Discover the Best Managed Companies program

Are you an Australian private business? See how you can benefit

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    What you need to know

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    About the program

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    Eligibility & Process

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    Benefits

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    Winners

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    The Journey

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    How does a company apply to be part of Australia’s Best Managed Companies program?

    Companies can register for the 2022 program via the Best Managed Companies website here

     

    Who is eligible to apply?

    Companies who want to apply must meet the following criteria:

    • Revenue greater than AUD $100million in the most recent year of business
    • Australian-owned private company; OR
    • Foreign-owned, Australian-based (global) headquarters; private company where management team resides in Australia; OR
    • Australian-owned portfolio company controlled by Australian venture capital and Australian private equity firms (greater than 50%); OR
    • Australian-owned public company with fewer than 50% of their shares or units traded
    • Been in operation for more than three years with financial documentation

     

    The following companies are ineligible:

    • Australian-owned public companies with more than 50% of their shares or units traded;
    • Credit unions, banks, mutual or co-operative insurance companies;
    • Co-operatives
    • Subsidiaries of a foreign owned parent where GLOBAL HQ or management is NOT located in Australia;
    • Charities and not-for-profit;
    • Government/public sector agencies; and
    • Partnerships.

     

    Additionally, all companies will be subject to independence review and verification.

     

    For questions concerning eligibility, please contact aubestmanaged@deloitte.com.au

     

    How long does it take a company to apply online?

    The phase one registration process should take a representative of your company no longer than 20-30 minutes to complete. The representative must be an appropriately authorised director or employee of the company applying.

     

    Is my company guaranteed a place to participate in the Best Managed Program for 2022?

    Your phase one application will be reviewed by Deloitte to determine eligibility and in consultation with our co-sponsors (where appropriate) we will confirm with you soon after registration. As a global organisation, Deloitte must adhere to strict independence requirements.

     

    Is there a fee to apply?

    There is no fee to apply and participate in the program.

     

    Is there a deadline to apply?

    Registration to participate in Australia’s Best Managed Companies program in 2022 will close on 31st August 2022. However, your company can commence the phase two lab process as soon as they receive formal approval of eligibility to participate in the program.

    How does the lab coaching process work?

    Deloitte Partner coaches are assigned to assist your company with the application process, including facilitating a 3-hour lab (workshop). The lab is structured to deep dive into the four key pillars of the global best managed companies program framework being i) strategy, ii) culture, iii) innovation capabilities and iv) finance and governance.

    It’s during the lab that the coaches will draw out your company’s strengths and identify any areas for further improvement, against the key global benchmarks in each of these pillars.


    Do I need to prepare anything for the lab?

    No formal preparation for the lab is required by your company.


    Who is required to be present in the lab?

    The most appropriate attendees should be your company key decision makers who understand the business strategy, operations and finance. Therefore, we recommend CEOs, CFOs, CHRO’s, COOs, CSOs, MDs and CMOs.


    Who attends the labs from Deloitte?

    The lab will involve your assigned Deloitte Partner Coach, your Deloitte Lead Client Service Partner (if applicable), a facilitator and if beneficial an additional SME expert.


    What happens after the lab?

    We provide your company with summarised lab notes captured by the facilitator and other Deloitte team members. This information will assist your company in completing your written submission online for final assessment. The final application is submitted online using your Best Managed Companies registered login.

    How long does the online submission take to complete?

    This part comprises questions across four key pillars of global benchmarking addressed in the lab session. Different questions may need to be completed by the most relevant person/s in your company. We often find the marketing team in a company is best placed to support this process. We would expect your online submission to take no longer than 6 hours in total which may include review by your coach prior to submitting.


    What else is required?

    The award submission also requires your logo files, audited financial statements and any other voluntary relevant documentations to support your submission.


    Can I save my information and come back to complete my online application at a later stage?

    Yes, an applicant can save and return to complete an application by logging into their profile via the registration link.


    Can I share access to the portal to complete the submission?

    No, we ask that the questions be completed by one contact in your company who is able to consolidate the required input for each of the questions. We often see the submission completed by a Business Development or Marketing contact.

     

    What is the privacy policy regarding the handling of information?

    More information about how Deloitte will handle your personal information, how you can lodge a complaint, how you can contact us, and how you may access and seek correction of your information is set out in our Privacy Policy.


    For any other enquiries you can contact the privacy review team at privacy@deloitte.com.au


    What happens after my Best Managed Company application is submitted online?

    You will receive an automated confirmation when it has been successfully submitted.


    Your submission will be sent to our independent Judges for careful review.

    The Judges will nominate your company as Best Managed if you meet the Global benchmark to be deemed a Best Managed Company.

    You will be notified before the Symposium & Gala event of the outcome.


    What happens if my application for Best Managed Company is not successful?

    One of the most important aspects of the Best Managed Companies program is the opportunity that the program provides for your company to be part of a global ecosystem of like-minded companies that are focused on continuous improvement. The award, while beneficial, is one element of a very comprehensive long-running program.

    • Benchmarking your business to ensure you either remain best managed, or are receiving local and global peer insights to help you become best managed in the future
    • Unique access for your C-suite/executive teams to engage with Deloitte experts during the lab and a dedicated Coach to guide you during the application process
    • Access to peer-to-peer learning and networking opportunities at exclusive events throughout the year including roundtables with specialists from our partner organisations CBA and Google Cloud
    • Being part of a global ecosystem of private companies that are bold, have purpose and strive to continuously improve
    • Potential to enhance your market visibility and credibility by using the independent Best Managed Companies designation and brand, nationally and globally if you are awarded as Best Managed
    • Independent judges who determine and award the Best Managed Company designation.

    If my company wins, what do I receive?

    You will receive:

    • Media exposure (national, regional and local)
    • Exclusive use of the Best Managed Companies designation for increased market visibility and credibility, both nationally and globally for a 12-month period from award date
    • Strengthened ability to attract and retain top talent through use of globally trusted Best Managed credential
    • Rich national and global networking opportunities with other winning private companies
    • Opportunity to learn and celebrate at the annual Best Managed Companies Symposium and Gala event on 23rd March 2023 in Sydney which includes the formal award presentations.
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    Contact us

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    Natalie Faull

    Best Managed Companies Asia Pacific Lead & Partner, Deloitte Private

    Andrew Culley

    Managing Partner, Deloitte Private

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