Selected for its well-defined corporate business strategy and its progressive culture of innovation within the work force
The LBS Bina Group Berhad (LBS) has been named as a recipient of the “Best Managed Companies 2022 (Malaysia)” by leading global consulting firm Deloitte.
The Award was conferred by the CEO of Deloitte SEA, Philip Yuen to the Group Managing Director and CEO of LBS Bina Group Berhad, Datuk Wira Joey Lim Hock Guan at an awards ceremony held at the Sunway Resort Hotel last night.
Joey Lim said: “We are indeed honoured and grateful to receive this prestigious award from Deloitte. As a People’s Developer, our focus has always been about the people. Firstly, to house most Malaysians and to bring value to communities. We couldn’t have done it without the amazing people within LBS. This recognition is a timely inspiration for us to continue to be the best, and to keep progressing. That’s LBS!’
Deloitte’s Best Managed Companies award is a leading business awards programme that has been hosted in more than 37 countries since 1993. It recognises top privately-owned local companies (including listed entities with majority shares held privately) for their organisational excellence and contributions to the economy.
LBS Executive Director Dato’ Cynthia Lim, on the award, said: “Today, 70% of the workforce in LBS is aged 40 years and below. We recognise that our workforce is made up of multigeneration and each of them has its own ideology and mindset. Thus, it is crucial for us to understand the dynamics of a multigenerational workforce and work towards narrowing the gap by encouraging discussions and introducing a variety of platforms to speak their mind because no idea is a bad idea. Transparency is equally vital in bridging the gap, be it for the company or our employees” during the Building Culture and Commitment panel session as one of the panellists at the award night on.
Judged by an independent panel of business and academia representatives, LBS was selected for its well-defined corporate business strategy and its progressive culture of innovation within the work force.
To add on, the judges were impressed by LBS’ steady performance despite the challenging environment and commitment towards board independence, CSR as well as sustainability reporting. There was an air of optimism as the judges look forward towards seeing LBS’ continued growth in the coming years.
On the award, Joey Lim said, “I am extremely humbled to have received this accolade on behalf of LBS. We wish to thank the esteemed judges and Deloitte for this award. We were up against an exceptional field of companies in Malaysia and to be selected is indeed testament of the Group’s efforts throughout the years. LBS’ commitment towards ESG, CSR and digitalisation is an indication of our willingness to adapt to the ever-changing environment.
“We recognise the need to remain agile and relevant as we continue our growth story. The success of LBS is tied closely to the adoption of the right business strategies and hard work. Nevertheless, we are aware there is a lot more to be done and we are excited for LBS’ future in the coming years.”
LBS Bina Group Berhad is an internationally recognised developer with a vision for building and inspiring delightful spaces, is a renowned township developer that has amassed numerous awards through their various developments.
