1. MARCHING TOWARDS

2. Corporate Governance Watch market scores: 2007 vs 2010 COUNTRY20072010 1. Singapore6567 2. Hong Kong6765 3. Japan5257 = 4. Taiwan5455 = 4. Thailand4755 6. Malaysia4952 = 7. India5649 = 7. China4549 9. Korea4945 10. Indonesia3740 11. PHILIPPINES4137 Source: Asian Corporate Governance Association

3. STILL A LONG WAY TO THE PEAK of CORPORATE GOVERNANCE © 2012 Institute for Corporate Directors

4. 2005-2011 TREND © 2012 Institute for Corporate Directors

5. GOLD Metro Pacific Investments Corporation SILVER Aboitiz Power CorporationFirst Metro Investment CorporationPhilex Mining Corporation Manila Water Company, Inc.China Banking CorporationSecurity Bank Corporation Aboitiz Equity Ventures, Inc. SILVER Petron Corporation Ayala CorporationLopez Holdings CorporationMacroAsia Corporation First Philippine Holdings CorporationManila Electric CompanyIntegrated Micro-Electronics, Inc. Philippine Long Distance Telephone Company Highlands Prime, Inc. Rizal Commercial Banking Corporation Ayala Land, Inc.Philippine Savings BankPhilippine National Bank SM Prime Holdings, Inc.Manulife Financial CorporationGlobe Telecom, Inc. SM Development Corporation Aboitiz Transport System (ATSC) Corporation / ATSC San Miguel Brewery, Inc. Bank of the Philippine IslandsMetropolitan Bank & Trust CompanyBanco de Oro Unibank, Inc. Energy Development CorporationSan Miguel Pure Foods Company, Inc.House of Investments, Inc. SM Investments CorporationCebu Holdings, IncorporatedPhinma Corporation Unionbank of the Philippines, Inc.Philippine Seven CorporationPhilWeb Corporation 2011 TOP RANKING PLCs © 2012 Institute for Corporate Directors

6. aligning WITH CG QUESTIONNAIRE © 2012 Institute for Corporate Directors

7. PRINCIPLES of CORPORATE GOVERNANCE Rights of shareholders Equitable treatment of all shareholders Role of stakeholders in corporate governance Disclosure and transparency Responsibilities of the Board © 2012 Institute for Corporate Directors

8. the ASEAN Corporate Governance Scorecard © 2012 Institute for Corporate Directors

10. OPEN for comparison © 2012 Institute for Corporate Directors

11. RAISING STANDARD in © 2012 Institute for Corporate Directors WE ARE the

12. CONTINUING TO ADVOCATE CORPORATE GOVERNANCE © 2012 Institute for Corporate Directors

13. COMMITTED TO HELP INSTALL A CORPORATE GOVERNANCE REGIME THAT GOES BEYOND COMPLIANCE © 2012 Institute for Corporate Directors

14. a WORKING TOGETHER IN © 2012 Institute for Corporate Directors