Created in 2021
Mr. Fernando Zobel de Ayala
assumed the position of
CEO in 2021 from Mr. Jaime
Augusto Zobel de Ayala
Ayala Corporation’s President and
CEO became a Commissioner.
Ayala Corporation’s Chief
Finance Officer became
an official member.
Ayala Corporation has established itself as a strong corporate leader anchored on a robust culture that readily adapts to the needs of a dynamic business and regulatory landscape. Committed to the principles of transparency, integrity, fairness, accountability, and professionalism, the company embeds good governance in its strategic vision and goals, which resonates in Ayala’s engagement with its shareholders and stakeholders.
The synergy between the Board and Management allows for the establishment and implementation of effective policies and appropriate processes supported by reliable mechanisms. Ever evolving, Ayala pushes the boundaries as it strives to continuously improve on its governance practices emboldened by an independent and transformational board and supported by a highly competent management team led by Ayala’s Chief Executive Officer and President.
“This is an exciting time for institutions, individuals, and dare I say, countries. But it is not easy; it requires a different mindset. It comes with a whole new way of looking at things, and we will have to reinvent ourselves.”
Jaime Augusto Zobel de Ayala at the 2021 Integrated Corporate Governance, Risk Management and Sustainability Summit
Accountability and Audit (External and Internal)
Disclosure and Transparency
Board Diversity
Term Limit for Independent Directors
Multiple Board Seats
Code of Conduct and Ethics
Related Party Transactions
Whistleblower
Procurement Policy
Board, Management Teams, Operational Teams, Governance, and Legal
Investor and Shareholders, Government Agencies and Shareholders, Bank Counterparties and Creditors, Communities
Reports of the Committees to the Board of Directors
Report of the Sustainability Committee to the Board of Directors
Report of the Corporate Governance and Nomination Committee to the Board of Directors
Report of the Risk Management and Related Party Transactions Committee to the Board of Directors
Report of the Personnel and Compensation Committee to the Board of Directors
Within the Board of Directors is the Sustainability Committee, which Ayala Corporation created to uphold higher levels of governance. The committee reports to the board.
With an eye on inclusivity, the Committee is composed of two male and one female members, who are: Cezar P. Consing – Chairman, Keiichi Matsunaga – Member, and Rizalina Mantaring – Member.
Their primary responsibility is to oversee the sustainability direction, strategies, and programs across the group–ensuring that they are aligned to the company’s profitability while keeping the balance with governance and environmental and social initiatives.
In 2021, its maiden year, the Committee held two meetings. It aims to increase this number given the increase in ESG initiatives across the group.
| +50% of Ayala Companies spend their procurement budgets on local suppliers | ₱509.9 M Economic Value Generated Groupwide |
| ~23,500 Food packs for families distributed by the Ayala Group through #BrigadangAyala | ₱252.7 M Economic Value Generated Parent Company Level |
