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Publish Date : 14-Dec-2015

SNC-Lavalin confirms that it has signed an administrative agreement with Public Services and Procurement of the Government of Canada (PSP) under the Government of Canadas 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.

This is another example of our commitment to move forward. I thank PSP for recognizing SNC-Lavalins significant efforts and dedication to continuous improvement in ethics and compliance, which have allowed us to meet the difficult criteria of the new Integrity Regime. I am proud of our ethics and compliance program that is an integral part of the way we work every day, here in Canada and globally. Our clients and partners have recognized our concrete actions, efforts and accomplishments over the past three years, stated Neil Bruce, President and CEO, SNC-Lavalin. This agreement is a milestone that allows us to continue to be an important contributor to the Canadian economy. It protects the public, and is good for our employees, clients, investors and all of Canada.

The administrative agreement is due to the federal charges filed against three of the companys legal entities in February 2015, which SNC-Lavalin contests. SNC-Lavalin confirms that, provided the company complies with the terms of the administrative agreement, it will be able to continue to bid on and win contracts to provide procurement goods and services to all Canadian government departments and agencies, in Canada and abroad, until the final conclusion of those charges.

Over the past three years, SNC-Lavalin has fully cooperated with authorities, made significant changes and remains focused on continuous improvements in ethics and compliance. The tone from the top is clear and unequivocal; there is zero tolerance for ethics violations. The individuals alleged to have been involved in past ethical issues are no longer with the company, and a new executive team leads the company today.

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