KCB is proud to have successfully requalified as a 2012 Gold Standard Member of Canada’s Best Managed Program. Gold Standard Members successfully requalify for 4 – 6 years consecutively demonstrating their ongoing commitment to quality management practices.
The winners were announced on February 26th and will be formally recognized at a Gala in Toronto in April.
Growth was at the top of the agenda for Canada’s Best Managed Companies in 2012. Best Managed winners made strategic investments in their companies, platforms, their systems and in their people and in turn, revenue and income grew substantially. Best Managed winners’ revenue grew by 14% to approximately $5.4 billion and more impressively, income grew by approximately 24%.
“During the program’s 20-year history, thousands of private companies have competed for this designation,” says John Hughes, Deloitte partner, national leader for Canada’s Best Managed Companies program and leader of the Toronto Growth Enterprises practice. “This year’s winners have proven that even during a global financial crisis, they are still optimistic about the future, focusing on key operating metrics and accountability.”
Now in its 20th year, the Canada’s Best Managed Companies designation remains an emblem of pride for private Canadian organizations with revenues over $10 million. Fifty new companies have now joined the ranks of other powerhouse Canadian companies that have achieved business excellence.
“Not only are these businesses demonstrating excellence in Canada, but from coast-to-coast we are seeing more private companies expand beyond our borders,” says Dino Medves, senior vice-president, CIBC Commercial Banking. “By harnessing their strong management team, a robust business plan and a solid balance sheet, these companies have created the support necessary for strategic international investment.”