Ayala Corp., one of Southeast Asia’s oldest conglomerates, was recognized as one of the top 50 publicly listed companies in the region and among the top five in the Philippines for excellence in corporate governance. The recognition was awarded at the 2025 ASEAN Corporate Governance Conference and Awards.
Ayala said in a statement its inclusion highlights its corporate governance practices, placing it among leading companies globally for business transparency and accountability, board effectiveness, sustainability and stakeholder engagement.
“At Ayala, we believe that excellence in corporate governance enables decision-making processes and actions that are purposeful and consistent with our objective to build businesses that enable people to thrive,” said Franchette Acosta, Ayala Corp. chief legal officer, compliance officer, corporate secretary and corporate governance group head.
“At the same time, a strong governance ethic is key to maintaining investor interest and confidence. We are truly honored to be granted this distinction, which inspires us to continue with our efforts to do business with integrity, transparency and accountability for the benefit of all our stakeholders,” said Acosta.
The ASEAN CGCA 2025, held July 24 in Kuala Lumpur, Malaysia, honored top publicly listed companies from the Philippines, Indonesia, Malaysia, Singapore, Thailand and Vietnam. The awards followed an assessment of corporate governance practices based on publicly available disclosures.
Ayala’s business unit, Globe Telecom Inc., was also named among the top 50 ASEAN companies and top five in the Philippines.
Five other Ayala companies — ACEN Corp., AREIT Inc., Ayala Land Inc., AyalaLand Logistics Holding Corp. and Bank of the Philippine Islands — made it to the list of ASEAN Asset Class companies.
ASEAN Asset Class companies are those that achieved a score of at least 97.5 points, or 75% percent of the maximum score of 130 under the ASEAN Corporate Governance Scorecard. A total of 35 Philippine companies met the criteria this year.
The ASEAN CGCA said in a statement the latest assessment showed sustained improvement in corporate governance practices across the region, particularly in board accountability, shareholder rights, disclosure practices and sustainability integration.
