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| Palace to release salary guidelines for GOCC execs |
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| Thursday, 29 July 2010 19:00 |
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TO prevent a repeat of the excesses of the previous administration, Malacañang is set to come up with guidelines that will set the standard salaries and allowances of officials of government-owned and controlled corporations and government financial institutions. Finance Secretary Cesar Purisima said the guidelines are being worked out by the DoF and the Department of Budget and Management. “It will indicate a range of acceptable packages, pay, as well as allowances,” Purisima said, citing a proposal to develop a system of meritocracy to ensure that the salaries of executives of GOCC’s and GFIs will depend on one’s performance. “We will also make a proposal that all directors that are appointed will sign a covenant with us on good governance so that we can assure that they will actually take the interest of the government rather than their own when they sit in those boards,” he said. “I suppose benchmarking it with the private sector is not a bad start. That should probably be the cap. But somewhere in between what we, in the government, get and the private sector might be the best,” he added. Purisima earlier asked the Commission on Audit to conduct a special audit of all GOCCs and GFIs as of June 30 to “properly set the cut off” between the previous and current administration. President Benigno Aquino bared in his State of the Nation Address the misuse of the funds of the Metropolitan Waterworks and Sewerage System with over P2.5 million spent for salaries, car plan, technical assistance and loans granted to each member of the agency’s board of trustees. Purisima said they also received reports that the MWSS even wanted to give their officials a “SONA bonus.” He said the salaries and other perks given to MWSS executives were clearly an abuse. |
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