The PCNC Board has put out the following guidelines according to principles of good governance which are seriously considered in evaluating organizations applying for PCNC certification:

1.  Since interlocking relationships can increase the difficulty of exercising the level of independent judgment expected among members of the Board of a non-stock, non-profit organization, it is therefore advisable that there be at least one (1) independent trustee on the Boards of corporate foundations, family foundations, and organizations run by religious congregations.

2. To ensure checks and balances and avoid even the mere perception of conflict of interest, the chairman/president and the treasurer should not be related by affinity or consanguinity up to the 2nd degree (e.g. spouse, sibling, parent or child).

Further, since the audited financial statements are important in PCNC's evaluation of an organization's transparency, accountability, and sustainability, the following items are expected to be part of the Financial Statements submitted to PCNC:

1. Statement of Assets, Liabilities and Fund Balance
2. Statements of Revenue and Expenses
3. Statements of Comprehensive Income
4. Statements of Changes in Fund Balance
5. Statement of Cash Flows
6. Notes to Financial statements –must include Information about the organization, Summary of Significant Accounting Policies and detailed explanation on the figures presented in the Balance Sheet and Income Statement
7. Must carry an Auditor's Opinion and Statement of Management Responsibility
8. Must follow Philippine Financial Reporting Standards (PFRS)
9. Must be audited by an independent external auditor registered with the PRC and BIR, and accredited by the Board of Accountancy (BOA)

(The Statements must be comparative between the year audited and the previous year.)

On May 24 this year, PCNC held its 11th Annual Assembly attended by over 300 participants. Some of the highlights of the said affair were PCNC’s report on its experience and accomplishments in the past year, induction of new members, and election of new Board members.