Marcos orders GOCC heads to quit

President Ferdinand R. Marcos, Jr. has ordered the heads of state-owned companies to quit, a week after a similar order on his Cabinet secretaries that some see as an attempt to salvage whatever political capital he has left during the second half of his single six-year term.

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In a May 26 notice posted on its website, the Governance Commission for Government-Owned or -Controlled Corporations (GCG) under the Office of the President said state companies are covered by the Palace order on courtesy resignations dated May 21.

This is in line with “the President’s announced intention to recalibrate and realign his administration’s policies and priorities with the people’s expectations,” GCG Chairman Marius P. Corpus said in the notice.

All non ex-officio chairpersons, chief executive officers (CEO) and appointive directors/trustees/members of GOCC governing boards have been ordered to submit their courtesy resignations.