Eight companies under the Ayala Group were recognized during the 2021 ASEAN Corporate Governance Scorecard awards.
The group said in a statement Thursday Ayala Corp., Ayala Land Inc., Bank of the Philippine Islands, Globe Telecom Inc., ACEN Corp., Integrated Micro-electronics Inc., Ayala Land Logistics Holdings Corp. and Cebu Holdings Inc. were recognised for adhering to international best practices on corporate governance.
ALI and Globe also received the additional distinction of being part of the top 20 ASEAN publicly-listed companies and the top 3 Philippine PLCs.
“We are grateful to the ACGS awards for acknowledging the efforts that we have put in to improve and align our governance practices with regional and global standards,” Ayala chairman Jaime Augusto Zobel de Ayala said. “Ayala remains committed to the highest standards of corporate governance and continues to uphold these standards across our business units,” he said.
Securities and Exchange Commission chairman Emilio Aquino said ACGS seeks to recognize the valuable efforts of the top performing publicly-listed companies across the ASEAN region in improving and raising the standard in corporate governance.