Month: June 2009

Hong Kong-based publication Corporate Governance Asia once again recognized Ayala Corporation as among Asia’s best companies for corporate governance.

At the 5th Corporate Governance Asia Recognition Awards held on June 26, 2009 in Hong Kong, Ayala Corporation and subsidiaries Ayala Land, Globe Telecom, and Manila Water were cited as among “The Best of Asia,” a roster of 55 companies from 9 countries noted for their “continuing commitment to the development of corporate governance in the region.” The Ayala group has consistently placed in the rankings since 2007.

Corporate Governance Asia is the region’s most authoritative journal on corporate governance. The quarterly publication provides news and analysis on corporate governance issues, boardroom practices and shareholder activism.

This is the third citation for corporate governance that Ayala and its companies have received this year, following top rankings in a separate poll by FinanceAsia and the Institute of Corporate Directors’ Corporate Governance Scorecard Project.

Ayala ranked second among the Philippines’ most-admired companies in the annual Wall Street Journal Asia 200 survey.

In addition to the outstanding overall performance in this year’s survey, Ayala also earned top rankings in other categories. It was considered best in long-term vision, a category it has consistently led since 1997. It was also viewed as one of the top three companies in terms of quality of products and services, corporate reputation, and innovation, and ranks fifth in financial reputation.

Ayala Land, Bank of the Philippine Islands, and Globe Telecom also figured prominently in the survey, placing third, fifth, and sixth, respectively, in the overall rankings, and in the top five of each category.

The Asia 200 survey, which was conducted from December 2008 to January 2009, was taken in the midst of the global economic downturn. A total of 2,622 executives and professionals in 12 Asia-Pacific countries responded to the poll. This survey of business readers in the region had been conducted since 1993 by the Far Eastern Economic Review until it changed format in 2005.