President Ferdinand R. Marcos Jr. has directed officials of government-owned and -controlled corporations (GOCCs) to submit their courtesy resignations, the Governance Commission for GOCCs (GCG) announced in a statement on Wednesday.
In an official notice to GOCCs dated May 26, 2025, the GCG urged all agency heads to tender their resignations as part of the President’s broader initiative to evaluate the performance of key government officials.
The move aims to ensure that the administration remains “dynamic, accountable, and responsive” to the evolving needs and expectations of the Filipino people.
According to the memorandum such corporations are considered government agencies under Section 2(4) of the Administrative Code of 1987 and Section 3(k) of Republic Act No. 10149, or the GOCC Governance Act of 2011.
Under these laws, GOCCs are governed by boards whose members represent the State and are accountable for the corporations’ overall governance and operations.
The chairperson of a GOCC board is legally recognized as the “Head of Agency,” while the Chief Executive Officer (CEO), who may hold titles such as President, General Manager, or Administrator, is responsible for managing daily operations.
According to the GCG, all non-ex officio chairpersons, CEOs, and appointive directors or trustees of GOCC governing boards are required to submit their courtesy resignations to the President via the Office of the Executive Secretary.
