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Monitor Group Selected as One of China's Most Important Companies (2008-11)

November 7^th, 2008, Beijing

Selected from more than 1,500 firms, Monitor represents top tier of businesses operating in China

CAMBRIDGE, Mass., November 7, 2008 – The China Enterprise Confederation has selected Monitor Group as one of 60 leading multinational corporations which have made the greatest contributions to China in the 30 years since the country instituted economic reforms.

"For more than 15 years, Monitor has supported innovation in business, government and Chinese society and this award recognizes the positive contribution we have made to the economy and the country," said Ed Hotard, Chairman of Monitor Group in China. "This award is particularly gratifying because it highlights our commitment to China's economic and sustainable development, thereby improving the standard of living for all Chinese citizens."

Monitor was chosen from more than 1,500 companies in a six-month process that included evaluations by 25 experts and voting by Chinese business and government leaders, as well as readers of China Enterprise News, Sina.com and Eastmoney.com.

Monitor was honored in Beijing on Nov. 7 and 8, at the Diaoyutai State Guesthouse. The event, Grow Together with China—The High-Level Forum to Commemorate the 30th Anniversary of Reform and Opening Up in Multinational Corporations, will recognize honorees, "... for the prominent contributions to the development of China's economy, technological innovation, management innovation and the healthy development of industry and improvement of Chinese citizens' standard of living."

About Monitor Group's Work in China

Monitor Group has been an active participant in China's economy since 1993. The firm has worked within the Chinese commercial and government sectors, as well assisting multinational corporations enter the Chinese market. Monitor, which has offices in Beijing, Shanghai and Hong Kong, has performed successful projects in China in the pharmaceutical, consumer packaged goods, raw materials, heavy industrial, mining, real estate, automotive and telecommunication industries. The firm has carried out engagements across major industries, addressing business, regional and national issues that have been driving China's dramatic economic growth for the past decade. In addition, Monitor has worked with government entities seeking to promote foreign capital investment and economic development in the country and specifically in developing a globally competitive life science industry cluster and eco-cities.

"Monitor brings a critical balance of global reach and China-focused expertise to help clients achieve success in this increasingly competitive marketplace," said Thierry Delmarcelle, President of Monitor Group China. "Because of our close relationships with clients in China, we have been able to deepen our knowledge of this dynamic market, which in turn helps us create value for our clients."

Some recent accomplishments include:

• Over the years Monitor has helped many Chinese companies succeed and become undisputed leaders in their industries. Initially it included bringing international best practices in management and corporate governance, helping find international partners, training executives and develop strategies to grow, innovate and build competitive advantage. More recently, Monitor is helping Chinese CEOs grow their companies into the global leaders of tomorrow including household names such as LiNing, Midea, China Mobile, Huawei, COFCO, Datang, etc.
• Monitor has worked closely with the Chinese Government to help China regions develop economically and build strong industrial bases. For example Monitor has helped Shanghai develop a vibrant Life Sciences industry by planning and growing the Shanghai Pudong Life Sciences cluster. Monitor has also helped to design and build some of the first eco-cities and sustainable real estate development projects in China, pioneering the concept of sustainable development in China. Recently, Monitor is spearheading efforts to help Chinese companies create growth, innovation and competitive advantage through sustainable development, including joint efforts with the China Enterprise Confederation (CEC) and the China Business Council on Sustainable Development.
• In addition to its paid advisory work, Monitor has helped key facets of the development of China through several pro-bono initiatives. An entrepreneurship study resulted in significant policy changes towards innovation and entrepreneurship. Monitor has provide ongoing support to the Boao Forum for Asia and its premier Chinese organized international annual conference. Consultants have helped build partnerships to promote a joint EMBA program between Remnin University business school program and the State University of New York Buffalo School of Management business school as well as support student in other business programs successfully participate in international competitions.

Mr. Edgar Hotard Received the Award from the Committee Member

Dr. Thierry Delmarcelle participated the panel discussion on "Experiences and achievements in past 30 years"