Governance at Ayala
Independent Directors
Ayala Corporation is the holding company of the Ayala group—one of the largest and most diversified conglomerates in the Philippines. Since going public in 1976, Ayala has been steadfast in its belief that good corporate governance plays a major role in the success of its businesses.
Given the large scale of Ayala’s operations, its decision-making process has to be inclusive and responsive to the needs of shareholders and address a wider base of interests. Thus, we maximize good governance to refine prevailing business notions, challenge management decisions, and ultimately guarantee that long-term considerations are prioritized over short-term gains.
Toward these goals, Ayala has set in place a comprehensive set of oversight controls to put management decisions in check and ensure that we conform to regulatory requirements and global best practices. In addition to ensuring compliance with regulations, we have spearheaded the development of governance summits and internal councils, supported scholarly efforts on good governance and advanced shared value business models, and voluntarily embedded global frameworks in our operations to support sustainable development.
“We have to ensure that what we do is good for them, too; not only for today, but for tomorrow. It's about being a responsible corporate citizen, and understanding that care for the environment, fair treatment of people and good corporate governance are part and parcel of doing business.”
“We strive to always be a stalwart of Philippine business, and we firmly believe that we do well by doing right and doing good. “
Governance that ensures a sustainable enterprise
Ayala adheres to the principles of good governance, including transparency, integrity, accountability, and fairness. We believe that effective corporate governance is essential to the achievement of our strategic goals. The basic elements of Ayala’s corporate governance system include a combination of internal and external mechanisms such as the structure of the board of directors and our committees, oversight of management, and sound policies and controls.
Setting up proper controls, including conforming to regulatory requirements and international standards, is critical to ensuring a sustainable enterprise in the long-term.
Our systems and procedures are continuously reviewed, refined, and updated to ensure their effectiveness and adaptability to the changing needs of the markets we participate in. Ayala fully complies with the Code of Corporate Governance set forth by the Securities and Exchange Commission.
As a manifestation of Ayala’s effort to imbibe good corporate governance practices, we have been consistently recognized by various awards, polls, and publications in the Philippines and in the region.
We continue to set high standards for ourselves by reinforcing a governance culture with a solid set of core values at all levels across the company. Good governance creates a strong foundation for our operations and key relationships, and allows us to create shared value for our stakeholders and the communities we serve.
Governance Documents and Company Policies
Amended Articles of Incorporation
Amended By-Laws
Corporate Governance Manual
Code of Conduct and Ethics
Board Charter
Executive Committee Charter
Audit Committee Charter
Risk Management and Related Party Transactions Committee Charter
