MONTREAL, May 10, 2016 /CNW Telbec/ - SNC-Lavalin
(TSX: SNC) announces today, through a Notice of intention filed
with the Director of the Program, its participation in the
Voluntary Reimbursement Program which was put into force by the
Government of Quebec on
November 2, 2015.
"As we announced in February 2014
and have publicly repeated on a number of occasions since,
SNC-Lavalin underscores its commitment to working with the
Government of Quebec and the
province's public agencies to reach a settlement that is
comprehensive, final and fair," says Neil
Bruce, President and CEO. "SNC-Lavalin firmly believes that
common ground can be found to allow everyone to confidently move
forward."
SNC-Lavalin has significantly toughened its ethics and
compliance program since 2012. Its measures include:
- implementation of a competitive practices policy;
- implementation of a duty to report procedure;
- appointment of compliance officers in every SNC-Lavalin
business unit;
- implementation of mandatory compliance training and annual
certification for all employees;
- continuous updates to our Code of Ethics, which is available in
many languages;
- implementation and tightening of a policy on political
contributions.
"Over the past few years, we have invested significant time and
money to strengthen our ethics and compliance program," added Mr.
Bruce. "Our clients and partners recognize our concrete actions,
our numerous efforts and our very tangible progress since
2012."
In February 2014, the Autorité des
marchés financiers (AMF) granted the company the necessary
certification to do business with Quebec's public sector organizations.
In December 2015, SNC-Lavalin has
signed an administrative agreement with Public Services and
Procurement of the Government of Canada under the Government of Canada's new Integrity Regime. The
administrative agreement allows companies – that have federal
charges pending against them – to continue to contract with or
supply the Government of Canada.
The company's ethics and compliance program, which is based on
international best practices, is divided into three categories:
prevent, detect and respond. The three categories consist of
actions to help ensure the company meets its commitment to ethics
and compliance. The list can be found here:
http://www.snclavalin.com/en/ethics-compliance/ethics-compliance-faq.aspx.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one of the leading
engineering and construction groups in the world and a major player
in the ownership of infrastructure. From offices in over 50
countries, SNC-Lavalin's employees are proud to build what matters.
Our teams provide engineering, procurement, construction,
completions and commissioning services together with a range of
sustaining capital services to clients in four industry sectors,
oil and gas, mining and metallurgy, infrastructure and power.
SNC-Lavalin can also combine these services with its financing and
operations and maintenance capabilities to provide complete
end-to-end project solutions. www.snclavalin.com
SOURCE SNC-Lavalin