What is a Best Managed Company?
The Best Managed Companies programme recognises private businesses which set professional standards of business performance. They are shining examples of resilient entrepreneurship and sustainable growth, resulting in a positive lasting impact on their own company, and the future of our economy.
A globally proven framework is used to assess their leadership qualities and practices in the areas of strategy, capabilities, commitment, and financial performance.
Eligible companies gain a 360 degree view of their business. With access to a dedicated Best Managed coach and exclusive networking through our community, our Best Managed Companies programme does more than recognise success—it sets a foundation for even more of it.
What do you need to know
The global framework for Best Managed Companies
Best Managed Companies is a programme that aims to challenge and recognise the overall strength of successful private companies, while coaching and recognising their leadership teams.
The programme was established in Canada in 1993 where it has been run successfully ever since, and has become the country’s leading business awards programme. Launched in Belgium in 2017, the programme is active in 38 countries and counting.
What constitutes a Best Managed Company?
Deloitte has found that four leading practices are adopted by Best Managed Companies, setting them apart from the average and ensuring that they sustain exceptional performance.
An independent jury of academics and entrepreneurs evaluates applicants against the following pillars:
Alignment & implementation
Best Managed Companies apply a formal methodology for strategy development, execute strategy through strong governance, implement programme management and metrics to measure progress, and clearly and consistently communicate the strategy internally and externally.
Assets & innovation
Best Managed Companies seek to think differently relative to their competitors and focus on embracing innovation and efficiency, develop skills through partnerships, and focus on attracting and retaining the right people internally.
Talent engagement & leadership
Best Managed Companies focus on building a ‘one-team’ culture, promote desired behaviour through an effective performance management process and holistic compensation package, and address succession planning by investing in the NextGen.
Business insights & governance
Best Managed Companies grow and maintain strong P&L and balance sheets, apply key customised metrics, install a mature reporting system to drive business decisions, and build and sustain strong relationships with financial stakeholders.
How to apply
How to become a Best Managed Company?
Who can apply?
Companies that wish to enter the programme must meet the following eligibility criteria:
- Turnover in excess of €10 million
- Established for at least five years
- More than 25 full-time employees
- Majority stake (> 60%) owned by Belgian residents or entities
- HQ or major decision centre in Belgium (operations can be abroad)
- Fully compliant from legal, tax and ethical perspective
- Managing finances effectively, adapting to changing market conditions, over the past three financial years
- Strong governance structure (cf. active advisory board/board of directors)
Companies that do not yet meet all the programme criteria can take part in the Best Managed Labs.
The following companies are ineligible:
Credit institutions, banks, insurance companies, co-ops, SEC (Securities and exchange commission) regulated companies (e.g., SEC registrants and their affiliates), companies active in the gambling industry, Belgian subsidiaries of foreign multinationals, government-owned entities/public sector agencies, charities and not-for-profit organisations and their affiliates and subsidiaries
The application process?
To be considered for Best Managed Companies, new applicants must go through a two phase application process.
Step 1: Register for the programme (Phase 1)
Register for the programme by completing the Phase 1 online application form by Thursday 30 September 2021. All companies deemed eligible are then invited to complete a further more detailed submission.
Step 2: Complete your submission (Phase 2)
Companies shortlisted for the Phase 2 process will work with coaches from Deloitte Private and the programme partners to complete their submission.
Step 3: Review of your submission
Submissions are reviewed by coaches and an independent judging panel.
Step 4: Awarding
Laureates are announced at a major business convention and gala event to be held in May 2022.
What’s in it for your company?
There are obvious benefits to receiving any award but the Belgium Best Managed Companies label offers some unique opportunities.
The benefit of applying
- Coaching your way to success: One to one coaching from Deloitte Private professionals to conduct a detailed self-analysis of your business, focusing on strategic and operational issues, and to help you complete the Best Managed Companies application before it goes to the judging panel.
- Excellent opportunity to review and re-evaluate your business strategy and help with a future development path for your organisation.
- Professional development at the Belgium Best Managed Companies Convention featuring the latest in business leadership and cutting-edge thinking.
- Shine a light on current best practices and areas for improvement.
The benefit of receiving the label
- Increased market visibility and credibility through the exclusive usage of the Belgium Best Managed Companies quality designation/logo.
- Extensive media and online exposure.
- Access to networking opportunities with other exceptional business leaders to learn from peers and share best practices.
- Benchmark your organisation against other strong private companies.
- Strengthened ability to attract and retain talent.
- Recognition by business influencers at an exclusive gala celebration.
- Celebrate the efforts and commitment of your entire company.
Meet the jury
A select group of independent members
The Belgium Best Managed Companies applications are reviewed by an independent judging panel that decides which companies will be recognised with the ‘Best Managed’ designation.
Former CEO & co-founder Melexis
Chairwoman of the Best Managed Companies jury
Until recently, one of few female CEOs in the technology sector, University of Ghent graduate Françoise was CEO and co-founder of Melexis NV, creating innovative micro-electronic solutions for the best imaginable future.
CEO & Chief Economist Econopolis
Geert is a macro-economist and a much sought after commentator on financial and economic matters. Econopolis, an independent asset management and economic consultancy company. He is the writer of the book Econoshock and Gigantism.
Former CEO Ardo
Rik, former CEO of Dujardin, successfully guided the company in the merger with Ardo in 2014. Nowadays, Ardo is a global player and offers high quality frozen vegetables, herbs and fruit around the world.
Professor KU Leuven
Koen has been the general manager of KULeuven for more than 10 years, steering the operational part of the university. He is also a director of KU Leuven Research & Development (LRD) that advances the impact of research results on people's lives around the globe. He is also the Chairman of KBC Group.
Chairman and former CEO of NMC
As a member of the second generation, Yves contributed to the international expansion of NMC, a world leader in synthetic foam located at a stone's throw from the German border. In addition, Yves is involved in the family holding NomaInvest that operates as a strategic partner in innovative projects.
The Best Managed Community
Connecting the best
The laureates become part of the Best Managed community, a local and global network of companies that have achieved this mark of business success. The programme is active in 38 countries and counting.
Successful new entrants to the programme are awarded as New Winners and join the elite Best Managed Community. The network is made up of requalifying winners including those that have been awarded with the Gold Standard (maintained their Best Managed status for four consecutive years).
Members have access to attend the programme's year round events including CEO roundtables, webinars, networking events and the exclusive Best Managed Companies Convention and Gala.
The gala event occurs on the same day as the business convention and is the premier business awards event honouring and celebrating the achievements of the entire team.
Relive the Best Managed Companies celebration show