Today, four private enterprises* were recognised as the inaugural winners of Malaysia’s Best Managed Companies awards program at an awards ceremony.
An initiative by Deloitte Private, the Malaysia Best Managed Companies awards program recognises top privately-owned local companies with annual revenues exceeding USD25 million for their organisational excellence as well as contributions in their respective industries and the economy.
|Winners of the 2021 Malaysia Best Managed Companies|
|BIG Pharmacy Healthcare Sdn Bhd||Health care|
|MAMEE-Double Decker (M) Sdn Bhd||Consumer|
|MR. D.I.Y. Group (M) Berhad||Retail, Wholesale & Distribution|
|Sunway Berhad||Real Estate, Education, Retail,|
Health care, Hospitality
This program is part of Deloitte’s global Best Managed Companies awards. It applies a proven evaluation process to assess the businesses’ quality of management in areas including strategy, capabilities and innovation, culture and commitment, as well as governance and financials. The evaluation of the awards is based on more than 25 years of observed practice in 37 countries worldwide.
Yee Wing Peng, Chief Executive Officer, Deloitte Malaysia, said: “These companies’ resilience and sustained commitment to their purpose, despite navigating an extraordinary year, has been truly remarkable! The Best Managed Companies awards provide an opportunity to celebrate these outstanding local household brands, who demonstrated the importance of strong leadership, innovation, and agility. To all the winners, congratulations! You have so much to be proud of and we look forward to celebrating your continued commitment to your people, your customers, and our nation in the years to come.”
Some emerging trends among winners include an increased focus on leadership, diversity and inclusion, digital transformation to enable efficiencies, and for many companies – a growing contribution towards community service.
An independent judging panel comprising business and academia representatives determined the winners based on the leading practices of Best Managed Companies. This year’s jury members consisted of Professor Datuk Dr. Asma Ismail, Ibn Sina Chair for Medicine, International Islamic University Malaysia; Datuk Seri Dr. Michael Yam, Chairman, InvestKL Corporation; and Jordy Cao, General Manager, Alibaba Cloud Malaysia.
Companies eligible for this award were shortlisted and underwent a rigorous and independent process. This included having their business strategy and operations analysed, benchmarking them against a global standard evaluation framework, that is applied across the 1,000-strong community of best managed private companies worldwide. Business leaders then use the process to sharpen strategies and derive valuable insights to help them set projections to optimise business growth.
The Best Managed Companies winners are encouraged to re-join the program every year to continuously challenge, improve, and grow their company to retain their Best Managed Companies status.
Winners will join the Best Managed community comprising 1,000 companies who have achieved this mark of business excellence. Being a part of this elite group elevates their brand, increases market visibility and credibility in the industry. Winners are invited to attend the annual regional Best Managed Companies symposium and networking events.
*Note to Editors: Although the winners are listed companies, the term ‘private enterprise’ is used because the majority share of the company is still held privately either directly or indirectly. This is how we qualify a company’s eligibility for Deloitte’s Best Managed Companies program.