Drilon sees need to regulate GOCCs

MANILA -- Senator Franklin Drilon said Saturday that 73 percent of the respondents on a Social Weather Stations (SWS) survey see a need for regulation on bonuses and allowances given to executives of state-owned firms.

SWS conducted the commissioned survey in November through face-to-face interviews with 1,200 respondents.

Drilon, author of a bill to form a council to oversee government-owned and controlled corporations (GOCCs), said the results show overwhelming support for reforms in state firms.

u201cWe need this law to regulate GOCCs, a majority of which had enjoyed a virtually unregulated environment in years," the senator said.(Jonathan de Santos/Sunnex)

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