Ayala Land, ALLHC and AREIT Honored with Golden Arrow Awards for Excellence in Corporate Governance
October 1, 2024
Ayala Land, Inc. (ALI) was recognized for its corporate governance excellence and named as one of thetop-performing Philippine publicly listed companies (PLCs) based on the 2023 ASEAN CorporateGovernance Scorecard (ACGS) by the Institute of Corporate Directors. ALI received the 4-Golden Arrowrecognition.
ALI subsidiaries, AyalaLand Logistics Holdings Corp. (ALLHC) and AREIT, Inc. also received 4-GoldenArrows and 3-Golden Arrows, respectively, at the 2024 ACGS Golden Arrow Awards Night at ManilaMarriot Hotel last September 19, 2024.
The award, given by the Institute of Corporate Directors (ICD), highlights companies that demonstratetransparency, accountability, and responsible management practices. The ACGS serves as a vital tool forevaluating and ranking PLCs across six participating ASEAN countries. This initiative, led by the ASEANCapital Markets Forum (ACMF) in partnership with the Asian Development Bank, aims to enhancecorporate governance standards and practices among ASEAN PLCs.
The Golden Arrow is awarded to companies that achieved a score of at least 80 points in the ACGSAssessments, and have exhibited observable conformance with the Philippine Code of CorporateGovernance and internationally recommended corporate governance practices as espoused by theACGS. There are five ascending levels of performance with corresponding scores that will identify thenumber of golden arrows.
Ayala Land strengthens its corporate governance policies and aligns its practices with best-in-classregional and global standards. The company has been consistently recognized based on the ASEANCorporate Governance Scorecard. Ayala Land also received the highest 5-Golden Arrow award at theprevious year’s ACGS ceremony, with ALLHC achieving the 3-Golden Arrows level. AREIT, also receivedthe 2-Golden Arrows recognition.
Ayala Land VP, Chief Legal Officer and Asst. Corporate Secretary Atty. Milette Asuncion-Arnedo receives the award for Ayala Land at the ASGS Golden Arrow Awards
ALLHC Chief Operating Officer Patrick C. Avila receives the award for ALLHC at the ASGS Golden Arrow Awards
AREIT Head of Legal and Chief Compliance Officer Atty. Florence Therese Martirez-Cruz receives the award for AREIT at the ASGS Golden Arrow Awards
Latest Updates
Ayala Malls Arca South Opening in 2025 to Anchor Dynamic New District in Taguig
June 3, 2025Integrated estate development picks up pace as major infrastructure, retail, and residential projects take shape
Avida Land Expands Residential Portfolio: Bringing Future-Forward, Sustainable Living in South Luzon
June 2, 2025As South Luzon rises as an economic powerhouse, Avida Land responds with sustainable and future-forward communities that meet the evolving standards of modern Filipino homeowners. Once viewed as a serene retreat outside Metro Manila, South Luzon is now one of the country’s most dynamic growth hubs—powered by the Cavite-Laguna-Batangas (CALABA) corridor, rapid industrialization, and infrastructure projects such as the Cavite-Laguna Expressway (CALAX) and the South Luzon Expressway (SLEX) expansions.
The Business Case for Art: Inside Circuit Makati’s Creative-Led Growth
May 27, 2025As more developers position their properties as creative hubs, one district quietly stands out for having embraced this identity early on: Circuit Makati.