MQDC <\/strong>Magnolia Quality Development Corporation Limited <\/strong><\/span>has been awarded the Thailand Best Managed Companies 2023 Award<\/span> by Deloitte's Best Managed Companies program<\/span><\/strong>, which was first held in 2021 to honor Thai private companies with excellent management practices that contribute to the industry and the country's economy.<\/p>

The Best Managed Companies Award<\/strong><\/span> is designed to inspire and congratulate private companies with outstanding management, as well as to create an international ecosystem network for private businesses. The Best Managed Companies award evaluates the quality of management in four areas: strategy, capability and innovation, corporate culture and commitment, as well as governance and financial management. Companies applying for the program must undergo a rigorous selection process by an independent judging panel in each country. The evaluation process for the award follows international standards that Deloitte has implemented in 46 countries worldwide for over 25 years.<\/p>

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Mr. Suphasak Krisnamara, CEO of Deloitte Thailand<\/span> stated, "The winners of the Best Managed Companies award for 2023 have demonstrated innovation, courage, and resilience in the face of rapidly changing market conditions. They are forward-thinking companies that prioritize delivering value to their personnel, customers, and communities continuously. I congratulate them on their remarkable achievements and look forward to witnessing significant milestones for all winning companies in the near future."<\/p>

"We take pride in the leading private companies that have received the Best Managed Companies award, both those winning for the first time and those receiving it consecutively this year. Whether it's enhancing sustainable practices, promoting employee engagement, or maintaining strong financial status, the award-winning companies have made a difference with their innovative vision and provided the best products and services to their customers," Ms. Kamolwan Choonhakisak, Thailand Best Managed Companies Leader at Deloitte Thailand<\/strong> added.<\/p>

Private companies that apply and receive this prestigious award must go through a rigorous selection process conducted independently to assess the skills and management approaches of each company. This process includes analyzing business strategies and operations and comparing them against a framework used with over 1,300 of the best-managed private companies globally. Organizational leaders can utilize this process to refine strategies and leverage insights to enhance their business growth.<\/p>

The Best Managed Companies award is a program organized by Deloitte Private, a service of Deloitte that focuses specifically on private companies.<\/span><\/span><\/strong><\/p>

MQDC (Magnolia Quality Development Corporation Limited), a leading real estate developer, is another organization that has received the Thailand’s Best Managed Companies award from Deloitte (Thailand) in 2023, reinforcing its commitment to pioneering, innovating, and developing sustainable well-being for all on Earth, or ‘Pioneering in Sustainnovation for All Well-Being.’<\/span><\/p>

Mr. Wisit Malaisirirat, CEO of <\/strong>MQDC<\/strong><\/span> stated, “MQDC is extremely honored to receive the Thailand’s Best Managed Companies 2022 award, reflecting our commitment to driving the company to be an organization of ‘innovation for sustainability.’ Additionally, MQDC has established the MQDC Standard, which encompasses physical health, mental well-being, and the surrounding residential ecosystem, to genuinely enhance sustainable quality of life. Furthermore, we have developed The Forestias, which is another significant project promoting well-being for people, animals, and nature, and we are collaborating with the metaverse to provide quality of life for everything in both the real and virtual worlds. Therefore, receiving this honor demonstrates MQDC's vision and mission to lead the organization toward sustainable success through ethical management, sound policy-making, and good governance and financial management. This award marks another important step for our entire team.”<\/p>