WHEREAS. pursuant to the State declared policy of treating Government-Owned or -Controlled Corporations (GOCCs) as significant tools for economic development and the statutorily-mandated obligation of the State to ensure that the governance of GOCCs is carried out in a transparent responsible and accountable manner and with the utmost degrees of professionalism and effectiveness under governing boards which are compenent to carry out their functions fully accountable to the State as its fiduciaries and always acting for the best interests of the State. the Governance Commission for GOCCs (GCG) in the exercise of its mandate under Section 5(c) of Republic Act No 10149. approved the CODE OF CORPORATE GOVERNANCE FOR GOCCs ("CODE") at its En Banc meeting held on 26 April 2012 for formal submission to the President of the Philippines for His Excellency's approval of what would constitute as an organic document for the GOCC Sector.
Item VIII. DISCLOSURE AND TRANSPARENCY REQUIREMENTSSection 43. Mandatory Website – In accordance with Section 25 of the Act, all GOCCs shall maintain a website and post therein for unrestricted public access: