SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Apr 21, 2017

2. SEC Identification Number

34218

3. BIR Tax Identification No.

000-153-610-000

4. Exact name of issuer as specified in its charter

AYALA CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

32F TO 35F TOWER ONE, AYALA TRIANGLE, AYALA AVENUE, MAKATI CITY Postal Code 1226

8. Issuer's telephone number, including area code

(02) 908 3000

9. Former name or former address, if changed since last report

N.A.

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES	620,726,154
VOTING PREFERRED SHARES	200,000,000
PREFERRED "B" SERIES 1	20,000,000
PREFERRED "B" SERIES 2	27,000,000

11. Indicate the item numbers reported herein

Item 9 - Other Items

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Ayala CorporationAC

PSE Disclosure Form 4-25 - Results of Organizational Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Results of the organizational board of directors' meeting
Background/Description of the Disclosure
-

List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer

Name of Person	Position/Designation	Shareholdings in the Listed Company		Nature of Indirect Ownership
		Direct	Indirect
Jaime Augusto Zobel de Ayala	Chairman & Chief Executive Officer	583,533	202,400	Held through ESOWN
Fernando Zobel de Ayala	Vice Chairman, President and Chief Operating Officer	602,042	216,522	Held through ESOWN
Gerardo C. Ablaza, Jr.	Senior Managing Director	280,086	292,371	Held through ESOWN and broker account
Cezar P. Consing	Senior Managing Director	-	62,420	Held through ESOWN
Bernard Vincent O. Dy	Senior Managing Director	-	-	-
Arthur R. Tan	Senior Managing Director	80,754	195,818	Held through ESOWN and broker account
Jose Rene Gregory D. Almendras	Managing Director and Public Affairs Group Head	1,800	37,545	Held through ESOWN
Alfredo I. Ayala	Managing Director	25,760	138,481	Held through ESOWN
Paolo Maximo F. Borromeo	Managing Director & Corporate Strategy and Development Group Head	-	39,594	Held through ESOWN and broker account
John Eric T. Francia	Managing Director	-	108,101	Held through ESOWN and broker account
Solomon M. Hermosura	Managing Director, General Counsel, Corporate Secretary, Compliance Officer, Data Protection Officer & Corporate Governance Group Head	53,583	118,302	Held through ESOWN and broker account
Jose Teodoro K. Limcaoco	Managing Director, Chief Finance Officer, Chief Risk Officer, Chief Sustainability Officer, and Finance Group Head	-	198,476	Held through ESOWN and broker account
Ruel T. Maranan	Managing Director	-	9,722	Held through ESOWN
John Philip S. Orbeta	Managing Director, Chief Human Resources Officer, and Corporate Resources Group Head	-	503,726	Held through ESOWN and broker account
Catherine H. Ang	Executive Director and Chief Audit Executive	5,290	13,319	Held through ESOWN
Ma. Cecilia T. Cruzabra	Executive Director and Treasurer	5,561	8,174	Held through ESOWN
Josephine G. De Asis	Executive Director and Controller	-	13,008	Held through ESOWN
Dodjie D. Lagazo	Assistant Corporate Secretary	-	-	-
Joanne M. Lim	Assistant Corporate Secretary	-	-	-

List of Committees and Membership

Name of Committees	Members	Position/Designation in Committee
Executive Committee	Jaime Augusto Zobel de Ayala	Chairman
Executive Committee	Fernando Zobel de Ayala	Vice Chairman
Executive Committee	Keiichi Matsunaga	Member
Audit Committee	Xavier P. Loinaz	Chairman
Audit Committee	Ramon R. del Rosario, Jr.	Member
Audit Committee	Keiichi Matsunaga	Member
Risk Management and Related Party Transactions Committee	Antonio Jose U. Periquet	Chairman
Risk Management and Related Party Transactions Committee	Ramon R. del Rosario, Jr.	Member
Risk Management and Related Party Transactions Committee	Keiichi Matsunaga	Member
Nomination Committee	Ramon R. del Rosario, Jr.	Chairman
Nomination Committee	Xavier P. Loinaz	Member
Nomination Committee	Antonio Jose U. Periquet	Member
Personnel and Compensation Committee	Ramon R. del Rosario, Jr.	Chairman
Personnel and Compensation Committee	Delfin L. Lazaro	Member
Personnel and Compensation Committee	Keiichi Matsunaga	Member
Finance Committee	Delfin L. Lazaro	Chairman
Finance Committee	Antonio Jose U. Periquet	Member
Finance Committee	Jaime Augusto Zobel de Ayala	Member
Finance Committee	Fernando Zobel de Ayala	Member
Committee of Inspectors of Proxies and Ballots	Solomon M. Hermosura	Chairman
Committee of Inspectors of Proxies and Ballots	Catherine H. Ang	Member
Committee of Inspectors of Proxies and Ballots	Josephine G. De Asis	Member

List of other material resolutions, transactions and corporate actions approved by the Board of Directors
The Board of Directors also approved the election of Mr. Xavier P. Loinaz as lead independent director.
Other Relevant Information
Shareholdings of the officers mentioned above include all classes of shares (common, voting preferred and preferred B) of the Company. Also in the attached disclosure is the list of members of the Management Committees of the Company.