ALI cited for excellence in corporate mgm't

MANILA, Philippines - For the third straight year, Ayala Land Inc. (ALI) was conferred the 2011 Platinum Award for All-Around Excellence in financial performance, management acumen, corporate governance, social responsibility, environmental responsibility and investor relations in a poll conducted by The Asset Magazine, a highly respected financial publication in Asia.

 “We are pleased to have received this award once again and believe that participating in such a recognition program will motivate us further in consistently upholding the highest standards in corporate management,” said Jaime E. Ysmael, ALI chief finance officer.

ALI was among the 19 corporations that were awarded by The Asset, a multi-media publishing and research organization that caters to corporate and financial leaders in Asia.

The Asset’s Excellence in Management and Corporate Governance awards program provides listed companies an avenue for international benchmarking based on a range of metrics for financial performance and management acumen. It also recognizes the importance of sustainable growth which is why companies are likewise evaluated for the quality of their corporate governance, social and environmental responsibility, and investor relations.

Apart from rigorous evaluation and research, the poll involved interviews conducted with investors, analysts and industry specialists to determine the winning companies.

Aside from The Asset award given in December 2011, ALI also garnered the highest score in corporate governance at the 6th Annual Corporate Governance Scorecard for Publicly Listed Companies given by the Institute of Corporate Directors in May last year. ALI topped the list of respected Philippine corporations that were awarded for their consistent high scores in key governance principles such as disclosure and transparency, board responsibilities, and equitable treatment of shareholders.