Implemented in 20 countries by Deloitte Private and held in Turkey for the first time last year, the Best Managed Companies program winners were announced for 2019. The companies that applied to the program were meticulously evaluated by a jury headed by Ümit Boyner and 15 finalists were awarded. Petroyağ was presented with Turkey’s “Best Managed Company” title in the field of industrial oils and chemicals.
Ali Sabancı, Batu Aksoy, Ebru Özdemir, Hamdi Akın, M. Buğra Koyuncu, Orhan Turan, Umran İnan and Zeynep Bodur Okyay provided the jury support for the evaluation of the companies. Following the evaluation over four main criteria as strategy, competence and innovation, culture and commitment and governance and financials, 15 of the 37 companies that applied were presented with the “Best Managed Company” title at the ceremony on November 11 at Shangri-La Hotel in Istanbul.
Ünal Soysal, Chairman of the Board of Directors of Petroyağ, said that they are happy and proud for crowning their 26 years of hard work with this award. “At the beginning of this journey, everything started very naturally. We work hard and devotedly with our commitment to our motto ‘good service guarantee to our customers and new product development’. I would like to thank Deloitte for pursuing a very different mission for many years and making effort to bring together Turkish industrial companies in such an effective platform,” said Soysal.
Ali Çiçekli, Leading Partner at Deloitte Private Turkey, said the gains that for the companies throughout the process are as important as the awards. “I believe this program provides guidance on the implementation of good governance principles. We are planning to present Turkey’s Best Managed Companies at the global program next year. Therefore, I think the instructional gains in the evaluation process on the road to the award rather than of the award itself are very valuable and I believe that the program will benefit these companies in the international arena as well. I would like to thank all participants and congratulate the winners,” said Ali Çiçekli.
The common features of the winning companies are as follows:
- An inclusive management structure, including family members and professionals,
- A strong strategy that has resulted from a participatory process,
- Targets determined in a manner consistent with the strategy, and following them at all levels of the company,
- Having a strong financial structure and reporting infrastructure,
- Investing in R&D and innovation,
- Giving importance to corporate values, employee experience and company culture,
- Enhanced awareness of giving back to the community.