CORPORATE GOVERNANCE SCORECARD 2024

COMPONENT
GOCC SUBMISSION
GRP
ITEM
QUESTION
CITEM COMPLIANCE
ANS
REFERENCE LINK/SUPPORTING DOCUMENTS
I. Stakeholder Relationship
I
1.a
Does the GOCC disclose a policy that: Stipulates the existence and scope of its effort to address customer's welfare?

Section 52 of the CITEM's Manual of Corporate Governance (Recognizing the Stakeholders and Nature of their Interests) identified its various stakeholders as follows:

  1. Government
  2. SMEs
  3. General Public
  4. Partner government agencies and other external agencies
  5. Private Corporations having similar nature of business as CITEM

Section 55 of the manual also stated CITEM's policies on dealings with its customers as follows:

  1. CITEM should operate a highly effective and efficient organization, focused on meeting customer objectives with the aim of providing services which give fair value and consistent quality, reliability, and safety in return for the price paid for the same.
  2. CITEM should implement policies of continual improvement, of both processes and skills of the staff, to take best advantage of advances in all aspect of society in order to ensure that it continues to add value to its customer's businesses.
  3. CITEM should have a clear and strong line of communication which allows them to respond quickly and efficiently to customer and market requirements, and to the government for the customers to receive consistent service in order to successfully and consistenly deliver what CITEM is mandated to do.
Y
CITEM Manual of Corporate Governance, Section 52 and 55, page 15

Corporate Governance Manual (page 15)
I
1.b
Does the GOCC disclose a policy that: Elaborates its efforts to interact with the communities in which they operate?

CITEM's policy on interacting with the communities around it can be found in the following sections of CITEM's Manual of Corporate Governance:

  1. Section 47. Corporate Social Responsibility. As an integral part of the National Government, GOCCs are inherently mandated to be socially responsible, to act and operate as good corporate citizens. (page 14)
  2. Section 49. Relationship with Stakeholders, of the revised CITEM's Manual of Corporate Governance stated its policy on interacting with its stakeholders. It was also mentioned that the Governing Board of CITEM shall recognize and perform its obligations towards the National Government, together with the employees, suppliers, customers, and other stakeholders, and to communities in which it operates. (page 14)
Y
CITEM Manual of Corporate Governance, Section 47 and 49, page 14

Corporate Governance Manual (page 14)
I
1.c
Does the GOCC disclose a policy that: Ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?

Section 48, Environment, of the CITEM's Manual of Corporate Governance under 'Corporate Social Responsibility' stated that, to wit:

"In the course of the operations of CITEM, it should identify opportunities to reduce consumption of energy, water and other natural rersources. CITEM should also strive to re-use and recycle where possible and dispose of non-recyclable items responsibly, thereby minimizing our impact on the environment, in doing so, by adopting simple, environmentally friendly initiatives, CITEM will raise awareness among the community".

Y
CITEM Manual of Corporate Governance, Section 48, page 14.

Corporate Governance Manual (page 14)
I
2.a
Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Customer health and safety)

CITEM's Signature Event for food sector, the IFEX Philippines, was held on 10-12 May 2024 at the World Trade Center Metro Manila. During the event, visitors are advised to take necessary precautions to safeguard their health in public. They were also encouraged to be mindful of their surroundings and personal belongings as they move through the different booths and sections of the trade fair. A medical team was available at the venue's main lobby to assist guests with health concerns/emergencies.

On the other hand, CITEM's Signature Event for Home, fashion and lifestyle sectors, the Manila FAME 2024 was held on 17-19 October 2024 at the World Trade Center Metro Manila (WTCMM). During the event proper, the CITEM EXCOM and MANCOM members were required to be present at all times to assist VIPs/special guests and welcome visitors during the Opening Ceremony and VIP tour. Everyone was required to familiarize themselves with the event’s activities and be prepared to answer inquiries from trade buyers, visitors, exhibitors, guests, and public viewers. The assigned employees were also required to wear face masks at the venue. Likewise, a satellite clinic was provided for the employees and other stakeholders for first aid/health concerns.

Moreover, Senior Citizens and Persons with disabilities (PWDs) were also provided with special registration lane during the event proper. Also, children less than 10 years of age were not allowed to enter the exhibition hall, rather they were allowed to stay in the Kids' Area of the WTCMM Lobby with adult supervision.

The above protocols help ensure customer health and safety during CITEM-organized Signature Events.

Y
2024 Signature Events: Show Rules and Protocols
I
2.b
Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Interaction with the communities)

CITEM donated the amount of P10,000.00 to support the Youth Servant Leadership and Education Program (YSLEP) of Caritas Manila which aims to assist underprivileged youths in their studies. Through this project, CITEM contributed to the achievement of the UN’s Sustainable Development Goal on Quality Education.

CITEM also donated the amount of P7,000.00 to Create a Job Disable Association, Inc. (CDAI) which aims to help indigent persons with disabilities. Through this project, CITEM contributed to the achievement of the UN’s Sustainable Development Goal on Good health and Well-being.

Likewise, CITEM also made donations to Sanchez Mira, Cagayan, intended for the children of Langagan, Sitio Katarawan of Brgy. Bangan, and Sitio Kaanangkaan of Brgy. Bangann. CITEM employees donated toys, slippers, clothes, bags of groceries, and school supplies to children affected by the recent typhoon "Marce". CITEM also donated to the children of Sanchez Mira West Central School.

Y
I
2.c
Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies? (Environmentally-friendly value chain)

Incorporating Sustainability and SDG Goals in CITEM PAPs. CITEM launched the Sustainability Solutions Exchange (SSX) on 23-25 March 2022 to present and offer sustainable manufacturing solutions, products, and services to increase productivity, efficiency and optimize their market potentials. In its pilot edition, SSX was staged as a digital event – the SSX Digital Exhibition and Conference via Hopin platform. The event highlighted the latest and relevant solutions, technologies, and products, and services, and championed local businesses that adhered to green or sustainable practices. The maiden edition of SSX onboarded 165 companies/suppliers and featured them in the SSX Advanced Solutions and Marketplace Zones, and 138 purchasers. SSX Digital Exhibition and Conference had more than 1,200 attendees composed of participants, suppliers, DTI/CITEM, government/diplomatic corps, NGOs, purchasers, media, event partners and eresource pesons.

To date, CITEM is maintaining the website (www.sustainability.ph) which is the online community platform for SSX. It promotes products, services and an exchange of ideas on sustainable consumption and production. The website features a diverse range of stories about sustainable technologies, interventions and practices that seek to engage businesses and consumers to start or continue their journey towards sustainability. Some articles uploaded in CY2024 in the SSX website are as follows:

  1. Healthy snacking as a wellspring for sustainability (posted: February 6, 2024);
  2. A bagful of hope for Mother Earth CITEM partners with Oikos Philippines (posted April 24, 2024);

SSX is also a hub for business, partnerships, and networking. This helps empower CITEM stakeholders by becoming a sustainability partner or enabler.

Implementing Energy Conservation Measures Agency-Wide. CITEM also strived to reduce consumption of energy thru observance of the following energy conservation measures:

  1. Air conditioning systems - follow standard operating hours, setting of air-con thermostat, preventive maintenance, conversion to inverter type units;
  2. Lighting systems - follow standard operating hours, Lights/Lamps at Modular desks, Use of LED lights/lamps
  3. Other Furniture/Fixtures/Equipment - Observe proper use of refrigerators and water devices
  4. Fuel - Government vehicles intended for Official Use, Observance of speed limit, Perform BLOWBAGETS before operating, preventive maintenance.
Y
I
3
Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section?

CITEM has a CSR report uploaded on the agency's website.

Likewise, CITEM is maintaining the website www.sustainability.ph which is the online community platform for Sustainability Solutions Exchange (SSX). It promotes products, services and an exchange of ideas on sustainable consumption and production. The website features a diverse range of stories about sustainable technologies, interventions and practices that seek to engage businesses and consumers to start or continue their journey towards sustainability. Some articles uploaded in CY2024 in the SSX website are as follows:

  1. Healthy snacking as a wellspring for sustainability (posted: February 6, 2024);
  2. A bagful of hope for Mother Earth CITEM partners with Oikos Philippines (posted April 24, 2024);
Y
I
4
Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights. Does the GOCC provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?

CITEM has contact details dedicated for complaints/concerns:

CITEM-Citizen-Charter 2024.pdf, p.21

Feedback and Redress Mechanisms--

To promote transparency and constant improvement, CITEM encourages stakeholders to express their feedback, concerns, complaints, and suggestions through the following channels, as indicated in the Citizen’s Charter at CITEM’s official website:

  • Talking to the Public Assistance and Complaints Desk (PACD) Officer at the CITEM Lobby
  • Filling out the Feedback Form available at the CITEM Information Desk and dropping it in the Suggestion Box located at the lobby
  • Contacting CITEM through phone at +(63 2) 831-2201; through fax no. 832-3965; or via e-mail at info@citem.com.ph
Y
I
5.a
Performance-enhancing mechanisms for employee participation should be permitted to develop. Does the GOCC explicitly mention the health, safety and welfare policy for its employees?

CITEM's policy on employee health, welfare, and safety is available in the following:

  1. Employees' Manual (pages 16-17)
  2. Revised-Manual of Corporate Governance: Section 39. Training and Development for CITEM Employees; Section 40. Health and Safety, page13 - CITEM shall have development discussions and structured training programs for personal and professional development for CITEM employees.
Y
I
5.b
Does the GOCC publish data relating to health, safety and welfare of its employees?

CITEM implemented several programs related to health, safety and welfare of its employees which are available in the following documents:

  1. Wellness Programs CY 2024
  2. CITEM Clinic Report on Clinic Lecture and Health Programs 2024
  3. Health and Safety Reminders

The CITEM Clinic also reported on the number of clinic transactions in 2024, which includes the following cases, among others:

  1. Hypertension
  2. Diabetes mellitus
  3. Skin infection
  4. Migraine
  5. Viral infection
  6. Contact dermatitis
Y
I
5.c
Does the GOCC have training and development programmes for its employees?

CITEM has a list of Training Programs attended by CITEM Employees in 2024. The list includes objectives/brief description of the training programs.

Y
I
5.d
Does the GOCC publish data on training and development programms for its employees?

Data on training and development programs for CITEM employees are available in the document 'Training Programs CY 2024. Data includes training/program title, number of participants per program, average hours per training held and sex-disaggregated data.

Y
I
6.a
Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior?

CITEM 's Revised Whistleblowing Policy encourages each employee to speak up when there is an issue or concerns that affects work or accomplishments. It promotes an environment of open communication between employees and all levels of management; to ask questions and report concerns. It is the obligation of everyone to speak up or report about a known or suspected violation to protect the Agency.

Whistleblowers may report such acts or omissions that are illegal, unethical, violate good governance principles, against public policy and morals, promote unsound and unhealthy business practices, violate CITEM’s policies, procedures, rules and regulations, or are grossly disadvantageous to CITEM and/or the Government. A Whistleblowing Report (WR) shall be in writing, which contains sufficient facts with basis. Reporting can be submitted through the following reporting portals:

  1. GCG Whistleblowing Web Portal;
  2. Alternative Reporting Channel (i. Face to Face Meetings with CITEM Officials, Officers, and Employees/ or GCG Officials; ii. E-mail; iii. Phone, among others.

Under the said policy, it shall treat all reports, including the identity of the whistleblower/person concerned and the respondent, in an utmost confidential and sensitive manner. Each issue or report will be handled or investigated promptly, consistently, and appropriately. CITEM will observe due process where the respondent will be given the chance to hear and explain his/her side within 15 days from receipt thereof. Personnel who initiate a report may be updated on the actions taken, to the extent allowed by law.

Enhanced CITEM Grievance Machinery. CITEM adopted and enhanced its Grievance Machinery In line with the Revised Policies on the Settlement of Grievance in the Public Sector contained in CSC Resolution No. 010113 dated January 10, 2001 and implemented through CSC Memorandum Circular No. 02, series of 2001, and pursuant to CSC Memorandum Circular No. 04, 2010 or the Revised Policies in the Resolution of Protest Cases. The Enhanced CITEM Grievance Machinery is duly approved by the Civil Service Commission on 06 August 2024.

The procedure for seeking redress of grievance shall be as follows:

  1. Discuss with Immedaite Supervisor
  2. Appeal to the Higher Supervisor
  3. Appeal to the Grievance Committee
  4. Appeal to the Top Management
  5. Appeal to the Civil Service Commission Regional Office
Y
I
6.b
Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation?

CITEM's revised Whistleblowing Policy encourages each employee to speak up when there is an issue or concerns that affects work or accomplishments. Under the said policy, it shall treat all reports, including the identity of the whistleblower/person concerned and the respondent, in an utmost confidential and sensitive manner.

Below procedures to protect the whistleblower Against Retaliation are included in the said policy:

  1. Retaliation actions a whistleblower or any personnel for any report will be taken cognizance of by the CITEM Integrity Monitoring Committee if the report is made in good faith. The GCG may further extend all possible assistance to the whistleblower under the law and given the circumstances.
  2. Any person covered by this Policy who retaliates, intimidates, harasses, or undertakes may adverse actions against a whistleblower or any person who, in good faith, has cooperated in the investigation of the whistleblowing report, shall be subject to disciplinary action.
  3. CITEM shall not tolerate any retaliatory acts against a whistleblower who submits a whistleblowing report in good faith.
  4. A whistleblower shall be protected against retaliation, intimidation, harassment, or other adverse actions for submitting a whistleblowing report in accordance with this Policy. A whistleblower who believes that he/she is the subject of any form of retaliation, intimidation, harassment, or other adverse actions as a result of his/her whistleblowing report should immediately report the same as a violation of and in accordance with this Policy.
  5. Such retaliation, intimidation, harassment, or other adverse action may include:
  1. Discrimination or harassing in the workplace;
  2. Demotion;
  3. Reduction in salary or benefits;
  4. Termination of contract;
  5. Evident bias in performance evaluation; or
  6. Any act of threats that adversely affect the rights and interest of the whistleblower.
 
II. Disclosure and Transparency
II
7.a
Does the GOCC's website disclose the following items: Corporate objectives

CITEM's corporate objectives are available in CITEM website as well as in page 2 of CITEM's 2024 Performance Scorecard and Strategy Map.

Y
II
7.b
Does the GOCC's website disclose the following items: Financial performance indicators

CITEM's Financial strategic measures are available in CITEM website - page 3 of CITEM's 2024 Performance Scorecard as follows:

  1. SM1 - CRR;
  2. SM2 - Budget Utilization Rate (BUR)
    • SM2a - Obligations Subsidy BUR;
    • SM2b - Disbursements Subsidy; and
    • SM2c - Corporate Fund BUR
Y
II
7.c
Does the GOCC's website disclose the following items: Non-financial performance indicators

CITEM's non- financial strategic measures are available in pages 4-6 of CITEM's 2024 Performance Scorecard as follows:

  1. Percentage of Satisfied Customers;
  2. No. of Trade Buyers attending Export Promotion Events;
  3. Implementation of the Board-approved Medium-term Marketing Plan;
  4. Establish a New Board-approved Marketing Plan;
  5. Increase PR Value;
  6. Number of SMEs Participating in Export Promotion Activities;
  7. Percentage of Completion of ISSP;
  8. Improve Processes to Quality Management System; and
  9. Improve Competency Baseline of the Organization
Y
II
7.d
Does the GOCC's website disclose the following items: Details of whistle-blowing policy

CITEM 's Revised Whistleblowing Policy encourages each employee to speak up when there is an issue or concerns that affects work or accomplishments. It promotes an environment of open communication between employees and all levels of management; to ask questions and report concerns. It is the obligation of everyone to speak up or report about a known or suspected violation to protect the Agency.

Under the said policy, it shall treat all reports, including the identity of the whistleblower/person concerned and the respondent, in an utmost confidential and sensitive manner. Each issue or report will be handled or investigated promptly, consistently, and appropriately. CITEM will observe due process where the respondent will be given the chance to hear and explain his/her side within 15 days from receipt thereof. Personnel who initiate a report may be updated on the actions taken, to the extent allowed by law.

Said policy is available in the CITEM website.

Y
II
7.e
Does the GOCC's website disclose the following items: Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners

Biographical Details of CITEM Board of Governors are available in the CITEM Website.

Y
II
7.f
Does the GOCC's website disclose the following items: Training and/or continuing education programme attended by each director/commissioner

CITEM Executive Director Leah Pulido Ocampo attended the Corporate Governance Orientation Program conducted by Institute of Corporate Directors (ICD) on December 3-4, 2024.

N/A
II
8
Are the annual reports downloadable from the GOCC's website?
 
 
 
II
9
Does the GOCC's website contain a statement confirming the company's full compliance with the code of corporate governance and where there is non-compliance, identify and explain reasons for each such issue?

CITEM’s website contains a statement confirming the agency’s full compliance with the Code of Corporate Governance.

Y
II
10.a
Are the audited annual financial report/statement uploaded on the website within 60 days upon receipt from COA?
 
 
 
II
10.b
Is the annual report released within 90 days from release of audited financial report?
 
 
 
II
10.c
Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?
 
 
 
III. Responsibilities of the Board
III
11.a
Has the Board of Directors reviewed the vision and mission/ strategy in the last financial year?
 
 
 
III
11.b
Does the Board of Directors monitor/oversee the implementation of the corporate strategy?
 
 
 
III
12
Did the GOCC achieve 90% in the PES?
 
 
 
III
13.a
Are the details of the code of ethics or conduct disclosed?
YES

References:

  1. Sections 1-12 of Code of Conduct and Ethical Standards of CITEM Officials and Employees
Y
III
13.b
Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code?
YES

References:

  1. Sections 1 of Code of Conduct and Ethical Standards of CITEM Officials and Employees
Y
III
13.c
Does the company disclose how it implements and monitors compliance with the code of ethics or conduct?
YES

References:

  1. CITEM Code of Conduct
Y
III
14
Does the Board appoint a Nomination Compensation / Remuneration Committee?
YES

Governance and Nomination and Remuneration Committee Members

Y
III
15
Did the Nomination Compensation/Remuneration Committee meet at least twice during the year?
 
 
 
III
16
If yes, is the report of the Nomination Compensation/Remuneration Committee publicly disclosed?
 
 
 
III
17
Does the Board appoint an Audit Committee?
 
 
 
III
18
If yes, is the report of the Audit Committee publicly disclosed?
 
 
 
III
19
Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)?
 
 
 
III
20
Did the Audit Committee meet at least four times during the year?
 
 
 
III
21
Does the Board appoint a Risk Management Committee?
YES

The CITEM Board appoints and designates a risk and Management Committee

References:

  1. Committees in the CITEM Board, functions, and appraisal
  2. Sec Cert_Board Committees Nomination (Res No. BM 2020-01-09 & 10)
Y
III
22
If yes, is the report on Risk Management Committee publicly disclosed?
 
 
 
III
23
Does at least one member of the Risk Management Committee have a background in finance and investments?
 
 
 
III
24.a
Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1)
 
 
 
III
24.b
Does the Board of Directors meet at least monthly?
 
 
 
III
24.c
Did the Board of Directors meet on at least 75% on their scheduled meetings?
 
 
 
III
24.d
Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year?
 
 
 
III
24.e
Did the Board of Directors meet separately at least once during the year without the President/CEO present?
 
 
 
III
25.a
Does the GOCC have a policy that stipulates board papers for Board of Directors/Commissioners meetings be provided to the Board at least three (3) working days in advance of the board meeting?
YES

Board must be provided with board papers for the upcoming meeting at least 3 working days in advance indicated under the CITEM Board of Governors Regular Board Meetings' policy.

References:

  1. Section 6 (b) of the Rules on the Conduct of CITEM Board of Governors Meeting
  2. Board Meeting Policy and Actual meeting and attendance
Y
III
25.b
Is the Board Secretary trained in legal, accountancy or company secretarial practices?
YES
Y
 
III
26.a
Does the company have a separate internal audit function?
YES

The agency’s Internal Audit Service Unit has been working for the agency’s ISO Certification.

References:

  1. CITEM Website Key Officers List
  2. DBM Approved CITEM Organizational Chart
Y
 
III
26.b
Does the appointment and removal of the internal auditor require the recommendation of the Audit Committee?
 
 
 
III
27.a
Does the company disclose the internal control procedures/risk management systems it has in place?
YES

The company completely disclosed their internal control procedure/risk management system.

References:

  1. CITEM Risk Management System
Y
III
27.b
Does the Annual Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
 
 
 
III
27.c
Does the company disclose how key risks are managed?
YES

The GOCC disclosed all its key risks e.g: compliance review and financial management control and how they handle such risks.

References:

  1. CITEM Risk Management System
Y
III
27.d
Does the Annual Report contain a statement from the Board of Directors or Audit Committee commenting on the adequacy of the GOCC's internal controls/risk management systems?
 
 
 
III
28
Do different persons assume the roles of Chairman and CEO?
YES

DTI Secretary or its alternate is the Chairman of the Board, while the Executive Director is an appointive member of the Board.

References:

  1. Key Officers
Y
 
III
29.a
Does the GOCC have orientation programs for new Directors?
YES

CITEM, through the Corporate Secretary and the Executive Committee, conducts orientation programs especially for new Directors.

References:

  1. Website: Orientation for the new board member
  2. Sec 66 of the Revised Manual of Corporate Governance
Y
III
29.b
Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programs?
YES

The company has a policy that encourages directors/commissioners to attend educational programs and they also include the list of training that was attended by the board of directors.

References:

  1. Section 66 of Manual of Corporate Governance of CITEM
Y
III
29.c
Did all Appointive Directors attend at least 1 training for the calendar year?
 
 
 
III
30.a
Is an annual performance assessment conducted of the Board of Directors?
YES

References:

 
 
III
30.b
Does the GOCC disclose the process followed in conducting the Board assessment?
 
 
 
III
30.c
Does the GOCC disclose the criteria used in the Board assessment?
 
 
 
III
31
Is an annual performance assessment conducted of the Board of Directors Committees?
 
 
 
IV. Bonus
IV
1 Stakeholder Relationship
Does the GOCC practice Global Reporting Index (GRI) on its annual reports?
 
N
 
IV
2 Timely release of annual financial report
Is the audited annual financial report/statement released within 30 days upon receipt from COA?
 
 
 
V. Penalty
V
1 Responsibilities of the Board
Are there members of the Board of Directors who hold more than five (5) positions in GOCCs and PLCs?
 
 
 
V
2 Responsibilities of the Board
Is there non-compliance with Good Governance Conditions?

None. CITEM is compliant with all Good Governance conditions.

Note: Validation of Compliance to Good Governance Conditions for FY 2024 is ongoing.

N/A
N/A