Ostermalm, Sweden
Ostermalm, Sweden

The Stockholm School of Economics, SSE is one of Europe's leading business schools. SSE is a privately owned business school that receives 78% of its financing from private sources and 22% from the Swedish government. SSE offers bachelors, masters and MBA programs, along with highly regarded PhD- and extensive Executive Education programs .SSE's Masters in Management program is ranked no. 33 worldwide by the Financial Times. QS ranks SSE no.26 among universities in the field of economics worldwide.SSE is accredited by EQUIS certifying that all of its main activities, teaching as well as research, are of the highest international standards. SSE is also the Swedish member institution of CEMS together with universities such as London School of Economics, Copenhagen Business School, Tsinghua University, Bocconi University, HEC Paris, ESADE Business School, and the University of St. Gallen.SSE has founded sister organizations: SSE Riga in Riga, Latvia, and SSE Russia in St Petersburg and Moscow, Russia. It also operates the European Institute of Japanese Studies , a research institute in Tokyo, Japan. Wikipedia.


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On 9 May 2017, during an extraordinary general meeting of Baltic Dairy Board Ltd. members, the following decisions were taken: Elected an audit committee, composed of three members of the audit, for 3 years: Ingura Doble, independent audit committee member, LR sworn auditor since 2008 with vast experience in preparation, control and audit of annual reports and consolidated annual reports for companies with various profile, such as producers, traders and innovation performers and different sector, including food industry, companies. Practical experience is regularly updated with theoretical knowledge, also passing it to other industry professionals – accountants- through seminars and publications. Ivo Līdums, independent audit committee member. Member of the Baltic Dairy Board Council, since 28 April 2016. The experience of Ivo Līdums in the last 4 years is related to management, budget planning and follow-up activities of Riela Latvia Ltd. and ILM Ltd. facilitating long-term cooperation with the existing and potential foreign cooperation partners. His duties included preparation of overviews and reports on the sales results, preparation of proposals, and technical specifications, concluding contracts, managing projects, cooperating with the existing and potential clients. In cooperation with Vides Bioenerģētikas un biotehnoloģijas kompetences centrs Ltd., he has successfully participated in scientific activities, in the group that developed an innovative product, he has managed communication between the client and scientists, organised reporting during meetings, as well as participation in the international exhibitions and conferences. Currently, he is studying at the Doctoral Study Programme “Food Science” at the Faculty of Food Technology of the Latvia University of Agriculture. Edgars Cimermanis, independent audit committee member. Currently, holds Investment Director position in ZGI Capital Ltd. and ZGI Real Estate Ltd., where he monitors the venture capital and real estate investments made, as well as explores new investment opportunities, research and marketing. Currently, holds also the CFO position in JSC Mārupes Metālmeistars, where he monitors financial control, budgeting, and follows its progress, as well as deals with other financial and strategic issues. Previously gained five-year work experience in an international audit and business consulting company KPMG Baltics Ltd., where he provided financial advising for companies from various industries, including food industry. Graduated Stockholm School of Economics in Riga. Currently, acquires the international CFA (Chartered Financial Analyst) degree in financial analysis. 2. Sworn auditor election for the audit of 2017 Annual Report Sworn auditor company Orients Audit & Finance Ltd., Reg. No. 50003597621, LZRA with license No. 28, was elected for the audit of 2017 Annual Report with 100% of the member votes.


On 9 May 2017, during an extraordinary general meeting of Baltic Dairy Board Ltd. members, the following decisions were taken: Elected an audit committee, composed of three members of the audit, for 3 years: Ingura Doble, independent audit committee member, LR sworn auditor since 2008 with vast experience in preparation, control and audit of annual reports and consolidated annual reports for companies with various profile, such as producers, traders and innovation performers and different sector, including food industry, companies. Practical experience is regularly updated with theoretical knowledge, also passing it to other industry professionals – accountants- through seminars and publications. Ivo Līdums, independent audit committee member. Member of the Baltic Dairy Board Council, since 28 April 2016. The experience of Ivo Līdums in the last 4 years is related to management, budget planning and follow-up activities of Riela Latvia Ltd. and ILM Ltd. facilitating long-term cooperation with the existing and potential foreign cooperation partners. His duties included preparation of overviews and reports on the sales results, preparation of proposals, and technical specifications, concluding contracts, managing projects, cooperating with the existing and potential clients. In cooperation with Vides Bioenerģētikas un biotehnoloģijas kompetences centrs Ltd., he has successfully participated in scientific activities, in the group that developed an innovative product, he has managed communication between the client and scientists, organised reporting during meetings, as well as participation in the international exhibitions and conferences. Currently, he is studying at the Doctoral Study Programme “Food Science” at the Faculty of Food Technology of the Latvia University of Agriculture. Edgars Cimermanis, independent audit committee member. Currently, holds Investment Director position in ZGI Capital Ltd. and ZGI Real Estate Ltd., where he monitors the venture capital and real estate investments made, as well as explores new investment opportunities, research and marketing. Currently, holds also the CFO position in JSC Mārupes Metālmeistars, where he monitors financial control, budgeting, and follows its progress, as well as deals with other financial and strategic issues. Previously gained five-year work experience in an international audit and business consulting company KPMG Baltics Ltd., where he provided financial advising for companies from various industries, including food industry. Graduated Stockholm School of Economics in Riga. Currently, acquires the international CFA (Chartered Financial Analyst) degree in financial analysis. 2. Sworn auditor election for the audit of 2017 Annual Report Sworn auditor company Orients Audit & Finance Ltd., Reg. No. 50003597621, LZRA with license No. 28, was elected for the audit of 2017 Annual Report with 100% of the member votes.


Mr. Weild co-authored a number of studies evaluating the impact of the modern electronic markets on the decline in equity capital formation that have been referred to by the White House, U.S. Congress, U.S. Securities and Exchange Commission, the European Commission, the Organization of Economic Cooperation and Development, the Federation of European Securities Exchanges, the G-20, the Budapest Economic Forum and numerous stock exchanges in North and South America, Europe and Asia. These studies have also been credited with contributing to the creation of the JOBS Act. Commenting on his appointment, Mr. Weild said, "Indonesia represents one of the largest opportunities in the e-commerce sector. It is the fourth largest country in the world by population with a GDP just under $1 trillion, yet its citizens are largely underserved by the banking industry and less than 10% even have credit cards. KinerjaPay has found a way to bridge that gap, for both consumers and businesses, and I look forward to working the Company to expanding their platform across Indonesia and Southeast Asia." Edwin Ng, Chairman and CEO for KinerjaPay Corp. commented, "We are so pleased to welcome David to the KinerjaPay Advisory Board. He has spent much of his career focusing on accelerating economic growth and improving competitiveness in the financial markets, and I expect that we will benefit greatly from his expertise as we seek to manage the accelerating growth of our user base and add services to the KinerjaPay platform." Mr. Weild earned his MBA from the Stern School of Business and a BA in Biology from Wesleyan University and studied on exchange at The Sorbonne, Ecole des Haute Etudes Commerciales and The Stockholm School of Economics. He is also Chairman Emeritus of Tuesday's Children (http://www.tuesdayschildren.org), the noted 9/11 charity that also provides support to US military families of the fallen, first responders and set up the Resiliency Center of Newtown. KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at http://www.kinerjapay.com. This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing. Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the U.S. Securities and Exchange Commission on February 11, 2016. For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.


News Article | April 28, 2017
Site: globenewswire.com

Mr Philip Isell-Lind af Hageby has been appointed Executive Vice President, Modular Space, and member of Cramo Group management team, succeeding Mr Petri Moksén. Mr Isell-Lind af Hageby will assume his position in the autumn. Mr Isell-Lind af Hageby most recently comes from Inwido, Europe's largest supplier of windows and a leading door supplier. At Inwido, Mr Isell-Lind af Hageby was Managing Director and Senior Vice President of Inwido Norway, and a member of the Group management team. As Head of Inwido Group’s Norwegian business area, with a turnover of 234 million SEK in 2016, he was also responsible for sales and marketing. Previously, Mr Isell-Lind af Hageby held various positions at SCAN COIN, where he served as Managing Director of Scandinavia, Vice President International Sales, Director of Retail and Director of Group Marketing. He holds a MSc from Stockholm School of Economics. “I am very pleased to welcome Philip Isell-Lind af Hageby as new Executive Vice President, Modular Space. His leadership experience from international companies driving turnaround processes with a clear customer focus will be a great fit to Cramo. Modular Space will continue to be an important growth driver for Cramo in the coming years, and we believe Mr Isell-Lind af Hageby has the right personal qualities and experience to help us capture the opportunities ahead”, says Mr Leif Gustafsson, President and CEO of Cramo Group. “I truly look forward to joining the Cramo team and head up the Modular Space business division. I was really attracted by Cramo’s ambition to develop its business and driving the sharing economy. Modular Space has a strong position with a great value proposition to its customers, and I believe the growth potential is large. It will indeed be exciting to lead the team and develop innovating and game-changing offerings”, says Philip Isell-Lind af Hageby. In his role as Executive Vice President, Modular Space, Mr Isell-Lind af Hageby will report to CEO Mr Leif Gustafsson. Further information Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10 Mr Mattias Rådström, SVP, Communications, Marketing and Investor Relations, tel: +46 70 868 7045 Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries and in about 320 depots. With a group staff around 2,600, Cramo's consolidated sales in 2016 was EUR 712 million. Cramo shares are listed on Nasdaq Helsinki Ltd.


News Article | April 28, 2017
Site: globenewswire.com

Mr Philip Isell-Lind af Hageby has been appointed Executive Vice President, Modular Space, and member of Cramo Group management team, succeeding Mr Petri Moksén. Mr Isell-Lind af Hageby will assume his position in the autumn. Mr Isell-Lind af Hageby most recently comes from Inwido, Europe's largest supplier of windows and a leading door supplier. At Inwido, Mr Isell-Lind af Hageby was Managing Director and Senior Vice President of Inwido Norway, and a member of the Group management team. As Head of Inwido Group’s Norwegian business area, with a turnover of 234 million SEK in 2016, he was also responsible for sales and marketing. Previously, Mr Isell-Lind af Hageby held various positions at SCAN COIN, where he served as Managing Director of Scandinavia, Vice President International Sales, Director of Retail and Director of Group Marketing. He holds a MSc from Stockholm School of Economics. “I am very pleased to welcome Philip Isell-Lind af Hageby as new Executive Vice President, Modular Space. His leadership experience from international companies driving turnaround processes with a clear customer focus will be a great fit to Cramo. Modular Space will continue to be an important growth driver for Cramo in the coming years, and we believe Mr Isell-Lind af Hageby has the right personal qualities and experience to help us capture the opportunities ahead”, says Mr Leif Gustafsson, President and CEO of Cramo Group. “I truly look forward to joining the Cramo team and head up the Modular Space business division. I was really attracted by Cramo’s ambition to develop its business and driving the sharing economy. Modular Space has a strong position with a great value proposition to its customers, and I believe the growth potential is large. It will indeed be exciting to lead the team and develop innovating and game-changing offerings”, says Philip Isell-Lind af Hageby. In his role as Executive Vice President, Modular Space, Mr Isell-Lind af Hageby will report to CEO Mr Leif Gustafsson. Further information Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10 Mr Mattias Rådström, SVP, Communications, Marketing and Investor Relations, tel: +46 70 868 7045 Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries and in about 320 depots. With a group staff around 2,600, Cramo's consolidated sales in 2016 was EUR 712 million. Cramo shares are listed on Nasdaq Helsinki Ltd.


News Article | April 28, 2017
Site: globenewswire.com

Mr Philip Isell-Lind af Hageby has been appointed Executive Vice President, Modular Space, and member of Cramo Group management team, succeeding Mr Petri Moksén. Mr Isell-Lind af Hageby will assume his position in the autumn. Mr Isell-Lind af Hageby most recently comes from Inwido, Europe's largest supplier of windows and a leading door supplier. At Inwido, Mr Isell-Lind af Hageby was Managing Director and Senior Vice President of Inwido Norway, and a member of the Group management team. As Head of Inwido Group’s Norwegian business area, with a turnover of 234 million SEK in 2016, he was also responsible for sales and marketing. Previously, Mr Isell-Lind af Hageby held various positions at SCAN COIN, where he served as Managing Director of Scandinavia, Vice President International Sales, Director of Retail and Director of Group Marketing. He holds a MSc from Stockholm School of Economics. “I am very pleased to welcome Philip Isell-Lind af Hageby as new Executive Vice President, Modular Space. His leadership experience from international companies driving turnaround processes with a clear customer focus will be a great fit to Cramo. Modular Space will continue to be an important growth driver for Cramo in the coming years, and we believe Mr Isell-Lind af Hageby has the right personal qualities and experience to help us capture the opportunities ahead”, says Mr Leif Gustafsson, President and CEO of Cramo Group. “I truly look forward to joining the Cramo team and head up the Modular Space business division. I was really attracted by Cramo’s ambition to develop its business and driving the sharing economy. Modular Space has a strong position with a great value proposition to its customers, and I believe the growth potential is large. It will indeed be exciting to lead the team and develop innovating and game-changing offerings”, says Philip Isell-Lind af Hageby. In his role as Executive Vice President, Modular Space, Mr Isell-Lind af Hageby will report to CEO Mr Leif Gustafsson. Further information Mr Leif Gustafsson, President and CEO, tel: +358 10 661 10 Mr Mattias Rådström, SVP, Communications, Marketing and Investor Relations, tel: +46 70 868 7045 Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries and in about 320 depots. With a group staff around 2,600, Cramo's consolidated sales in 2016 was EUR 712 million. Cramo shares are listed on Nasdaq Helsinki Ltd.


As announced on 23 March, the Nomination Committee furthermore proposes re-election of the Board members Gunnar Németh, Fredrik Näslund, Birgitta Stymne Göransson, Pascale Richetta and Michael Flemming and that Michael Wolf is elected as new Chairman of the Board. For further information on the Nomination Committee's proposal and its updated reasoned statement, refer to www.capio.com. The Nomination Committee, in anticipation of the 2017 AGM, consists of Robert Furuhjelm (Nordic Capital VI Limited), Joakim Rubin (Zeres Capital), Per Hesselmark (R12 Kapital), Per Colleen (Fjärde AP-fonden), Bo Lundgren (Swedbank Robur fonder) and the Chairman of the Board Anders Narvinger. Robert Furuhjelm is the Chairman of the Nomination Committee. Joakim Rubin (born 1960) is founder and CIO of Zeres Capital, based in Stockholm. Prior to founding Zeres, Joakim was a senior partner at CapMan, and Head of its Public Market Fund, and before that Joakim was Head of Corporate Finance and Debt Capital Markets at Handels­banken. Joakim is currently a board member of ÅF and Cramo and serves as Chairman of the Nomination Committee of Eltel. He holds a M.Sc. in Engineering from Linköping University. Michael Wolf (born 1963) most recent position was as President & CEO of the Swedish/Baltic banking group Swedbank AB (publ). Prior to joining Swedbank, Michael was President & CEO of Intrum Justitia AB and before that he held several different leading positions at the insurance company Skandia, including CEO Skandia Group Germany, CIO Skandia Group and Executive Vice President, Head of Division Europe & Latin America. Michael is currently Chairman of the Stockholm Chamber of Commerce and the Anna Lindh Academy. He holds a Degree in Business and Administration from Stockholm University. Gunilla Rudebjer (born 1959) is currently partner at Blomqvist & Rudebjer HB. Gunilla has extensive experience from the service industry and has held several positions as Chief Financial Officer in both public and private companies, such as Scandic Hotels, Cision, Parks & Resorts Scandinavia, Mandator and TUI Nordic. Gunilla serves as Board member and Chairman of the Audit Committee in Ambea AB. She holds a M.Sc. of Business and Economics from Stockholm School of Economics. For further information, please contact: The information was submitted for publication at 08:55 CET on April 27, 2017. This information was brought to you by Cision http://news.cision.com http://news.cision.com/capio-ab/r/change-in-capio-s-nomination-committee-s-proposal-for-board-members-for-the-annual-general-meeting-2,c2251984 The following files are available for download:


News Article | April 28, 2017
Site: www.eurekalert.org

Hotheaded, impulsive men who shoot first and ask questions later are a staple of Westerns and 1970s cop films, but new research shows there might be truth to the trope. A study conducted by researchers from Caltech, the Wharton School, Western University, and ZRT Laboratory tested the hypothesis that higher levels of testosterone increase the tendency in men to rely on their intuitive judgments and reduce cognitive reflection--a decision-making process by which a person stops to consider whether their gut reaction to something makes sense. The researchers found that men given doses of testosterone performed more poorly on a test designed to measure cognitive reflection than a group given a placebo. The research will appear in an upcoming issue of the journal Psychological Science. "What we found was the testosterone group was quicker to make snap judgments on brain teasers where your initial guess is usually wrong," says Caltech's Colin Camerer, the Robert Kirby Professor of Behavioral Economics and T&C Chen Center for Social and Decision Neuroscience Leadership Chair. "The testosterone is either inhibiting the process of mentally checking your work or increasing the intuitive feeling that 'I'm definitely right.'" The study, which is one of the largest of its type ever conducted, included 243 males who were randomly selected to receive a dose of testosterone gel or placebo gel before taking a cognitive reflection test. A math task was also given to control for participant engagement, motivation level, and basic math skills. The questions included on the cognitive reflection test are exemplified by the following: A bat and a ball cost $1.10 in total. The bat costs $1 more than the ball. How much does the ball cost? For many people, the first answer that comes to mind is that the ball costs 10 cents, but that's incorrect because then the bat costs only 90 cents more than the ball. The correct answer is that the ball costs 5 cents and the bat costs $1.05. An individual prone to relying on their gut instincts would be more likely to accept their first answer of 10 cents. However, another person might realize their initial error through cognitive reflection and come up with the correct answer. Participants were not limited on time while taking the test and were offered $1 for each correct answer and an additional $2 if they answered all the questions correctly. The results show that the group that received testosterone scored significantly lower than the group that received the placebo, on average answering 20 percent fewer questions correctly. The testosterone group also "gave incorrect answers more quickly, and correct answers more slowly than the placebo group," the authors write. The same effect was not seen in the results of the basic math tests administered to both groups. The results "demonstrate a clear and robust causal effect of [testosterone] on human cognition and decision-making," they conclude. The researchers believe that the phenomenon they've observed can be linked to testosterone's effect of increasing confidence in humans. Testosterone is thought to generally enhance the male drive for social status, and recent studies have shown that confidence enhances status. "We think it works through confidence enhancement. If you're more confident, you'll feel like you're right and will not have enough self-doubt to correct mistakes," Camerer says. Camerer says the results of the study raise questions about potential negative effects of the growing testosterone-replacement therapy industry, which is primarily aimed at reversing the decline in sex drive many middle-aged men experience. "If men want more testosterone to increase sex drive, are there other effects? Do these men become too mentally bold and thinking they know things they don't?" The paper is titled "Single dose testosterone administration impairs cognitive reflection in men." Co-authors are Camerer's former graduate student Gideon Nave (PhD '16), now at the Wharton School of the University of Pennsylvania; Amos Nadler of Western University in Canada; and David Zava of ZRT Laboratory. Funding for the study came from the MacArthur Foundation, Ivey Business School, International Foundation for Research in Experimental Economics, Russell Sage Foundation, USC, INSEAD, and the Stockholm School of Economics.


Grant
Agency: European Commission | Branch: FP7 | Program: CP-FP | Phase: SSH.2013.3.2-3 | Award Amount: 3.13M | Year: 2014

Research has made seminal contributions to describing the size and scope of the Third Sector, including volunteering as an essential component. However, most of the research has focused on economic benefits (revenues, employment etc.). We highly value these efforts, but posit that the core contribution and main impact of the sector on socio-economic development lies in the creation of social innovation. Our claim is that the Third Sector is better equipped to foster social innovation than the market or the public sector. We will build a set of testable hypotheses that relate to its key characteristics, e.g.: (1) strong value sets; (2) persistent multi-stakeholder constellations; (3) the mobilisation of multiple resources. Against the update of structural data, we aim at testing these hypotheses on the qualitative impacts of the Third Sector in terms of capital building (e. g., social networks, cultural values or political participation) and their direct link to social innovation. We set out to investigate organizations with a special emphasis on volunteering at the micro level, which serves as a bond from and into society. The analysis will include a screening of framework policy conditions and discourses (citizens/media) on the roles and functions of the sector. This strategy will be executed in case studies against major social innovation trends of the last years. The fields we aim to study across 9 countries are: (1) arts & culture; (2) social services & health; (3) environmental sustainability & consumer protection in finance; (4) work integration & community development; all of which are of vital importance face to current societal challenges. By doing so we will not only redefine perspectives on the sector to stress its main impact as driver of social innovation, but also relate to recent EU research (SELUSI, TEPSIE, INNOSERV, WILCO or CINEFOGO) to lift the investigation of social innovation to systemic level highlighting comprehensive innovation ecosystems.


Jonsson B.,Stockholm School of Economics
Clinical Cancer Research | Year: 2013

Health technology assessment (HTA) has become the key health policy instrument for managing the introduction and use of new oncology drugs in Europe. While the methodology of technology assessment, including calculations of cost-effectiveness, is applicable in principle also to oncology, the implementation in practice has its specific problems and consequences. Most of them are linked to the specific need to do the assessment early in the development, with limited data on outcome in clinical practice. Technology assessments ask for estimates of gains in mean survival, whereas trials are powered to study differences in progression-free or overall median survival. The development of targeted therapies and personalized cancer medicine offers opportunities but also increases the complexity of the assessment. Joint assessment of a diagnostic and a new treatment increases the number intervention strategies that must be considered, and thus the need for data. The translation from efficacy in trials to relative effectiveness in clinical practice must also be considered. The close link between pricing of new oncology drugs and their cost-effectiveness makes the use of technology assessment for policy decisions complicated for all stakeholders involved. But without an obvious alternative that is better, the likely future is that HTA will play an increasing role in informing policy decisions aimed at evidence-based cancer care. ©2013 AACR.

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