- The agreement pertains to contributions made to federal
political entities between 2004 and 2011
- The Commissioner emphasizes the level of cooperation offered
by SNC-Lavalin
- The Commissioner recognizes SNC-Lavalin's commitment to
ethics and compliance
MONTREAL, Sept. 8, 2016 /CNW Telbec/ - SNC-Lavalin (TSX:
SNC) announced today that it has reached a compliance agreement
with the Commissioner of Canada Elections (the "Commissioner") in
relation with an investigation by the Commissioner regarding the
reimbursement, to people associated with the company, of
contributions made to federal political entities between 2004 and
2011.
To conclude this agreement, the Commissioner took into
consideration the following factors, among others:
- SNC-Lavalin's adoption and implementation of ethical and
compliance measures and structures whose purpose includes
preventing such activities from reoccurring and;
- the level of cooperation offered by the company, including its
voluntarily providing the Commissioner with all of the relevant
information for its investigation.
"I am pleased that this agreement was reached. It once again
shows our desire and commitment to resolve past issues," said
Neil Bruce, President and CEO. "Our
cooperation with the Commissioner reflects the efforts and progress
we have made in terms of ethics and compliance since 2012, which
our clients and partners now recognize."
The company's Political Contributions Policy notably states
that:
- Employees are prohibited from making political contributions on
behalf of SNC-Lavalin or in its name, or to use their position
within the company to solicit them for the benefit of any political
party or candidate.
- Employees may engage in political activities, or make political
contributions, in their own individual capacities, on their own
time and at their own expense. However, they may not use any
SNC-Lavalin resources, funds or other property to do so.
SNC-Lavalin will not reimburse or otherwise compensate an employee,
directly or indirectly, in any form, for political contributions
they make.
In February 2014, the Autorité
des marchés financiers (AMF) granted SNC-Lavalin the
authorization to contract with Quebec organizations.
In December 2015, SNC-Lavalin
signed an administrative agreement with Public Services and
Procurement Canada under the federal government's new Integrity
Regime. The administrative agreement allows companies charged under
federal laws to continue to contract with or supply the Government
of Canada.
Furthermore, in May 2016, the
company announced its participation in the Government of
Quebec's Voluntary Reimbursement
Program as well as the settlement of the investigation from the
Office of the Syndic of the Order of Engineers of Quebec (OIQ) in connection with political
contributions made between 1998 and 2010.
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. Working from
offices in over 50 countries, SNC-Lavalin's employees are proud to
build what matters. Our teams provide engineering, procurement and
construction (EPC) and engineering, procurement and construction
management (EPCM) services to clients in various sectors, including
oil and gas, mining and metallurgy, infrastructure and power.
SNC‑Lavalin also handles financing, operations and maintenance for
complete, end-to-end project solutions.
www.snclavalin.com
SOURCE SNC-Lavalin