Governance at Ayala

“Governance in the public and private sectors are ways for us to differentiate ourselves as a country. In the private sector, governance remains a very important component of how we see ourselves and the kind of standards we want to reach. It is something we continue to improve on and learn from.”

Jaime Augusto Zobel de Ayala
Ayala Corporate Governance Summit, February 2015

“It is imperative that enterprises create and enforce stronger ethical standards in the governance of business. This will go a long way in building investor confidence, which then translates to tangible benefits such as lower cost of capital, better valuations, and, ultimately, sustained growth.”

Fernando Zobel de Ayala
Financial Executives Institute of the Philippines Inaugural Meeting, January 2015

 

RAISING THE BAR OF GOOD GOVERNANCE

Responsible corporate governance is a constant and priority commitment of Ayala.

We consider good governance as a means of ensuring long-term sustainability and relevance in the rapidly changing markets where we compete. More positively, we see it as a principal driver of growth, value creation, and competitiveness.

Governance comprises mechanisms of disclosure, transparency, responsibilities of the Board of Directors and Management, and the rights and equitable treatment of shareholders. For these structures and processes to be diligently implemented, we see to it that they are supported by mechanisms that enable employees at all levels to keep alive governance practices that ensure the highest ethical standards and strictest regulatory compliance.

Ayala is in full compliance with the Code of Corporate Governance and its corporate governance practices have been consistently cited in various polls and publications locally and in the region. Poll results published by Asiamoney ranked Ayala among the best in the Philippines for Corporate Governance, Disclosure and Transparency, Responsibilities of the Management and the Board of Directors, and Corporate Social Responsibility. Ayala was ranked first in Corporate Governance in the country by FinanceAsia and Alpha Southeast Asia in 2014.

We see governance as a key factor in maintaining Ayala as a trusted provider of its customers’ needs, an attractive investment proposition, a valuable business partner, a judicious supporter of government’s development goals, and a significant contributor to improving people’s lives.

By going beyond legal compliance, we are committed to raising the bar of good governance for ourselves, the business community, and the Philippine economy.

As we reiterate the established objectives of corporate governance, we cite the structures and processes that Ayala has established to enable our board, management, and employees to achieve these objectives.


Explore CORPORATE GOVERNANCE

GOVERNANCE AT AYALA STAKEHOLDER RELATIONS
    Articles of Incorporation     Role of Stakeholders
    By Laws     Rights of Shareholders
    Corporate Governance Manual     Treatment of Minority Shareholders
      Disclosure and Transparency
ANNUAL CORPORATE GOVERNANCE REPORT     Investor Relations Program
ASEAN CORPORATE GOVERNANCE SCORECARD     Corporate Social Responsibility
BOARD MATTERS     Employee Relations, Training and Development
    Composition INTEGRATED RISK MANAGEMENT
    Appointment      Enterprise Risk Profile
    Committees and Charters      Group Risk Management Approach
    Meetings and Attendance      Risk Policy
    Remuneration      Control System
    Continuing Education & Performance Evaluation INTERNAL AUDIT AND CONTROL
BUSINESS CONDUCT AND ETHICS ANNUAL STOCKHOLDERS' MEETING MINUTES AND VOTING RESULTS
    Code of Conduct DEFINITIVE INFORMATION STATEMENTS
    Policy on Conflict of Self-Interest     GENERAL INFORMATION SHEETS
    Whistleblower Policy  DISCLOSURES
   
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