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Corporate Governance "If we are successful, it's because people trust us. We are who we are because of the people that have helped us build the company." - Jaime Zobel de Ayala, chairman emeritus At Ayala, we believe that sound corporate governance is of fundamental importance in creating shareholder value and to promoting our company's long-term growth. It involves a number of elements: clear understanding by our directors of their primary role to represent shareholders and be accountable for the company's directions and management; structures, key policies, and procedures that enable the company to achieve its vision and strategic objectives as well as to identify, control and monitor risks; and the presence, operation, and adequacy of internal mechanisms to ensure that the company's roles and responsibilities are fulfilled. We place considerable emphasis on the importance of independent directors in all our member companies, rigorous internal and external audits, and fostering a culture of accountability, transparency, and adherence to Philippine and global reporting standards, even beyond compliance. We believe that open communication is a requisite for sustained growth and building investor confidence. We believe that good governance is vital to the growth of the company and the industries in which we are involved, and that it contributes significantly to building a robust economy. Today, as in the past 177 years, trust plays a crucial role in our company's success. We are steadfast in our commitment to the principles of good corporate governance and continuously strive to uphold and strengthen the trust that our stakeholders have placed in us. |
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