Under Republic Act No. 10149, "All members of the Board, the CEO and other officers of the GOCCs, including appointive directors in subsidiaries and affiliate corporations, shall be qualified by the Fit and Proper Rule," defined as "the standards for determining whether a member of the Board of Directors/Trustees or CEO is fit and proper to hold a position in a GOCC which shall include, but not be limited to, standards of integrity, experience, education, training and competence." As such, any individual who wishes to be part of the Pool of Candidates of the GCG shall possess the following qualifications and none of the disqualifications.
(a) Be a Filipino Citizen; (b) Be at least thirty (30) years of age at the time of appointment to the Governing Board, except when the Charter or By-Laws requires a higher minimum age, which requirement shall prevail; (c) Be of good moral character, of unquestionable integrity, and of known probity; (d) Have a college degree, with at least five (5) years relevant work experience, except for a sectoral representative who only needs to be a bona fide member of the indicated sector or the association being represented as provided for in the Charter or By-laws; (e) Possess management skills and competence preferably relating to the operations of the GOCC to which he/she is appointed; and (f) Have attended, or will attend within three (3) months from the date of appointment, a special seminar on public corporate governance.
1. Persons who have been convicted by final judgment of a court or tribunal of:
2. Persons who have been judicially declared insolvent, spendthrift or incapacitated to contract; 3. Directors, CEOs and Officers of GOCCs who have been:
3. Directors and Officers of private corporations, or any person found by the GCG in consultation with the appropriate Government Agency, to be unfit for the position of Appointive Director because they were found administratively liable by such Government Agency for:
Temporary Disqualifications. The following individuals are temporarily disqualified from appointment or re-appointment, or to continue holding the position of Appointive Director or CEO in any GOCC, as the case may be, thus:
As provided under Section 17 of R.A. No. 10149, the term of office of each Appointive Director shall be for one (1) year, unless sooner removed for cause: Provided, however, That the Appointive Director shall continue to hold office until the successor is appointed.
In accordance with Section 17 of R.A. No. 10149, an Appointive Director may be nominated by the GCG for reappointment by the President only if one obtains a performance score of above average or its equivalent or higher in the immediately preceding year of tenure as Appointive Director based on the criteria for Appointive Directors for the GOCC.
Within three (3) months from date of appointment, an Appointive Director is required to attend a seminar on public corporate governance conducted by accredited training providers of the GCG.
The Supervising Agency/Parent GOCC will submit to the GCG a list of nominees for the GOCC Governing Boards in accordance with GCG M.C. No. 2012-04. The submitted nominees will undergo another level of screening by the GCG Search Committee. Once the nominees are found to be qualified, they will be included in the shortlist of nominees to be submitted to the President of the Philippines for his approval and signature.
Below is the screening process of the GCG Search Committee: