Deloitte unveils Thailand’s Best Managed Companies 2024 winners

BANGKOK, 13 August 2024 – Today, Deloitte Thailand unveiled the winners of the 2024 Thailand’s Best Managed Companies awards. Now in its fourth year in Thailand, this prestigious program honours 19 outstanding local businesses for their organisational achievements and impactful contributions to their industries and the economy.

This year, 4 companies achieved the Gold Standard for the first time, having received the Thailand’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 one winner who have newly qualified as Best Managed Companies, alongside 14 companies who have maintained their Best Managed status for two and 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.

“We extend our warmest congratulations to all 19 winning companies on this outstanding achievement. Their dedication to excellence, innovation, and positive impact is truly admirable and inspiring. A special congratulations to the four companies achieving Gold Standard status – a remarkable accomplishment. We are equally proud of our 14 returning winners and our one new recipient. The continued success of these companies is a testament to their unwavering commitment to driving growth and making a positive impact. Their ability to adapt and thrive in the changing and challenging business landscape has been instrumental to their achievements.”, said Subhasakdi Krishnamra, Managing Partner, Deloitte Thailand

Kamolwan Chunhagsikarn, Thailand Best Managed Companies Leader, Deloitte Thailand, added, "It is with great pride that we recognise this year’s exceptional award winners. Over the past four years, we have witnessed the winners build on comprehensive management excellence, enhance organisation agility, create truly distinctive core values, make the social impact, and demonstrate resilience and sustainable growth during the economic downturn. Our program, operated globally, is designed to inspire, celebrate and build an ecosystem of best managed companies with the network over 1,300 winners worldwide. This year marks a pivotal moment as we unveil our refreshed brand identity of the program, symbolising upward progress, global reach, and the power of collaboration.”

CHUA How Kiat, Best Managed Companies Leader, Deloitte Southeast Asia, said, “The winners of 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 the region.”

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 Thailand 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 Thailand’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 its independent judging panel, Darutsakorn Wisootthisin, Assistant Secretary-General, Thai Bankers’ Association, Thanadej Kulpitivan, Managing Editor, BrandAge, and Dr. Pavitra Jindahra, Assistant Professor of Marketing and Lead of Data Analytics Center, Sasin School of Management, Chulalongkorn University.

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 Thailand’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 Thailand’s Best Managed Companies website.

For more information on Thailand’s Best Managed Companies 2024 winners, please click here.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which is a separate and independent legal entity, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Bengaluru, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Mumbai, New Delhi, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

About Deloitte Thailand

In Thailand, services are provided by Deloitte Touche Tohmatsu Jaiyos Co., Ltd. and its subsidiaries and affiliates.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

© 2024 Deloitte Touche Tohmatsu Jaiyos Co., Ltd.