Deloitte Malaysia named 11 companies winners at Malaysia Best Managed Companies 2022 Awards Ceremony
KUALA LUMPUR, 6 September 2022 – 11 private enterprises were recognised as winners of Malaysia’s Best Managed Companies program at an awards ceremony at the Sunway Resort Hotel & Spa.
An initiative by Deloitte Private, Malaysia Best Managed Companies awards program recognises top privately-owned local companies for their organisational success as well as contributions to their industry and the economy.
|Malaysia Best Managed Companies 2022 Winners|
|BIG Pharmacy Healthcare Sdn Bhd
|Golden Fresh Sdn Bhd
||Food & Beverage Manufacturing
|Guan Chong Berhad
||Food & Beverage Manufacturing, Industrial Products
|Kuala Lumpur Kepong Berhad
|LBS Bina Group Berhad||Property Development & Investment Holdings|
|Mamee-Double Decker (M) Sdn Bhd||Food & Beverage Manufacturing|
|MR. D.I.Y Group (M) Berhad||Retail, Wholesale & Distribution|
|Sunway Group||Real Estate, Education, Retail, Healthcare, Hospitality|
|Valiram Holdings Sdn Bhd||Apparel, Textiles, Footwear, Accessories|
|Vitrox Corporation Berhad||Industrial Products & Technology|
|Yinson Holdings Berhad||Energy|
The Best Managed Companies program benchmarks applicants against four key pillars. The awards ceremony saw four panel sessions consisting of various industry experts engaging in an insightful discussion on the respective key pillars:
In Malaysia, family-owned businesses make up 70% of companies listed on Bursa Malaysia, contributing significantly to the nation’s GDP. Out of our 11 Best Managed 2022 winners, 6 are in Bursa Malaysia’s top 100 companies by market cap, ranging from RM0.5b to RM25b.
This year’s winning companies are made up of new applicants who have successfully qualified as a Best Managed for the first time along with re-qualifying companies who have qualified to maintain their Best Managed status year on year.
The Best Managed Companies awards programs is a well-regarded international awards program that 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. Launched in Malaysia in 2021, the evaluation of the awards is based on more than 25 years of observed practice from the global awards program that has been rolled out to more than 48 countries worldwide.
Entrants to the program strive for this prestigious designation in a rigorous and independent process that evaluates their management skills and practices. This includes having their business strategy and operations analysed and benchmarked against an evaluation framework that is applied across the world. Business leaders then use the process to sharpen strategies and derive valuable insights to help them refine their strategies and operations, optimising business growth.
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 are Professor Emerita Datuk Dr Asma Ismail, Ibn Sina Chair for Medicine, International Islamic University Malaysia; Datuk Sri Dr Michael Yam, Chairman of InvestKL; and Datuk Umar Swift, Chief Executive Officer, Bursa Malaysia Bhd.
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 1200 companies who have achieved this mark of business excellence, thus elevating and adding credibility to their brand, and broadening their market presence. Best Managed Companies winners are invited to the annual regional symposium and networking events.
In its inaugural Best Managed Companies 2021, four companies were recognised. They include BIG Pharmacy Healthcare Sdn Bhd; MR. D.I.Y. Group (M) Bhd; Mamee-Double Decker (M) Sdn Bhd; and Sunway Group.
Best Managed Companies Winners’ Quotes
BIG Pharmacy Healthcare Sdn Bhd (2021 winner)
Lee Meng Chuan, Founder and Chief Executive Officer of BIG Pharmacy Healthcare Sdn Bhd
I am honoured that BIG Pharmacy is the winner of Malaysia’s Best Managed Companies for 2022, sponsored by Deloitte Private for the second consecutive years! I am earnestly grateful for the recognition, and the effort among the team is utmost importance to achieve greater milestone. The biggest honour goes to the team who supported the company to attain its overwhelming success over the years and we strive to ensure everyone always Be In Goodhealth!
Golden Fresh Sdn Bhd
Saw Hai Earn, Chief Executive of Golden Fresh Sdn Bhd
In an industry faced with a sea of challenges, we are proud to say that we have circumnavigated tumultuous currents and ridden the tides through tradition, revolution and innovation for the last 57 years as we continue to reimagine the next wave. This could only be achieved with the right hands on deck and I have no doubt we will continue making waves. This prestigious accolade by Deloitte only signals we are headed in the right direction.
Guan Chong Berhad
Brandon Tay, Chief Executive Officer of Guan Chong Berhad
This award celebrates our organisation’s strong management team and great leadership qualities. Winning this award is a recognition of our collective effort in growing the Group over the years. More importantly, this is an acknowledgement of the support and contribution by our stakeholders – employees, investors, customers, suppliers, regulators and local communities. We would not be here expanding our presence without your continued support. We are humbled and look forward to more growth in coming years.
Kuala Lumpur Kepong
Lee Jia Zhang, Group Chief Operations Officer of Kuala Lumpur Kepong Berhad
KLK has come a long way since 1906 and we are truly grateful and humbled by this recognition. With the guidance of our Board, astute leadership of our senior management team and support of our growing KLK community, we will continue to push the boundaries, strengthen our presence and redouble our commitment as a responsible and sustainable global corporate citizen.
LBS Bina Group Berhad
Datuk Wira Joey Lim Hock Guan, Group Managing Director/ Chief Executive Officer of LBS Bina Group Berhad
We are indeed honoured and grateful to receive this prestigious award from Deloitte Private. As a People’s Developer, our focus has always been about the people. Firstly, to house most Malaysians and to bring value to communities. We couldn’t have done it without the amazing people within LBS. This recognition is a timely inspiration for us to continue to be the best, and to keep progressing. That's LBS!
Mamee-Double Decker (M) Sdn Bhd (2021 winner)
Pierre Pang Hee Ta, Group Chief Executive Officer of Mamee-Double Decker (M) Sdn Bhd
We are extremely proud and grateful to have won the Best Managed Company award from Deloitte for 2022. Winning it in 2021 was an extremely proud moment for us but to win it back-to-back is truly amazing and humbling. I would like to congratulate and thank all Monstars who have worked tirelessly and bravely through the challenges that the pandemic and war has brought upon us. Onwards and Upwards! The best is yet to be!
MR. D.I.Y Group (M) Berhad (2021 winner)
Adrian Ong, Managing Director of MR. D.I.Y Group (M) Berhad
Thank you, Deloitte, for honouring us again with the Best Managed Company Award. The recent years have been challenging, but we remain steadfast in our promise of “Always Low Prices”. This month, we mark the opening of our 1000th store, a clear sign of the relevance and resilience of our brand. Our 13,000-strong team, with our business partners, remain committed to creating innovative retail experiences, delivering outstanding value and positively impacting lives. This award is dedicated to them.
Sunway Berhad (2021 winner)
Evan Cheah, Group CEO, Digital and Strategic Investments of Sunway Group
Winning this award for the second consecutive year is testament to Sunway’s consistent drive to innovate and our commitment to building ecosystems of excellence throughout the organisation. Our 16,000-strong, dedicated staff form the bedrock of a purpose-driven culture that is always guided by Sunway’s core values of integrity, humility and excellence. We believe we can all do well by doing good. I would like to thank all our business partners and customers for their unwavering trust and confidence in the Sunway brand.
Valiram Holdings Sdn Bhd
Sharan Valiram, Executive Director of Valiram Holdings Sdn Bhd
This award generously recognises Valiram’s commitment to not only do well, but to also do good. The framework and structure of Best Managed Company – will continue to help shape our thinking, and our approach. We are very grateful and equally motivated to do more for our customers and for our teams.
Vitrox Corporation Berhad
Chu Jenn Weng, Managing Director/ President/ Chief Executive Officer of ViTrox Corporation Berhad
I'm truly honoured to receive this award on behalf of all ViTroxians. This award affirms our conviction to do the right thing by embracing compassionate innovation as we build the world's most trusted technology company with Integrity, Accountability, Courage, Trust & Respect, and Gratitude & Care.
Daniel Bong Ming Enn, Chief Strategy Officer of Yinson Group
We are deeply honored to be recognised as one of Malaysia’s Best Managed Companies 2022 by Deloitte Private, an award which is benchmarked against global standards for evaluating business strategies and operations. This award is a testament of our efforts to develop organisational excellence and contribute to the economies and communities where we operate, ensuring we continue to create sustainable value for our stakeholders for years to come. Thank you to everyone at Yinson for their passion in ensuring we are on course to achieve our business objectives.
Note to Editors: Some of 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 the Best Managed Companies program.
About Malaysia’s Best Managed Companies program
The Best Managed Companies program is an awards program recognising privately held companies for their organisational success and achievement. The program provides a distinct framework for management teams to challenge themselves and benchmark against some of the best private companies in the world.
The Best Managed Companies program was established in 1993 in Canada and has become the most significant business awards of its kind. The program is active in the Americas, Europe, Asia Pacific and currently launching across Africa.
For more information on the Best Managed Companies program, click here.
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