Our group of companies’ core business is the import and marketing of medicinal products, medical devices, and other products related to health care services and health promotion. Our nationwide volume of medicinal products and medical devices operations is extensive, consisting of an important chain of Iceland’s health care system. That said, the scope of our operations requires a solid modus operandi with vigilance and responsibility taking precedence.

Veritas Code of Conduct and Interactions with Health Care Professionals, which also applies to Veritas subsidiaries, were adopted in 2018, and include specific standards for interactions with health care professionals. We also operate pursuant an international code of conduct and relationships between pharmaceutical companies and health care professionals (The EFPIA Code). The objective of those standards is to ensure a professional modus operandi in the marketing of medicinal products, and that all decisions made by public officials are sound and indubitable. The EFPIA Code was adopted as required by Directive 2001/83/EC of the European Parliament and of the Council, and its amendments.

Our corporate values are Reliability, Candour, and Progress. Those values have been the core of our business for almost two decades and are honoured in all our day-to-day operations. They express our expectations from our staff on how both internal and external interactions should be conducted, how decisions should be made, and what should be the focus of our activities. 

Veritas group of companies consists of a parent company and five subsidiaries. We focus on a clear organisational structure and well defined responsibilities. Each subsidiary enjoys a degree of autonomy, with their own general manager who subordinates to their own board of directors. Link to the parent company is warranted by the fact that the parent company’s CEO is a member of the board of each subsidiary, which is also formed by 2-3 external board members. All boards of directors within our group of companies operate pursuant the Corporate Governance Guidelines, and a Governance Statement is published as part as our group of companies’ annual report. 

Approximately 350 international suppliers are represented in Iceland by Veritas group of companies, several of which are worldwide competitors. For that reason, strict requirements are in place concerning confidentiality and data storage. As a parent company to its subsidiaries, Veritas is responsible for the management of IT systems for our entire group of companies. For this reason, Veritas adopted and works pursuant its own Data Safety Policy which is based on and certified according to ISO/IEC 27001 standards. Veritas holds the certificate No. IS 607526 issued by BSI (The British Standards Institution) vouching for the fact that our company operates a data protection control system which meets the ISO/IEC 27001:2013 standards. Veritas and its subsidiaries adhere a data safety policy based on ISO/IEC 27002 — Code of Practice for Information Security Controls. 

Veritas adopted a policy and guidelines for the processing of personal data to ensure that our group of companies complies with The Icelandic Act No. 90/2018 (Act on the Protection and Processing of Personal Data). Veritas Personal Data Protection Policy warrants their staff and customers trustworthy and reliable services.

Veritas values human rights, does not approve of child slavery and hard labour, and fully operates pursuant laws and regulations in place.