Based on experience gained during operations in Namibia, Samherji has taken steps to implement a corporate governance and compliance system.
The new system, expected to be implemented later this year, will be part of the Samherji Group’s future management structure and will cover Samherji and all its subsidiaries.
“Samherji will develop and implement a holistic compliance system based on the company’s risk structure with focus on, among others, anti-corruption, economic sanctions and anti-money laundering,” explained Björgólfur Jóhannsson, the interim chief executive of Samherji.
“The compliance system will be key in a new internal program, where we will require all employees to take active part in the process to reassess our values, culture and routines. We will implement a system for risk assessment, code of conduct and policies in the compliance system,” he added.
Björgólfur Jóhannsson said that even though Samherji has faced serious accusations from the media in recent months, the company has managed to protect relationships with customers and partners both domestically and abroad and continued to service all customers as normal. “Our employees have, as always, done a fantastic job focusing on making sure we deliver product of top quality to the local and international market,” he said.
Samherji is currently de-investing its operation in Namibia. The process will be conducted in line with international standards and law.
