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Ayala Corporation wins 5 Golden Arrow Awards, highest honor for good governance

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AYALA Corporation recently won the 5 Golden Arrow Award, the highest recognition for excellence in corporate governance among publicly listed companies in the Philippines.

The award is Ayala’s first 5-arrow citation. It won the 4 Golden Arrow Award last year and the 3 Golden Arrow Award in 2023.

In taking the highest recognition, Ayala Corporation attained points within the highest score bracket in the ASEAN Governance Scorecard (ACGS), which assesses a company’s performance on sustainability, resilience, stakeholder management, transparency, accountability, and board strategy and management.

“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. Strong corporate governance is key to building and keeping this trust. Thank you for affirming our efforts with this honor,” said Ayala Corporation president and CEO Cezar P. Consing.

The Golden Arrow Awards also recognized eight other Ayala firms, cementing the Ayala Group’s solid reputation in sound corporate governance practices.

Globe Telecom won its fourth consecutive 5 Golden Arrow Award, while ACEN, 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 Corporation got the 3 Golden Arrow Award, while ENEX received a 1 Golden Arrow Award.

In the insurance category, BPI unit BPI AIA won a 3 Golden Arrow Award, while BPI MS won a 1 Golden Arrow Award.

The annual Golden Arrow Awards, administered by the Institute of Corporate Directors, recognizes companies compliant with the Philippine Code of Corporate Governance and global corporate governance standards. It confers awards in five arrow tiers based on a company’s ACGS score.

Ayala Corporation has maintained a stellar record in exemplary practices in good governance. Earlier this year, it was recognized as one of the top five Philippine companies and listed among top 50 ASEAN companies in the 2025 ASEAN Corporate Governance Conference and Awards.  

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Globe Named Top ASEAN Firm for Corporate Governance

by Contributor
written by Contributor

Kuala Lumpur, Malaysia — Globe has been honored as one of the Top 50 Publicly Listed Companies (PLCs) in ASEAN, and among the Top 5 PLCs in the Philippines for its excellence in corporate governance, affirming the company’s longstanding commitment to transparency, integrity, accountability, and ethical business conduct.

The awards were conferred during the 2025 ASEAN Corporate Governance Conference and Awards (CGCA) held at the Four Seasons Hotel in Kuala Lumpur. Representing Globe was Chief Compliance Officer and Senior Vice President for Legal and Compliance Marisalve Ciocson-Co, who also serves as Assistant Corporate Secretary and Globe’s Head of Corporate Services Nina Mikaela Sarmiento-Tacandong.

The awardees were selected from a pool of 569 large-cap PLCs across six ASEAN markets which include Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines. Globe’s strong showing reflects its robust governance framework, which anchors its operational integrity and long-term shareholder value creation.

“Good corporate governance is in Globe’s DNA. It’s fundamental to how we create value, not just for shareholders, but for our customers, employees, and communities,” said Ciocson-Co. “We are deeply honored to be recognized by regional stakeholders and governance bodies for our consistent and principled approach to doing business.”

“This recognition reinforces our belief that sound governance strengthens trust in our services, fuels sustainable growth, and positions Globe as a responsible corporate citizen in the region,” she added.

Globe’s Chief Compliance Officer and Senior Vice President for Legal and Compliance Marisalve Ciocson-Co (left) and Assistant Corporate Secretary and Globe’s Head of Corporate Services Nina Mikaela Sarmiento-Tacandong (second from left), together with Securities Exchange Commission (SEC) Chair Francis Edralin Lim and SEC Commissioner Mcjill Bryant Fernandez, receive the award at the 2025 ASEAN Corporate Governance Conference and Awards (CGCA) in Kuala Lumpur, Malaysia.

The ASEAN CGCA 2025 marked the culmination of the 2024 ACGS assessment, a flagship initiative under the ASEAN Capital Markets Forum (ACMF) and supported by the Asian Development Bank (ADB). The 2024 assessment employed a revised framework aligned with updated G20/OECD Principles of Corporate Governance, placing greater emphasis on sustainability, board effectiveness, stakeholder engagement and transparency.

This year’s ASEAN CGCA was organized by Malaysia’s Minority Shareholders Watch Group (MSWG), with YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry Malaysia, officiating the ceremony.

Along with Globe, Ayala Corporation was also recognized as one of the Top 50 PLCs in ASEAN and Top 5 PLCs in the Philippines for corporate governance.

Globe’s governance practices are guided by its Manual of Corporate Governance and Code of Conduct, both aligned with international standards and designed to ensure transparency, integrity, fairness, and ethical leadership across all levels of the organization.

The full list of top-performing PLCs and ASEAN Asset Class recipients is available on the MSWG website.

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