Ayala Land, Inc. (ALI) continues to lead the way in corporate governance, receiving the prestigious 4-Golden Arrow recognition at the 2024 ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards. The event, held at the Manila Marriott Hotel on September 19, 2024, also saw ALI subsidiaries AyalaLand Logistics Holdings Corp. (ALLHC) and AREIT, Inc. honored with 4-Golden Arrows and 3-Golden Arrows, respectively.
The Golden Arrow Awards, organized by the Institute of Corporate Directors (ICD), spotlight companies that uphold transparency, accountability, and responsible management. The ACGS evaluates publicly listed companies (PLCs) from six ASEAN nations, ranking them based on their adherence to corporate governance standards. This initiative, spearheaded by the ASEAN Capital Markets Forum (ACMF) and supported by the Asian Development Bank, aims to elevate corporate governance practices across the region.
Companies earning the Golden Arrow have scored at least 80 points in the ACGS assessment, demonstrating compliance with both the Philippine Code of Corporate Governance and internationally recognized best practices. The award system is tiered, with five performance levels, each represented by a corresponding number of arrows.
Ayala Land has consistently aligned its governance policies with regional and global standards, maintaining a strong commitment to corporate governance excellence. Last year, ALI received the top honor of 5-Golden Arrows, with ALLHC and AREIT achieving 3-Golden Arrows and 2-Golden Arrows, respectively.
The recognition reinforces Ayala Land’s unwavering dedication to responsible and transparent management, setting a benchmark for other companies to follow.
