13
Sep
10

Hail to Executive Order Number 7

Finally, on September 8, P-Noy put a temporary halt to what have been the simplest form of social injustice and typical display of the absence of integrity on the part of GOCC and GFI officials who have, for many years, enriched themselves with fat bonuses and excessive perks. Millions of government funds are spent each year to pay these shameless conscienseless officials whose primary qualification to get the job is to be an ally of the President – the appointing authority. Of course at the expense of the Filipino people, who else? While an ordinary government employee, who goes to work 8 hours a day, 5 days a week, gets an average pay of say PHP 150,000 per year, these officials, who only attend board meetings twice a month, get as much as PHP 6 million a year. Isn’t it shameful? This is on top of having to belong to a country where 4 million Filipinos barely eat 3 times a day and 3,000 others go out of the country everyday due to poverty.

All in all, more than a hundred GOCC’s were found to be enjoying these fat bonuses including 14 losing government corporations. All it takes, is a board resolution granting themselves such bonuses and whola! It’s in the pocket. Worse, in the case of SSS, their own board members are sent to represent SSS to other boards where SSS have an investment like the Union Bank, in no time, they found themselves swimming in cash from the perks and other hefty compensations including profit sharing and other benefits.

President Benigno S.C. Aquino, III

No matter how these officials try to justify these pays using different excuses and alibis, no amount of explanation will elucidate the act. It is clearly a manifestation of abuse of power, selfishness and corrupt practice. This should be prohibited and if possible brought to court to make these officials answerable for their deeds.

This just got to stop, the Filipino people can no longer stand to tolerate such abuses, not now, not later, not ever again. Despite, the president’s shortcomings on the recent hostage crisis, which I truly believe to have affected our trust ratings on him, including mine, Im still glad we have one Noynoy Aquino, leading us and doing this. I still trust he will continue to do what is right and what is just for every Filipino.

Malacanan Palace by the Pasig River

The suspension until December 31, 2010, per Executive Order #7, of the granting of allowances, bonuses, incentives, and other perks to members of the board of directors/trustees of GOCCs and GFIs, except for reasonable per diems, pending the issuance of new policies and guidelines on the compensation of these board members is a good start. Their benefits need to be regulated accordingly. While it is true that they protect billions worth of assets of these GOCC’s, the many millions they ask these corporations to pay them is quite too much, exorbitant and way overboard. And eventually resulted into a selfish act of corruption in its own way- mindless of the general welfare. A lot of sweeping needs to be done. Before these parasites take over our coffers.


2 Responses to “Hail to Executive Order Number 7”


  1. September 20, 2010 at 4:46 am

    Sir, are there positive effects regarding PNOY’s executive order? As i had read your article it is almost accumulated with negative stand points regarding the EO, in which I think in my own prerogative unfair, I was’nt able to see positive impact if there;s any. Hope to see, affirmative response regarding this matter. thanks

    • September 20, 2010 at 5:27 am

      Hello Marfel:

      Dont worry, I share the same sentiments with you. The title itself connotes positive response to the President’s executive order. In fact, I praise him for doing the right thing in issuing executive order number 7.If you try to re read the last 2 paragraphs, you will realize the positive impact (in my opinion)of his (the president) recent action. He did the right thing there. On one hand, I had to explain the negative results of the abuses by GOCC Officials. Daily, in the news, you will hear how these GOCC Officals enjoy unjustifiable compensations, which in my estimation, is very unfair and unjust, so I expressed it in the first 3 paragraphs of this blog.

      Surely, there is no doubt EO #7 is what we need.

      Thanks for sharing you thoughts.


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