BIZ BUZZ: Ayala gets more arrows
Ayala Group has just struck gold with a Five Golden Arrow win for good corporate governance.
The conglomerate received its first five-arrow distinction, a prestigious honor given to publicly listed firms in the Philippines that display excellent corporate governance.
This means that Ayala Corp.’s marks were within the highest score bracket in the Asean Governance Scorecard. This highlights a company’s performance on sustainability, resilience, stakeholder management, transparency, accountability, and board strategy and management.
For its boss, success isn’t just about a blockbuster financial win.
“At Ayala, we believe that the highest standards of corporate governance are a prerequisite for a sustainable business. We strive to be an institution that our stakeholders can always rely on,” said Ayala Corp. president and CEO Cezar Consing.
“Strong corporate governance is key to building and keeping this trust,” he added.
Eight more Ayala firms earned Golden Arrow Awards, with telco giant Globe Telecom leading the pack with its fourth consecutive 5 Golden Arrow Award.
Ayala Land, the Bank of the Philippine Islands, and Integrated Micro-electronics, Inc. each won the 4 Golden Arrow Award. AREIT and AyalaLand Logistics Holdings Corp. got the 3 Golden Arrow Award, while ENEX received a 1 Golden Arrow Award.
BPI unit BPI AIA won a 3 Golden Arrow Award, while BPI MS won a 1 Golden Arrow Award.
