Continuing Education and Performance Evaluation

Governance  > Board Matters > Continuing Education and Performance Evaluation

The company sets an annual training budget for the directors and encourages new directors to attend an orientation program in corporate governance.

The directors of the Corporation, in their own capacity, attend education programs, seminars, and roundtable discussions with service providers such as the ICD.

Since 2014, all of our directors attended a Corporate Governance Seminars which were facilitated by the Institute of Corporate Directors, Inc. (ICD) and Sycip Gorres Velayo and Co., Inc. Since 2014, all of our directors and officers attended the a Corporate Governance Seminars which were facilitated by the Institute of Corporate Directors, Inc. (ICD) and Sycip Gorres Velayo and Co., Inc. (SGV). The directors of the Corporation, in their own capacity, attend education programs, seminars, and roundtable discussions with service providers such as the ICD and SGV.Since 2014, a group-wide Corporate Governance and Risk Management Summit has been held annually as part of the continuing education program for the Board, CEOs, and senior management. This provides a venue to promote the importance of governance and impart the significance of being innovative and adaptive to changes.

In March 2016 and August 2017, the group held its summit with the themes of “Enabling Business Growth in Highly Regulated Industries” and Right of Privacy and Obligation of Transparency. As required by the Securities and Exchange Commission, all  programs were conducted by a ICD, a SEC-accredited training provider, and lasted for four  (4) hours.  The Corporate Governance Seminars conducted by SGV also lasted for four (4) hours. 

Consistent with the Guidelines in Conducting Performance Assessments, the Board conducts annual survey to evaluate the performance of the Board and its individual members, measure the effectiveness of the Company's governance practices and identify areas for improvement, and adopt new methodologies to further strengthen the Company's corporate governance standards. The self-assessment tool will cover the 1) structure of the Board, 2) shareholder benefit, 3) fulfillment of the Board's key responsibilities, 4) oversight function, 5) effectiveness of the Board's processes and meetings, 6) quality of the Board-Management relationship, 7) code of ethics and 8) performance evaluation.

In-house training and external courses attended by the Directors and Management

In the past three years, directors and senior management of Ayala have attended several in-house training and external courses:

  • Ayala-LEAP (Ayala Leadership Acceleration Program)
  • EAGLE (Emerging Ayala Group Leaders Program)
  • The Leadership Circle (integrated within Ayala-LEAP and EAGLE)
  • LEAP Alumni Learning Series (presentations by visiting professors and practitioners in the fields of customer centricity, strategy, leadership, etc.)  
  • Executive Coaching
  • Ayala Group Corporate Governance Summit
  • Corporate Governance and Risk Management for Banks
  • Corporate Governance Orientation Program by the Institute of Corporate Directors (ICD)
  • Corporate Governance Seminar by SyCip Gorres Velayo & Co. (SGV) on July 2014
  • Ayala Group Sustainability Summit
  • Ayala Group Corporate Governance and Risk Management Summit held on 4 February 2014
  • Ayala Group Corporate Governance Summit held on 18 February 2015
  • Corporate Governance Seminar by SGV on December 8, 2015
  • Ayala Corporation Corporate Governance and Risk Management Summit held on 8 March 2016
  • CFA Phils Financial Modeling & Valuation, March 14-15, 2016
  • Corporate Governance Seminar by SGV on April 11, 2016
  • ECOP BOSH Certificate, May & August 2016
  • Strategic Risk Forum, May 17, 2016, Singapore
  • Project Management Institute – Project Management Fundamentals, June 20-24, 2016
  • Certified Knowledge Manager, June 20 – 24, 2016, Virginia USA
  • BSI Audit Training, June 20-24,2016, Singapore
  • CINO Summit, June 28-July 1, 2016
  • IIA International Conference, July 17-20, 2016, NYC, USA
  • CIO Summit, July 24-27, 2016, Bhutan
  • ECC International HR Metrics & Analytics, August 2-3, 2016
  • SEC Corporate Governance Forum on August 3, 2016
  • Harvard Comparative Tax Policy on August 15-26, 2016 at Boston MA, USA
  • Tourism Security Conference, August 24-25, 2016, Singapore
  • ECC International Crisis Communication Planner, September 1-2, 2016
  • Customer Experience Management Summit, September 6-7, 2016, Singapore
  • Distinguished Corporate Governance Speaker Series on October 7, 2016 by the ICD
  • Corporate Governance Seminar by SGV on December 9, 2016
  • Strategic Negotiations Program on January 9 – 13, 2017
  • Financial Modeling and Valuation on March 13-14, 2017
  • Corporate Governance Seminar by SGV on February 27, 2017
  • Distinguished Corporate Governance Speaker Series on May 10, 2017 by the ICD
  • Risk Financing & Transfer Solutions on May 18, 2017 by Asia Risk Management Institute
  • Employee Benefits Asia on May 18-19, 2017, Singapore
  • Rapid Earthquake Damage Assessment System Training on June 5-10, 2017
  • Integrated Learning on Innovation on  June 21-22, 2017 by IXL Center
  • HPE Philippines Executive Summit on July 5-7, 2017
  • Understanding Corporate University on July 7, 2017
  • Risk Based Auditing: A Value Add Proposition on July 21-22, 2017
  • IIA International Conference on July 23-26, 2017, Australia
  • Flexible Work Arrangements in PH on July 26, 2017 by PMAP
  • Corporate Governance Seminar by SGV on July 26, 2017
  • Level-Up Leadership on July 27-28, 2017 by Francis Kong
  • BCM5000 ISO 22301 BCMS Expert Implementer on July 31 – August 4, 2017, Singapore
  • Ayala Corporate Governance and Risk Management Summit on August 11, 2017
  • The Accidental Project Manager on August 11-12, 18-19, 2017
  • Moody's Analytics Intro to Derivatives on August 16-17, 2017
  • Strategic Leadership Communication on August 30 – September 1, 2017
  • Aon Risk Symposium on September 4-6, 2017
  • Data Privacy Learning Session on September 5, 2017
  • Cultivating a Thriving Workforce in an Era of Disruption on September 21-22, 2017
  • UN Global Compact Leaders Summit on September 23-24, 2017, USA
  • Microsoft Envision: Digital Transformation on September 25-27, 2017
  • Corporate Governance Conference on September 26, 2017
  • Leadership for Social and Economic Renewal on September 29-30, 2017 by the Center of Asia Leadership
  • People Management Association of the Philippines Conference on October 11-12, 2017
  • Innovations in Library Tech, Communications Resources and Services on October 11-13, 2017
  • Advance Cash Flow Management and Working Capital Optimization on October 16-17, 207
  • Moody's Advanced Financial Statement Analysis on October 16-18, 2017, Hong Kong
  • Adversity Quotient/GRIT Workshop on October 20, 2017
  • Formulating and Manualizing Policies and Procedures on October 23, 2017
  • Certificate in the Foundations of Organization Development on October 23-27, 2017
  • Risk LEADERS Masterclass on October 30 – November 1, 2017
  • Simplified Strategic Planning on November 2-3, 2017
  • Ayala HR Summit on November 7, 2017
  • Transformation in an Era of Disruption on November 9, 2017
  • Pan-Asia Risk and Insurance Management Association on November 14-15, 2017
  • Knowledge Management Asia Conference on November 15-16, Hong Kong
  • Advanced Certificate for Executive Personal Assistants on November 20-24, 2017, Singapore
  • Ayala Innovation Conference on November 22, 2017
  • SEC 2017 Annual Disclosure Seminar on November 27, 2017
  • Corporate Governance Seminar by SGV on December 6, 2017
  • Conference on Intellectual Capital and Knowledge Management on December 7-8, 2017, Hong Kong
  • Treasury Operations Certificate Program on December 7-9, 14-16, 2017
  • Distinguished Corporate Governance Speaker Series on February 13, 2018 by the ICD
2017 Corporate Governance Training of Directors

In 2017, the members of the Board of Directors of the Company attended the following Corporate Governance Seminar:

Name of Director Date of Training Program Name of Training Institution
Jaime Augusto Zobel de Ayala August 11, 2017 Ayala Group Corporate Governance and Risk Mangement Summit  ICD
Fernando Zobel de Ayala August 11, 2017 Ayala Group Corporate Governance and Risk Mangement Summit  ICD
Delfin L. Lazaro May 10, 2017 Distiguished Corporate Governance Speaker Series ICD
Keiichi Matsunaga August 11, 2017 Ayala Group Corporate Governance and Risk Mangement Summit  ICD
Xavier P. Loinaz August 11, 2017 Ayala Group Corporate Governance and Risk Mangement Summit  ICD
Antonio Jose U. Periquet February 27, 2017 Corporate Governance Seminar SGV
February 13, 2018 Distiguished Corporate Governance Speaker Series ICD
Ramon R. del Rosario, Jr. July 26, 2017 Corporate Governance Seminar SGV
Annual Performance Assessment

The Board conducts an annual performance assessment to review and evaluate the performance of the Board, its Committees, and its individual members to measure the effectiveness of the company’s governance practices and identify areas for improvement; and to adopt new methodologies towards further strengthening the company’s corporate governance standards.

Each of the directors will complete a self-assessment form which includes criteria such as: (1) structure of the Board, (2) shareholder benefits, (3) fulfillment of the Board’s key responsibilities, (4) oversight function, (5) effectiveness of the Board’s processes and meetings, (6) quality of the Board-management relationship, (7) corporate ethics, and (8) performance evaluation.

In 2017, the results of the self-assessment survey were compiled by the Compliance Officer and were reported and discussed during the June 22, 2017 Board meeting immediately following the completion of the survey.

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