What is the function of Office of the government corporate Counsel?
The primary function of the OGCC is to serve as the principal law office of all Government Owned or Controlled Corporations, their subsidiaries and other corporate offspring and government acquired asset corporations (GOCC).
What are the Goccs in the Philippines?
government-owned and controlled corporation
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an “and/or”, is a state-owned enterprise that conducts both commercial and non-commercial activity.
What does Ogcc mean?
OGCC
| Acronym | Definition |
|---|---|
| OGCC | Oil and Gas Conservation Commission (various states) |
| OGCC | Office of the Government Corporate Counsel (Philippines) |
| OGCC | Orna Golf & Country Club (Malaysia) |
| OGCC | Open Group Customer Council |
Is BSP a GOCC?
The Bangko Sentral ng Pilipinas (BSP) topped the list of GOCCS with the highest dividend contributions, having remitted P40. 53 billion; followed by the Philippine Deposit Insurance Corp. (PDIC) with P17. 98 billion and the Philippine Amusement and Gaming Corp.
What are GOCCs give examples?
82 billion worht of cash advances, equity, and subsidy to six GOCCs — National Food Authority (NFA), National Electrification Administration (NEA), Manila Waterworks and Sewerage System (MWSS), Local Water Utilities Administration (LWUA), Philippine National Railways (PNR), and Light Rail Transit Authority (LRTA).
What is RA No 10149?
10149 (RA No. 10149), otherwise known as the “GOCC Governance Act of 2011”, as the central policy-making and regulatory body mandated to safeguard the State’s ownership rights and ensure that the operations of GOCCs are transparent and responsive to the needs of the public.
What are the duties and responsibilities of GOCCs?
A: It is a central advisory, monitoring, and oversight body with authority to formulate, implement and coordinate policies to govern Government-Owned or-Controlled Corporations, which shall be attached to the Office of the President.
What is the law office of the government?
When authorized by the President or head of the office concerned, it shall also represent government-owned or controlled corporations. The Office of the Solicitor General shall constitute the law office of the Government and, as such discharge duties requiring the services of a lawyer.
Is Landbank a government bank?
About LANDBANK The Land Bank of the Philippines is a government financial institution that strikes a balance in fulfilling its social mandate of promoting countryside development while remaining financially viable.