Calling all Irish companies!
Apply for Deloitte’s Best Managed Company Awards 2015 and showcase your power to be the best
First ‘platinum standard’ winners to be recognised in March 2015
Deloitte, the leading business advisory firm, in association with Barclays Bank Ireland, has announced the launch of the 2014/2015 Best Managed Companies Awards Programme. The indigenous Irish companies that are successful in this year’s programme will join the growing network of almost 100 leading companies that have been recognised in the six years since the programme began.
The Best Managed Companies Awards Programme recognises companies of outstanding quality that have demonstrated superior business performance, and showcases the power of the best Irish indigenous companies. The winners over the first six years of the programme have total revenues of approximately €7 billion. The companies recognised for the first time in year six of the programme alone employ nearly 5,000 people.
Competing companies will be put through a rigorous judging process, measuring a company’s performance using a wide range of criteria including strategy, capability, commitment, financials and management performance across all key functions of the business. Companies that are successful at the end of this process will be announced in March 2015.
For the first time, at the awards gala in March 2015, ‘platinum’ winners will be recognised – these are companies that have been awarded Best Managed status each year since the programme began.
Brendan Jennings, Managing Partner, Deloitte and judging panel member, noted: “Over the first six years of the programme, the awards have showcased the very best of Irish businesses and their successes. The Best Managed Companies accolade is an acknowledgement of their achievement. We are now once again searching for like-minded businesses to join this special network. The programme is ready to recognise companies that strive to deliver better, and to do so consistently. We’re excited about hearing from companies that subscribe to this ethos.”
The only awards programme that considers companies from every perspective and evaluates the management practices of companies, the Best Managed Companies judging panel will take a holistic view of the companies, their performance in relation to their peers, and the industries that they are operating in, in order to determine management success.
Andrew Hastings, CEO, Barclays Bank Ireland and judging panel member, said: “We are delighted to continue our support of an awards programme that recognises and rightly celebrates Irish companies that deliver outstanding business performance. From our hands-on involvement last year, we know how beneficial the programme is to those firms taking part, and our team at Barclays Bank Ireland looks forward to working with this year’s entrants to develop their plans and strategies in pursuit of becoming one of Ireland’s best managed companies.”
The awards, which are open to companies from all 32 counties on the island of Ireland, offer benefits to all companies entering the programme – not just the winners. Valuable insights into the ingredients for long-term success of their business will be available to all applicants - and those who progress through the awards process will receive customised feedback and coaching from Deloitte and Barclays Bank Ireland, thereby benefiting from experienced business acumen and expertise.
In addition, winners also receive national and peer recognition, the opportunity to network with their peers in the industry at a gala awards ceremony and attend a symposium organised by the IMI. The ’Best Managed’ designation is an important marketing tool – but, perhaps most importantly, the awards provide a reason to celebrate the efforts of the entire company.
For further information and details of how to enter the awards, visit www.deloittebestmanaged.ie. The closing date for entries is 8 August 2014.
To enter the Deloitte Best Managed Companies Awards programme, companies must meet the criteria listed below. Applications can be made online at www.deloittebestmanaged.ie.
- Irish/Northern Irish substantially privately owned, managed and controlled companies (incorporated in either the Republic of Ireland or Northern Ireland)
- Turnover in excess of €5million (STG£4 million)
- Established for at least 5 years
- Demonstration of superior financial results over past 3 years (in relation to their peers)
There are four different categories of award winners:
- Best Managed Companies: Companies that receive the award for the first time
- Re-qualifiers: Best Managed Companies that apply to requalify for the next two years following receipt of the award for the first time or fourth time. Companies applying for requalification must satisfy the programme eligibility criteria and go through a requalification review process in order to ensure that the companies continue to uphold the Best Managed standard
- Gold Standard: Best Managed Companies that receive the award for the fourth year in a row
- Platinum Standard: Best Managed Companies that receive the award for a seventh year in a row
About Deloitte Best Managed Companies Awards
The Deloitte Best Managed Companies programme, in association with Barclays Bank Ireland, promotes and recognises excellence in Irish/Northern Irish owned and managed companies. It is the only awards scheme on the island of Ireland that considers a business’ performance from every perspective. Entrants to the programme will compete for this designation in a rigorous and independent process that evaluates the calibre of their management abilities and practices.
Programme sponsors are Barclays Bank Ireland plc, the Irish Management Institute and the Sunday Business Post.
For further information, visit www.deloittebestmanaged.ie.
International History of Best Managed Companies Programme
The Best Managed Companies Programme originated in Canada in 1993, where it has been run successfully ever since and is the country’s leading business awards programme. In addition to Ireland and Canada, the programme is also run in The Netherlands and Mexico.