Newsletter | Volume 1

The Nordic Corporate Social Responsibility approach is to make a recognized assurance improve Good Governance, Risk Management, and Compliance defaults and redesign the processes and do more than what it is generally expected of accountable global and local companies.

The annual report from businesses must now much more than just numbers, statistics, and glossy immaculate portraits of the board members. All EU companies are now also required to include elaborate non-financial information on diversity, equality, health, environment, safety and working conditions.

EU companies must additionally also disclose in the management report, information on governance policies, risk management advances, failures or defaults. Outcomes as regards to compliance, environmental matters, social and employee aspects, advances in respect to human rights issues, anticorruption and bribery concerns, and progress on diversity are some GRC components that provide vital information to investors and other stakeholders, with a more comprehensive picture of a company's performance.

The 9th annual European GRC Summit in Stockholm on the 22-23rd September at The World Trade Center will present clear guidance on the primary elements of the above components in what we call the GRC3 processes.

The conference agenda is based on a previous survey conducted so that participants will further be provided with the right guidance on the right amount of due diligence on one or more of the right GRC components, to prevent or limit future corporate calamities and avoid further distrust in the business and financial markets

Most global companies have established good governance, risk management, compliance and IT security (GRC) policies and procedures for several years, however, the aftermath of the global financial and credit crisis, demands an update, or a 'second wave' of the GRC assessment based on the new global structures. The process GRC3 includes;

A Review Of Leading Best Practices: What's Next, What's Working And Not
We Scan The Horizon For The Emerging Global GRC Issues
Directing The Internal And External Audit Function Effectively, Based On The New Eu Directives On Audit Independence
Looking Through The Periscope of Global Bribery, Fraud And Corruption Development
Steering The IT Challenges Of Cyber Security, Cloud Computing And Big Data
Realization Value On Governance Thru Shareholder Stewardship
A Road Map To Successful Navigation In The Sea Of Risk Management With A Customized Framework

We are indeed happy to announce that Mr. Jeffrey Avina LLM, Citizenship and Community Affairs director for the Middle East and Africa for the Microsoft Corporation will focus on CSR, Integrity, Ethics, and other related issues. He has comprehensive knowledge on how the EU and global legislative initiatives have relevance for companies and report on how they tackle social governance and responsibility. Jeffrey can guide us on how to integrate the consideration of community into their business strategies, daily operations and relationship with stakeholders.

In the past companies could get away with fancy words in the annual report on the strict adherence to GRC principles, policies, and guidelines. Jeffrey Avina will tell us how to put these words into practice, achievements and considerations and expectations for the future.

More companies are keen to act responsibly and are serious about their social responsibility for sustainability and how they address irresponsible behavior within the organization the GRC3 approach is on:

Global. How to be preemptive, accept criticism and promise to improve beyond the expected
Reality. The organization protects itself by being truthful, reviews and verifies reporting.
Clarity. Management accommodates and accepts and protects itself against criticism and promises to improve

Jeffrey Avina will provide us with in-depth knowledge on the global CSR, governance, compliance and accountability concerns. What are the biggest challenges that affect the business environment and the business-enabling environment?

A review of key challenges that face Companies operating in the region and advances that have been occurring to improve good governance on the public sector side which can build a better enabling environment for existing and potential investors.
A highlight of some of the better cases in the MEA region in this regard, including countries affected by the Arab Spring

Jeffrey Avina, will also conduct a CSR workshop on corporate social responsibility and review the global CSR/ESG purposes, strategies, and implementation approaches

Corporate Social Responsibility or Citizenship in Microsoft terminology CSR, Global Citizenship and Sustainable development play a critical role in identifying particular elements of a business' most vulnerable activities related to good governance.
Enhance strategic thinking, tactical planning, & actionable initiatives on how you can develop in-house CSR, global citizenship, and Sustainable Development risk-based programs
How to leverage the guiding principles that promote a high level of awareness that encourages & identifies the 'red flag' indicators of CSR, global citizenship, and Sustainable Development
How does CSR, and Sustainable Development mandate the cost of doing business to promote social, ethical & reputational standpoint
What are the specific insights on how to develop & implement an action plan for CSR, and Sustainable Development

Therefore attend the 9th annual European GRC Summit in Stockholm on the 22-23rd September at The World Trade Center and learn how to be open about GRC challenges and the dilemmas ahead. Share the GRC lessons learned from your peers - both positive and negative. The entire conference is under the Chatham House Rule. How to be transparent, accountable, precise and specific on the CSR/GRC/BFC and document the social responsibility.