Magazine names Ayala Corp. PH’s ‘best managed’ company
Screen grab from financeasia.com
MANILA, Philippines—Ayala Corp. is the “best managed” company in the Philippines and is likewise at the top of the heap when it comes to corporate governance and corporate social responsibility, according to the 14th annual survey of FinanceAsia magazine.
Napoleon Nazareno, chief executive officer of Philippine Long Distance Telephone Co., (PLDT) was cited in the same survey as the “best CEO” while his company PLDT was voted No. 1 in investor relations and commitment to a strong dividend policy.
FinanceAsia’s annual poll attempts to determine Asia’s best companies as voted by investors and analysts. The survey was launched on February 10 and polling was conducted over one month, the publication said.
Cited as the “best mid-cap” company was Filinvest Land while “best small cap” company was EEI Corp.
For best chief finance officer, Jollibee’s Ysmael Baysa won the top honor.
Article continues after this advertisementOther companies that landed in FinanceAsia’s roster of 10 “best managed” list were PLDT (second), Aboitiz Equity Ventures (third), Ayala Land (fourth), JG Summit (fifth), Jollibee Foods Corp. and SM Investments (tied for 6th), Universal Robina Corp. (8th), Aboitiz Power (9th) and Metro Pacific Investments and SM Prime (tied for 10th place).
Article continues after this advertisementJoining Ayala on the list of companies with best corporate governance based on the same poll were: PLDT (2nd), Ayala Land (third), SM Investments (4th), Aboitiz Equity Ventures (5th), Metro Pacific Investments (6th), Jollibee and SM Prime (tied for 7th), Vista Land & Lifescapes (9th) and Emperador and Universal Robina Corp. (tied for 10th place).
Other top-ranked companies based on CSR initiatives were PLDT and SM Investments (tied for 2nd), LT Group and Manila Electric Co. (tied for fourth), San Miguel Corp. (6th), First Gen (7th), Aboitiz Equity Ventures (8th), Jollibee, Metro Pacific Investments, Philex Mining., Semirara Mining and SM Prime (tied for 9th place).
For “best in investor relations,” joining PLDT in the roster were Ayala Corp., Metro Pacific Investments, Aboitiz Equity Ventures, Aboitiz Power, Universal Robina, Ayala land, First Gen, SM Prime, GT Capital and Security Bank.
Aside from top-ranked PLDT, other companies cited for their commitment to a strong dividend policy were Globe Telecom, Universal Robina, Semirara Mining, Aboitiz Power, SM Prime, Manila Electric Co., Emperador and San Miguel Corp.
Other mid-cap companies cited in the survey were Vista Land, D&L Industries and First Gen. Pepsi-Cola Products as among the best among small-cap companies.
Likewise cited among the top-ranked CEOs were Ayala Land’s Antonino Aquino and Ayala Corp.’s Jaime Augusto Zobel de Ayala. Other notable CFOs cited were Ayala Land’s Jaime Ysmael and SM Investments’ Jose Sio.
FinanceAsia is a publication specializing on finance, investment banking, economics and capital markets.
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