Approval of the Amended GSIS "No Gift Policy"

July 17, 2014

GSIS RESOLUTION NO. 098-14

APPROVAL OF THE AMENDED GSIS "NO GIFT POLICY"

WHEREAS, Section 29 of Governance Commission for GOCCs (GCG) Memorandum Circular No. 2012-07 (Code of Corporate Governance for GOCCs) mandates all Governing Boards of GOCCs to adopt a "No Gift Policy" and to ensure its strict implementation within the organization;

WHEREAS, the GCG, in its letter dated 15 March 2014, provisionally accepted, with mandated revisions and additions, Policy and Procedural Guidelines (PPG) No. 247-13, the GSIS "No Gift" Policy, approved by the Board under Resolution No. 118 dated 24 October 2013;

RESOLVED, to APPROVE and CONFIRM the PPG on the Amended GSIS "No Gift Policy" as proposed by the Senior Vice President, Corporate Services Group and Corporate Planning Office, in her Memorandum dated 15 July 2014;

RESOLVED FURTHER, to APPROVE the submission of the PPG on the Amended GSIS "No Gift Policy" to the GCG as part of the GSIS' commitment to the principles of good corporate governance;

RESOLVED FINALLY, that Board Resolution No. 118 dated 24 October 2013 and PPG No. 247-13 are hereby SUPERSEDED.

A copy of the PPG on the Amended GSIS "No Gift Policy" is made an integral part of this Resolution. HCaEAT

CERTIFIED CORRECT:

(SGD.) ATTY. MARIA THERESA ABESAMIS-RAAGASCorporate Secretary

REFERRED TO AND APPROVED AND CONFIRMED BY REFERENDUM ON 17 JULY 2014

(SGD.) DANIEL L. LACSON, JR.Chairman

(on leave)ROBERT G. VERGARAVice Chairman

(SGD.) KARINA CONSTANTINO-DAVIDTrustee

(SGD.) GREGORIO T. YUTrustee

(SGD.) ROMAN FELIPE S. REYESTrustee

(SGD.) GERALDINE MARIE BERBERABE-MARTINEZTrustee

(SGD.) MARIO J. AGUJATrustee

(SGD.) ROMEO M. ALIPTrustee

(SGD.) ELISEA G. GOZUNTrustee

(on leave)FRANCISCO T. DUQUE IIITrustee

ATTACHMENT

 

GSIS Policy and Procedural Guidelines No. 257-14July 17, 2014