Flynn has been named as one of Ireland’s Best Managed companies in the Deloitte Best Managed Companies Awards programme, in association with Bank of Ireland. Flynn which demonstrated superior business performance, was recognised at a gala awards dinner in Dublin on 6 March.
Nine companies have qualified for the first time in the 2020 Best Managed Companies Awards programme. They join a network of 130 companies representing 27 counties across Ireland, with a combined turnover of €11.4 billion, over €3 billion in annual export sales and providing 42,000 jobs.
Anya Cummins, Lead Partner for the Best Managed Companies Awards Programme at Deloitte said: “We are consistently impressed by the organisations that qualify and requalify for our Best Managed Companies Awards programme, and the contribution that this important cohort of the economy make is highlighted by the turnover and employment numbers of the winning companies. While Irish companies across all sectors navigate issues such as talent acquisition and retention, continuing uncertainty around Brexit and regulatory challenges, the management teams of the winning companies have demonstrated their razor-sharp focus on their objectives, an agility to adapt in a disruptive market place and to innovate and use technology as a real differentiator for them.
“The fast pace of disruption in the current marketplace makes it critical for organisations to maintain holistic, integrated strategies and seek long-term growth opportunities. Through the Best Managed Companies Awards Programme, we are working with applicant companies to help them focus on strategies that will drive sustainable growth for them into the future. We are celebrating 130 companies that are not afraid to be challenged on their strategies - in fact want to be challenged - and that have risen to the challenge.”
Nikki Canavan, Senior Director, Bank of Ireland Corporate Banking said: “The Best Managed Companies programme is a unique opportunity for organisations to not only examine and improve upon their overall performance, but importantly to celebrate the hard work that their teams put in all year round. The programme has supported numerous indigenous Irish companies to re-evaluate and strengthen their business strategies and their growth and development plans. It is inspiring to watch such a vast number of companies requalify for this prestigious award and retain their position in this impressive and growing alumni of best managed companies in Ireland.”
The members of this year’s judging panel were: Frank Ryan, Chair of the Judging Panel; Harry Goddard, CEO, Deloitte; Nikki Canavan, Senior Director, Bank of Ireland Corporate Banking; Siobhan McAleer, Commercial Director, IMI; Rose Hynes, Chairman, Shannon Group Board and Origin Enterprises; Feargal Mooney, former Chief Executive Officer of HostelWorld; and Colm O’Reilly, CEO, Business Post.
About the Awards
There are four different categories of Best Managed Companies award winners:
• New Best Managed Companies: Companies that receive the award for the first time. These companies must go through a Phase I and Phase II Best Managed Companies Awards Programme application process.
• Gold Standard: Best Managed Companies that receive the award for the fourth year in a row. These companies must go through a Phase I and Phase II Best Managed Companies Awards Programme application process.
• Platinum Standard: Best Managed Companies that receive the award for the seventh year in a row. These companies must go through a Phase I and Phase II Best Managed Companies Awards Programme application process.
• Re-qualifiers: Best Managed Companies, already in the programme that are not going for new, gold or platinum status. Companies applying for requalification must satisfy the programme eligibility criteria and go through a requalification review process in order to ensure that the companies continue to uphold the Best Managed standard.
About Deloitte Best Managed Companies Awards
The Deloitte Best Managed Companies programme, in association with Bank of Ireland, promotes and recognises excellence in Irish/Northern Irish owned and managed companies. It is the only awards scheme on the island of Ireland that considers a business’ performance from every perspective. Entrants to the programme will compete for this designation in a rigorous process that evaluates the calibre of their management abilities and practices.
Programme sponsors are Bank of Ireland, the Irish Management Institute and the Sunday Business Post. For further information, visit www.deloittebestmanaged.ie.