Ayala Corporation and its listed subsidiaries led FinanceAsia’s ninth annual poll of the Philippines’ top companies, the Hong Kong-based publication recently announced.
Ayala retained its leadership as the best managed company and best in corporate governance in the Philippines, while four of the top eight companies in both categories are Ayala subsidiaries, namely, Globe Telecom, Manila Water, Bank of the Philippine Islands (BPI), and Ayala Land, Inc. (ALI).
Chairman and chief executive officer Jaime Augusto Zobel de Ayala was named best CEO, a new category introduced in this year’s polls. Globe Telecom chief finance officer Delfin Gonzalez, Jr. and Ayala treasurer Ramon Opulencia were once again cited as best CFOs in the country.
Ayala also earned high marks in investor relations together with Globe, ALI and Manila Water, and topped another new category, best corporate social responsibility, with Manila Water and ALI. Globe and BPI were considered second and third most committed to a strong dividend policy, respectively, and Manila Water was named best mid-capitalization company.
Other companies that made it to FinanceAsia’s list of best managed companies in the Philippines were PLDT, Banco de Oro, Security Bank, Megaworld, and ICTSI. The FinanceAsia poll was conducted among 238 investors and analysts across the region.