The Philippines’s oldest conglomerate, Ayala Corporation, continues to reap awards as it celebrates its 180th anniversary this year.
FinanceAsia, a leading regional business publication, named Ayala the country’s best managed company in its 14th annual poll. Launched in February this year and with a polling period of over a month, investors and analysts participated in the vote. Published in March, the results showed Ayala also clinching the top spot for corporate governance and corporate social responsibility. Ayala ranked a close second for investor relations.
Other Ayala group companies also made it to the list. Ayala Land ranked 3rd for corporate governance, 4th for management, and 7th for investor relations. Meanwhile, Globe clinched 2nd place among companies most committed to a strong dividend policy.
Key Ayala executives were also acknowledged. Jaime Augusto Zobel de Ayala, Chairman and CEO of Ayala, and Antonino T. Aquino, President and CEO of Ayala Land (who retired in April), were both recognized among top-ranking Philippine CEOs. Ayala Land’s Jaime E. Ysmael also made it to the list of best CFOs.
Ayala CFO Delfin Gonzalez, Jr., Mr. Aquino and new Ayala Land President and CEO Bernard Vincent O. Dy accepted the awards at the ceremony held last night, June 19, at Fairmont Makati.
Results of the Asia’s Best Companies poll may be viewed at: http://www.financeasia.com/News/375837,best-companies-poll-results-2014-8211-part-two.aspx