The total donation to the Chair in Young Leadership at the Stockholm School of Economics amounts to SEK 60 million.

King Carl XVI Gustaf himself wanted the gifts from the celebrations to be used to promote young leadership.

"The King has long emphasized the importance and power of young leadership. We look forward with excitement to the results of this new joint investment in a professorship at the School of Business, Economics and Law. Hopefully, the professorship will deepen the knowledge of what influences young leaders' values, behaviours and the effects thereof - not only for the young individuals, but also for organizations and the society in which they operate", says Maria Söderberg, Chair of the Torsten Söderberg Foundation.

In connection with the celebrations, a collection from the business community and the general public for the King's Foundation for Young Leadership was also carried out, raising SEK 30 million. The Torsten Söderberg Foundation has contributed to this cause on previous anniversaries and learned about their rewarding practical work with young leaders.

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