The Ayala Way Vol. 5 No. 39
ASM 2024 : AC
Adhering to the highest standards of corporate governance, including giving stockholders the option to call for an in-person meeting, Ayala Corporation held its annual stockholders meeting virtually on April 26, while continuing to uphold stockholders’ rights to participate, to vote, and to be informed.
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“A significant and central part of this purpose of building businesses that enable people to thrive is a steadfast commitment to sustainability. We believe that building profitable enterprises should go hand in hand with equitable economic growth, environmental stewardship, meaningful social impact, and an adherence to the highest ethical standards in our business. Our 190-year experience shows that this continues to be a compelling and credible formula for longevity and relevance.” JAIME AUGUSTO ZOBEL DE AYALA |
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“We are going to double down on the winners in terms of capital and other resources to the extent that they need it. We are going to reconfigure internally or via business combination those businesses that need such adjustments, and we’re going to exit businesses where we see little competitive advantage or have limited ability to scale. Freed capital will be recycled. Capital raised by Ayala Corporation will be provided in size to the winners or clear potential winners. We want to create the next Manila Water, or ACEN, or Mynt. After all these moves, you’ll see a more concentrated, but still broad and hopefully more valuable Ayala Corporation.” CEZAR P. CONSING
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About the author
Knowledge Management (1)
AC Knowledge Management is responsible for enterprise content management, archives management, and the development of knowledge products and services in Ayala. KM produces books on corporate history and business developments and publishes the groupwide internal communications channel, The Ayala Way.