PAGCOR rated “excellent” on 2020 Corporate Governance Scorecard

PAGCOR has been awarded an “excellent” rating in its 2020 Corporate Governance Scorecard (CGS) Assessment.

The Philippines.- The Philippine Amusement and Gaming Corporation (PAGCOR) has increased its cap, earning an “excellent” rating in its 2020 Corporate Governance Scorecard (CGS) assessment from the Governance Commission for Government-Owned or Controlled Corporations (GCG).

In its Scorecard Validation report, GCG stated, “PAGCOR has clear and strong lines of communication that allow the agency to respond quickly and efficiently to customer requirements and public needs to ensure consistent quality service.”

PAGCOR Chairman and CEO Andrea Domingo said: “We have been over two years into this pandemic, and similar to many industries, the gaming sector has not been spared.

“In spite of our revenue losses, among other limitations, we remained committed to our regulatory and nation-building mandate. Hence, we continued to touch the lives of less privileged Filipinos. Likewise, we ensured that the government gets its fair share of revenues from regulated gaming.”

The CGS assessment is implemented for all government-owned and controlled companies (GOCCs). It is described as a “quantitatively-driven evaluation tool extracted from existing globally accepted standards and practices.”