Ayala Companies Recognized for Good Governance

All nine listed business units of the Ayala group received coveted corporate governance distinctions from the Institute of Corporate Directors (ICD). 

The ICD’s Golden Arrow Awards recognizes exemplary corporate governance performance based on the ASEAN Corporate Governance Scorecard (ACGS) for publicly listed companies and the Corporate Governance Scorecard (CGS) for insurance firms. Companies are given one to five Golden Arrows depending on their ACGS or CGS score. 

Ayala Land and Globe received five Golden Arrows (equivalent to 120 to 130 points); ACEN and IMI received four Golden Arrows (110 to 119 points); and parent Ayala, AyalaLand Logistics Holdings Corp., and BPI received three Golden Arrows (100 to 109 points). AREIT and ENEX received two Golden Arrows (90 to 99 points) and one Golden Arrow (80 to 89 points), respectively. 

In addition, BPI’s insurance companies were also feted; BPI–AIA Life Assurance Corporation received three Golden Arrows while BPI/MS Insurance Corporation received one Golden Arrow. 

The ACGS provides a rigorous methodology benchmarked against international best practices to assess the corporate governance performance of publicly listed companies of participating ASEAN member countries. The scorecard aims to raise the corporate governance standards and practices in the country and to make well-governed publicly listed companies attractive to investors.