One nominee is selected per category in each country. The entries come from third party recommendations, including nominations by existing members, statistical information provided by public and private information firms and surveys conducted by the World Confederation of Businesses. WORLDCOB collects nomination requests and gathers a complete corporate profile for each entry. Once a nominating profile is complete and verified, it is forwarded to our evaluation committee for a point-based review that encompasses different criteria for business success.

The evaluation of nominees is entrusted to a committee of select professionals who are members of WORLDCOB and hold different nationalities. They have been carefully selected due to outstanding service in their selected fields, management or quality consulting worldwide. The evaluation committee is independent in its decisions and measures are taken to ensure its unbiasedness. Due to our confidentiality agreement made to guarantee impartial results, WORLDCOB will not make their identities known.

The criteria reviewed under the point-based system:

It implies a process that involves not only the aptitude to take adequate decisions to improve a company, but the skill and strategy to inspire and motivate internally and externally.

An effective Management System incorporates at every level firm principles, technologies and tools that can help to face the challenges of the ever changing local and global markets.

The organization displays a solid commitment to provide their clients with the best product in their industry. They conform to international quality standards and demonstrate a market advantage based on their production of quality.

An evaluation is made to determine if the organization has creatively combined and organized elements, known or new, to form an advantage among its competitors.

The company demonstrates a trend for innovation in both its output to clients and internal structure.

The support provided by the company to the human and professional development of its employees, and its contribution to the community either in its primary activity or optional service.

The company combines many leadership attributes and consistently achieves results beyond their expected levels of success. Through their managerial excellence they have become leaders and have demonstrated market superiority.