I. STAKEHOLDERS RELATIONSHIPS

QUESTION YES / NO REFERENCE LINK
1. Does the GOCC disclose a policy that:
a. Stipulates the existence and scope of its effort to address customer's welfare? NO
b. Elaborates its efforts to interact with the communities in which they operate? NO
c. Ensures that its value chain is environmentally friendly or is consistent with promoting sustainable development? YES Home > Publication ("Office Order No. 11 - Policy on Proper Disposal of Solid/Domestic Wastes")
2. Does the GOCC disclose the activities that it has undertaken to implement the abovementioned policies?
a. Customer health and safety NO
b. Interaction with the communities YES Corporate Social Responsibility
c. Ensures that its value chain is environmentally friendly or is consistent with promoting sustainable development? NO
3. Does the GOCC have a separate corporate social responsibility (CSR) report/section or sustainability report/section? YES Corporate Social Responsibility
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? YES Passenger Information > Customer Service
5. Performance-enhancing mechanisms for employee participation should be permitted to develop.
a. Does the GOCC explicitly mention the health, safety and welfare policy for its employees? NO
b. Does the GOCC publish data relating to health, safety and welfare of its employees NO
c. Does the GOCC have training and development programmes for its employees? YES
d. Does the GOCC publish data on training and development programs for its employees?
6. 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.
a. Does the GOCC have procedures for complaints by employees concerning illegal (including corruption) and unethical behavior? YES Home > Publication ("Policy on Protected Disclosure and Reporting")
b. Does the GOCC have procedures to protect an employee/person who reveals illegal/unethical behavior from retaliation? YES Home > Publication ("Policy on Protected Disclosure and Reporting")

II. DISCLOSURE AND TRANSPARENCY

QUESTION YES / NO REFERENCE LINK
7. Quality of Annual Report
Does the GOCC's annual report disclose the following items:
a. Corporate Objectives NO Transparency ("LRTA Mandates and Functions" or "LRTA Mission, Vision, or Core Values")
b. Financial Performance Indicators YES
c. Non-financial Performance Indicators NO
d. Details of whistle-blowing policy NO
e. Biographical details (at least age, qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of directors/commissioners NO NONE
f. Training and/or continuing education programme attended by each director/commissioner NO NONE
8. Are the Annual Reports downloadable from the GOCC's website? YES
9. Corporate Governance Confirmation Statement
Does the Annual Report contain a statement confirming the company's full compliance with the code of corporate governance where there is non-compliance, identify and explain reasons for each such issue? YES Annex B of "Annual Report 2016"
10. Timely filing/release of annual/financial reports
a. Are the Audited Annual Financial Report/Statement released within 60 days upon receipt from COA? NO
b. Is the Annual Report released within 90 days from release of Audited Financial Report? NO
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? YES

III. RESPONSIBILITIES OF THE BOARD

QUESTION YES / NO REFERENCE LINK
11. Corporate Vision/Mission
a. Has the Board of Directors reviewed the vision and mission/strategy in the last financial year? NO
b. Does the Board of Directors monitor/oversee the implementation of the corporate strategy? YES
12. Did the GOCC achieve 90% in the PES? NO 77.38% only
13. Code of ethics or conduct
a. Are the details of the code of ethics or conduct disclosed? YES Home > Publication ("Code of Conduct for Officials and Employees of the LRTA")
b. Does the GOCC disclose that all Directors/Commissioners, senior management and employees are required to comply with the code? YES Rule 1. Scope of "Code of Conduct for Officials and Employees of the LRTA"
c. Does the company disclose how it implements and monitors compliance with the code of ethics or conduct? NO
14. Does the Board appoint a Nomination and Compensation/Remuneration Committee? YES
15. Did the Nomination and Compensation/Remuneration Committee meet at least twice during the year?
16. If yes, is the report of the Nomination and Compensation/Remuneration Committee publicly disclosed?
17. Does the Board appoint an Audit Committee? YES
18. If yes, is the report of the Audit Committee publicly disclosed?
19. Does at least one member of the Audit Committee have an audit, accounting or finance background (qualification or experience)? YES
20. Did the Audit Committee meet at least four times during the year?
21. Does the Board appoint a Risk Management committee? YES
22. If yes, is the report on Risk Management Committee publicly disclosed?
23. Does at least one member of the Risk Management Committee have a background in finance and investments? YES
24. Board meetings and attendance
a. Are the Board of Directors meetings scheduled at the beginning of the year? (end of Q1) NO It is scheduled monthly via text, email.
b. Does the Board of Directors meet at least monthly? NO No meetings in February, July to October 2016.
c. Did the Board of Directors meet on at least 75% on their scheduled meetings? NO Not applicable because scheduling of meetings does not happen.
d. Has each of the directors/commissioners attended at least 90% of all the board meetings held during the year? NO
e. Did the Board of Directors meet separately at least once during the year without the President/CEO present? NO
25. Access to Information
a. Does the GOCC have a policy that stipulated 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? NO Drafted and already for approval.
b. Is the Board Secretary trained in legal, accountancy or company secretarial practices? YES
26. Internal Audit
a. Does the company have a separate internal audit function? YES
b. Does the appointment and removal of the internal auditor require the approval of the Audit Committee? NO
27. Risk Oversight
a. Does the company disclose the internal control procedures/risks management systems it has in place? YES
b. Does the Annual Report disclose that the Board of Directors/Commissioners has overseen a review of the company's material controls (including operational, financial and compliance controls) and risk management systems?
c. Does the company disclose how key risks are managed? YES
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?
28. Board Chairman
Do different persons assume the roles of Chairman and CEO? NO
29. Board of Directors Development
a. Does the GOCC have the orientation programmes for new Directors? NO
b. Does the GOCC have a policy that encourages Directors/Commissioners to attend on-going or continuous professional education programmes? NO
c. Did all Appointive Directors attend at least 1 training for the calendar year? YES
30. Board Appraisal
a. Is an annual performance assessment conducted of the Board of Directors? YES
b. Does the GOCC disclose the process followed in conducting the Board assessment? YES
c. Does the GOCC disclose the criteria used in the Board assessment? YES
31. Committee Appraisal
Is an annual performance assessment conducted of the Board of Directors Committees? NO