PRESS RELEASE
04 July 2014
More than a hundred Board of Trustees and Directors from fifty-five (55) Government Owned and Controlled Corporations (GOCCs) attending the Orientation Seminar on Public Sector Governance organized by the Development Academy of the Philippines (DAP) were briefed about the PPP Program and its legal and institutional framework, in separate sessions last 23 May, 13 June, and 2 July 2014.
Dir. Eleazar E. Ricote, PPP Center’s Director for Capacity Building and Knowledge Management, particularly discussed with them the PPP/BOT Law, the PPP Program’s pipeline, and recent policy and institutional improvements. He also briefed them on the PPP procurement processes and requirements, as well as the challenges that GOCCs should consider as PPP implementing or contracting agencies.
“There was eagerness among them to better understand how private sector financing and efficiencies can best be harnessed through PPPs. This is very encouraging for the PPP Program since these board directors and trustees are the critical policy and decision makers in their respective GOCC’s PPP priorities and initiatives”, Ricote remarked.
Spearheaded by the DAP’s Center for Governance, the orientation seminar on public sector corporate governance aimed to equip Appointive Directors of GOCCs with the knowledge to effectively perform their functions in ensuring transparent, responsible, and accountable governance.
