Code of Conduct

Governance  > Business Conduct & Ethics > Code of Conduct

Integrity is one of Ayala's core values. Strictly abiding by the principle of "doing the right thing" has earned for the company its strong position of trust among its stakeholders. Ayala believes that integrity starts with the individual; thus, we strive to maintain an exceptional standard of conduct among our employees.

This Code of Conduct applies to all Ayala employees, including senior executives and members of the Executive and Management Committees. It provides an outline of the general expectations and sets standards by which employees are expected to conduct themselves. As it does not cover every conceivable subject, it is recommended that employees refer to its general principles to guide them in their activities. It must be read in conjunction with the company's Human Resources Manual of Policies and Procedures and the Employee Handbook.

This Code of Conduct is composed of two parts - 

Part I - Business Conduct and Ethics

  1. Compliance
  2. Fair Dealing
  3. Confidentiality of Information
  4. Proper Use of Company Assets and Resources
  5. Conflict of Interest
  6. Outside Employment
  7. Insider Trading
  8. Anti-Bribery and Anti-Graft Policy

PART II – Implementation and Monitoring



Ayala expects its employees to conduct business in accordance with Philippine laws and regulations. Employees are encouraged to consult with Legal and Compliance whenever there is any doubt concerning the legality of any matter.

Any suspected criminal violations will be reported to the appropriate authorities. Non-criminal violations will be investigated and addressed as appropriate.


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