The risk of claims resulting from such infringement rests solely with you. If you wish to reuse a component of the work
and putting in place the necessary infrastructure to reduce the risk of errors. The indicator will also provide information allowing comparison of transparency standards for land administration systems around the world.
And requirements that technical experts review the proposed plans before construction even begins can reduce the risk of structural failures later on.
considered more effective in predicting risk than credit histories alone, may improve market efficiency and provide borrowers with more opportunities to obtain credit.
And Uruguay implemented a risk-based inspection system that reduced customs clearance time. HIGHLIGHTS OF REFORMS STRENGTHENING LEGAL INSTITUTIONS Among reforms to strengthen legal institutions in 2013/14,
health insurance, unemployment, an accident risk fund, a guarantee fund and medical leave. BOX 4. 2 Southern European economies continue a steady pace of regulatory reform Greece, Italy,
Introduced or improved risk-based inspections Uruguay Uruguay implemented a risk-based inspection system that reduced customs clearance time.
rising sea levels and the loss of infrastructure. 6 Zoning regulations that take into account environmental threats such as flooding protect citizens by ensuring Zoning the process of planning for land use across geographic areas can help avoid the mixing of incompatible land uses.
and because of high risk levels 0 G1 rural 20 Areas that are still rural or agricultural with an intermediate level of risk,
and reduce the risk of errors. Reliable land administration systems can provide up-to-date information that is sufficient to make meaningful inferences on ownership.
and the opportunities for fraud. 4 It also increases the vulnerability of the records to political instability, poor climate conditions, natural disasters or such incidents as the Great Chicago Fire of 1871,
One that promotes the availability of credit by reducing the risk to lenders of accepting movable assets as collateral.
while minimizing the risk of nonpayment of loans. The Security interests in Personal property Act, which came into force on January 2,
and no assurance that the lender is the only one laying claim to the asset. Collateral registries both enable potential creditors
One study found that credit registries played a valuable role in calculating credit risk for capital
reduces the risk of human error and allows the streamlining of work flows with appropriate business and validation rules.
But the separation also creates risks. Without a proper structure and allocation of duties and rights,
To appeal to more risk-averse investors companies in emerging markets are listing on more developed stock exchanges such as the London Stock exchange, the New york stock exchange or NASDAQ in addition to their home country exchanges.
For example, risks associated with conflicts of interest increase exponentially when a CEO can also be chair of the board of directors
the global financial and economic crisis also led to growing tax compliance risks in some economies.
These were aimed at easing the administrative burden of tax compliance to counter the greater risk of tax evasion during economic downturns.
Changes easing the administrative burden of tax compliance countered the greater risk of tax evasion that arises during economic downturns.
designed to protect individuals from threats to health, safety, morals and welfare. The court decisions spurred a debate over the government's role in imposing limitations on freedom of contract,
free markets would produce perverse incentives to take excessive credit risks, which drive up the cost of the welfare system as a whole. 18 Those arguing against them conclude that courts should enforce all voluntary contracts that do not produce negative consequences for others
They allow entrepreneurs to determine the maximum risk associated with a failed venture. 7 And they allow creditors to calculate the maximum risk associated with an unpaid Loan collection of debt through bankruptcy proceedings may be the least attractive option for any creditor,
because these proceedings involve several creditors trying to enforce their claims against the same debtor. 8 So,
clear risk allocation rules and incentives for gathering and dispensing information Ensuring a transparent and predictable insolvency law that contains incentives for gathering
Whether financial statements must contain explanatory notes on significant accounting policies, trends, risks, uncertainties and other factors influencing the reporting.
Uruguay Trading across borders Uruguay made trading across borders easier by implementing a risk-based inspection system that reduced customs clearance time for both exports and imports.
MEMBER OF LEX MUNDI Md Aminul Islam CITY APPAREL-TEX CO. Rafiqul Islam PROJUKTIBIZ Aminul Islam Nazir ASSURANCE MARITIME BANGLADESH LIMITED
LAW ASSOCIATES Naziba Saima A. QASEM & CO. Khaja Salahuddin Ahmed LEGACY LEGAL CORPORATE Abu Sayed ASSURANCE MARITIME BANGLADESH LIMITED Mohd.
LLC Nhung Dang LVN & ASSOCIATES Phuong Dzung Dang VISION & ASSOCIATES Nguyen Dang Viet BIZCONSULT LAW FIRM Thuy Linh Do KTC ASSURANCE & BUSINESS
INDOCHINE COUNSEL Hoang Anh Nguyen MAYER BROWN LLP Hoang Kim Oanh Nguyen BAKER & MCKENZIE Khanh Ly Nguyen KTC ASSURANCE & BUSINESS
ASSURANCE & BUSINESS ADVISORS-MEMBER OF RUSSELL BEDFORD INTERNATIONAL Viet D. Phan LUATPVD Vu Anh Phan INDOCHINE COUNSEL Dang Anh Quan RUSSIN
& VECCHI Nguyen Que Tam CSP LEGAL LLC Van Anh Thai KTC ASSURANCE & BUSINESS ADVISORS-MEMBER OF RUSSELL BEDFORD INTERNATIONAL Thao Nguyen
and are willing to take the risks necessary to get a business off the ground.
different industries are compared by looking at their vulnerability to digital disruption from two perspectives: the impact intensity (bang) and the imminence of change (fuse.
supermarkets face fewer direct threats from overseas players, due to the perishable nature of grocery goods and the relatively low value of many items,
and are willing to take the risks necessary to get a business off the ground.
if there was a risk of failure, starting-up a business should be avoided, compared to only 28%in the US.
when there is a risk of failure. Based on all of the above, there is a clear need to endow European citizens with an entrepreneurial mind-set by developing a truly digital entrepreneurial culture where failing is not wrong
Figure 11 Risk perception:""One should not start a business if there is a risk of failing"Source:
European commission (2012. Entrepreneurship in the EU and beyond; Deloitte analysis However, it must be remembered that not all European citizens are born natural entrepreneurs.
European Member States are in general more risk averse 23 Pillar 3 Attract, develop and retain high-end digital skills
However, many investors are reluctant to invest in start-ups and innovative firms because of the high risks and transaction costs,
or because they estimate that the expected returns will not compensate for the risk. As access to these traditional financing sources seems to be a barrier for many SMES and start-ups,
what keep people from starting up a company is the fear of risk and the lack of confidence in starting entrepreneurial activities alone.
the financial crisis has highlighted the vulnerability ofindustries and generated debate about future scenarios whereby the country can no longer rely on income from the North sea oil and gas.
Learn and apply a rapid commercialisation process to ideas usingtechniques that minimise time, money and risk;
the risk of an adverse event is reduced, quality is improved, and the unnecessary duplication of tests and investigations eliminated.
However, despite all the positive effects of digitisation, the associated risks and threats cannot be denied. For example, the catchphrase big data refers to the ever increasing volume of digital information that can be used by organisations to make predictions about people's everyday habits
Meanwhile, the sinister threat of cyber espionage is ever present not only for our economy and citizens but also for the state.
For our part, we will make citizens aware of existing security risks and support companies in the use of secure information and communications technologies.
and risks of future developments in digitisation will be funded as part of the innovation and technology analysis. 6. Culture and media Digital technologies and distribution via the Internet have revolutionised
There is a risk of this content becoming unreadable and therefore being lost in the long term due to changes in technology. zzwe are developing a comprehensive strategy
the government also has a responsibility in the networked world to avert risks and criminality.
and create jobs for youth at risk, gangs, and indigenous groups. Heidi has a Master of arts in Communication, Culture,
and an openness to taking risks. It is also essential that new initiatives have a system for tracking progress
Entrepreneurship, on the other hand, adopts Schumpeter's idea of an entrepreneur as one who is dynamic and willing to take risks to exploit existing business opportunities
and risk-reward relationships (what is at stake), among other factors. Values, beliefs and behaviours that are embedded in the local culture influence this decision.
Promoting these kinds of activities requires openness to uncertainty and risk. To date most activities have been supported
one of the main risks, and an important aspect to consider, when talking about citizen engagement is the danger of engaging only those people who are engaged already in an issue,
environmentally, and economically sustainable approaches in the face of specific threats to their sustainability. Moreover, the experimental approach requires that such models of democracy
since this stage exposes the facilitator to the risk of a circularity of bad interpretations.
Assurance of no harm or hurt, which includes both physical safety considerations as well as ensuring that the individual exposed to the solution does not suffer from any negative emotional consequences that amount to hurt feelings.
Avoidance of any classifications by the system which may expose its operation to the risk of stereotyping
as well as averting the risks of misuses that inevitably accompany any step of human evolution. I am thankful to the authors for this startling journey into a nascent field
A main Internet trend-threat is recognised today: an increasing concentration of power in services in the hands of a few data aggregators, none of which are based in Europe (Google controlling nearly 82%of the global search market and 98%of the mobile search market,
For example, even the European Smart Cities project risks being dominated by US companies such as IBM, Google and Ciscos, partly because of the lack of alternatives.
A major risk for the Future Internet is the realisation of the‘Big brother'scenario, with big industrial players (mainly US-based) reinforcing their dominant position by implementing platform lock in strategies,
and by striking strategic alliances between the largest Over-The-Top (OTT) iand largest network operators, there is a risk that the innovation ecosystem will become more closed,
at least 20 million fewer people in or at risk of poverty and social exclusion Social innovation can be a tool to help achieve these targets:
Water, climate change and energy 20%of surface water is at serious risk from pollution;
One issue that social innovation seeks to address is the risk that each administration will develop its own solutions in ignorance of developments elsewhere.
including the willingness to take risks and find creative ways of using underused assets. Social enterprises are driven not solely by the need to maximise profit for shareholders and owners.
The ERDF also provides financial instruments (capital risk funds, local development funds) to support regional and local development
or provide social services and/or goods and services to persons in risk of poverty or exclusion.
thereby sharing the providers'potential risk of loss, or by providing funding to increase microcredit lending.
Once it manages to generate sufficient revenue from loans to pay staff, costs and cover risk,
which is addressed, positive external effects, experimentation and risk taking and involvement of stakeholders. 88 BEPA definition:
However, when looking at long-term risk and the development of prevention and risk reduction, the human factor in social innovation could be a strong lever.
private corporations and individuals to respond to the new social risks with new and more effective approaches and shrinking budgets.
and manage social performance was the best guarantee against the risks to see exploitation of poor people for the sake of profit and system drifts.
This can only happen through a pervasive change of mind-set, with more experimentation, controlled risk taking,
thereby sharing the providers'potential risk of loss, or by providing funding to increase microcredit lending;
developing offers that meet newly emerging risks, beyond fixed social and participation rights and entitlements;
However, there is a risk that inequalities among citizens/individuals will increase in terms of revenue, especially in Europe and the United states. The internet divide will persist within and between countries in terms of access to networks and the internet.
yy In an increasingly complex world, there is an increasing loss of confidence in the institutions and an increasing aversion to risk.
Yet, innovation may be slowed down by a culture of risk aversion. yy The interaction of the widening skills gap,
The successor of the current Europe Regarding the rise in inequality leading to vulnerability Across the spectrum of expected problems is a surge in inequality.
the report argues that the real challenge for European policymakers will be to break the trend of rising poverty risks,
%as well as to have at least 20 million fewer people in or at risk of poverty and social exclusion by 2020.
and risk-sharing instruments). yy Improve their visibility (mapping of social enterprises, database of labels, support for local and national authorities to build integrated strategies for social enterprises, information and exchange platform.
The report includes a recommendation for Member States to focus on energy efficiency measures as a long-term solution to address vulnerability
along with benefits, cover different types of risks that an individual can face during his life course.
and a fund offering senior loans, subordinated loans, risk-sharing loans and equity participation to microcredit providers.
Risk management; Reporting Standards; and Management Information systems. The European microcredit market is a young and growing sector
and risks of this newly emerging form of funding and to explore the added value in potential EU action.
lack of information concerning the rules applicable to crowdfunding, potential risks, such as the risk of fraud or misleading advertising,
or investment risks related to financial-return crowdfunding, as well as the high cost of cross-border operation for crowdfunding platforms that host campaigns offering financial returns.
The European commission adopted a Communication Unleashing the potential of Crowdfunding in the European Union179 on 27 march 2014.
and assess the existing self-regulatory frameworks in terms of improving transparency and reducing the risks of fraud.
and sensors) to create collective and individual awareness about the multiple sustainability threats which our society is facing nowadays.
and the motivation of young people at risk of ESL. Emphasis will be on prevention and intervention and this will contribute to a wider debate on modernising school education to address societal and educational challenges.
or too wary of the risks? Far from it; but certainly more could be done to scale up
which it provides those giving out the prize a means of finding a solution to a problem without shouldering the burden of risk.
Indeed, with competitions, it is the participants who are expected to foot the financial risk. In the social economy,
however, there are arguments for sharing, rather than shifting, the risk. This can be achieved through a stage-gate process
and reward community-led innovation in response to the threats posed by climate change. The Big Green Challenge, aimed at the not-for-profit 3 PROTOTYPING
mitigate the risks of flooding and provide local residents with cheap, renewable energy. Through hydro, wind and thermal power (some of which will be owned community) Green Valleys is hoping to make the 520sq mile area‘energy independent'.
IT, supply chain systems and systems for risk management. These will be translated into an economic or business plan,
and risks are reduced. They sometimes have an advantage over venture capital funding in that they can tap investors who want to make social impact their primary incentive rather than financial returns.
though it remains unclear how much they will be used primarily to spread already proven models (with reasonably reliable risk)
and risk-taking social ventures. It plays an important role in diversifying capital markets for nonprofits and social purpose organisations.
reducing risk, or by facilitating adaptation to changing markets and environments. Complex, multidimensional needs are a key site for potential collaboration.
It brings a number of benefits such as distribution of risk and financing. But it can only work
but the acquisition of new technologies and capacities, the diffusion of risk, and increasing efficiency and standards.
& Jerry's franchises to help train at-risk youth.‘‘Stanford Social Innovation Review.''Summer, 2003.8.
Incumbents tend to deflect threats or to reinterpret radical new ideas in ways that fit existing power structures.
and Sure Start providing intensive support for children to reduce risk factors. Where these succeed they create a political constituency for public investment in early years'education as well as effective models for delivery. 234) New models of the support economy.
and controversial, infrastructure is the creation of a single database of children deemed‘at risk'in the UK.
But there are many structural features of government that inhibit risk taking and innovation. There are barriers (from cost based budgeting and departmental structures, to audit and accountability processes,
Strategic issues Innovation in the public sector always risks being a marginal add-on smallscale in terms of funds, commitment of people and political capital.
Rewards can take the form of recognition, promotion or finance. 317) Appropriate risk management. Public agencies tend to be fearful of risk.
The challenge is to manage risk, not eliminate it. Risk can be managed across a portfolio of projects that span the high return/high risk 1 148 THE OPEN BOOK OF SOCIAL INNOVATION end
as well as medium and low return agendas. A balanced view of risk is vital some innovations spread too slowly
but others spread too fast, without adequate evaluation and assessment, particularly when they win the backing of leaders.
A commitment to evaluation and evidence, and staged development of new approaches, helps reduce risk. 318) Formation
and training to integrate innovation into personal development, training, and culture. Some need to become specialists in spotting, developing and growing ideas.
More generally, innovation, including a licence to take appropriate risks should be part of personal development plans. 319) Circuits of information from users to front line staff and senior managers.
and support innovation (the recent UK National Audit Office (NAO) report on innovation was a major step forward in rethinking audit as a support to innovation rather than a barrier to healthy risk-taking).
New zealand), lotteries provide a primary source of funding for community ventures. 351) Socialising risk. New forms of social insurance for long term care for example
investments combining tranches with different rates of risk/return and different sources of capital (philanthropic, public, private) such as Blueorchard (Switzerland) or Big Issue Invest in the UK. 367
Donors can handle high levels of risk and do need not the certainty of returns of the private sector.
Partly, this is because they face limited access to risk and growth capital, and to highly specialist technical knowledge,
84 Regulation & Legislation 161-162 Relational Capital 74-77 Report Empty Homes 18 Research & Mapping 17-20 Risk 54;
and housing, to avoid the risks of conflict and mutual resentment. The rising incidence of chronic diseases such as arthritis, depression, and diabetes.
Change rarely happens without some brave people willing to take risks and take a stand.
and anyone who does promote innovations risks upsetting powerful vested interests. It's all too easy to conclude that the apparently promising new idea depends too heavily on particular circumstances such as a charismatic individual
Innovation is therefore easier where the risks are contained; where there is evident failure; where users have choice
easier where the risks are contained; where there is evident failure; where users have choice; and where expectations are managed carefully.
so too does funding directed to genuinely risk-taking ideas, experiments, and trials. Yet we are not aware of a single government that has developed a fully fledged machinery for accelerating social innovation in a major sector.
One of the risks of Future Internet is that big industrial players (mainly US-based) will reinforce their dominant position by implementing platform lock in strategies,
Furthermore, by re-centralising computing, data storage and service provision according to the cloud paradigm there is a risk of closing the innovation ecosystem in favour of incumbents or dominant players,
It implies innovating with partners by sharing risk and sharing rewards. Chesbrough (2003) and Forrester (2004) define the main divergences between the principles of closed and open innovation (see Table 1). Closed innovation Open innovation Corporate ethos Not invented here We can do it
they describe a closed government culture, privacy legislation, limited quality of data, lack of standardisation (due to individual decisions), security threats,
and practitioners of DSI, there are a number of perceived future Internet threats (such as concentration of power and surveillance),
A main Internet trend-threat in the current and future Internet ecosystem is recognised today: an increasing concentration of power in the hands of a few data aggregators (e g. over the top players), none of which is located in Europe (Google controlling nearly 82%of the global search market and 98%of the mobile search market,
The risk of claims resulting from such infringement rests solely with you. If you wish to reuse a component of the work
so personal assets of the owners are not put at risk. Where governments make registration easy,
or simply build illegally, leading to hazardous construction that puts public safety at risk. Where compliance is simple, straightforward and inexpensive,
when assessing risk. And they permit borrowers to establish a good credit history that will allow easier access to credit.
Yes for listed companies 1 Must financial statements contain explanatory notes on significant accounting policies, trends, risks,
Governments have introduced tools to facilitate trade including single windows, risk-based inspections and electronic data interchange systems.
A major risk for the Future Internet is the realisation of the Big brother scenario, showing that big industrial players (mainly US based) will reinforce their dominant position by implementing platform lock in strategies,
and by striking strategic alliances between the largest Over-The-Top (OTT) and largest network operators, there is a risk that the innovation ecosystem will become more closed,
Citizens Foundation believe that democracy is under threat, especially as a result of the lack of participation by young people.
This leads to different threat models and a new notion of trust between users. What helps to reach goals and overcome barriers?
and partners on the ground to achieve similar assurances about other materials used in the phone
with the risk of subcontracting critical tasks to global sweatshop factories. Thirdly, Goteo identified that the majority of existing platforms didn't encourage collaboration,
Help streamline the design Makers can reduce risk by basing designs on open-source hardware and taking advantage of a proven design that has operated successfully in the past.
Noting the absolutely fatal project vulnerability of project budgets that assume projects are‘finished 'when they're launched,
While Geiger counters make it possible to produce narratives of nuclear risk as numbers, measurement data per se cannot be a useful resource for nuclear risk knowledge production.
Volunteer Geiger counter users and social media users among others are necessary to produce specific type of nuclear risk knowledge.
To date, Safecast volunteers have mapped radiation levels of over 11 million data points, providing a comprehensive and accurate dataset that was inconceivable before the Safecast project.
As a pro-data organisation, Safecast generates nuclear risk knowledge by harnessing measurement data in multiple ways.
but also Europe, South america and the U s. Ushahidi describe itself as a‘disruptive organisation'willing‘to take risks in the pursuit of changing the traditional way that information flows.'
A major risk for the Future Internet is the realisation of the Big brother scenario, showing that big industrial players (mainly US based) will reinforce their dominant position by implementing platform lock in strategies,
and by striking strategic alliances between the largest Over-The-Top (OTT) and largest network operators, there is a risk that the innovation ecosystem will become more closed,
Citizens Foundation believe that democracy is under threat, especially as a result of the lack of participation by young people.
This leads to different threat models and a new notion of trust between users. What helps to reach goals and overcome barriers?
and partners on the ground to achieve similar assurances about other materials used in the phone
with the risk of subcontracting critical tasks to global sweatshop factories. Thirdly, Goteo identified that the majority of existing platforms didn't encourage collaboration,
Help streamline the design Makers can reduce risk by basing designs on open-source hardware and taking advantage of a proven design that has operated successfully in the past.
Noting the absolutely fatal project vulnerability of project budgets that assume projects are‘finished 'when they're launched,
While Geiger counters make it possible to produce narratives of nuclear risk as numbers, measurement data per se cannot be a useful resource for nuclear risk knowledge production.
Volunteer Geiger counter users and social media users among others are necessary to produce specific type of nuclear risk knowledge.
To date, Safecast volunteers have mapped radiation levels of over 11 million data points, providing a comprehensive and accurate dataset that was inconceivable before the Safecast project.
As a pro-data organisation, Safecast generates nuclear risk knowledge by harnessing measurement data in multiple ways.
but also Europe, South america and the U s. Ushahidi describe itself as a‘disruptive organisation'willing‘to take risks in the pursuit of changing the traditional way that information flows.'
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