Ayala Corporation is the Philippines’ best managed company, according to the annual poll of FinanceAsia, a leading financial publication covering the region’s capital and banking markets.
Ayala Land, Inc. (ALI), Bank of the Philippine Islands, Globe Telecom, and Manila Water ranked 3rd, 5th, 6th, and 8th place among Philippines companies, respectively.
Ayala Corporation was also deemed best in corporate governance and corporate social responsibility, and ranked second for investor relations. Ayala subsidiaries also ranked high in these categories. BPI, ALI and Globe were third, fifty, and seventh best in governance. Globe and BPI were in fourth and eighth place for investor relations. MWC, Globe, and BPI were in second, sixth, and seventh place for corporate social responsibility.
Globe, BPI, and Ayala were ranked second, third, and sixth best among companies most committed to a strong dividend policy.
ALI president Antonino Aquino is among the Best CEOs in the Philippines.
Published on May 16, the results of FinanceAsia’s 12th annual poll of Asia’s top companies were gathered from votes of 265 investors and analysts across the region.
In addition, Hong Kong-based publication CorporateGovernanceAsia once again recognized corporate governance in the Ayala group as among the Best of Asia. Ayala Corporation, ALI, Manila Water, and ALI subsidiary Cebu Property Ventures and Development Corporation were among the companies recognized in the magazine’s 8th Annual Recognition Awards for continuing to lead the way in initiating best practices which provide an open, ethical and continuing dialogue with stakeholders in the spirit of fairness and Asian values.