Today, 13 private enterprises were recognised as winners of Thailand's Best Managed Companies awards program at an awards ceremony at Waldorf Astoria Bangkok. Thailand's Best Managed Companies awards program recognises top privately-owned Thai companies for their organisational success as well as contributions to their industry and the economy.
| Thailand Best Managed Companies 2022 Winners | |
| Company | Industry Sector |
| Aksorn Education Public Company Limited | Education |
| Better Pharma Co., Ltd (2021 winner) | Agriculture |
| Carabao Group Public Company Limited (2021 winner) | Beverage Manufacturing & Distribution |
| Central Pattana Public Company Limited | Property Owner & Developer |
| C.J. Express Group Co., Ltd (2021 winner) | Retailer, Grocery, Convenience Stores, Food & Beverage |
| CP-Meiji Company Limited | Food & Beverage Manufacturing |
| JWD InfoLogistics Public Company | Logistics, supply chain solutions. food business, Logistics IT solutions |
| Magnolia Quality Development Corporation Limited | Property Development |
| NR Instant Produce PCL | Food Manufacturing & Distributor |
| Sappe Public Company Limited | Beverage Manufacturing & Distributor |
| Shera Public Limited (2021 winner) | Engineering & Construction |
| S.Khonkaen Foods Public Company Limited (2021 winner) | Food & Beverage Manufacturing |
| WHA Corporation Public Company Limited | Power & Utilities, Real Estate, Renewable Energy Technology, Water & Waste Utilities |
The winning companies are made up of new applicants who have successfully qualified as a Best Managed for the first time along with re-qualifying companies who have qualified to maintain their Best Managed status year on year.
The Best Managed Companies awards programs is a well-regarded international awards program that applies a proven evaluation process to assess the businesses' quality of management in areas including strategy, capabilities and innovation, culture and commitment, as well as governance and financials. Launched in Thailand in 2021, the evaluation of the awards is based on more than 25 years of observed practice from the global awards program that has been rolled out to 48 countries worldwide.
Subhasakdi Krishnamra, Country Managing Partner, Deloitte Thailand, said "The Best Managed Companies awards provides an opportunity to celebrate private companies - those who have shown determination, innovation, and an ability to be at the forefront of their industries and become recognised national and even international brands. The 2022 Best Managed winners are leaders in these areas and would be proud of their significant contributions to their stakeholders and their communities. Congratulations to them. It is an honor and privilege to celebrate their continued commitment to their people, customers, and the community."
Thavee Thaveesangsakulthai, Best Managed Companies Leader, Deloitte Thailand said "We were impressed by the companies' willingness to have conversations about their strengths, challenges and the developments and opportunities they see in their industry. We are hopeful that through participation in the program, these leading companies will have access to new ideas and new networks that will enable them to further advance their goals and spur them to even greater achievements."
Entrants to the program strive for this prestigious designation in a rigorous and independent process that evaluates their management skills and practices. This includes having their business strategy and operations analysed and benchmarked against an evaluation framework that is applied to the 1200-strong community of best managed private companies across the world. Business leaders then use the process to sharpen strategies and derive valuable insights to help them refine their strategies and operations, optimising business growth.
The Best Managed Companies winners are encouraged to re-join the program every year to continuously challenge, improve, and grow their company to retain their Best Managed Companies status. Winners will join the other Best Managed Companies who have achieved this mark of business excellence, thus elevating and adding credibility to their brand, and broadening their market presence. Best Managed Companies winners are invited to the annual regional symposium and networking events.
Thanomvong Taepaisitphongse, Director of Better Pharma Co., Ltd., said, "Better Pharma, a company under Betagro Group, is delighted to receive this award, thank you. Our work process focuses on developing and achieving the best quality. Along with the help from a professional team of experts, Better Pharma utilized the key advantage of Betagro as a fully integrated food service and agricultural company. The recognition from this award serves as an important reminder that Better Pharma can sustainably deliver higher quality medical supplies and feed additives for animals which are accepted internationally, to all customers - in the present and future."
Sathien Sathientham, Chief Executive Officer of Carabao Group Public Company Limited, said, ""As a?CEO?of Carabao Group Public Company Limited,?I am proud to be an award winner in Thailand's Best Managed Companies 2022, for the second time in two consecutive years. This prestigious award reflects our purpose "World class product, World class brand" and the company's proud status as a leading Thai business on the world stage."
Naruechone Athithanabune, Managing Director of C.J. Express Group Co., Ltd, said "This award means a lot to me. Because it reflects the success that CJ MORE is going in the right direction with our own knowledge and belief in the power of creativity from the new generation"
Jaraspon Rujirasopon, Vice Chairman and Chief Executive Officer- International business of S.Khonkaen Foods Public Company Limited, said, "It is an honor of Sor Konkaen to be a winner of Thailand's Best Managed Companies award. The award assures our professional approach as a leading manufacturer and distributor of Thai local food industry in both domestically and internationally. This award comes from the hard work of our teams who commits to co-create the better future of Thai food to serve for Thai food lovers around the world."
Wiroj Tanatchasai, Chief Executive Officer of Shera Public Company Limited, said, "Last year, SHERA was named one of Thailand's Best Managed Companies 2021 by Deloitte. Since then, SHERA has continued to improve our operations. This year, we are deeply honoured to receive the award for the second consecutive year, which is a testament to our efficient organisational management. I am greatly appreciative of the collective efforts of all our employees."
Tawan Dheva-Aksorn Chief Executive Officer of Aksorn Education Public Company Limited, said, Thank you very much for award. We are humbled and delighted to have received the honour you have given us. We learned so much from the selection process. The lab session led us to think more deeply about ourselves. It was an invaluable opportunity for us to reflect. This award inspires us to keep improving ourselves."
Chanavat Uahwatanasakul, Chief Development and Commercial Officer of Central Pattana Plc., said,
"We are delighted to receive this prestigious award from Deloitte as the Best Managed Company in Thailand. We are also honoured to join the list of prestigious past winners who are all distinguished leaders in their respective industries within Thailand, as well as abroad across Southeast Asia.
At Central Pattana, we are guided by our purpose 'Imagining better futures for all'. Winning this award reaffirms the value, and role that we play to create better futures and experiences for our customers, tenants or partners and for the community with which we serve.
As a leading Retail Led Mixed Use Developer over the last 40 years, Central Pattana has been committed tocreating a long term, sustainable and responsible business. We are honoured to be recognized for thiscommitment and dedication that this award aims to highlight on Central Pattana, and proudly putting Thailand on the regional stage."
Salilrut Pongpanite, Managing Director of CP-Meiji Company Limited, said "The Best Managed Companies applicant lab is great program to reflect strengths, weaknesses, and most importantly, area to grow the business. Thanks to Deloitte team who professionally lead us through all well-prepared sequential program. The award is certainly adding value to our company and brands."
Charvanin Bundikitsada, Chairman of the Executive Committee and Chief Executive Officer of JWD Pcl. (JWD), said, "The Best Managed Companies program and the lab helped us reflect on our corporation's health by benchmarking with international standards, covering the entire management processes. Hence, on behalf of JWD Group, I am very proud to receive this award which derived from hardworking collaboration of all the staff and management. We believe that as an award winner in Thailand's Best Managed Companies 2022, this will certainly drive our growth further with sustainability."
Visit Malaisirirat, CEO, of Magnolia Quality Development Corporation Limited said "MQDC is thrilled to be chosen as one of the winners of Thailand's Best Managed Companies for 2022, a testament to our principles, policies and procedures from a global expert of the stature of Deloitte. MQDC and its mother group, DTGO, are convinced that sustainable businesses success is built on ethical, sustainable operations with good corporate governance. This accolade is the achievement of all our team in putting into practice our founding commitment to "For All Well-Being" to enhance well-being for all life."
Dan Pathomvanich, CEO of NR Instant Produce PCL, said "At its core, management is about leadership and solving problems in a multi-stakeholder context. The long-term impacts of climate change will forever change how we produce, purchase and consume food. My business focus has been preparing our company as well as leading this transition as an industry leader. I am truly honored to receive this prestigious award as it's a testament that business can be a force for good as well as perform for shareholders."
Adisak Ruckariyaphong, Vice Chairman and Chairman of Executive Committee of Sappe Public Company Limited, said "This award does not only represent the pride of Sappe but also the pride of the Thai organization to be recognized on the global stage. We will continue to strive for Sappe's sustainable growth and better people's lives through our innovative spirit."
Jareeporn Jarukornsakul, Chairman and Group CEO of WHA Corporation PCL, said, "Receiving this award from Deloitte as one of this year's Best Managed Companies is further assurance to our customers and all other stakeholders that WHA Group is a strong and stable company with forward-thinking management teams and a corporate vision based on sustainability. One of our key missions is to help nurture a new generation of talent that will enable not only WHA Group but Thailand to look forward with optimism and confidence in our future."
An independent judging panel comprising business and academia representatives determined the winners based on the leading practices of Best Managed Companies. This year's jury members are Krittinee Nuttavuthisit, Ph.D Associate Professor of Marketing Sasin School of Management, Chulalongkorn University; Darutsakorn Wisootthisin, Assistant Secretary-General to Thai Bankers' Association and Thanadej Kulpitivan, Managing Editor of BrandAge.
Note to Editors: Some of the winners are listed companies. The term 'private enterprise' is used because the majority share of the company is still held privately either directly or indirectly. This is how we qualify a company's eligibility for the Best Managed Companies program.
About Thailand's Best Managed Companies program
The Best Managed Companies program is an awards program recognising privately held companies for their organisational success and achievement. The 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 1993 in Canada and has become the most significant business awards of its kind. The program is currently active in the Americas, Europe, Asia Pacific and currently launching across Africa.
For more information on the Best Managed Companies program, click here.