{"id":5922,"date":"2025-05-26T12:11:19","date_gmt":"2025-05-26T12:11:19","guid":{"rendered":"https:\/\/osar.is\/?page_id=5922"},"modified":"2025-10-15T14:55:22","modified_gmt":"2025-10-15T14:55:22","slug":"governance-2024","status":"publish","type":"page","link":"https:\/\/osar.is\/staging\/governance-2024\/","title":{"rendered":"Governance – 2024"},"content":{"rendered":"

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Sound Governance and Health-Focused Emphasis<\/h1><\/div>

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The Board of \u00d3sar and its subsidiaries recognizes the growing demands placed on companies regarding societal responsibility. The Board emphasizes sound governance and its continuous development and strengthening, as it lays the foundation for responsible management, sound decision-making, and reliable communications.<\/p>\n

The group\u2019s governance outlines how internal structure supports active and healthy governance guided by the group\u2019s objectives. We aim to influence society, including the employees of the group, and help individuals maintain health and well-being and improve their quality of life. Our governance reflects these goals and is embodied in health-related emphases when it comes to policymaking, decision-making, goal-setting, and culture\u2014both externally and internally.<\/p>\n<\/div><\/div><\/div>

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\u00d3sar and Subsidiaries\u2019 Code of Ethics and Communication<\/h3><\/div>

\u00d3sar employees adhere to the highest standards, laws, and regulations regarding ethics and communication with stakeholders.<\/p>\n<\/div>

Code of Ethics and Communication<\/span><\/a><\/div><\/div><\/div>
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Honest and Responsible Business Practices<\/h3>\n

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\u00d3sar and its subsidiaries conduct honest and responsible business where bribery and corruption are neither practiced nor tolerated.<\/p>\n<\/div>

Anti-Corruption and Bribery Policy<\/span><\/a><\/div><\/div><\/div>
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\u00d3sar and Subsidiaries\u2019 Code of Ethics and Communication<\/h3>\n<\/div>\n
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\u00d3sar employees adhere to the highest standards, laws, and regulations regarding ethics and communication with stakeholders.<\/p>\n<\/div>\n<\/div>

Code of Ethics and Communication<\/span><\/a><\/div><\/div><\/div><\/div><\/div>
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Honest and Responsible Business Practices<\/h3>\n

\u00d3sar and its subsidiaries conduct honest and responsible business where bribery and corruption are neither practiced nor tolerated.<\/p>\n<\/div>

Anti-Corruption and Bribery Policy<\/span><\/a><\/div><\/div><\/div><\/div><\/div>
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Comprehensive Risk Management and Active Quality Control<\/h1><\/div>

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\u00d3sar\u2019s operations are affected in various ways by external conditions. A major influence is that a significant portion lies within the regulated framework of the healthcare system. The operations are thus governed by laws, regulations, and public oversight, demanding rigorous practices in every respect.<\/p>\n

Healthy governance includes risk management and control. Therefore, we place strong emphasis on integrated risk management and active quality control as part of daily operations.<\/p>\n<\/div><\/div><\/div>

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\u201cAt \u00d3sar, we emphasize comprehensive risk management to mitigate operational risks and ensure that risk-taking aligns with our risk policy and defined risk appetite.<\/p>\n

\u00d3sar\u2019s risk policy is based on ISO 31000 principles. The policy supports consistent practices across \u00d3sar and its subsidiaries and aims to identify, assess, measure, and manage operational risks. The main goal is to treat risks exceeding thresholds, prioritize mitigation actions, and ensure that all parties understand their roles, communication channels, and the importance of risk management.<\/p>\n

\u00d3sar\u2019s and its subsidiaries\u2019 operations involve various risks that require expertise and insights from diverse employees. The knowledge and experience of our staff are critical to effective risk management.\u201d<\/p>\n

Birta \u00d3lafsd\u00f3ttir, Head of Risk Management, \u00d3sar<\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div>

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\u201cAt \u00d3sar, we emphasize comprehensive risk management to mitigate operational risks and ensure that risk-taking aligns with our risk policy and defined risk appetite.<\/p>\n

\u00d3sar\u2019s risk policy is based on ISO 31000 principles. The policy supports consistent practices across \u00d3sar and its subsidiaries and aims to identify, assess, measure, and manage operational risks. The main goal is to treat risks exceeding thresholds, prioritize mitigation actions, and ensure that all parties understand their roles, communication channels, and the importance of risk management.<\/p>\n

\u00d3sar\u2019s and its subsidiaries\u2019 operations involve various risks that require expertise and insights from diverse employees. The knowledge and experience of our staff are critical to effective risk management.\u201d<\/p>\n

 Birta \u00d3lafsd\u00f3ttir, Head of Risk Management, \u00d3sar<\/strong><\/p>\n<\/div><\/div><\/div><\/div><\/div>

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Increased Emphasis on Cyber and Information Security<\/h1><\/div>

Europe has shaped new rules on cyber and information security, which we at \u00d3sar have transformed into a strategy that we believe will yield real long-term success for the group.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

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Helga Bj\u00f6rnsd\u00f3ttir<\/h2><\/div>
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Helga Bj\u00f6rnsd\u00f3ttir<\/strong>, lawyer and Data Protection Officer at \u00d3sar, outlines the actions taken on cyber and information security and the resulting benefits.<\/p>\n<\/div><\/div><\/div>

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Helga Bj\u00f6rnsd\u00f3ttir<\/h2><\/div>
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Helga Bj\u00f6rnsd\u00f3ttir<\/strong>, lawyer and Data Protection Officer at \u00d3sar, outlines the actions taken on cyber and information security and the resulting benefits.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

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We Choose Partners Who Align With Our Values<\/h1><\/div>

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A changing landscape increasingly demands companies to create positive societal impacts through their supply chains. At \u00d3sar, we want to show responsibility through action. We\u2019ve adopted a policy on selecting partners who share the group’s values. To support this, we\u2019ve prepared a Code of Conduct for our partners and set minimum safety requirements for those operating the group\u2019s IT systems. This aims to clearly communicate our expectations to our partners.<\/p>\n

By setting clear demands on ourselves and our partners, we aim to positively influence the supply chain and further contribute to our corporate responsibility.<\/p>\n<\/div><\/div><\/div>

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\u00d3sar’s Partners’ Code of Ethics<\/h3><\/div>

\u00d3sar demand that our partners adhere to laws and regulations around their operations, in addition to ESG compliance.<\/p>\n<\/div>

Partners’ Code of Ethics<\/span><\/a><\/div><\/div><\/div>
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\u00d3sar’s Risk Policy<\/h3>\n

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All entities within \u00d3sar analyze and manage risk in their operations with a regular risk assessment, monitoring and actions.<\/p>\n<\/div>

Risk Policy<\/span><\/a><\/div><\/div><\/div>
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Strengthened Security Infrastructure<\/h1><\/div>

We recognize that the data and information systems handled by our employees are among our most valuable operational assets. In 2024, we completed the implementation of SharePoint and took significant steps in the rollout of a CRM system, alongside other major improvement projects.<\/p>\n<\/div><\/div><\/div>

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Breki Barkarson<\/h2><\/div>
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Breki Barkarson, Director at \u00d3sar\u2019s IT Department, explains the department\u2019s key projects and challenges in 2024.<\/p>\n<\/div><\/div><\/div>

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Breki Barkarson<\/h2><\/div>
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Breki Barkarson, Director at \u00d3sar\u2019s IT Department, explains the department\u2019s key projects and challenges in 2024.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

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Investing in People<\/h1><\/div>

Our governance aims to create opportunities and space for employees to grow and thrive professionally and personally. That\u2019s why we emphasize offering a wide range of education and training suited to a diverse workforce.<\/p>\n<\/div><\/div><\/div>

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Sif Svavarsd\u00f3ttir<\/h2><\/div>
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Sif Svavarsd\u00f3ttir, HR Specialist at \u00d3sar, has led numerous projects in education and workplace improvement.<\/p>\n<\/div><\/div><\/div>

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Sif Svavarsd\u00f3ttir<\/h2><\/div>
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Sif Svavarsd\u00f3ttir, HR Specialist at \u00d3sar, has led numerous projects in education and workplace improvement.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

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Workplace Equality and Improved Livelihoods<\/h3>\n<\/div>

\u00d3sar is home to a strong team of individuals from diverse backgrounds, with varied education and extensive experience. Our human capital is our most valuable asset, and we nurture it professionally and personally.<\/p>\n<\/div><\/div><\/div>

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