Today in Dublin, Deloitte marked the 10th anniversary of its Best Managed Companies Awards, and invited Irish companies to enter this year’s programme, in association with new programme sponsor Bank of Ireland.
The 2007 launch of the first Best Managed Companies Awards coincided with the emergence of the global financial crisis and marked the beginning of a decade of unprecedented economic turbulence for indigenous Irish companies, operating all around the country, and exporting to the UK, Europe and further afield.
The awards programme showcases the success of indigenous companies and acknowledges the contribution that they make to the Irish economy. The network of Best Managed Companies developed over the last decade now stands at 127, and 9 companies are marking a decade within the programme this year. These companies represent excellence in management abilities and practices across all the key functions of their business.
Commenting, Brendan Jennings, Managing Partner, Deloitte said,
“For ten years, we have met and worked alongside some of the finest Irish companies. Some of these were established from opportunities spotted during the downturn, others were faced with the task of surviving during a torrid few years for the Irish and global economies. In spite of the challenges, they have grown and developed and each year they have added to the strength of our “Best Managed” network.
“We’re particularly proud to recognise those who have been on the programme since 2007, and whose performance across all key functions of the business has excelled. Behind each of the companies are entrepreneurs and dedicated teams who navigated funding and staffing challenges, regulatory and taxation changes and many other barriers to growth. Their stories are the stories of Irish business this past decade. We eagerly anticipate the further growth of this network in the coming awards campaign, and we welcome Bank of Ireland as our partner in this year’s programme.”
Michael Torpey, Chief Executive of Corporate and Treasury Bank of Ireland said,
“Bank of Ireland is delighted to come on board as programme sponsor of the Deloitte Best Managed Companies Programme 2018. The programme has been incredibly successful since its establishment 10 years ago and as Ireland’s largest lender, Bank of Ireland strongly supports businesses to grow and develop.
“We will play a very active role in the programme and a number of Bank of Ireland senior staff will be providing one-to-one coaching with individuals from the winning companies. We wish all applicants the best of luck in their applications and look forward to working very closely with Deloitte on the 2018 Best Managed Companies Awards.”
The Best Managed Companies judging panel considers companies from every perspective using a wide range of criteria including strategy, capability, commitment, financials and management performance and practices. They also evaluate companies and their performance in relation to their peers, and the industries that they are operating in, to determine management success. The judging panel includes:
• Frank Ryan, Chairman of the Judging Panel
• Brendan Jennings, Managing Partner, Deloitte
• Tom Hayes, CEO Corporate Banking, Bank of Ireland
• Siobhan McAleer, Head of Strategic Partnerships, Irish Management Institute (IMI)
• Ian Kehoe, Editor, Sunday Business Post
Those who are successful and progress through the awards process will receive customised feedback and coaching from Deloitte and Bank of Ireland. Their strategy and capabilities are assessed through the coaching process, with an independent view and validation on their strategic direction provided. Winners also receive national and peer recognition, the opportunity to network at the gala awards ceremony and attend a symposium organised by the IMI. The ’Best Managed’ designation is an important marketing tool – but, perhaps most importantly, the awards provide a reason to celebrate the efforts of the entire company.
For further information and details of how to enter the awards, visit www.deloittebestmanaged.ie. The closing date for entries is 6th August 2017. Companies that are successful at the end of this process will be announced in March 2018.