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  • Northrail Manual of Corporate Governance

The North Luzon Railways Corporation (NORTHRAIL) is a wholly owned subsidiary of the Bases Conversion and Development Authority (BCDA) and an attached agency of the Department of Transportation and Communication (DOTC). Its mission is to develop, construct, operate and manage a world-class and environmentally sustainable rail transport system to serve Metro Manila, Central Luzon and Northern Luzon. The governance policy of NORTHRAIL shall be in pursuance of the strategic objectives of the corporation as determined by the Board considering its relationship with BCDA, as holding company, and with DOTC, as the Department with oversight and supervisory authority over transportation projects.

It is the policy of the North Luzon Railways Corporation (NORTHRAIL) to actively promote and pursue corporate governance reforms and to consciously observe principles of accountability and transparency with the utmost degree of professionalism and effectiveness. The Board of Directors of NORTHRAIL hereby adopts this Manual of Corporate Governance to steer the corporate organization toward excellence and competitiveness, locally and globally, thus enabling it to be a valuable partner of the government in national development