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Compensation task force to miss deadline (Moratorium on GOCC pay.
A TASK force created to review compensation at state-owned firms has asked for more time to complete its task, officials yesterday said.
The request came as a Palace-ordered suspension of allowances, bonuses, incentives and pay hikes at 178 government-owned and -controlled corporations (GOCCs) and government financial institutions (GFIs) will expire next week.
"The deadline set in the EO (executive order) was Dec. 31 but we asked [President Benigno S. C. Aquino III] for a one-month extension," Civil Service Commission Chairman Francisco P. Duque III told BusinessWorld yesterday.
Mr. Aquino issued EO 7 last September in a bid to strengthen the supervision of …
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