Hay Group, the global management consulting firm, released its seventh annual Best Companies for Leadership Study, identifying the global Top 20 and Asia’s Top 10 best companies for leadership and examining how those companies nurture talent and foster innovation in their ranks. This year, General Electric topped the global list, followed by Procter & Gamble, IBM, Microsoft and Coca-Cola. As far as Asia is concerned, Samsung Group, Toyota Motors and Unilever led the ranking.

According to Hay Group’s study, the Best Companies for Leadership (BCL) create workplace environments and processes that enable innovation to thrive. In fact, nearly all of the Asia Top 10 companies (90 percent) reported that their leaders regularly celebrate innovation, compared to just 59 percent of other companies. In addition, 84 percent of the Asia Top 10 companies reported that ideas from subsidiaries are just as likely to be implemented as those from headquarters, compared to only 63 percent of other companies.

Source: Hay Group