MALACAÑAN PALACE
MANILA
BY THE PRESIDENT OF THE PHILIPPINES
[ Memorandum Order No. 305, October 18, 1972 ]
CONSTITUTING A CABINET PERFORMANCE EVALUATION TASK FORCE TO REVIEW AND EVALUATE PERFORMANCE AUDITS ON THE DEVELOPMENT BANK OF THE PHILIPPINES, THE PHILIPPINE NATIONAL BANK, THE SOCIAL SECURITY SYSTEM AND THE GOVERNMENT SERVICE INSURANCE SYSTEM.
Pursuant to Administrative Order No. 271, series of 1971, there is hereby constituted a Cabinet Performance Evaluation Task Force to review and evaluate the performance audits conducted on the government financial agencies/institutions indicated hereunder. The Cabinet Task Force is composed of the following:
Hon. Cesar Virata
Secretary of Finance |
Chairman |
Hon. Alejandro Melchor
Executive Secretary |
Member |
Hon. Vicente Paterno
Chairman, Board of Investments |
Member |
Hon. Gerardo Sicat
Chairman, National Economic Council |
Member |
The Cabinet Task Force will be assisted by a secretariat consisting of Performance Evaluation Teams to undertake the performance audit of specific financial institutions. The teams will consist of the following:
To audit the Development Bank of the Philippines:
Mr. Joselito Gallardo
Development Management Staff |
Chairman |
Mr. Eugenio Ocampo
National Computer Center |
Member |
Mrs. Lina Javier
Presidential Economic Staff |
Member |
Representative of the Development
Bank of the Philippines |
Member |
To audit the Philippine National Bank:
Mr. Gabriel Itchon
Central Bank of the Philippines |
Chairman |
Mr. Silvestre Sarmiento
Budget Commission |
Member |
Mr. Roberto Abling
Presidential Economic Staff |
Member |
| Representative of the Philippine National Bank |
Member |
To audit the Social Security System:
Mr. Victor Macalincag
Department of Finance |
Chairman |
Mr. Fermin Javier
National Computer Center |
Member |
Mr. Edmundo Bulatao
Development Management Staff |
Member |
Representative of the Government
Social Security System |
Member |
To audit the Government Service Insurance System:
Mr. Luis Mirasol, Jr.
Director, Development Management Staff |
Chairman |
Mrs. Josefina Segui
Presidential Economic Staff |
Member |
Mr. Simeon Ventura
National Computer Center |
Member |
Representative of the Government
Service Insurance System |
Member |
The Performance Evaluation Teams will undertake and conduct the audits within the following guidelines and terms of reference:
1. To review, evaluate and determine measures and polices to ensure that these, financial institutions will he fully responsive to the needs of an accelerated development program, especially in land reform, export expansion and development, agricultural production and regional development, industrial expansion and dispersal, and economic growth with more equitable income distribution.
2. To review, evaluate and appraise the performance of these institutions in the context of their respective responses to the previous performance audits.1aшphi1
3. To review and evaluate the composition and structure of these institutions’ investment and loan portfolios, in the context of providing financial support to the program of accelerated development and reform.
4. To formulate and recommend policies and measures to he instituted, in order to achieve the development and reform objectives of the New Society.
In the conduct of performance audits, Performance Teams shall he guided by the provisions of Administrative Order No. 271, series of 1971, and the Development Performance Evaluation System Operations Manual compiled pursuant thereto.
Activities related to the conduct of performance audits shall take precedence over all other duties, and for this purpose, all team members, are hereby placed under the full-time operational control of their respective Team and Assistant Team Leaders, for the duration of the audit.
Transportation requirements for the performance audits shall be provided by the Agencies scheduled for audit. Administrative and technical support shall be provided by the Development Management Staff, Executive Office and the Development Performance Evaluation System Secretariat.
Performance audits of the designated agencies shall commence simultaneously on 16 October 1972 and shall be conducted for a period of not more than twenty-two working days. The Final Report of each Performance Team shall be submitted to the Executive Secretary, Office of the President, not later than 16 November 1972 for transmittal to the President.
All bureaus, offices agencies and instrumentalities of the DBP, the PNB, the SSS and the GSIS to cooperate with and assist the Performance Teams accomplish their assigned tasks, consistent with the aims of the Development Performance Evaluation System and the instructions of the President.
By authority of the President:
(Sgd.) ALEJANDRO MELCHOR
Executive Secretary
Manila, October 18, 1972
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