Ayala Land, Inc. was awarded a certificate of recognition for being one of the TOP FIVE Philippine Publicly Listed Companies of the 2007 ICD Corporate Governance Scorecard. The award was given by the Institute of Corporate Directors (ICD), in collaboration with the securities and Exchange Commission (SEC), the Philippine Stock Exchange (PSE) and the Ateneo Law School. The award ceremonies were held yesterday, January 8, at the Hotel Intercontinental Manila, Makati City.

ICD has been at the forefront of promoting corporate governance reforms in the country. It has initiated a corporate governance scorecard (CG-Sc), which is envisioned as a tool that public corporations can use to rate and benchmark their corporate governance practices relative to global and regional standards.

Other winners include Ayala Corporation, Globe Telecom, Bank of the Philippine Islands and PLDT.