Ayala Corporation once again earns the nod of the Ethical Boardroom as a holding company with the Best Corporate Governance in Asia and Australasia.
“We believe that adherence to good corporate governance principles is essential for the achievement of our strategic goals,” said Solomon Hermosura, Ayala Corporation’s corporate secretary and corporate governance group head. “This recognition proves that Ayala continues to raise the bar of good governance by pursuing measures that bring up the level of awareness and practices in the organization to help drive value creation and long-term growth.”
Ayala first received such an accolade in 2017. This 2019, Ayala is joined by Globe Telecoms, which received a Best Corporate Governance Award under the telecom company category. Ayala and Globe are the only Philippine companies that made it to the list.
“Implementing good corporate governance ensures organizations conduct their business in a fair and ethical manner, considering the interests of all its stakeholders to achieve long-term and sustainable growth,” the citation reads.
“The awards recognize the outstanding leadership from boards who have raised the bar to ensure that strong corporate governance plays an essential part in protecting and enhancing long-term value for all stakeholders.”
The Ethical Boardroom is a London-based magazine and website that is trusted by influencers for its unparalleled track record in delivering in-depth coverage and critically aware analysis of global governance issues. Full list of winners can be viewed on https://ethicalboardroom.com/corporate-governance-winners-2019-asia-australasia/.