Corporate Governance

Code of Conduct and Ethics

Ayala Land has consistently affirmed its commitment and fidelity to its values and to doing things the right way.

All directors, the management and employees of Ayala Land, Inc. are required to comply to Ayala Land’s Code of Ethical Behavior

We also have a Code of Ethical Procurement Conduct for all those who influence the procurement process, as well as the Vendor’s Code of Ethics.

Alongside all initiatives to promote good corporate governance, several enhancements were introduced by the Company, as recommend by IAD to promote a higher standard of quality and business integrity during the conduct of our business.

 

Implementation and Monitoring of Compliance to the Code of Ethical Behavior

ALI has established a compliance structure which assigns oversight responsibility for the Company’s Code of Ethical Behavior program to the Human Resources Group (HRG) Head or his/her designate. SBU and Group Heads are responsible for establishing, implementing and maintaining an effective program, including a system of internal controls, to ensure compliance by everyone with all laws and regulations and the provisions of this Code. People who manage others have a special responsibility to show, through words and actions, personal commitment to the highest standards of integrity. As coaches and leaders, supervisors and managers must:

  • Maintain an environment of open communication in which the ALI values and the provisions of this Code and related policies and instructions are shared, discussed and even debated.
  • Ensure that their people understand the ALI values and the provisions of this Code and provide additional training, when appropriate.
  • Take reasonable steps to ensure that unethical conduct within their areas of responsibility is detected and addressed.
  • Consider whether a person lives the ALI values before placing him or her in a position of responsibility. Everyone is responsible for notifying the Human Resources Group, Legal, Audit or the Compliance Officer immediately if he/she suspects, observes or learns of any unethical business conduct or the commission of any dishonest, destructive, or illegal act.

The appropriate Investigation Committee will investigate all reports and provide feedback when appropriate. There will be no reprisals against those who report suspected violations in good faith, and their identity will be protected to the extent consistent with law and ALI policy.

Because ALI strongly believes in ethical behavior, employees who do not comply with the provisions of this Code and 20 other Company policies and procedures may be subject to a range of disciplinary actions, up to and including dismissal. Additionally, violations of these standards could result in criminal penalties and/or civil liabilities.

To view Ayala Land’s Code of Ethical Behavior, click on the link below:

ALI Code of Ethical Behavior