Corporate Governance

Latest Disclosures

Latest Board Reports

Organization

Values, Policies, and Practices

Board Committees and Charters

Audit and Compliance Systems

2007 Annual Report

Shareholder assistance and services

Taxation of Ownership of Company Shares

Training and Development Policy

Matters Taken up at the 2008 Annual Stockholders’ Meeting

Core values
Our four core values that guide the way we work in all aspects of our business and stakeholder interactions.

Code of conduct
All Ayala employees, including senior executives and members of the executive and management committees, strive to maintain an exceptional standard of conduct.

Manual of Corporate Governance
This manual supplements and complements the corporation's Articles and By-Laws by setting forth principles of good and transparent governance.

Enterprise risk management
In line with the corporate governance infrastructure of the Company, Ayala has adopted a group-wide enterprise risk management framework since 2002.

Management's responsibility for information
Communication and information responsibilities of management to the board of directors.

Policy on conflict of interest
The personal interest of directors and officers should never prevail over the interest of the corporation.

Stockholder's rights and protection of minority stockholders' interests
Six basic rights of the Ayala stockholders.