Deloitte - Press Release - May 5, 2021
Toronto, May 5, 2021 - Deloitte Canada is thrilled to announce the winners of the 2021 Canada’s Best Managed Companies awards program, spotlighting the top privately-owned Canadian companies with annual revenues over $25 million. This year’s companies—including the program’s 37 new winners—attribute their success in a year of turbulence to clearly defined organizational purpose, fostering a remote work environment, and a clear focus on employee well-being, which has led them to overcome some of today’s most pressing challenges and remain competitive on the world stage.
“In what may be the most challenging year for Canadian businesses since the program’s inception, the 2021 Best Managed winners are a shining example of the importance of leadership, innovation, and resilience in the face of uncertainty,” said Kari Lockhart, National Co-Leader of the Canada's Best Managed Companies program and Partner, Deloitte Private. “These companies should not only be extremely proud of this designation, but for their organizational grit, continued adaptability, and unwavering commitment to their people during a year when it was needed most.”
Although Canada’s Best Managed Companies continue to adapt in their own way in 2021, one important distinction ties them all together—organizational purpose. As each company relies on its own uniquely defined purpose as the lens in which it views challenges, opportunities, and key decisions, this year’s winners can confidently chart a path forward, despite uncertainty.
“This unpredictable year, defined by economic instability, has posed numerous challenges for Canadian businesses and put the principle of organizational purpose to the test, and as seen with this year’s crop of Best Managed winners, it works,” said Peter E. Brown, National Co-Leader of the Canada's Best Managed Companies program and Partner, Deloitte Private. “By using their purpose as the bedrock of their organizational foundation, this year’s winning companies didn’t just weather the storm, but were able to experiment and take risks, seek out new opportunities, and thrive.”
Another important factor in the success of this year’s winners is their commitment to the health and well-being of their people. By emphasizing employee health as a major priority over the past year, Best Managed companies are ensuring their people feel valued, which has long lasting impacts on businesses. Likewise, by enabling a remote work environment and giving employees the confidence to feel safe, this year’s Best Managed Companies are rapidly adapting the way they communicate, empathize, and lead their people.
“One area we’ve seen that’s different than in previous years is how companies view employee well-being, including mental health,” said Dino Medves, Senior Vice President and Head, CIBC Commercial Banking. “Simply focusing on the bottom line is no longer a staple for success. Instead, we’re seeing Best Managed winners—past and present—adapt quickly to a new working environment, while fostering creativity and innovation united in their companies’ purpose. This year’s companies should take pride in being at the forefront of this positive change.”
Best Managed is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes. Generation after generation, Deloitte Private has been by the side of the entrepreneurs transforming Canada's economy – and under its wing, the Best Managed program includes 486 companies, offering a strong network to support the 37 new winners of 2021. The network continues its expansion beyond Canadian borders, now with presence in 37 countries globally.
A complete list of the 2021 Canada's Best Managed winners, Gold Standard winners and Platinum Club winners is available here.
About Canada's Best Managed Companies
Canada's Best Managed Companies continues to be the mark of excellence for Canadian-owned and managed companies with revenues over $25 million. Every year 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 skills and practices. The awards are granted on four levels: 1) Canada's Best Managed Companies new winner (new winners selected each year); 2) Canada's Best Managed Companies winner (award recipients that have re-applied and successfully retained their 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 retained their award for 4-6 consecutive years); 4) Platinum Club member (winners that have maintained their Best Managed status for seven years or more). Program sponsors are Deloitte Private, CIBC, Canadian Business, Smith School of Business, and TMX Group. For further information, visit http://www.bestmanagedcompanies.ca.
About Deloitte Private
Getting you there - Generation after generation, Deloitte has been by the side of the entrepreneurs transforming Canada's economy. Deloitte Private is exclusively focused on serving private clients — of all sizes. We know that the journey to success requires strategic decision making and being opportunistic at the right moment. As Canada's largest professional services advisor to private clients, we are passionate and committed to your future success—always looking ahead to anticipate your needs and prepare you for any unforeseen challenges ahead. Deloitte Private will help you achieve your goals and get you where you want to be. Our focus is getting you there… and beyond. Please connect with us on LinkedIn, Twitter or Facebook.
Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting, and financial advisory services. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
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Source: Deloitte Canada
https://www2.deloitte.com/ca/en/pages/press-releases/articles/canada-best-managed-companies-demonstrate-resilience-to-thrive.html
Posted May 5, 2021 by Kyle Wyskiel