Today marks the official launch of the call for applications for Canada’s 50 Best Managed Companies program 2011. Now in its 19th year, the nationwide search continues for companies who demonstrate the power of being the best through their business excellence, calibre of management abilities and practices.
The Best Managed designation is an emblem of excellence and a source of pride for private companies. Canadian-owned and managed private companies and public companies with fewer than 50% of their shares or units traded with revenues over $10 million are invited to submit their Phase I application towards earning one of the country’s premier business awards.
“We’ve been committed to fostering the success of Canadian companies since 1993 and today we call on businesses that embody the hallmarks of excellence to be recognized,” says John Hughes, partner, Private company services, Deloitte, and national leader of Canada’s 50 Best Managed Companies program. “We invite companies to apply and discover the power of the best, and continue to raise the profile of the great work being done by private companies.”
A rewarding experience, the application process delivers insights that further strengthen companies’ business models. It is an opportunity for companies to re-examine their processes, reenergize the organization, and look for new opportunities. Overall, the program provides participants with an exceptional opportunity to gain knowledge from some of Canada’s top business leaders.
New this year, the program has added a Gold Standard designation for companies who have maintained their designation after three consecutive years and demonstrated a commitment to the program, creating a four-tier award program:
- Best Managed winner: first-time winners
- Requalified member: repeat winners retaining designation for two years
- Gold Standard winner: designation maintained after three consecutive years
Platinum Club member: designation maintained for a minimum of six consecutive years
The deadline for Phase I applications is 5:00 p.m. EST on September 23, 2011, and winners will be announced in February 2012. Recognition of this great achievement will take place March 27, 2012 during an evening of celebration at Canada’s 50 Best Managed gala.
About Canada’s Best Managed Companies
Canada’s 50 Best Managed Companies program continues to be the mark of excellence for Canadian-owned and managed private companies with revenues over $10 million. Since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management strategies and practices. The awards are granted on four levels: 1) Best Managed winner — one of the 50 new winners selected each year; 2) Requalified member — repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review; 3) Gold Standard winner — after three consecutive years of maintaining their Best Managed status, these winners have demonstrated their commitment to the program and successfully reapplied for the designation; companies may requalify for two additional years, subject to annual operational and financial review; 4) Platinum Club member — winners that maintain Best Managed status for a minimum of six consecutive years. Program sponsors are Deloitte, CIBC, National Post and Queen’s School of Business. For further information, visit http://www.canadas50best.com/. Visit the online community for private companies: the Best Managed channel on the Financial Post Executive site.