Breakout Sessions and Activity

Breakout Sessions

There will be three different Breakout Sessions on the 15th of June, between 13:05-14:35. The Breakout Sessions consist of 6 mini cases on the Ocean and sustainability that will be held in pairs in rooms marked E (Environment), S (Social) or G (Governance).

For registration and more information on the Breakout Sessions and the activities, please click the link here

E (Environment) - Ríma A breakout room

Lifecycle Management of Shipping Vessels

On January 2022 a Strategy Consultant was looking at how Eimskip an Icelandic freight carrier managed its surplus vessels.  One of Eimskip’s ships had been recycled in India and this fact was covered unfavorably by Kveikur, an Icelandic broadcaster.  While Eimskip had not broken any rules the negative publicity was concerning to Eimskip’s board of directors.  The Consultant wondered what changes, if any, Eimskip should make to its internal procedures.

Click to download PDF with more information

Sea-farmed Salmon: Assessing the Impact of a Growing Industry

A Strategy Consultant, looking at the issue of fish farming in Iceland, noted that everyone, it seems, had an opinion on the issue.  While the sea-farming of fish had a long history in Iceland it was only recently that huge investments were made – by foreigners – to grow and harvest salmon in Iceland’s fjords.  It was early 2022 and the Consultant had been asked to assess the advantages and disadvantages of this rapidly growing industry.  What were the short-term and long-term impacts, importantly, how could the benefits and the cost of stewardship could be shared?

Click to download PDF with more information

S (Social) - Ríma B breakout room

The Responsibility for Workforce Skill Upgrades

“Lack of government funding is preventing foreigners who want to learn Icelandic from accessing courses” stated a recent article on the issue on the need for government funding for language training.  With foreign nationals making up a growing part of the population – 15% at last count  - the need to integrate newcomers continued to grow.  A publicly traded fishing company was taking the initiative to provide language training to its workers.  But was this a service that governments should be providing?  Was there a better way to approach this issue?

Click to download PDF with more information

The Opening Up of the North Atlantic Routes

A Strategy Consultant was asked to consider the opportunities and risks for an event sometime in the distant future: the potential opening up of a North Atlantic Sea route.  It was early 2022 and the Consultant had been asked to assess the advantages and disadvantages of this rapidly growing industry.  What were the short-term and long-term impacts, importantly, how could the benefits and the cost of stewardship could be shared?

Click to download PDF with more information

G (Governance) - Stemma breakout room

The Issue of Fishing Quotas

A Strategy Consultant was asked to suggest improvements to Iceland’s fishing quota system. Nearly four decades after the individual transferable quota (ITQ) was introduced, there continued to be heated debate about the societal impact – positive and negative – of this system.

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Corporate Governance in the Fishing Industry

On what basis should investors decide whether a company’s corporate governance meets a certain standard?  Should these standards change over time?  Does stock market performance validate investors’ decisions…or should market results play no part in the evaluation?

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Activities

On the 16th of June after lunch you are welcome to choose between different activities.

The Icelandic Ocean Cluster

A visit to the Icelandic Ocean Cluster, an innovation hub situated close to Harpa where entrepreneurs will introduce their projects and businesses

Bus ride to the Reykjanes Peninsula & the Blue Lagoon

A bus ride to the Reykjanes Peninsula where the first visit will be with Orf Genetics, where Björn Örvar, Ph.D, founder, CSO and EVP of Business Development will introduce the company to the participants. Orf Genetics is an Icelandic company that has developed a unique expression system that uses barley grain, grown in an eco-friendly greenhouse, as a vehicle for the production of recombinant human and animal growth factors. This has resulted in an extensive portfolio for stem cell technology research, skincare, biopharma, and the cell cultured meat industry.

Secondly, we will visit the harbor of Grindavik where we will be greeted by the harbor master Mr. Sigurður Arnar Kristmundsson who  will give an interesting insight to what happens at an busy Icelandic harbor.

A unique insight to what happens behind the scenes at the Blue Lagoon and what the company is doing in terms of sustainability will be given by Fannar Jónsson quality and environment manager at the Blue Lagoon

Conference guest will then enjoy a relaxing time in the Blue Lagoon at own cost. The bus will go back to Reykjavik at 18:00.

A bus to Reykjavik after the Blue Lagoon visit for those not going into the Blue Lagoon will leave at aprox. 16.00.