Ayala Land Stockholders meeting: " on building sustainable communities",

Fernando Zobel de Ayala , presiding chairman of  Ayala Land takes the  company's total performance to a new height. Soaring the profit for about P 14.8 B  , a remarkable 26 percent higher comparative to last year performance , surpassing the goal of P 10 B  launched in the company's slogan 10.2015 since 2009. Today's net income equates to a return on equity for about 14.4 percent.

Now ,the company's milestone is to reach far higher than 40 B USD, dubbed as 2020 - 40 BUSD.

The pioneering real estate developers known for its remarkable quality which adheres to sustainable green communities , the Ayala Land is about to make another statement in the years to come.

From the total 74 projects worth P 133 B , the company's netted reservations sales P 101. 7B . These comprises Malls ( gross leasable areas) 1. 34 sqm., Offices ( gross leasable areas) 612 K sqm, and Hotel & Resorts  2, 172 room keys . These in all  entails the company's total expenditures for about  P83. 3 B.

In all the Ayala Land stock market capitalization ( in billion pesos , as of year end) 2014 is all about 478 , commanding a price per stock ( per share , as of year end) for about 33.70 . In effect this means an earnings per share of 1.05 .

Today's stock holders meeting pressing issues raise in the meeting is the Ayala's Land low density qualitative core of engineering and design. As Mr. Turner said, the main foray of the arch of Ayala Triangle could be of great used if it use with more prudent , building more rooms , instead of the original plan of having a grand entrance .

In the foregoing stockholders meeting, corporate governance in effect with the local corporate code have been questioned in the adamant long staying retainers auditing firm  Sycip Gorres and Velayo ( SGV) . The chairman replied " since the company is a public listed company , the required policy of rotating an auditing partner is observed ,not necessarily of the auditing firm". Yes the chairman further said, that the Ayala Land , is a consistent hall of famer in the best practices of corporate governance in the Philippines perhaps in Asia. On the issue about the upcoming Asian Integration which denotes the new formula on existing line up of the company board of directors , requiring almost that a company should employed almost majority of the BOD to be an independent director is a major issue to the oldest firm ( establishment ) in the Ayala Land , perhaps in parent holding company which is Ayala Corp..Though it has been said, the Ayala Land, nor the Ayala Corp., have been in compliance with the existing corporate governance  ( Phil. Corp code) on the issue of at least 20 percent of the existing line of BOD be filled up with an independent director.

Another minute scale issue brought in the stock holders meeting is  the rudiment of the documentary processes in reservation ( buying a units ) in the Ayala Land. There is a suggestion to expedite, use the OR instead of temporary which question the binding capacity of the reservation client with the company and its prospect unit to buy. On calls pipeline with regards with the customer service should be on the prompt mode , as suggested by the stockholder .

Hence, another suggestion raised during the annual stockholders meeting for the management of the company to consider with , is the issuance of the certificate income tax with regards to stock dividends , should be given attached with the notice of the stockholders meeting and stock dividends , as suggested . Because for its repercussion in the expediency , magnitude issues .Once a minority share holders , would manually claimed the stock dividends income tax certificate , incurred the later a major expense , netting the former into a deficit status.

On the case of the issue of accreditation to become Ayala Land Partner in sales brokerage, one stock holder suggested , that each seminar ( whole day ) about real estate seminar be accorded with a CPE countenance on the part of the brokerage or the applying license sales agent.

In all , the 2014 Ayala Land stock holders meeting , summarizes that a company is the most admired company in the Philippines , in the steering command of Fernando  Zobel de Ayala.

Infact , the brothers   Fernando Zobel de Ayala and Jaime Zobel de Ayala have neen  hailed as most valuable corporate persona by today's economic standing in the corporate world in the Philippines .

Some one said : Ti Amo  to both brothers , during today's Ayala Land annual stockholders meeting.

Henry Estipona

Philippines

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