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Press Releases

30

June 2009

AYALA GROUP’S GOVERNANCE PRACTICES CITED AS AMONG THE “BEST OF ASIA”

Hong Kong-based publication Corporate Governance Asia once again recognized Ayala Corporation as among Asia’s best companies for corporate governance.

At the 5th Corporate Governance Asia Recognition Awards held on June 26, 2009 in Hong Kong, Ayala Corporation and subsidiaries Ayala Land, Globe Telecom, and Manila Water were cited as among “The Best of Asia,” a roster of 55 companies from 9 countries noted for their “continuing commitment to the development of corporate governance in the region.” The Ayala group has consistently placed in the rankings since 2007.

Corporate Governance Asia is the region’s most authoritative journal on corporate governance. The quarterly publication provides news and analysis on corporate governance issues, boardroom practices and shareholder activism.

This is the third citation for corporate governance that Ayala and its companies have received this year, following top rankings in a separate poll by FinanceAsia and the Institute of Corporate Directors’ Corporate Governance Scorecard Project.