Deloitte unveils Singapore’s Best Managed Companies 2024 winners

SINGAPORE, 13 August 2024 – Today, Deloitte Singapore unveiled the winners of the 2024 Singapore’s Best Managed Companies awards. Now in its fourth year in Singapore, this prestigious program honours ten outstanding local businesses for their organisational achievements and impactful contributions to their industries and the economy.

This year, five companies achieved the Gold Standard for the first time, having received the Singapore’s Best Managed Companies designation over four consecutive years, underscoring their consistent demonstration of excellent management practices. With this achievement, these companies now join the inaugural cohort of Gold winners among Southeast Asia's Best Managed Companies. This community offers opportunities to share insights and best practices, facilitating networking with other top-performing companies to foster learning and industry growth.

In addition, the awards program welcomed two winners who have newly qualified as Best Managed Companies, alongside three companies who have maintained their Best Managed status for three consecutive years. This recognises their sustained commitment to exceptional organisational practices and performance.

To attain a Best Managed Company designation, applicants went through a rigorous assessment conducted by a panel of independent and multi-disciplinary judges. Their evaluation was centred around the program ‘s four pillars: strategy, culture and commitment, capabilities and innovation, as well as governance and financials. This evaluation framework draws on Deloitte’s benchmarking of top private companies worldwide over more than 30 years of the awards’ global history.

Shariq BARMAKY, Country Managing Partner, Deloitte Singapore said: “Congratulations to the 2024 cohort of Singapore’s Best Managed Companies. Their win demonstrates their commitment to the highest standards of organisational excellence amidst an evolving and challenging global marketplace. We believe that the regional network that comes with the Best Managed Companies designation is a catalyst that can propel them to greater heights in Singapore and beyond.”

CHUA How Kiat, Best Managed Companies Leader, Deloitte Southeast Asia, said: “The winners of Singapore’s Best Managed Companies awards stand out for their innovation, purpose-driven value creation, industry leadership, commitment to sustainability, active talent engagement and customer-centric mindset. Having witnessed the evolution of the winners through the awards process, particularly for those who have participated over recent years, it is remarkable to see how they have raised the bar for success among private businesses in Singapore.”

The winners have been invited to join the 2024 Southeast Asia Entrepreneur Summit in Jakarta, Indonesia on 5 November 2024, for a day of knowledge sharing, networking, and marketplace recognition.

The Singapore winners join a global network of Best Managed Companies comprising more than 1,300 organisations from 46 countries across Asia Pacific, the Americas, Europe, and Middle East, and is launching across Africa.

The Singapore’s Best Managed Companies application process provides participating companies with the opportunity to comprehensively assess their entire business, guided by Deloitte subject matter experts. This evaluation encompasses performance, management practices and strategic goals. This year, the program welcomes new members to its independent judging panel: Eng Aik Meng, Group Chief Executive Officer of TE Healthcare Advisory Pte Ltd; Professor Annie Koh, Professor Emeritus of Finance (Practice) of Singapore Management University; Isabella Huang-Loh, Chairman of the Singapore Environment Council; and John Lim, Chairman of Boustead Projects Limited.

Best Managed Companies is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes.

Note to Editors: Some of the winners are listed companies. The term “private enterprise” is used because the majority of the company’s shares are still privately owned, either directly or indirectly, which is a requisite for a company’s eligibility for the Best Managed Companies program.

About Singapore’s Best Managed Companies program

Best Managed Companies is a global awards program recognising privately held companies for their organisational success and entrepreneurial spirit.

This 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 Canada in 1993. It has since expanded to 46 countries across Asia Pacific, the Americas, Europe and Middle East, and is launching across Africa. There is a global network of over 1,300 outstanding companies, and these companies come together as a community to build alliances and share insights.

For more information on the awards program, visit the Singapore’s Best Managed Companies website.

About Deloitte

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© 2024 Deloitte Southeast Asia Ltd.