Unveiling Singapore’s Best Managed Companies 2023 winners

SINGAPORE, 8 June 2023 – Deloitte Singapore is delighted to announce the 2023 Singapore’s Best Managed Companies today. The awards program, in its third edition this year, recognises 10 exceptional private businesses in Singapore for their organisational success and contributions to their industry and the economy.

To achieve this Best Managed Companies title, businesses undergo a rigorous assessment led by a panel of multi-disciplinary and independent judges. Applicants are evaluated based on four core pillars, namely strategy, capabilities and innovation, culture and commitment, as well as governance and financials.

This year, the prestigious award in Singapore welcomes one new winner who has successfully qualified as a Best Managed company for the first time, along with nine companies who have qualified to maintain their Best Managed status year-on-year.

Singapore Best Managed Companies 2023 Winners

Shariq Barmaky, Chief Executive Officer, Deloitte Singapore said, “The 2023 Best Managed Companies winners have demonstrated innovation, courage, and resilience in the face of a rapidly evolving market. These forward-looking companies focused on delivering exceptional value to their talent and clients, as well as the communities they serve in. I applaud their stellar achievement and look forward to witnessing more milestones in the coming years.”

“We are proud of the top private businesses that qualify and requalify for our Best Managed Companies award this year. From enhancing their sustainability practices to driving employee engagement and maintaining a strong balance sheet, these Best Managed Companies distinguish themselves by having an innovative vision and offering the best-in-class products and services to their customers,” said Michael Tsia, Best Managed Companies Leader, Singapore & Southeast Asia.

These Singapore winners join a global network of Best Managed Companies comprising more than 1,300 organisations from 46 countries across the Americas, Europe and Asia Pacific. They have also been invited to join the annual Southeast Asia Best Managed Companies Regional Symposium and Gala Dinner 2023 in Bangkok, Thailand on 3 August 2023, for a night of celebration, networking and marketplace recognition.

A panel of independent judges reviewed applications and selected this year’s winners. The Singapore jury members are Victor Mills, CEO of Singapore International Chamber of Commerce; Daniel Simonovich, Affiliate Professor of Strategy at INSEAD; and Ng Jiak See, Deloitte Asia Pacific Financial Advisory Leader.

Best Managed 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 that recognises organisational excellence, success, and entrepreneurial spirit in privately held companies. This program provides a distinct framework for management teams to challenge themselves and benchmark against some of the best private companies in the world.

In its 30th year, the Best Managed Companies program has expanded to 46 countries across the Americas, Europe and Asia Pacific, with 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 Best Managed Companies.