ASEAN Corporate Governance Scorecard

The ASEAN Corporate Governance Scorecard is a corporate governance rating system designed to raise the corporate governance standards of ASEAN countries. The ACGS is implemented to all publicly-listed companies (PLC) across the ASEAN by its Capital Markets Forum, a body composed of the region’s capital market regulators to:

1. Raise corporate governance standards and practices of ASEAN PLCs;
2. Showcase and enhance the visibility as well as "investability" of well-governed ASEAN PLCs internationally; and
3. Complement the other ACMF initiatives and promote ASEAN as an asset class.1

We, at Ayala, are committed to adopting the standards set by the ASEAN Corporate Governance Scorecard to raise the bar of good governance for ourselves, the business community, and the Philippine economy.

Please click the links below to access our 2015 ASEAN Corporate Governance Scorecard:


                                         Level I

                                               Part A      -           Rights of Shareholders

                                               Part B      -           Equitable Treatment of Shareholders

                                               Part C      -           Roles of Stakeholders

                                               Part D      -           Disclosure and Transparency

                                               Part E      -           Responsibility of the Board

                                          Level II        -            Bonus



1Institute of Corporate Directors 

  • Real Estate
  • Water Infrastructures
  • Energy
  • Social Commitment
  • Financial Services
  • Electronic Manufacturing
  • Transport Infrastructure
  • Telecommunications
  • BPO and Education
  • Automotive