Ayala Land, Inc. was awarded a certificate of recognition for being one of the TOP FIVE Philippine Publicly Listed Companies of the 2007 ICD Corporate Governance Scorecard. The award was given by the Institute of Corporate Directors (ICD), in collaboration with the securities and Exchange Commission (SEC), the Philippine Stock Exchange (PSE) and the Ateneo Law School. The award ceremonies were held yesterday, January 8, at the Hotel Intercontinental Manila, Makati City.

ICD Certificate of Recognition

ICD has been at the forefront of promoting corporate governance reforms in the country. It has initiated a corporate governance scorecard (CG-Sc), which is envisioned as a tool that public corporations can use to rate and benchmark their corporate governance practices relative to global and regional standards.

Other winners include Ayala Corporation, Globe Telecom, Bank of the Philippine Islands and PLDT.

Source: Ayala Land Inc. Article Listing

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The Ayala Group’s embrace of good corporate governance has won it further accolades.

Except for telecommunications giant Philippine Long Distance Telephone Co., four out of the top five companies with the highest corporate governance scores among listed companies comprised the Ayala Group — Ayala Corp. (one of the oldest highly diversified conglomerates in the country) and its subsidiaries Ayala Land, Bank of the Philippine Islands and Globe Telecom.

Rounding out the top 10 companies that secured honors for corporate governance is Ayala-led utility firm Manila Water Co.

The survey, which covered 135 publicly-listed companies, is a joint undertaking between the Institute of Corporate Directors, the Securities and Exchange Commission and the Philippine Stock Exchange.

In the 2007 Corporate Governance Scorecard, the top five companies had an average score of 94 percent while the next five had an average score of 90 percent.

“The Ayala Group is very close to perfect. They continue to improve their corporate governance year after year,” said ICD chairman Jesus P. Estanislao.

Estanislao said the average score for listed companies covered by the survey was 65 percent. The telecommunications sector reaped the highest scores in terms of corporate governance.

The survey is based on five internationally recognized corporate governance principles namely, shareholder rights, shareholder equity, roles of stakeholders, disclosure and transparency and board responsibilities.

“In other words, the level of corporate governance practice among the best governed publicly listed companies in the Philippines is already at par with the best in East Asia, which happens to be the region with the best record of improvement in this regard,” Estanislao said.

Ayala Corp. chief executive officer Jaime Zobel De Ayala II has pointed out that taking steps to improve governance has a long-term, positive impact on a firm’s bottom line and winning investor confidence.

Source: Ayala Land Inc. Article Listing

August 18, 2008

Ayala Corporation The Best Managed Company

BWorld 6/16/2008

Ayala Corporation is the Philippines’ best managed company, according to FinanceAsia, a regional magazine on Asian financial markets. In its eighth annual poll of Asia’s top companies among 167 institutional investors and equity analysts in the region, FinanceAsia also cited Ayala as best in corporate governance and third best in investor relations and strong dividend policy among blue-chip Philippine companies. Globe Chief Finance Officer Delfin Gonzalez, Jr. was once again named best CFO, followed by Ayala Treasurer Ramon G. Opulencia. Listed Ayala companies figured prominently in all categories. Ayala also ranked first in the category “Best for Responsibilities of Management and Board of Directors” among Philippine companies in AsiaMoney’s corporate governance poll.

August 18, 2008

Ayala Land, Inc. is Country’s Most Admired Company

Ayala Land, Inc., the country’s premiere property developer, was voted the most admired company overall in a recent survey of the “200 Most Admired Companies in the Philippines” conducted by The Wall Street Journal Asia. Ayala Land improved from its fourth place position in the 2006 survey and edged previous no. 1 Jollibee Foods Corp. – garnering an average score of 4.28 points over Jollibee’s 4.18 points.

Jaime I. Ayala, President of Ayala Land, Inc., said: “We are very proud of and deeply honored by this recognition. The Wall Street Journal is one of the most highly respected publications globally and topping this survey as the most admired company in the country is a result of the tremendous dedication and hard work of all our employees and a reflection of the trust in the Ayala Land brand that resonates deeply with our partners and Filipinos all over the world.”

The survey, conducted from May 11 to June 3, 2007, was participated in by 2,477 executives and professionals in the country. Respondents were asked to rank top local firms based on five attributes namely, company reputation (which includes corporate governance, social, and environmental policies); quality of products and services; management’s long-term vision; innovativeness in responding to customer needs; and financial soundness. A company’s overall leadership ranking is then derived from the different performances in each individual attribute.

In addition to achieving the top overall ranking, Ayala Land also finished second in long-term vision, corporate reputation (behind parent Ayala Corporation in both categories), and quality of products and services, while also being regarded as the fifth most innovative company in the country.

The survey cited the growing Philippine economy, with increased consumer spending and a burgeoning business process outsourcing industry as well as an attractive overseas Filipino market as the primary demand drivers for real estate.

For its part, Ayala Land has been able to capitalize on these positive trends by developing innovative and differentiated products across the broad property spectrum which are holistically planned, attract top merchants and locators and have a track record of above average value appreciation over time.

In addition, the company has been tapping into the significant buying power of the Overseas Filipino market for many of its residential projects. Last year, the company’s sales from the OF market accounted for nearly a third of its total residential revenues.

Source: Ayala Land Inc. Article Listing