Swedish Business Awards - Swedish Business Summit and Awards 2009

Nominations and the procedure

The awards ceremony will honor three most successful companies in the following nominations:

Fastest growing Swedish company in Lithuania
- Criteria in brief: the highest turnover growth as measured in per cent.
- Limitation: only Swedish-owned companies can apply for this nomination.

Only Swedish owned companies operating in Lithuania for full 3 years are to be considered as candidates in “the Fastest growing Swedish company in Lithuania” nomination category. The award will be given to organization that demonstrated the highest turnover growth in 2008, compared to 2007.

Corporate Social Responsibility. Nomination sponsored by the Swedish Institute and Nordicia Draudimas.
- Criteria in brief: the most relevant contribution to the development of modern business practices, beneficial to the development of the Lithuanian society.

The Swedish Business Awards wish to promote and strengthen the Corporate Social Responsibility (CSR) commitment among corporations. There is a need for greater awareness about CSR and the Swedish Business Awards would like to be a part of that process. The award is an important step to raise the CSR awareness and to attract attention to excellent examples of CSR projects carried out by companies in Lithuania.

Despite of the broad scope of Corporate Social Responsibility we would like to encourage you to nominate environment related projects as this year the organizers would like to explore the environmental aspects of this category.

Innovator of the Year
- Criteria in brief: the most notable innovations in terms of new services, products, or work policies and approaches introduced during the previous year.

An openness to new ways of thinking requires curiosity as well as a strong drive and courage to create new rules. The drive comes from an ambition to change, a desire to create and a longing for what feels new. Innovativeness also requires daring to believe in a better future that leads to crossing borders and innovative results.

The Swedish Business Awards wishes to encourage innovativeness by emphasizing creativity and braveness to break traditional boundaries. The innovation can be related to all aspects of the company’s or organization’s activities: new services, products, or work policies and approaches.

General rules:
• Applications are collected by the Swedish Trade Council in Lithuania (STC). STC systemizes the data and presents it to the Nomination Committee.
• Three nominees per each nomination are proposed by the Nomination Committee to the Decision Committee.
• Final selection of award winners is done by the Decision Committee, using anonymous voting procedure.
• Companies and organizations, represented in the Decision Committee, can not be nominated to any category.
• Capital origin limitation (that was applied in 2006 and 2007) is no longer applicable for Corporate Social Responsibility and Innovator of the year nominations. Target group was extended to all the companies, operating in the territory of Republic of Lithuania.

The entire procedure is carried out according to the highest ethical standards possible.