Governance
Olsen believes in an open, transparent, and safe working environment and recognises and has a Whistleblowing policy that ensures that anyone suspected of breaching rules and/or ethical policies can be investigated with robust action taken as appropriate all whilst ensuring Whistleblowers are protected. Olsen will ensure that any engagement with lobbying groups is aligned with our climate change and other sustainability commitments as well as our shareholders’ corporate commitments.
Olsen operates internal processes to eliminate fraudulent activity including a twin independent approaval where required for such things as purchasing, expenses, bank transactions, etc…
Olsen and all its Board members are compliant with the highest anti-corruption standards and do not condone or tolerate unethical behaviour at any organisational level. Olsen has a zero-tolerance approach to bribes, money Laundering activity, and tax evasion and operates rigorous financial controls to support this policy. This policy applies equally to all levels of the organisation, particularly when dealing with public officers, including contractors and subcontractors.
The Olsen Board includes a remuneration committee which meets as required to approve compensation matters. Shareholder approval is required for a number of reserved matters including the approval of employee packages which exceed a certain threshold.
Olsen’s Board of Directors agree to share any information which may result in a conflict of interest for Olsen corporately and the individual board members themselves with transparency between each other central to this.
Olsen maintains a Cyber Security Essentials Plus certification adheres to The Data Protection Act 2018 and will ensure that all personal and private data held is kept with the strictest confidence and only used for the purposes it was intended.