ASEAN Business Awards: An Overview

 

Background

Since its establishment by ASEAN Leaders in 2003, the ASEAN Business Advisory Council (ASEAN-BAC) has been active in promoting public-private sector partnership and consultation to assist the integration of an ASEAN Economic Community (AEC) by 2017. In its efforts to bridge ASEAN Governments with its private sectors, the Council launched the ASEAN Business Awards (ABA) in 2007 to give recognition to enterprises that have contributed to the growth and prosperity of the ASEAN economy.

ABA was conceived to be the first of its kind in the region, with the dual objectives of recognizing outstanding ASEAN enterprises, and to serve as a platform to spread information concerning the ASEAN Economic Community (AEC). In addition, ABA also brings to the spotlight promising ASEAN small and medium-sized enterprises (SMEs) that have the potential of becoming global economic players.

A dedicated Working Group of ‘National Gateways’ consisting of ten ASEAN-BAC Members (one representative from each Member State) forms the foundation of ABA. The roles of the National Gateways are to promote the event in their respective countries, as well as to select ‘National Judges’ who will be responsible in selecting the recipients of ABA.

Since it was first launched in 2007, ABA has recognized more than 100 companies throughout the region that excel in the categories of: Growth, Employment, Innovation and Corporate Social Responsibility (CSR). In 2015, however, ASEAN-BAC expanded the categories of ABA to include the Priority Integration Sectors (PIS) of ASEAN element, as well as recognizing outstanding young entrepreneurs and women entrepreneurs.

To ensure the high-quality and independency of such a prestigious event, ASEAN-BAC engages a Strategic Partner each year to administer the implementation of the ABA Framework; short listing nominations of companies; administering the Judges Meeting and assist in promoting the event throughout the ASEAN region. This Terms of Reference (ToR) aims to briefly highlight the event’s objectives, categories and criteria, and tentative plan in carrying out ABA 2017.

Objectives

Aside from recognising outstanding ASEAN enterprises, ABA also has the objectives of serving as a platform to disseminate AEC-related information, as well as to bring to the spotlight SMEs that have the potential of becoming global economic players in their respective industries.

Categories

PRIORITY INTEGRATION SECTORS – EXCELLENCE AWARDS

Outstanding performance and presence in the ASEAN Economic Community Priority Integration Sectors. Includes the recognition of integration and connectivity between ASEAN business owned and operated by the applicant.

Subcategories: Agro-Based, Automotive, Retail, e-ASEAN, Electronics, Fisheries, Healthcare, Logistics, Rubber-based, Textiles, Tourism, and Wood-Based.

SME EXCELLENCE AWARDS

Outstanding performance and presence in the ASEAN Economic Community Priority Integration Sectors. Includes the recognition of integration and connectivity between ASEAN business owned and operated by the applicant. Subcategories: Growth, Employment, Innovation, and CSR

SPECIAL AWARDS

Recognizes enterprises that have created massive social and economic impact in the ASEAN community.

Subcategory: Friend of ASEAN

WOMEN ENTREPRENEUR OF THE YEAR AWARD

Outstanding business owner who has demonstrated significant success through leadership, market positioning and company performance.

YOUNG ENTREPRENEUR OF THE YEAR AWARD

Outstanding business owner below the age of 45 who has demonstrated significant success though leadership, market positioning and company performance.

INCLUSIVE BUSINESS AWARD

Outstanding business models that sustainably create social impact through the company’s core business operations.

LEGACY AWARD

The Legacy Award is for entrepreneurs who have passionately committed themselves to growth and excellence while significantly contributing positive impact to the ASEAN Community. These entrepreneurs set examples by standing the test of time, surpassing challenges, and inspiring others through their successes and triumphs.

PROCEDURE FOR NOMINATIONS / SELECTIONS FOR ABA 2017

The nominations or selections for ABA 2017 can be made via one the following channels:

  • Automatic nominations from national level ABAs;
  • Application through national gateways; and
  • Online applications, either through the website of ABIS or ASEAN-BAC

With regard to application to be made through national gateways, auditors in respective countries are expected to work with national gateways in determining the nominations or selections for ABA. In terms of online applications, appointed auditors’ office in Philippines will take the coordinating role to vet online applications. Auditors are also expected to formulate simple application process, preferably based on the standard of evaluation already accepted in ASEAN.

Application Period: March 15 – June 30, 2017. For more information about the ASEAN Business Awards

2017, please visit www.aba2017.com

 

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