Public Release: 

Global Sourcing Council announces 2008 conference

Stevens professor Christine Bullen serves as president of council

Stevens Institute of Technology

HOBOKEN, N.J. -- The Global Sourcing Council (GSC) is engaging world outsourcing and business leaders in a vibrant exchange of ideas and information on the new dynamics of global risk mitigation on June 18, 2008, in New York at the Down Town Association at 60 Pine Street. Stevens Institute of Technology's Professor Christine Bullen of the Howe School of Technology Management is one four founding members of the GSC.

The 2008 Risk Management in Global Sourcing conference will review the increasingly challenging regulatory and risk conditions affecting global sourcing and identify mission-critical strategies for assessment and mitigation of off shoring, outsourcing and global development. Enterprise customers and service providers alike face new concerns about shifting economic, social and political climates. Could trade in global services be balkanized, defeating the economies of scale, benefits of specialization, global human capital development and value arbitrage of today's market?

"This event will bring together thought leaders to address the increasing complexity of global sourcing, outsourcing and supply chain management" commented Bullen, who serves as president of the Global Sourcing Council, "and we hope to bring new perspectives beyond the classic vendor selection and contract development process."

The Council will feature insights from bankers, captive service providers, outsourcing service providers, risk intermediaries, insurance underwriters, lawyers, globalization research consultants and analysts in the fields of enterprise strategy and globalization. Distinguished speakers include Paul Bennett, Ph.D., chief economist and senior VP, NYSE Euronext speaking on Investing in the Services Industry in Times of Global Uncertainty; Denis Hamilton, divisional SVP, AIG, on Managing Risks: Identifying Key Conflicts and Tensions in Global Sourcing as Seen by the Enterprise Client; Rohit Kapoor, CEO, EXLService, Inc., on the service provider's perspective; William Bierce, attorney, Bierce & Kenerson, P.C. and publisher, Outsourcing-Law.com on Government Policy and the Rule of Law â€" Political Impact on Global Services; Stan Lepeak, managing director, Equa Terra Research; Phil Fersht, research director, BPO, Offshoring and IT Services, Enterprise Strategies Group, AMR Research and distinguished author and innovation analyst Dr. Peter Temes, president of the ILO Institute.

A special panel of insurance underwriters and risk advisors will discuss with risk intermediaries and corporate risk officers risk transfer and risk management tools in global sourcing and supply chain management. "Global sourcing involves complex exposures that require innovative, integrated solutions," observed Ty R. Sagalow, president, AIG Product Development, General Insurance, and sponsor of the conference. "Global enterprises need comprehensive programs to mitigate both traditional and emerging risks. You need to look broadly and deeply, locally and globally. The issues are diverse, including physical, political, credit and fraud risks, business interruption, intellectual property infringement, legal and regulatory liability, privacy and security breaches, cyber-risks, product or service liabilities and, of course, damage to reputation."

The conference begins at 9 a.m. and finishes at 5 p.m. There will be several opportunities throughout the day and after the conference for networking with peers on an interdisciplinary basis in the business process outsourcing industry.

For more information about the conference go to www.gsc.clubexpress.com or to schedule an interview, please contact Erik Plesset, Director, Membership, at 919-781-0400.

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About the Global Sourcing Council

The GSC is a nonprofit organization for people and organizations interested in the social and economic effects of sourcing that promotes an exchange of ideas and information among businesses, trade organizations, government agencies, non-profit organizations and academics. The GSC sponsors events and web networks to discuss and define practices in global sourcing and to encourage progressive economic growth leading to increased trade, investment and social good, all with an overarching aim to increase knowledge, deepen trade relations and broaden commercial and cultural ties among nations.

About AIG

American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

About Stevens Institute of Technology

Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value. Stevens offers baccalaureates, master's and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,040 undergraduate and 3,085 graduate students, and a worldwide online enrollment of 2,250, with about 400 full-time faculty. Stevens' graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.
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