The annual EEA and Norway Grants conference on risk and good governance was held in Tallinn (24 - 25 September). The two-day seminar focused on results and risk management in the EEA and Norway Grants.
The seminar was organised by the Financial Mechanism Office in collaboration with Transparency International. The partnership dates back to 2011, where the EEA and Norway Grants entered into a framework agreement with Transparency International to help improve good governance.
“Results-based management and effective identification and handling of risk are valuable tools for ensuring optimal results and efficient use of resources,” said State Secretary at the Norwegian Ministry of Foreign Affairs, Ingvild Stub.
As of September 2014, 1979 projects are under way in 150 programmes in 16 Beneficiary states. Partners from one of the donor countries (Iceland, Liechtenstein and Norway) are involved in 569 of these projects.
Managing risks is an important and integrated part of results-based management. Risk management helps recognise potential problems. It is crucial to strike the right balance between risk taking and application of control measures.
Iceland, Liechtenstein and Norway operate a zero-tolerance policy towards corruption and other mismanagement of funds in the EEA and Norway Grants.