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Recognising the latest wave of Australia’s best privately managed businesses

Deloitte’s Best Managed Companies

Eight successful businesses operating in the technology, transport, commercial construction and financial services sectors have been recognised for their outstanding performance in Deloitte Australia’s 2022 Best Managed Companies awards.

Now in its third year in Australia – and run in association with Google Cloud and Commonwealth Bank – Best Managed Companies (BMC) identifies and celebrates privately-owned and managed companies that are setting the highest standards of business performance, and shines a light on the power of private businesses as innovators, employers and major contributors to Australia’s economy.

In a rigorous and independent assessment process that includes benchmarking against an evaluation framework applied to a strong community of more than 1300 best managed private companies across the world, the BMC judges challenged and evaluated the strengths of applicants – and the winners – across four key pillars: strategy; culture and commitment; capabilities and innovation; and governance and financials.

BMC winners are encouraged to re-join the program each year to continuously challenge, improve, and grow their companies and maintain their Best Managed Companies status. InfoTrack has qualified as a winner for a third successive year. ADCO, Flinders Port Holdings and Kinetic IT are now two-time winners.

Natalie Faull, Deloitte Private partner and Best Managed Companies Asia Pacific leader, said:

“With our Best Managed Companies program now in its third year, we continue our celebration of, and support for, the dynamism, resilience and focus on growth that typify Australia’s best private companies.

“Our 2022 winners – and four are return winners – have well and truly emerged from the challenges of COVID. They successfully navigated the pandemic, but they also used this time of so much upheaval and uncertainty to transform their operations, adopt new digital technologies and build resilience into their business models to drive change, opportunity and growth.

“We have seen their focus on ESG, as a strategic and brand value driver and differentiator, grow further. They want to lead by example, and are proud in identifying the achievements they have made, and the areas in which they want and need to invest.

“And we have also seen another incremental shift in their focus on their people and their wellbeing. They are using workplace flexibility, talent development and both financial and non-financial reward to not only retain their people, support diversity, and as an incentive to attract talent.

“So congratulations to our winners. They are purpose-driven, disciplined organisations, innovators, industry leaders and significant employers who demonstrate what success should look like.”

Deloitte Private Managing Partner, Andrew Culley, said:

“Out of COVID we have seen our Best Managed Company winners demonstrate the agility and resilience that are needed to drive sustained success.

“With well-developed, future-focused business models and strategies they are responding to changing economic environments, customer needs and market channels and are very clearly navigating their futures with confidence.”

Faull also acknowledged the Best Managed Companies program sponsors.

“Google Cloud and Commonwealth Bank continue to bring expertise in their respective fields and a diversity of perspectives to Best Managed Companies that are strongly embraced by our applicants and winners. Their ongoing involvement is so appreciated and valued,” she said.

About the Deloitte Best Managed Companies program

Best Managed Companies was established in 1993 in Canada and has become the most significant business award of its kind. The program is active in 46 countries in the Americas, Europe and Australasia, and is launching across Africa.

The program recognises privately held companies for their organisational success and achievement and provides a distinct framework for management teams to challenge themselves and benchmark against some of the best private companies in the world.

Companies are evaluated by an independent judging panel comprised of representatives from program sponsors, in addition to special guest judges.Over an eight month period, winners receive coaching from leading business advisors, networking opportunities via invitations to exclusive events including premium sponsor events, and key branding and promotional opportunities.

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