The Copenhagen ComplianceŽ Governance Roadmaps and Framework are based
on the Nordic Governance Model
Nordic companies have transformed authority and mechanisms
of the welfare state and sharpened the corporate governance agenda for strategic
business value, development, and performance. At the conference, we will
provide governance guidance on what, why and how!
The Nordic countries score high grades
in the annual Transparency International report and other International
Governance and business surveys. Nordic food has become fashionable all
over the world because of its natural simplicity. Copenhagen has the world's
best restaurant Noma for several years, and the Danes are the happiest
people in the world. The latest award is from the World Bank's Doing Business
report. For the 4th consecutive year, Denmark is the easiest country in
Europe to do business and is the best European country for business in
2015.
Similarly all Nordic countries score high marks on most corporate, governance
and business surveys and the Nordic countries are focused on governance
issues like political stability, control on bribery and corruption, efficient
public sector, transparency, accountability and legal certainty.
The hands-on approach of Copenhagen Compliance frameworks sets norms for
self-regulation and how far self-discipline can resolve GRC issues at
the transaction level. The framework and methodology focus on issues as
diverse as regulation, competitiveness, shareholder rights, investor engagement
to the sharing of responsibilities to be effective for the benefit of
all stakeholders.
- Nordic boards much less vulnerable to lawsuits and speculations
because they can rely on the support of an active shareholder and
the rule of the corporate business law.
- Stakeholder contribution: The Governance element to combat
the global 'say on pay' disorder and other similar stakeholder concerns
are a non-issue in Denmark. Denmark is not known for excessive executive
pay. The wage level is decent and competitive, and the firm majority
shareholders have the incentives and influence to protect their interests
in spite of the heavy tax burden.
Stakeholder value is evaluated with a broad systemic focus, starting with
an assessment of succession planning. (Copenhagen Compliance Succession
Planning Framework)
The Nordic model avoids empowering conflicts and other shareholder ownership
issues on customs/conditions that shareholder/boards need not address,
proxy voting rights, contingency plans by creating a platform for shareholder
communication for better understanding and listening to their concerns.
Presenting keynote Speaker Mr. Per Lekvall, Chair of the International
Committee of the Swedish Academy of Board Directors, at the 9th annual
European GRC Summit at the World Trade Center in Stockholm. He will speak
on the subject: The Nordic Corporate Governance - A Shareholder-Oriented
Governance Model. 23rd-24th November 2015 http://www.grcassembly.com/
