Ayala Land Inc. is once again recognized for its outstanding corporate governance practices by the Securities and Exchange Commission and the Institute of Corporate Directors after being named one of the top publicly-listed companies at the 2019 SEC-ICD ASEAN Corporate Governance Scorecard Awards. The virtual awards ceremony was held on January 29, 2021.
ALI ranked among the Top 3 publicly listed companies in the Philippines and Top 20 in the ASEAN region based on the 2019 ASEAN Corporate Governance Scorecard Assessment of the ASEAN Capital Markets Forum (ACMF), which was organized in partnership with the Asian Development Bank.
“Reflecting its strong and consistent adherence to good corporate governance practices, Ayala Land is part of the prestigious ASEAN Asset Class PLCs that scored a minimum of 97.5 points in the scorecard. Together with Ayala Land and Globe, Ayala Corporation and BPI were also recognized for this honor,” said the ACMF.
As part of its efforts to promote regional integration and the ASEAN region as an asset class, the ACMF and ADB have jointly developed the ASEAN Corporate Governance Scorecard as an assessment based on publicly available information and benchmarked against international best practices on corporate governance.