Ayala Land, Inc. (ALI) was recognized for its corporate governance practices as it was again named one of the top performing Philippine publicly listed companies (PLCs) under the 2018 ASEAN Corporate Governance Scorecard (ACGS).
ALI received the four-arrow recognition, the highest distinction given to a Philippine company this year and conferred to companies which garnered a score of 110 to 119 points. ALI was one of only six Philippine companies to earn the four-arrow distinction.
ALI subsidiaries Cebu Holdings, Inc. and Cebu Property Ventures and Development Corporation also received two-arrow recognitions during the ACGS Philippine Recognition night hosted by the Institute of Corporate Directors (ICD).
The ACGS is a valuable tool used for the assessment and ranking of PLCs in the six participating ASEAN countries of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.