Marcos orders all CEOs of Philippine government-owned corporations to quit
MANILA: Philippine President Ferdinand Marcos Jr. has ordered all ranking executives of government-owned and controlled corporations to resign, days after asking his Cabinet members to step down.
All appointed chairpersons, CEOs, directors, trustees, and members of governing boards of government-owned and controlled corporations were asked to 'immediately submit their respective courtesy resignations to the President through the Office of the Executive Secretary,' according to a notice from the Governance Commission for GOCCs, which was released on Wednesday.
The move follows Marcos' request last week for his government members to render their resignations as he attempted to address the public's dissatisfaction over his administration's performance.
Most of his Cabinet secretaries have either immediately submitted their resignations or expressed their readiness to do so.
'This process is part of a rigorous and ongoing evaluation of government performance not only at the Cabinet level but across the entire bureaucracy,' Lucas Bersamin, executive secretary of the Philippines — the head and highest-ranking official of the Office of the President — told reporters on Thursday.
'The people expect results, and the president has no patience for underperformance. In line with this, the president has also instructed the heads of government-owned and controlled corporations to submit their courtesy resignations. He has further indicated that senior officials will likewise be included in the continuing review.'
Marcos' decision to reshuffle the Cabinet and leadership of state-owned corporations follows his allies' failure to secure a majority of contested Senate seats in the May 12 midterm elections, raising questions about his weakened mandate for the remaining three years of his term, which ends in 2028.
The son of the late Philippine dictator who was overthrown in 1986, Marcos won the presidency by a landslide in 2022 after campaigning on a message of national unity and presenting himself as a candidate of change.
Public support for the 67-year-old leader has, however, dropped sharply this year, with Pulse Asia surveys showing his approval rating falling to 25 percent in March, from 42 percent in February.
The survey showed that a majority of Filipinos disapproved of the Marcos administration's handling of the most pressing issues, including controlling inflation and combating corruption, with disapproval rates at 79 percent and 53 percent, respectively.
The bureaucrats and executives affected by the president's decision will continue in their roles unless and until the Office of the President issues further directives or formally acts on their resignations.
'All these people who offered their courtesy resignations are expected to continue performing their functions, discharging their duties until their replacements have been appointed,' Bersamin said.
'And that is expected of all public servants; no one abandons because that is part of the obligation of a public servant.'
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