Policy on Related Party Transaction
Governance > Business Conduct & Ethics > Policy on Related Party Transaction
Ayala Corporation ("Corporation") recognizes the fiduciary responsibility of its board of directors to ensure the integrity of the Corporation's related party transactions (RPTs) for the protection of all shareholders' interest. To aid in the performance of this duty, this policy is adopted to:
- define related party relationships and transactions;
- provide guidance in the review, approval, and disclosure of RPTs to ensure that they are at arm's length, and the terms are fair, and will inure to the best interest of the Corporation and all its shareholders; and
- promote the objectives of the Securities and Exchange Commission (SEC) Rules on Material Related Party Transactions for Publicly-Listed Companies.
The Risk Management and Related Party Transactions Committee ("Committee") is tasked with overseeing the implementation of this policy.