AYALA Land, Inc. (ALI) was named one of the top publicly listed companies at the Securities and Exchange Commission-Institute of Corporate Directors ASEAN Corporate Governance Scorecard Awards.
The property developer ranked among the Top 3 publicly listed companies (PLC) 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).
“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,” ACMF said.
The ACMF and Asian Development Bank jointly developed the ASEAN Corporate Governance Scorecard as an assessment based on publicly available information and benchmarked against international best practices on corporate governance.
“This award is very meaningful to our company, especially since good corporate governance has always been integral to the way we do business and has been a pillar in executing our plans. With the onset of COVID-19, its importance is highlighted now more than ever as we pivoted to adapt to this ‘next normal,’” ALI President and Chief Executive Officer Bernard Vincent Dy said in a statement.