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
www.on-linexpress.blogspot.com
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