including, but not limited to, the datasheet, clearances, and other pertinent documents.
Completion of the ICRS-DSNS is part of the process of determining the eligibility and credentials of the applicants. It is a prerequisite for inclusion in the shortlist of qualified nominees which the GCG submits for the President's consideration.
Pursuant to Section 15 of R.A. No. 10149 or the "GOCC Governance Act of 2011," the GCG formulates the rules and criteria in the selection and nomination of prospective appointive directors and causes the creation of search committees to achieve the same.
Further, under Section 3 of GCG Memorandum Circular No. 2012-04 (6th Issue) or the "Nomination and Appointment of Appointive Members of the Board of Directors/Trustees of GOCCs, Subsidiaries and Affiliates," every applicant, nominee, or incumbent Member of a GOCC Governing Board shall submit to GCG an accomplished ICRS-DSNS.
The Directors Attendance and Compensation System (DACS) is a sub-system of the Integrated Corporate Reporting System (ICRS) that allows GOCCs to record and submit the meeting attendance of their Board Members, including the ex officio members and its duly designated alternates and representatives. Additionally, it allows them to record, compute, and submit the per diems received by each appointive member in every committee or board meetings as well as the compensation given to the GOCCs’ Chief Executive Officer (CEO).
The Director's Performance Review System (DPRS) is an online tool designed to facilitate a more stable, confidential, secure, and reliable database system that house the performance reviews of all the members of the Governing Boards of various Government Owned and/or Controlled Corporations (GOCCs) under the jurisdiction of the GCG based on the GCG M.C. No. 2014-03 (4th lssue).