SHFC has ranked second among key shelter agencies (KSAs) based on the assessment by the Governance Commission for GOCCs (GCG), a testament to its commitment to delivering quality and efficient public service. The agency garnered a score of 59 percent in the appraisal of GOCC performance in relation to the Corporate Governance Scorecard.
Twenty-seven out of 90 GOCCs evaluated in the actual run held in May 2016 are government financial institutions. They were gauged on three key areas-Stakeholder Relationships, Disclosure and Transparency, and Responsibilities of the Board. The Home Development Mutual Fund topped the KSA ranking with a score of 74.50 percent. The Home Guaranty Corporation (50 percent) and the National Home Mortgage Finance Corporation (47 percent) placed third and fourth, respectively.
The results of the appraisal also show that SHFC is among 48 GOCCs with Corporate Governance Seal, a proof of sound management for adherence to good governance practices. The agency is also included in the list of GOCCs that released annual reports aside from annual financial statements. Designed to raise the standards of GOCCs at par with state-owned enterprises in the ASEAN region, the Corporate Governance Scorecard is comprised of 66 questions used to rate governance policies and practices of GOCCs.